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Nigerian govt reopens Sahad Stores

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The Federal Competition and Consumer Protection Commission, FCCPC, has reopened the head office of Sahad Supermarket, previously sealed for customer extortion and lack of transparency in price fixing.

In a statement on Saturday in Abuja, the Acting Executive Vice Chairman of FCCPC, Dr Adamu Abdullahi, said the reopening followed a mutual understanding and commitment from the store to implement transparent pricing practices.

According to him, the commission was aware that similar practices might be happening at other Fast-Moving Consumer Goods, FMCG, outlets nationwide.

He admonished supermarkets or outlets engaging in customer extortion to desist from such practices immediately to avoid consequences.

“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,” he said.

Pmnews.ng reported that the commission had sealed the supermarket on Friday for customer extortion and lack of transparency in prices.

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