Federal Competition and Consumer Protection Commission Seals Popular Abuja Store Over Deceptive Pricing.
The Federal Competition and Consumer Protection Commission (FCCPC) has sealed Sahad Store, a well-known supermarket in the Garki area of Abuja. The commission, led by FCCPC Acting Executive Vice Chairman, Adamu Ahmed Abdullahi, took this action on Friday, citing lack of transparency in the store’s pricing practices.
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This development comes in the wake of President Bola Tinubu’s unveiling of plans to address factors contributing to the food crisis in the country. The Federal Government, in collaboration with state governors, had agreed to establish a committee to tackle the issue of hoarding of products.
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Minister of Information and National Orientation, Mohammed Idris, revealed the decision after a meeting President Bola Tinubu held with governors, heads of Security Agencies, and some ministers at the Presidential Villa, Abuja. Idris emphasized that security agencies, in conjunction with governors, were mandated to address the hoarding of commodities, ensuring that food is readily available to the people.
The FCCPC’s enforcement team, under Abdullahi’s leadership, accused Sahad Store of shortchanging customers by charging prices inconsistent with the price tags on the shelves.
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The preliminary investigation revealed misleading pricing and a lack of transparency, violating Section 115 (3) of the law that prohibits consumers from paying a price higher than the one displayed.
Abdullahi stated that the store would remain sealed until a comprehensive investigation is completed. He highlighted the legal consequences, with Section 155 imposing a fine of 100 million naira or more on corporate entities that contravene the law. Directors of the company could face a fine of 10 million naira each, imprisonment of six months, or both upon conviction.
To lift the seal, Sahad Store must comply with the required legal procedures, and failure to do so could result in substantial penalties. The FCCPC emphasized its commitment to upholding consumer rights and fostering fair business practices.
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