The supermarket was sealed on Friday by an enforcement team, for engaging in “misleading pricing and lack of transparency in pricing”
A popular supermarket, known as Sahad Store in the Garki area of Abuja closed down on Friday by the Federal Competition and Consumer Protection Commission (FCCPC) has been reopened.
The supermarket was sealed on Friday by an enforcement team, for engaging in “misleading pricing and lack of transparency in pricing”.
It was learned Adamu Ahmed Abdullahi, Acting Executive Vice Chairman of the FCCPC, led the team that sealed off the store after its management was accused of shortchanging customers by charging prices other than the price tag at the shelves.
Abdullahi said the commission's preliminary inquiry indicated that the supermarket's management was shortchanging customers. He stated that the store would remain sealed till the investigation is completed.
However, the commission in a statement signed Adamu Abdullahi, on Saturday said following a mutual understanding and commitment from Sahad Stores to implement transparent pricing practices, “the FCCPC reopened the store on February 16, 2024, at about 7:00 PM”.
“Businesses are expected to display transparent pricing information to empower consumers to make informed purchasing decisions, especially during challenging economic times.
“The FCCPC remains committed to combating all forms of exploitative or misleading practices that undermine consumer rights.
“The FCCPA protects consumer rights and prohibits deceptive business practices. Section 115 outlines potential penalties for violations, including fines for organisations and imprisonment for directors.
“The FCCPC encourages all businesses to adhere to fair and transparent pricing practices to ensure consumer protection and a healthy market environment.”