Joseph Bakare
The Federal Competition and Consumer Protection Commission (FCCPC) has listed the energy sector as one of the industries where consumers are raising the red flags over inefficiency and ineptitude.
Also the Commission named the telecommunications and fintech firms as sectors generating the highest number of consumer complaints in Nigeria.
Tunji Bello, Executive Vice Chairman (EVC) of the Agency, who disclosed this made this in Abuja, said the Commission had received thousands of complaints from Nigerians across these sectors and had recovered over N20bn for consumers as of March 2026.
According to him, the Commission resolved more than 9,000 complaints and recovered over N10bn for consumers between March and August 2025 alone.
“Let me tell you where most complaints come from. Mostly on energy, fintech. For energy, people complain about the electricity supply, and so on. That’s where we get most complaints. And that led to recent action in Lagos against a disco. Also fintech. You know, people do a lot of transactions online, and most of them are either given unfair terms.
“Somebody has borrowed money, and then you discover that when they ask to pay back, the interest rate is outrageous. Most of them we have interrogated, and we’ve been able to resolve as many as possible,” Bello stated.
He added that the telecommunications sector and banks also account for significant complaints, noting that the commission receives about 25,000 complaints annually through various platforms.
Bello said cumulative recoveries for consumers had exceeded N20bn as of March 2026, up from N10bn recorded in October 2025.