The Federal Competition and Consumer Protection Commission (FCCPC), has sealed off the head office of Sahad supermarket/stores over customers extortion and lack of transparency in prices.
The Acting Executive Vice Chairman of FCCPC, Dr Adamu Abdullahi, while sealing off the premises in Abuja on Friday, said the act was an obnoxious practice which amounted to violation of rights under the FCCPAct.
He said the practice contravened Section 155 (3) of the FCCPA and the fine amounted to N100 million or more.
”What we have found out that they are doing is misleading pricing and lack of transparency in their pricing which is against section 155 (3) of the FCCPAct.
”It is an obnoxious practice and amounts to violation of rights under the FCCPA.
”Section 155 of FCCPA states that any corporate person that contravenes this law is liable to a fine of N100 million or even more.
”We found out that they are contravening this law and made sure that we came to tell them that our mandate is very clear.
”What we have come here today to do is to make sure that they complied with the law.
”We called them to defend themselves but they failed to show up and in the long run, they sent a lawyer and the lawyer is not familiar with the case but we requested for names of people that we wanted to come and defend them.
”Those people refused to come and these are the people in charge of retail, fix prices on the computer system and shelves.
”We do not have a choice than to seal off the premises until they comply with the provisions of the law,” Abdullahi said.
He said that the Commission would continue to protect the citizens in line with President Bola Tinubu’s agenda.
The acting executive vice chairman said the Commission would continue to monitor the supermarket to make sure they complied with the law.
