The federal Competition and Consumer Protection Commission (FCCPC) on Thursday, April 18th, sealed “4U supermarket” in Abuja over what they allege as the store’s unfair practices.
FCCPC officials took the action during an enforcement exercise in parts of the nation’s capital.
Officials of FCCPC were at several supermarkets in Abuja to initiate a campaign to enforce price display and quantity compliance.
The move is a direct response to concerns raised by consumers about the rising costs of goods which go against the recent strengthening of the naira against major currencies.
The commission said price discrepancies remain a significant issue.
Acting executive vice chairman of the FCCPC, Adamu Abdullahi who led the raid said, it was shocking that caprice and stallion rice were still stocked and being sold in the supermarket years after the companies had stopped production.
