The Federal Competition and Consumer Protection Commission (FCCPC) has reopened Sahad Stores, a popular supermarket in Abuja, after temporarily closing it on Friday, February 16.
The closure was due to allegations that the store was not transparent in setting prices for its products.
The FCCPC claimed that Sahad Stores displayed lower prices on shelves but charged higher prices at checkout, which violated rules on misleading pricing and transparency.
In a statement by the acting Executive Vice Chairman of the FCCPC, Adamu Abdullahi, it was confirmed that Sahad Stores reopened on February 16 at around 7 p.m. after agreeing to implement transparent pricing practices.
Part of the statement read: “On February 16, 2024, FCCPC operatives visited Sahad Stores and confirmed through random checks that the deceptive practice did not only continue, but cashiers also charged prices at their discretion, leaving unsuspecting customers vulnerable to unfair pricing.
“Exercising its authority under Section 18(f), the Commission temporarily sealed the premises.
“However, 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 p.m.”
The FCCPC emphasized its dedication to fighting against exploitative and deceptive practices that harm consumer rights.
Businesses were encouraged by the commission to provide clear pricing information to empower consumers and promote fair competition in the market.
