Shoprite to shutdown Abuja branch June 30

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Shoprite Mail has announced its decision to close one of its branches in Abuja, located at Novare Central Mail in Wusa Zone 5, from June 30, 2024.

This was made known in a circular signed by the Chief Executive Officer, Dr Folakemi Fadahunsi, on Monday.

The Mail attributed the reason for the decision to the current business climate after carefully assessing the store’s financial status.

Also, vendors were informed that their services would no longer be needed at the location, adding that the company would be reviewing its accounting records in the next 60 days to settle outstanding balances.

The circular read partly: “We regret to inform you that as of June 30, 2024, Retail Supermarkets Nigeria Limited will be closing its Wuse Store located in Novare Wuse Central Mall, Abuja. This decision has been made after a thorough evaluation of the store’s financial situation and the current business climate. We believe this is the best course of action for our organization’s long-term growth.

Effective June 30, 2024, our company will no longer operate in Wuse, Abuja, and we will no longer require your services for the Novare Wuse Central Mall Store. Please note that all existing service contracts will also terminate for the store.

your services are specifically tied to the Novare Wuse Central Mall Store and if there is an outstanding balance between our companies, we will carefully review our accounting records over the next 60 days (about 2 months). We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule.

“We would like to express our gratitude for your past business. It has been a pleasure working with you and your team. If you have any questions or concerns, or if there is anything we can do to assist you during this challenging transition, please do not hesitate to reach out to us,” it added.

The Nigerian Association of Small Scale Industrialists (NASSI), earlier revealed that 30 percent out of over 24 million registered small and medium enterprises in Nigeria folded up in the previous year.

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Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

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