The Federal Competition and Consumer Protection Commission (FCCPC) has raided 4U Signature, a supermarket located in Wuse area of Abuja.
The supermarket was raided on Thursday after an enforcement team led by Adamu Ahmed Abdullahi, FCCPC acting executive vice chair, visited the store.
Prior to the raid, FCCPC, on April 17, urged Nigerians to report businesses hiking prices of goods, saying that despite the naira appreciating against the dollar, costs of commodities are still soaring.
The commission said it will monitor and investigate price hikes in the markets to protect consumers from exploitation.
FCCPC said it was aware of the concerns expressed by Nigerians regarding the continued rise in prices of goods and services.
On February 16, FCCPC sealed Sahad Stores, a supermarket located in the Garki area of Abuja for engaging in “misleading pricing and lack of transparency in pricing”.
Sahad Stores was reopened the next day.
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