The Federal Competition and Consumer Protection Commission (FCCPC) has reopened the popular Abuja supermarket, Sahad Stores, following its temporary closure on Friday, February 16.
The closure was a result of the store’s alleged lack of transparency in fixing prices for products.
The FCCPC accused Sahad Stores of displaying lower prices on shelves while charging higher prices at checkout, leading to violations involving misleading pricing and a lack of transparency.
In a statement issued by the acting Executive Vice Chairman of the FCCPC, Adamu Abdullahi, the commission confirmed that Sahad Stores had been reopened on February 16, around 7 p.m., after reaching a mutual understanding and commitment 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 statement emphasized the FCCPC’s commitment to combating exploitative and misleading practices that undermine consumer rights.
The commission urged businesses to display transparent pricing information to empower consumers and ensure fair practices in the market.
