The Federal Competition and Consumer Protection Commission (FCCPC) has reopened the head office of Sahad supermarket previously sealed for customer extortion and lack of transparency in price fixing.
The acting executive vice chairman of FCCPC, Adamu Abdullahi, said this in a statement in Abuja on Saturday.
Mr Abdullahi said the reopening followed a mutual understanding and commitment from the store to implement transparent pricing practices.
He said the commission was aware that similar practices might be happening at other fast-moving consumer goods (FMCG) outlets nationwide.
Mr Abdullahi advised supermarkets or outlets engaging in customer extortion to desist from such practices immediately to avoid consequences.
”Businesses are expected to display transparent pricing information to empower consumers to make informed purchasing decisions, especially during challenging economic times.
”The FCCPC remains committed to combating all forms of exploitative or misleading practices that undermine consumer rights.
”The FCCPA protects consumer rights and prohibits deceptive business practices.
”Section 115 outlines potential penalties for violations, including fines for organisations and imprisonment for directors.