News
FCCPC Establishes Case of Price Fixing Against Local Airlines
The Federal Competition and Consumer Protection Commission (FCCPC) has uncovered patterns of price manipulation perpetrated by some local airlines during the last festive season.
The findings are contained in the interim report released on Thursday by the Commission’s department of Surveillance and Investigations, according to a statement signed by the Director, Corporate Affairs, Ondaje Ijagwu, and made available to Pointblank.ng.
Recall that the Commission announced an industry-wide investigation earlier in January.
The forensic exercise benefitted from data collated by the Commission from airlines operating local routes in the country.
The report compares domestic airline pricing from the December 2025 festive period with post-peak January 2026 fare levels.
Preliminary analysis indicates that fares recorded during the December peak were materially higher than those observed in the post-peak period across several routes despite relative stability in critical operating variables like fuel price, government taxes and foreign exchange.
The differences observed in fares therefore appear to reflect airlines’ arbitrary pricing decisions, including yield management and capacity allocation, rather than any variation in regulatory fees.
Route-level analysis shows that higher fares coincided with periods of reduced seat availability during predictable seasonal demand peaks. On some high density routes, peak fares were clustered within relatively narrow ranges across several operators.
For instance, on certain corridors like Abuja-Port Harcourt, peak fares were several times higher than corresponding post-peak levels. On selected routes, the difference in the price of a single ticket reached approximately ₦405,000. Median fares across the sampled routes also rose markedly during the festive window when compared with post-peak benchmarks.
However, the interim report recognises that seasonal demand pressures, scheduling constraints and fleet utilisation may also affect pricing during peak travel periods.
These factors remain under consideration as part of the Commission’s ongoing review.
Commenting on the release of the interim report, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, said the review is part of the Commission’s statutory responsibility to promote competitive markets and safeguard consumers.
“This assessment is intended to provide clarity on pricing behaviour during predictable peak travel periods. The Commission’s role is not to disrupt legitimate commercial activity, but to ensure that market outcomes remain consistent with competition and consumer protection principles under the law,” Mr. Bello said.
He noted that the Commission is conducting further structural and route-level analysis before reaching any conclusions.
“It is important to emphasise that this is an interim report. Our next action will be dictated by full facts established at the end of the review exercise. Then, the Commission will decide whether any regulatory guidance, engagement or enforcement steps are necessary, strictly in accordance with the law,” he said.
The report identifies the possible relevance of Sections 59, 72, 107, 108, 124 and 127 of the Federal Competition and Consumer Protection Act 2018, which respectively address the prohibition of agreements in restraint of competition, the prohibition of abuse of a dominant position, the offence of price-fixing, conspiracy to commit offences under the Act, the right to fair dealings, and the prohibition of unfair, unreasonable or unjust contract terms.
Meanwhile, Mr. Bello announced that foreign airlines will come under FCCPC radar after the ongoing review of local airlines in view of widespread complaints of exploitative fares they allegedly charge Nigerians on certain routes compared to fares in neighbouring countries that are of equal distance.
As Ekiti State prepares for Saturday’s governorship election, the Independent National Electoral Commission (INEC) has assured voters of its readiness to conduct a free, fair, and credible poll.
The Resident Electoral Commissioner (REC) in Ekiti State, Bunmi Omoseyindemi, urged eligible voters to participate confidently in the electoral process, stressing that the commission remains committed to delivering a transparent and impartial election.
Reports quoted Omoseyindemi as saying that INEC had resolved all logistical challenges and put adequate measures in place to ensure the timely deployment of personnel and election materials across the state.
He also highlighted the close collaboration between INEC and security agencies through the Inter-Agency Consultative Committee on Election Security (ICCES), noting that the partnership is aimed at guaranteeing a peaceful and secure voting environment.
The REC further disclosed that the INEC Result Viewing Portal (IReV) would be deployed during the election to enhance transparency by enabling real-time upload and public viewing of polling unit results.
