Nigeria Loses About N15bn Annually To Counterfeit Products – SON
An estimated N15 billion is lost annually to fake or counterfeit products in terms of tax revenue to the government, income to local manufacturers and employment generation to Nigerians.
The director, Legal Services, Standards Organisation of Nigeria (SON), Suleiman Kawo, dropped this hint when the agency hosted the staff and management of the Nigeria Institute of Policy and Strategic Studies (NIPSS), Kuru, who came on a study tour of the agency in Abuja.
Related Posts
Man making fake ‘Fevi kwik’ arrested; product worth Rs 10.29 lakh, 2 machines seized
Mumbai police crime branch seized the products and arrested 54-year-old Hanuman...
More than 1,000 containers of illicit alcohol seized at border
More than 1,000 containers of illicit alcohol have been seized at the...
Tobacco worth $24,000 stolen in Windham
WINDHAM - A young Windham-area family took a hit in the pocketbook this week when...
Vizianagaram: Counterfeit currency racket busted, six arrested
Vizianagaram: Police on Tuesday busted a counterfeit currency racket and arrested...