The Federal Competition and Consumer Protection Commission (FCCPC) said it is working with Airline Operators of Nigeria (AON) to bring down airfares which have risen astronomical across the country.
Airlines increased their fares to a minimum of N50, 000 as cost of operations rose.
Executive Vice Chairman, FCCPC, Mr Babtunde Irukera, said there was no provision for airlines to increase ticket prices as they were breaking an anti-competition law.
He reiterated that it was wrong for airlines to come together to fix prices because the law says that there should be competition in business and not pegging of prices at a particular amount.
Though the rising aviation fuel price has increased the cost of operation, Irukera noted that it was not a sufficient reason to increase flight tickets. He however noted that they have recommended a business model which will be benefit to passengers and airlines operators.
Irukera also blamed Google for the inability to trace the owners of some defaulting online money lending banks over consumer rights violations.
The commission had ordered Google and Apple to enforce the withdrawal of these money lending applications from their stores where evidence of inappropriate conduct or use of the application in violation of the rights of consumers has been established.
Irukera said he considered the development a threat to key national interest, adding that once Google uses its play store as a platform for that kind of app to operate, there would be a problem.
According to him, FCCPC is working with law enforcement in the United States to ensure big tech companies in the country conduct their operations responsibly.
The FCCPC boss urged companies to be responsible and responsive to customer cares.
On March 11, this year, the Federal Government shut some illegal online money lenders for not registering with the Corporate Affairs Commission (CAC) and engaging in activities that are against the rights of some consumers.
These online banks charge interest rates that violate how lending is done.
The lending companies offer short-term loans to help subscribers meet urgent needs, but resort to unprofessional measures of harassment, cyberbullying, and breach of data privacy of their customers who may have defaulted in loan repayment.
Some of the affected online money lending banks include; GoCash, Okash, EasyCredit, Kashkash, Speedy Choice and Easy Moni.
He said there are about 70 to 90 online lending applications currently operated by various firms in Nigeria.
He said some of the online apps were legitimate while others were operating illegally.