FCCPC, US Embassy Hold Talks to Boost Consumer Protection

The Federal Competition and Consumer Protection Commission (FCCPC) has engaged in discussions with the United States Embassy in Abuja to enhance bilateral cooperation on consumer protection. In a statement posted on X on Monday, the commission said the meeting focused on deepening collaboration betw...

The Federal Competition and Consumer Protection Commission (FCCPC) has engaged in discussions with the United States Embassy in Abuja to enhance bilateral cooperation on consumer protection.

In a statement posted on X on Monday, the commission said the meeting focused on deepening collaboration between Nigeria and the U.S. to advance consumer rights and regulatory best practices.

“Federal Competition and Consumer Protection Commission (FCCPC), led by its Executive Vice Chairman/CEO, Mr. Tunji Bello, today hosted the Deputy Economic Counsellor of the U.S. Embassy, Mr. Joseph Giblin, at its Corporate Headquarters in Abuja,” FCCPC said.

“Mr. Bello was joined by the Executive Commissioner (Operations), Mr. Louis Odion and Executive Commissioner (Corporate Services), Hajia UmmuSalma Isyaku Rabiu.

“Both sides discussed deepening Nigeria/United States collaboration to advance consumer protection.”

The Federal Competition and Consumer Protection Commission (FCCPC) reported that Nigerian consumers filed over 9,000 complaints across 30 sectors between March and August 2025, with the banking, fast-moving consumer goods (FMCG), and financial technology (fintech) sectors generating the highest number of grievances.

According to the commission’s update on September 11, the bulk of complaints in the banking and fintech sectors were related to financial losses—primarily involving issues such as loan deductions, unauthorized account charges, and failed transactions.