June 14, 2024

‘LASU Bread only’, Potential Violation of Competition Law– FCCPC

Vice-Chancellor of Lagos State University, Prof. Ibiyemi Bello proudly displays the new bread.

Officials of the Federal Competition and Consumer Protection Commission (FCCPC), have frowned at plans by the Lagos State University (LASU) to sell only the bread produced by the institution on campus.

Mr Babatunde Irukera, the Executive Vice Chairman of FCCPC, in his official Twitter handle @TundeIrukera, said the act is a potential violation of competition law.

Irukera said that it is an offence under the FCCP Act to limit competition in that manner. I am afraid this presents a potential violation of competition law.

”LASU is not exempted because governments are also liable when they engage in commerce,” he said.

It will be recalled that LASU, on its official Twitter handle @LASUOfficial, had commended the Vice-Chancellor of the university, Prof. Ibiyemi Bello, for setting up a new bakery on campus.

“The bakery is part of her administration’s drive to increase Internally Generated Revenue (IGR),” the tweet reads.

”The LASU bread will henceforth be the only bread on the university main campus,” the institution declared.

The last part of the announcement drew public outrage and criticism

“Madam VC, it’s when LASU bread freely and openly competes with other bread within & outside of LASU campus that you will know its position on the market scale from consumers’ feedback and sales records,” Mr. Adeola Soetan said in an opinion post in Sahara Reporters.

He submitted that “forcing LASU bread into the throats of the community of the LASUITES by banning other bread from being sold on your campus is draconian, nonsensical, illegal and unconstitutional as it violates citizens’ right of choice more so in a public institution like a university which universally thrives on best practices of the harmonious contest, competition of ideas, choices, perspectives and principles to move the institution forward.”

According to Wikipedia, Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law,and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting.

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