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Kano unseals warehouses hoarding foodstuffs, owners sell grains to public at lower prices

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Kano unseals warehouses hoarding foodstuffs, owners sell grains to public at lower prices

The Kano State Public Complaint and Anti-Corruption Commission has unsealed ten warehouses it earlier sealed for alleged hoarding of foodstuffs.

The chairman of the commission, Muhuyi Magaji, told newsmen that the owners of the warehouses had shown up and they were directed to open and sell to the public.

Magaji said, as a result, Kano had begun to witness a drop in the prices of foodstuffs.

He said, “The action taken by the commission has forced the dealers to bring the commodities to markets as well as reduce their prices.

“We visited a number of markets, including Dawanau International Grains Market, Singer Market and Kwari Market, among others.

“If you go to Shuwari market in Jigawa and Faskari and other markets in the neighbouring states, you will see that the prices of grains have reduced compared to before.

READ ALSO: Kano agency seals over 10 warehouses for hoarding foodstuffs

“If you recall, during the operation, the owners of such warehouses were nowhere to be found but those opened were stacked full of commodities, including spaghetti, rice, sugar and other food items.

“The owners were issued a notice to report to the commission preparatory to facing charges before the court of law for their illegal activities.”

According to Muhuyi, the operation made a significant impact towards checking the increase in the prices of grains and other essential commodities in the state.

He dismissed the claim by the Management of Dawanau International Grains Market that they were not hoarding foodstuff in order to create artificial scarcity.

The Dawanau International Grains Market recently announced a reduction in the prices of grains following a threat by the state anti-graft agency to prosecute shylock dealers who violated the agency’s order or found hoarding grains to maximize profits.

As a result of the threat, a bag of maize now sells for about N53,000, as against the old price of N60,000, while that of guinea corn now sells for N49,000, as against the former price of N55,000, depending on the quality.

Also a bag of millet, which used to go for N60,000, now costs N53,000 and that of beans now costs between N85,000 and N90,000, as against the old price of between N95,000 and N100,000, depending on quality.

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