Meanwhile, a coalition of civil society organisations monitoring the election under the European Union Support to democratic governance in Nigeria (EU-SDGN) Election Observation Hub has expressed concern over reports of voter inducement, political intimidation and disinformation ahead of the poll.
At a pre-election press conference, the group alleged that incidents of vote-buying involving cash, food items, and the collection of Permanent Voter Card (PVC) and National Identification Number (NIN) details through pre-funded bank accounts had been reported in parts of Irepodun/Ifelodun, Ikole, Ikere, Ekiti East and Ekiti West local government areas.
The observers also raised concerns over the spread of misinformation on social media, including unverified claims regarding the use of cloned PVCs to manipulate election outcomes.
While describing the overall security situation in the State as largely peaceful, the coalition urged political parties, candidates and their supporters to refrain from vote-buying, intimidation and the dissemination of false information.
The group also called on security agencies to remain professional and neutral throughout the electoral process, while encouraging voters to exercise their democratic rights freely and without fear, coercion or inducement.
The 2026 Ekiti State governorship election will hold on Saturday, June 20, across the state’s 16 local government areas, with more than one million registered voters expected to decide whether Governor Biodun Oyebanji secures a second term or a new leader emerges.
According to INEC, a total of 1,059,360 registered voters are eligible to participate in the election, which will be conducted across 2,445 polling units located in 177 wards. Voting is scheduled to commence at 8:30 a.m.
Authorities have also announced a statewide restriction on vehicular movement from midnight until 6:00 p.m. on election day to facilitate the smooth conduct of the exercise.
Although 14 candidates are contesting the election, with Governor Biodun Oyebanji of the All Progressives Congress (APC), Oluwole Oluyede of the Peoples’ Democratic Party (PDP), and Dare Bejide of the African Democratic Congress (ADC) as the leading contenders.
INEC has confirmed the distribution of sensitive election materials to local government areas and assured voters of the readiness of the Bimodal Voter Accreditation System (BVAS).
Security agencies have also deployed personnel and operational assets across the state, particularly in border communities and other strategic locations, to maintain law and order throughout the electoral process.
Civil society organisations monitoring the election have urged residents to participate peacefully and responsibly, emphasising the importance of safeguarding the integrity of the democratic process.
Nigeria’s former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has reacted to her acquittal by a London court after bribery charges brought against her were dismissed.
The Southwark Crown Court in London, United Kingdom, on Wednesday acquitted the former minister of all charges, including five counts of accepting bribes and one count of conspiracy to commit bribery.
Reacting to the judgment, Alison-Madueke expressed relief and said she and her family had endured years of emotional distress over the case.
Speaking to News Central, she said she has remained in the United Kingdom since the legal proceedings began 11 years ago.
She said: “I’m just thankful to God, it’s been arduous, almost 11 years. It’s been traumatic not just for me but for my family, friends, my 93-year-old mother in Port Harcourt and for my son.
“It has been a hard journey, but I tell you this, God will always do as He will. God will be God and God is not a man that He should lie; when He promises you something, He will see it through.
“For almost 11 years I have been here. I did my job to the best of my ability.”
The lawmaker representing the Federal Capital Territory (FCT), at the Senate, Ireti Kingibe, says she did not see any report that led to the suspension of Kogi Central Senator, Natasha Akpoti-Uduaghan.
Kingibe made this disclosure on Wednesday when she featured in an interview on Arise Television’s ‘Prime Time’.
She said she was at a retreat with Edo North Senator, Adams Oshiomhole, when she heard about the report.
“I never saw the report that led to Natasha’s suspension. I was at a retreat. I had earlier stated that I was there with three or four other senators who are members of the committee.
“We attended the Committee on Petitions and Public Complaints, signed the attendance register, and I later left for the tax reform retreat, which I considered more important at the time.
“It affects my constituents much more than disciplining a senator, and I figured that the other people who were not part of that committee would take care of it.
“I even complained to other Senators, specifically to Senator Enyinnaya Abaribe. I complained to him very bitterly that I had not seen that report. I didn’t see it then. I have not seen it till now,” she said.
