Food price hike: Nigerian Govt seals Sahad stores in Abuja 24hrs after Tinubu’s order




Barely twenty-four hours after President Bola Tinubu hinted at plans to tackle factors responsible for the food crisis, the Federal Competition and Consumer Protection Commission, FCCPC sealed Sahad Store, a popular supermarket in the Garki area of Abuja.

FCCPC Acting Executive Vice Chairman Adamu Ahmed Abdullahi led the enforcement.

Addressing journalists, Abdullahi said the commission’s preliminary investigation confirmed that the management of the supermarket was shortchanging customers.

The supermarket management was accused of shortchanging customers by charging prices other than the price tag on the shelves.

He said the store would remain sealed until the completion of the further investigation.

“What we have found out that these people are doing is misleading pricing and lack of transparency in the pricing, which is against Section 115 (3) of the law that says a consumer is not required to pay a price for any good or service higher than the one that’s on display.”

“Section 155 states that any corporate person that contravenes is liable to a fine of 100 million nairas or even more, and the company directors themselves are liable upon conviction payment of 10 million nairas each or imprisonment of six months or both.

“What we have done today is to ensure they comply with the law. We initially called them to come and defend themselves, but they failed to show up. In the long run, they sent a lawyer whom we asked if he was familiar with the facts of the case. He said he wasn’t.

“To unseal the store, they have to make sure that they do what is required to be done.”

Newssphere recalls that after a meeting between the Federal Government and state governors on Thursday, they agreed to set up a committee to tackle the issue of hoarding of produce in the country.