Dr. Louis Brown Ogbeifun

Accredited Mediator | Certified Professional Manager and Trainer in Workplace Conflicts


Unveiling the Shadow of Profiteering: Unfair Gains in Socio-Economic Struggles

No doubt, the country’s socio-economic state is frightening. But we are our own enemies. But when a wholesaler or a retailer makes a net profit of 60% on a single product sold, that trader is engaging in unfair profit-seeking alias “profiteering.” It involves the billionaires and the peasants.

Check out the net profits declared by banks when people are cash crunched, rice dealers, cement manufacturers, sachet water “alias pure water” sellers, etc.

But how would anybody become a billionaire without a pinch of profiteering at least once in a business lifetime?