The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that an Abuja-based Chinese Supermarket labeled all its products in Yen, which goes against Nigerian law and constitutes a violation of regulations.
The acting Executive Vice Chairman of the commission, Adamu Abdullahi, in an interview with Channels TV, seen on Sunday, April 28, stated that the commission is still considering appropriate sanctions to be meted out against the owner of the supermarket, Liu Bei, sealed for not allowing Nigerians to shop at the facility.
According to him, “Yes, she came to the FCCPC in time and we went to the supermarket with her, she opened it up, we went inside, and the discoveries were just enormous. The Chinese embassy and Chamber of Commerce were there represented.
“And all the products were labelled in Yen and that is the only currency they accept. That is against the law in Nigeria. We don’t sell products in foreign currency. Everything sold in Nigeria should be in Nigerian currency.
“And then the issue of discrimination that they only allow Chinese into the supermarket has been confirmed and we have now instructed that she must put up a notice in front of that shop that says everybody can go into the supermarket and shop.
“Also the issue of Yen and the display of prices. We are discussing with her to put things right.
“At the same time, we are also discussing sanctions because a wrong has been done and bad behaviours lead to consequences.
“So we would look at our law and find out what those consequences are and apply the full wrath of the law.”