Consumer Rights Advocacy Network has called on the Consumer Protection Council (CPC) to act with caution in handling its disagreement with
The CPC had last week filed a criminal charge against the two companies and their chief executives for allegedly violating some provisions of the Consumer Protection Council Act.
While stressing the need for the interest of the consumers to be protected, the spokesperson of the organization Mr Lolade Bamidele said that there was a need to balance consumers' interest with that of the manufacturers.
He said: "It is imperative that the CPC has to learn that there is a critical need to balance consumer and industry interests through regulation."
The Consumer Advocate, while noting that CPC needs to avoid combative regulation in seeking to protect consumer interest, also enjoined
He said that both
He said: "This scenario is avoidable and would not augur well for the country in the long run. We are appealing to both organizations to sheath their sword, come to a round table and talk things over. That is the only way to promote the interest of the consumers and also to encourage manufacturing companies like
He noted that regulators existed because there was an industry to regulate. According to him, it is the duty of the CPC to balance the interest of the consumers with that of manufacturers as these industries help to drive up the economy.
"Rather than waste much time and resources on media war, both parties should work together to protect consumers," he added.
He said: "We are also aware of the fact that