The Federal Competition and Consumer Protection Commission (FCCPC) has visited three steel manufacturing firms in Ogun and Lagos States to investigate alleged production of substandard iron rods and alleged involvement in other trade anti-competition practices.
The affected companies are African Foundries Limited (AFL), Ogijo, Lagos; the Monarch Steel Mill Limited, Sagamu, Ogun, and the Kam Steel Integrated Company, Sagamu, Ogun State.
The Acting Executive Vice Chairman of FCCPC, Adamu Abdullahi, who led the operation, told journalists on Friday at the premises of AFL, that the agency’s visit to the three companies was informed by intelligence that they might be involved in unfair and anti-competitive practices.
