Nigeria loses N9bn annually to counterfeit products
Stakeholders in the home appliance and baby care industry have lamented the increasing incidence of counterfeit products, which cost the country about N9 billion annually.While the country has also lost a whopping N200 billion annually to adulterated oil, the global economy via a cross-border trade in physical counterfeit is now $250 billion annually.
Related Posts
How Sun Pharma’s complaint helped authorities seize fake medicines worth Rs 2 cr
August 4, 2023
Central Drug Standard Control Organisation (CDSCO) officials have nabbed two...
Fake designer goods worth £250k seized at market in Ingoldmells
August 21, 2017
Thousands of fake goods worth a staggering £250k have been seized at a market in...
Fake cosmetics worth 9L seized, five persons booked
September 18, 2023
Ahmedabad: The city crime branch on Saturday booked five men for allegedly...
NAFDAC destroys fake, substandard products worth N464.7m in Northeast
August 12, 2018
THE National Agency for Food and Drug Administration and Control (NAFDAC), on...