Business News

All products in Abuja Chinese supermarket sold in yuan, not naira  – FCCPC  

The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, has confirmed that the troubled Abuja Chinese supermarket, sealed for discriminating against Nigerians, had all its products priced in Chinese yuan instead of naira. 

Abdullahi made this disclosure in a recent interview with Channels TV in Abuja published on the agency’s YouTube channel on Sunday.  

Recall that the commission had sealed the Abuja-based Chinese supermarket located within the China General Chamber of Commerce following accusations of discriminatory practices against Nigerians. 

Reacting to the development, the CEO of FCCPC said one of the discoveries made in the supermarket by officials is that all pricing was done in yen, thus violating the law of Nigeria. 

He also noted that the allegations of discrimination were also confirmed as the owners did not allow residents in the estate who are Nigerians entry into the supermarket. 

Speaking further, the FCCPC boss said there will be consequences for such discriminatory practices against Nigerians.  

He said the commission would not only sanction the supermarket but would also ensure that 10% of the turnover from the company’s sales last year would be forfeited as part of the fine imposed on it.  

According to him, bad behaviour such as discrimination leads to consequences, and the commission will ensure that they apply “the full wrath of the law.” 

On Monday, FCCPC sealed the Abuja-based Chinese supermarket located within the China General Chamber of Commerce in Abuja. 

The development followed allegations of discriminatory practices against Nigerians. 

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

Boladale Adeyinka, FCCPC’s Director for Surveillance and Investigation, speaking while on enforcement exercise at the premises of the supermarket located at Royal Estate in Abuja on Monday,  said the mission of the commission was in response to the viral video.