4U Supermarket in Abuja has been sealed by FCCPC over unfair practices
Glamtush reports that the Federal Competition and Consumer Protection Commission (FCCPC) has sealed 4U Supermarket in Abuja.
This online news platform learnt that it was sealed on Thursday over unfair practices by its management. 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.
During the exercise that lasted several hours, the FCCPC sealed 4U Supermarket and evacuated 33 bags of fake stallion and caprice rice filled with weevils from one of the branches of the same supermarket located at 58 Adetokunbo Ademola Crescent, Wuse II.
Earlier on Wednesday, the commission had ordered its operatives to intensify monitoring of both formal and informal markets to identify businesses engaged in unnecessary inflation of prices for required enforcement action.
