Report from Ado-Ekiti, the Ekiti state capital says the Traditional Council of Ado Ekiti, the Ewi-in-Council, has moved against traders charging exorbitant prices for their goods and services.
The Ewi of Ado-Ekiti, Oba Rufus Adeyemo Adejugbe has, therefore, set up a team to monitor prices of food items and other commodities across markets in the state capital, Daily Post reports.
According to the report, the Omosio of Ado-Ekiti, Chief Opeyemi Abiola, led other Traditional Chiefs in the monitoring operation which commenced last week.
The move, aimed at ensuring that traders sell at reduced prices and to prevent the arbitrary increase in the prices of the commodities, was carried out at Okesha and Oja Bisi markets in the Ado-Ekiti metropolis.
Abiola disclosed that Oba Adejugbe set up the team to checkmate the rising prices of the food commodities in the state which he said has caused untold hardship to the masses.
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He warned traders and sellers of food items against being insensitive to the plight of residents by hiking the price of food items as a result of the economic downturn.
“It is because of the prices of commodities in the market that our situation is compounded, many of them deliberately hike the price of their commodities arbitrarily.
“Kabiyesi thinks this is the way to checkmate the price. He gave the chiefs the authority to go and checkmate the price in the market.
“Some people are saying that they are selling the food commodities as they bought from the farm but we know it is not like that.
“They can say whatever they want to say. All I know is that we want people to enjoy the good atmosphere of this state. We don’t want exorbitant prices, especially food commodities.
“As from the next market, if we find anybody selling at exorbitant prices, we are going to seize it and pack it to the palace,” he said.
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