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Monetary Policy Oversight: Monitoring and evaluating the implementation of monetary policies by the Central Bank of Nigeria (CBN) to ensure alignment with national economic objectives. Legislative Framework: Developing and amending laws that govern the financial sector to promote stability, growth, and consumer protection.
The Commission was established by the Federal Competition and Consumer Protection Act (FCCPA) 2018. among others, develop and promote fair, efficient and competitive markets in the Nigerian economy, facilitate access by all citizens to safe products, and secure the protection of rights for all consumers in Nigeria.
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Citi takes its fraud, identity theft protection service and security very seriously, alerting its customers automatically of potential risks or strange account activity through email and SMS fraud ...
Consumer Protection Council (CPC) Economic and Financial Crimes Commission (EFCC) Federal Housing Authority (FHA) Independent Corrupt Practices and Other Related Offences Commission (ICPC) Independent National Electoral Commission (INEC) Industrial Training Fund (ITF) Legal Aid Council of Nigeria (LACoN)
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Consumer interests can also serve consumers, consistent with economic efficiency, but this topic is treated in competition law. Consumer protection can also be asserted via non-government organizations and individuals as consumer activism. Efforts made for the protection of consumer's rights and interests are: The right to satisfaction of basic ...
The Customer Protection and End User Relief Act was introduced into the United States House of Representatives on April 7, 2014 by Rep. Frank D. Lucas (R, OK-3). [5] The bill was referred to the United States House Committee on Agriculture, which ordered it reported by a voice vote on April 9, 2014. [1]