• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, September 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

FCCPC fines British American coy $110m over violation of tobacco law

FCCPC

The Matters Press by The Matters Press
December 28, 2023
Reading Time: 2 mins read
0
Tobacco company reaffirms commitment to diversity, equity

Abuja, Dec. 28, 2023: The Federal Competition and Consumer Protection Commission (FCCPC) has slammed a fine of $110 million on British American Tobacco (BAT) Nigeria and affiliate companies for multiple violation of the FCCP Act and others.

RELATED POSTS

‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF

‎IMF, IFC commendation for Nigeria’s economic recovery, evidence of success of Tinubu’s economic reforms – TDF

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

A statement by the management of the commission in Abuja on Wednesday, said the companies also infringed on the National Tobacco Control Act and sundry legal instruments.
The commission said the amount was agreed after a mutual engagement between the Commission and BAT parties under the FCCPC’s Cooperation/Assistance Rules & Procedure (CARP), 2021.

FCCPC said its Cooperation/Assistance Framework (CAF) provided for benefits such as possible reduced monetary penalties and waiver of the application of the Commission’s Administrative Penalties Regulations 2020, among others.

The Commission said the BAT parties’ would also be subject to a compliance and monitoring under the supervision of the FCCPC for 24 months to ensure appropriate behavioral and business practices.

FCCPC said that a mandatory public health and tobacco control advocacy would be done by the companies in a manner compliant with tobacco control legislation and regulations as part of the agreement.

”BAT parties shall provide written assurances to the Commission pursuant to Section 153 of the FCCPA as required.

”In exchange for BAT parties fulfilling their obligations under the Consent Order, the Commission withdrew pending criminal charges against BATN and
one employee for attempting to prevent execution of the search warrant and initial lack of cooperation/compliance with steps in the investigation.

”The Commission on August 28, 2020, opened an active investigation with respect to British American Tobacco Nigeria Limited and other affiliated companies (BAT Parties).

”The commencement of the investigation was based on the Commission’s satisfaction that a series of credible pieces of information and intelligence were actionable enough for broader and deeper inquiry.

”Upon satisfying the Federal High Court that there was probable cause and sufficient evidence to exercise advanced statutory regulatory/investigatory tools, the court issued an Order and Warrant of Search and Seizure.

”The Commission on Jan. 25, 2021 executed simultaneous and contemporaneous searches and seizures at multiple BAT parties locations and a location of a service provider.

”The Commission gathered, received and procured substantial evidence from forensic analysis of electronic communications and other information/data obtained during the search, as well as other evidence procured during, and after the search from other legitimate sources.

”Additional investigation, including proffers, hearings, transcripts of sworn testimonies, and continuing analysis of evidence established and supported multiple violations of the FCCPA and other enactments,” the Commission said.

The Commission reiterated its commitment to its mandate to promote and ensure fair markets and protect consumer interests.

According to it, the outcome of the investigation demonstrates that commitment and the Commission’s desire as well as will to enforce the law and hold businesses accountable; even when it takes complex, painstaking and protracted investigations.

Tags: FCCPC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria targets $1.2bn export capacity for every state
Economy/Technology

‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF

September 2, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎IMF, IFC commendation for Nigeria’s economic recovery, evidence of success of Tinubu’s economic reforms – TDF

September 2, 2025
Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Next Post
NERC declares meters free under mass scheme

Can Nigeria finally fix power sector in 2024 to boost economy?

Soludo dares IPOB

Soludo signs the 2024 budget into law

Recommended Stories

$27.3bn lost to salinity-induced soil degradation annually–SSSN

More fertiliser plants curb activities of middlemen – FEPSAN

April 2, 2022
Senate probes $3.5b with NNPC

Senate unveils 19 more ministerial nominees

August 3, 2023
Nigeria’s N225bn bonds oversubscribed

DMO offers December savings bonds

December 5, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF
  • ‎IMF, IFC commendation for Nigeria’s economic recovery, evidence of success of Tinubu’s economic reforms – TDF
  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us