THE Federal Competition and Consumer Protection Commission (FCCPC) has reopened Sahad Stores, a supermarket in Abuja’s Garki district.
The supermarket indicated that business is gradually resuming up after it was sealed yesterday.
An enforcement team sealed the supermarket yesterday for participating in “misleading pricing and lack of transparency in pricing”.
According to a statement from the FCCPC, investigations indicated that Sahad Stores presented cheaper pricing on shelves while charging higher costs at checkout.
The commission stated that the investigation includes all Sahad Stores branches in Abuja in order to achieve a full knowledge of the concerns and the implementation of corrective actions throughout the chain.
According to the agency’s acting executive Vice Chairman, Adamu Abdullahi, the commission asked representatives of the supermarket management to defend themselves, but they did not show up.
However, he stated that after a mutual understanding and promise by Sahad Stores to establish transparent pricing procedures, “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 statement reads.
“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 organizations 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.”
