Sahad Store Caught in Price Tag Tango: FCCPC Closes Curtain on Shenanigans!

On Friday, the Sahad Store, a well-known supermarket in Abuja’s Garki area, was shut down by the Federal Competition and Consumer Protection Commission (FCCPC) due to alleged lack of transparency in their pricing practices.

This action follows President Bola Tinubu’s recent announcement of plans to address the underlying causes of the food crisis in Nigeria. A committee, jointly established by the Federal Government and state governors, was formed to combat hoarding of products nationwide.

According to Mohammed Idris, the Minister of Information and National Orientation, during a meeting chaired by President Tinubu, some traders were accused of hoarding food items, prompting the government to intervene.

The enforcement team, led by Adamu Ahmed Abdullahi, the FCCPC Acting Executive Vice Chairman, sealed the Sahad Store after preliminary investigations revealed discrepancies between displayed prices and those charged to customers.

Abdullahi emphasized that the store would remain closed until further investigations were completed, citing violations of consumer protection laws. The store’s management faces potential fines or imprisonment if found guilty, as per the relevant legal statutes.

Efforts to reach a resolution with the store’s management were unsuccessful, with a lawyer representing them reportedly lacking familiarity with the case details. Compliance with regulations is required for the store’s reopening.