• Home
  • About
  • Privacy Policy
  • Contact
  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s
No Result
View All Result
MondayNuggets
No Result
View All Result

FCCPC Confirms All Products Sold in Chinese Supermarket Are in Yen, Not Naira

Monday Yakubu by Monday Yakubu
April 29, 2024
in Business
0

FCCPC Confirms All Products Sold in Chinese Supermarket Are in Yen

The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, has revealed shocking details about the discriminatory practices at the troubled Abuja Chinese supermarket.

In an interview with Channels TVhi disclosed that all products in the supermarket were priced in Chinese yen, violating Nigerian law.

Abdullahi emphasized the severity of the situation, stating, “The discovery was enormous when our officials got to the supermarket. All the products are labelled in yen, and that is the only currency accepted in the supermarket, yen. That is completely against the law in Nigeria.”

Moreover, Abdullahi confirmed allegations of discrimination, noting that only Chinese individuals were permitted entry into the supermarket, excluding Nigerian residents from the estate. He stressed the importance of upholding Nigerian laws and ensuring equal access to services for all citizens.

“We also confirmed that they only allow Chinese people into the supermarket. We have now instructed that the owner must put up a notice that says everybody can go into the supermarket and shop. We are discussing with her to put things right,” Abdullahi asserted.

Related Stories

  • FCCPC Plans Review of Recent DStv and GOtv Price Increases
  • FCCPC pledges to crack down on loan apps harassing customers

Addressing the consequences of such discriminatory practices, Abdullahi announced that the FCCPC would impose sanctions on the supermarket. He revealed that 10% of the company’s turnover from last year’s sales would be forfeited as part of the fine imposed for violating Nigerian laws and discriminating against Nigerians.

“We look at our laws see what the consequences are, and then apply the full wrath of the law. There will be fines and then 10% turnover from the company’s last year’s sales,” Abdullahi explained.

The FCCPC’s decisive action emphasizes the seriousness with which discriminatory practices are being addressed in Nigeria.

Abdullahi emphasized that such behavior would not go unpunished, stressing that “bad behaviors lead to consequences.”

Recall that the FCCPC officials shut the supermarket when they stormed the premises last Monday, April 22, 2024.  

However, the FCCPC’s Director for Surveillance and Investigation, Boladale Adeyinka, spoke about the enforcement of regulatory laws and stressed that the mission of the commission was to respond to infractions as shown in the video.

Adeyinka said: “The essence of the surveillance and investigation that we conducted today is to verify the allegations and the content of that viral video. 

“On arrival, we noticed that the supermarket which is right behind me, was sealed and padlocked externally. Inquiries have shown that yes, as this morning this supermarket was open and people were here. 

“CCTV footage also shows that in the morning, two vehicles departed from these very premises allegedly containing the owner of the supermarket, whom we have been able to identify by name and we have our contact details. 

“Now the summons, of course since she’s not around and the place is locked, is to serve notice on her to appear before the Federal Competition and Consumer Protection Commission by Wednesday 11 am Wednesday 20/24 of April 2024 by 11 am. 

“There are other regulatory tools to be deployed if she fails to attend to this summons. The summons means that on entering into these premises they must see the summon because that is how they gain access to it,” Adeyinka said.  

Related Posts

Business

Dangote Says NNPC Refineries May Never Work Again

July 11, 2025
Business

Five Banks Reach CBN Recapitalisation Target Before Deadline

July 7, 2025
Business

Petrol Marketers Refuse to Cut Prices Despite Dangote’s Reduction

July 2, 2025
Business

Nigerians Earning Below N250,000 Monthly Will Not Pay Income Tax – Oyedele

June 27, 2025
Business

Telegram CEO Durov to Share $17 Billion Fortune with 106 Children

June 20, 2025
Business

Dangote Refinery to Export First Petrol Cargo to Asia

June 19, 2025
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mondaynuggets

© 2024 MondayNuggets.

The best sites to buy Instagram followers in 2024 are easily Smmsav.com and Followersav.com. Betcasinoscript.com is Best sites Buy certified Online Casino Script. buy instagram followers buy instagram followers Online Casino

Navigate Site

  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s

Connect With Us on Social Media

No Result
View All Result
  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s

© 2024 MondayNuggets.