The Federal Competition and Consumer Protection Commission, (FCCPC), had explained reasons behind the sealing of a popular Sahad Store in Abuja in a Press release, personally signed by, the agency’s Ag. Executive Vice Chairman/Chief Executive Officer Executive Vice Chairman/Chief Executive Officer, Dr. Adamu Abdullahi as obtained by INTEGRITY NEWS correspondent, Sanusi Abdullahi Oyelekan in Abuja yesterday.
In the press statement, the CEO of FCCPC), explained thus: “The Federal Competition and Consumer Protection Commission (FCCPC) conducted an on-the-spot check on Sahad Stores in Abuja on February 16, 2024, leading to the temporary closure of the store due to continued violations involving misleading pricing and lack of transparency.
Earlier, on January 8, 2024, the FCCPC investigated Sahad Stores following reports of misleading pricing practices. The investigation revealed that Sahad Stores displayed lower prices on shelves and charged higher prices at checkout, contravening Section 115 of the Federal Competition and Consumer Protection Act (FCCPA) 2018.
The investigation included all Sahad Stores branches in Abuja to ensure a comprehensive understanding of the issue and implement corrective measures across the entire chain.
The FCCPC promptly issued a summons to specific Sahad Stores staff, asking them to appear on February 12, 2024, to discuss corrective measures. However, the staff failed to appear without justification, raising concerns about potential violations under Section 33(3) of the FCCPA.
Consequently, 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 7:00 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.”
The Federal Competition & Consumer Protection Commission (FCCPC) is a body established by the Nigerian government to protect and promote the rights of consumers and hold producers and service providers accountable.
END.