The Federal Competition and Consumer Protection Commission (FCCPC) has actually knocked a $110m fine on British American Tobacco (Nigeria) as an outcome of its offense of the Federal Competition and Consumer Protection Act, National Tobacco Control Act and sundry legal instruments.
The fine was included in a declaration released the other day by the FCCPC, which was signed by the management of the commission.
The commission had on August 28, 2020, opened an active examination with regard to British American Tobacco Nigeria Limited and other associated business (BAT Parties).
The beginning of the examination was based upon the commission’s complete satisfaction that a series of reliable pieces of details and intelligence were actionable enough for wider and much deeper questions with regard to specific conduct, for, by and on behalf of BAT Parties.
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Upon pleasing the Federal High Court that there was likely cause and adequate proof to work out sophisticated statutory regulatory/investigatory tools, the court provided an order and warrant of search and seizure.
The commission stated it likewise collected, got and obtained significant proof from forensic analysis of electronic interactions and other information/data acquired throughout the search, along with other proof acquired throughout, and after the search from other genuine sources.
The commission closed the examination by the commission’s and BAT Parties’ shared execution of a Consent Order and Notice with both celebrations concurring that BAT Parties will pay a charge of $110,000,000 under and pursuant to Sections 155 of the FCCPA, Clause 11 of the FCCPC Administrative Penalties Regulations, 2020 and Clause 4.2 of the FCCPC Investigative Cooperation/Assistance Rules and Procedures, 2021.
“That BAT Parties’ will go through compliance and tracking under the guidance of the Commission for a duration of 24 months to make sure suitable behavioural and organization practices adjustment to be more constant with compliance with dominating competitors laws/regulations; and tobacco control efforts”.