FCCPC Considering Mandating Refunds of Overcharged Airfares in 2025 Yuletide

By Micheal Chukwuebuka

The Federal Competition and Consumer Protection Commission (FCCPC) says it has concluded investigations into the high airfares charged by airlines during the 2025 Yuletide period, with the possibility of mandating the airlines to refund affected passengers over excess charges.

The Executive Vice Chairman of FCCPC, Tunji Bello said at the periodic briefing – “meet the press”, organized by the presidential media team.

He said the preliminary report of the commission, which will be released soon already finds the airlines wanting in that regard.

Mr Bello described the situation as a possible case of collusion among airlines aimed at price fixing.

According to him, the commission is also probing pricing practices involving baby formula, pharmaceuticals, cement among others following consumer complaints.

Bello explained that although Nigeria operates a free-market economy, the FCCPC would intervene where businesses exploit consumers or engage in unfair market practices.