Business

Ooni bans market groups over high food prices

Perturbed by the outrageous high cost of food items in Ile-ife, in Osun, Ooni of Ife, Oba Enitan Adeyeye Ogunwusi at the weekend banned all market groups in the community for their alleged involvement in hiking the prices of commodities and dictation to market women, a uniform prices that their products must be sold to the consumers.

The monarch who frowned at ordering fixing prices for their members, maintained, “We don’t want that in this community, we want traders to be free to sell at cheap rates to their consumers.

“It is unfortunate that group of traders dealing in various food items have been involving in fixing cost of goods, even when they have bought the items cheaply from farms”.

The leader of market heads in the town, Akinwande Olajire who made the announcement while addressing market traders, quoted the royal father to have given out the instruction.

According to him, Oba Ogunwusi had suspended market groups, as their activities have been fingered as the cause of high cost of food items.

“We also received several complaints from these traders about how motorists and others are extorting them. We will act on their complaint but they can’t sell at prices we consider too high in our markets.

“Ooni of Ife, Oba Adeyeye Ogunwusi, sent me to the markets across Ife. You must have seen one of videos that we recorded during the visits. I am the Babaloja of Ejigbomekun market also known as Oja tuntun. I am the leader of Babalojas in Ife.”

“Baba Ooni and his Chiefs have been told of unjustifiable amount traders are selling food items in markets in the town and one of the measures to check this is the ban he placed on market groups. These groups are fixing prices for their members and we don’t want that.”

“Traders should be free to sell at a cheap rate if they can buy at a cheap rate from farms. The groups have been banned.

“We have locked all the identified places these markets groups are using for their meetings and we will keeping monitoring them. If anyone is caught acting to intimidate traders for selling at cheap prices, such a person will face consequences,” he concluded.

Adeolu Adeyemo

Recent Posts

Warning issued to UK households buying washing up liquid

“Surfactants are capable of penetrating the cell membrane and thus cause toxicity to living organisms.…

1 hour ago

Group defends Mele Kyari amid criticism

The Coalition of Civil Society Groups for Transparency in Governance under the leadership of Empowerment…

2 hours ago

NBA should look for opportunities to expand law practice in Nigeria – Oronsaye

A licensed attorney in both Nigeria and the United States of America, Christian Oronsaye, has…

2 hours ago

State govts urged to tackle drug abuse through community-based interventions

State governments have been urged to embrace and entrench community-based interventions to curb the impact…

3 hours ago

FG pledges to strengthen access to justice, business transparency, community empowerment

The Federal Government has assured its commitment to strengthening access to justice, promoting transparency in…

3 hours ago

40 years after, DSS finally removes Lanre Arogundade’s name from watchlist

The Nigerian Chapter of the International Press Institute (IPI) on Tuesday disclosed that the Department…

4 hours ago

Welcome

Install

This website uses cookies.