The Federal Competition and Consumer Protection Commission (FCCPC) has sealed up popular Sahad Stores at Area 11 in Abuja for allegedly short-changing customers through misleading price tags on their products.
The FCCPC officials led by its Acting Executive Vice Chairman, Adamu Ahmed Abdullahi, stormed the Sahad Stores premises in Abuja at about 9:20 a.m. on Friday, February 16, 2024, with heavily armed security operatives.
Sahad Stores may have to pay a N100 million fine for the nefarious act as a result of the seal-up as stipulated by the law.
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Before evacuating all staff from the six-storey building, the EVC after speaking to the representative of Sahad Stores management, interrogated the price of some goods which was different from the price on the system.
Further explanation and investigation by the FCCPC enforcement team showed that there were different prices on the same goods from the same manufacturer, while some goods from the same manufacturer but different brands had the same price tag at the shelf whereas the prices in the system were different for each different brand.
Despite pleas from the management, the FCCPC boss insisted the Store must be sealed before any further plea would be listened to.
He added that a verification exercise should be conducted alongside strict monitoring to ensure appropriate prices were displayed on all goods.
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