The Nigerian Police (NPF), with the support of the Hewlett Packard (HP) Counterfeiting and Fraud Prevention Team, have successfully stopped three major counterfeiting operations using illegal HP print cartridges in Nigeria, HP announced.
Officials raided several major counterfeiting stores in Nasarawa State and the Federal Capital Territory (FCT), seizing over 5,000 illegal items and preventing their illegal sale within the country.
“Counterfeiting is an illegal activity that not only negatively impacts the business of resellers and distributors, but also impacts the product experience for our customers. Original HP ink supplies are designed to deliver consistently high quality results while minimizing environmental impact,” said Country Head, HP Nigeria, Emmanuel Asika, in a statement.
“We appreciate our longstanding partnership with the Nigerian authorities and the exceptional success of our anti-counterfeiting and fraud program in protecting our customers from the illegal sale of fraudulent HP products,” he said.
A recent study by the Organization for European Cooperation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) states that international trade in counterfeit and pirated goods accounts for up to 3.3 percent of world trade, or up to US$509 billion dollars.
In the European Union (EU), counterfeit and pirated goods account for about 6.8 percent of imports, or up to €121 billion. The report also points out that counterfeiting causes companies to lose revenue, leading to direct and indirect job losses, in addition to lost revenue for the government.