FG Cracks Down On Hoarding: Sahad Store in Abuja Sealed Off

The Federal Competition and Consumer Protection Commission (FCCPC) closed the well-known grocery Sahad Store in the Garki neighborhood of Abuja.

This is coming two days after President Bola Tinubu’s announcement of strategies to address the causes of the food crisis in the country.

Adamu Ahmed Abdullahi, the acting executive vice chairman of the FCCPC, supervised the enforcement.

Speaking to reporters outside the event, he stated that the preliminary inquiry conducted by the commission proved that the supermarket’s management was exploiting customers.

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 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. [CONTINUE READING HERE]