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.
The commission had sealed the supermarket on Friday for
customer extortion and lack of transparency in prices.