The Federal Competition & Consumer Protection Commission, FCCPC has revealed that all the products in the Abuja-based Chinese Supermarket were labelled in Yen. Yen is the Chinese official currency.
The discovery was made public by acting Executive Vice Chairman of the Commission, Adamu Abdullahi. He stated this during an interview with Channels TV on Sunday.
According to the Vice Chairman, the Chinese supermarket policy is against the law in Nigeria. And this is a violation of Nigerian law.
FCCPC, however, said it is still considering appropriate sanctions to be meted out against the owner of the supermarket, Liu Bei.
Recall that the owner of the Chinese Supermarket was accused of not allowing Nigerians to shop at the facility.
Abdullahi added that the owner has also been mandated to post an open-to-all-customers notice.
He said, “Yes, she came to the Commission in time and we went to the supermarket with her. She opened the facility and the discoveries were just enormous.
The Chinese embassy and Chamber of Commerce were also present during the discovery.
“We discovered that 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 Naira.
“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 the supermarket. The notice will read that 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 them.
“There is a fine of N10m and then 10 per cent of last year’s turnover for the company. But we are still looking at the issues,” he said.
source: VANGUARD
