Tension as FG seals popular Abuja store over deceptive pricing

Tension has continued to mount across the country as the Federal Government sealed popular Abuja supermarket, Sahad Store, along the Garki area of the state.

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

The Federal Competition and Consumer Protection Commission (FCCPC) noted that the store was sealed for lack of transparency in the way it’s fixing prices for products.

This come barely 24 hours after president Bola Tinubu announced plans to tackle factors responsible for food crisis in the country.

The Federal Government in a joint effort with all state governors agreed to set up a committee to tackle the issue of hoarding of produce across Nigeria.

The Minister of Information and National Orientation, Mohammed Idris, who spoke shortly after Tinubu’s meeting with state governors accused some traders of hoarding food products.

Idris noted that, “Mr. President has agreed to set up a committee to deepen the conversation that has happened at the just-concluded meeting. Of course, you know that it is impossible to complete most of the issues that were raised at the meeting so it is going to be a continuous one. ⁣

The National Security Adviser, the Director General of the state services, and the Inspector General of Police have been directed to coordinate with the state governors to look at the issue of those hoarding commodities. ⁣

At this point, the nation requires foods to be brought out to the people so that we can control prices and put food on the table of most Nigerians. Other commodity traders are busy hoarding these commodities so that Nigerians will suffer or they will make more money as a result. ⁣

“So the governors and Mr. President have taken this decision that security agencies will collaborate with the state governors to ensure that this ends,” he added.

Meanwhile, FCCPC Acting Executive Vice Chairman, Adamu Ahmed Abdullahi stated that the store would remain sealed until the completion of investigation, saying, “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 naira or even more and the directors of the company themselves are liable upon conviction payment of 10 million naira each or imprisonment of six months or both.

“What we have done today is to make sure that they comply with the law. We initially called them to come and defend themselves but 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.”

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

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