Price Variation: FG Reopens Sahad Stores

The Federal Government has reopened the head office of Sahad Stores, sited in Area 11, Garki Abuja over price variations.

News Rider reports that the store was sealed on Friday, February 16, 2024, by the Federal Competition and Consumer Protection Commission (FCCPC) enforcement team for lack of transparency in products' prices and extortion of customers.

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

He noted that the commission is aware that similar practices might be happening at other Fast-Moving Consumer Goods (FMCG) outlets nationwide.

Abdullahi enjoined supermarkets or outlets extorting customers to desist from such practice immediately to avoid consequences.

He said: ”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."

Abdullahi disclosed that FCCPA protects consumer rights and prohibits deceptive business practices.

He pointed out that Section 115 outlined potential penalties for violation, including fines for organisations and imprisonment for directors.

The EVC encouraged all businesses to adhere to fair and transparent pricing practices to ensure consumer protection and a healthy market environment.

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