Federal Competition and Consumer Protection Commission
| Agency overview | |
|---|---|
| Formed | 2018 |
| Jurisdiction | Nigeria |
| Headquarters | Maitama, FCT, Nigeria |
| Agency executive |
|
| Parent department | Federal Ministry of Industry, Trade and Investment |
| Website | http://fccpc.gov.ng/ |
The Federal Competition and Consumer Protection Commission (FCCPC) is the highest federal competition regulator in Nigeria. The FCCPC operates within the Federal Ministry of Industry, Trade and Investment and is responsible for protecting market competition and promoting consumer protection.[1]
About
[edit]The Commission was established by the Federal Competition and Consumer Protection Act (FCCPA) 2018 to, among others, develop and promote fair, efficient and competitive markets in the Nigerian economy, facilitate access by all citizens to safe products, and secure the protection of rights for all consumers in Nigeria. FCCPC currently has offices in Abuja, Lagos, Port-Harcourt, Awka, Osogbo, Minna, Bauchi, Katsina and Kano.[2]
In 2020, the FCCPC signed a "memorandum of understanding" with the U.S. Federal Trade Commission (FTC), pledging international cooperation in the realm of consumer protection efforts.[3]
Activities
[edit]Given the significance of the petroleum industry in Nigeria, one of the primary tasks of the FCCPC has been to rein in anti-competitive conduct in the natural gas market.[4] In the realm of consumer protection, the FCCPC has intervened in the healthcare sector to protect the rights of patients.[5] The Commission in fulfilment of its statutory mandate deploys several regulatory tools to monitor and modify behaviour of service providers and manufacturers. Some key areas of operation include complaint resolution, surveillance and enforcement, consumer education, as well as research and strategy.[6]
Notable cases
[edit]- In December 2023, the FCCPC fined British American Tobacco USD$110 million over alleged violations of competition law and national public health regulations[7]
- In July 2024, the FCCPC fined Facebook parent company Meta Platforms USD$220 million for alleged violations of Nigerian data privacy and consumer protection laws[8]
Leadership
[edit]On June 24, 2024, President Bola Tinubu approved the appointment of Mr. Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC). Mr. Bello is a lawyer, administrator, and renowned journalist. The President expects that the new Chief Executive Officer of this important agency will ensure the holistic realization of the Commission’s mandate of protecting and promoting the interest and welfare of Nigerian consumers, and ensuring the adoption of measures to guarantee the safety and quality of goods and services.[9]
References
[edit]- ^ Dickson (psybug), Tonye. "Federal Competition and Consumer Protection Commission". Federal Competition and Consumer Protection Commission. Retrieved 2020-09-09.
- ^ "Review of the guidelines issued by the FCCPC". Businessday NG. 2020-02-27. Retrieved 2020-09-09.
- ^ "FTC Signs Updated Memorandum of Understanding with Nigerian Consumer Protection and Criminal Enforcement Authorities". Federal Trade Commission. 2020-10-29. Retrieved 2021-10-02.
- ^ Amuchie, Kizito (29 September 2021). "FCCPC tasks oil marketers on anti-competitive conducts – SundiataPost". Retrieved 2021-10-03.
- ^ Alu, Kingsley (2021-09-24). "Patients Bill Of Rights: FCCPC Engages Doctors Over Implementation". Leadership News - Nigeria News, Breaking News, Politics and more. Retrieved 2021-10-03.
- ^ https://web.archive.org/web/20200727060430/http://fccpc.gov.ng/about/what-we-do/
- ^ Dzirutwe, Macdonald (2023-12-27). "Nigerian competition watchdog fines British American Tobacco $110 mln". Reuters. Retrieved 2024-07-20.
- ^ Bala-Gbogbo, Elisha; Dzirutwe, MacDonald (2024-07-19). "Nigeria fines Meta $220 million for violating consumer, data laws". Reuters. Retrieved 2024-07-20.
- ^ https://statehouse.gov.ng/news/president-tinubu-appoints-new-chief-executive-officer-executive-vice-chairman-of-fccpc/#:~:text=Olatunji%20Bello%20as%20the%20new,%2C%20administrator%2C%20and%20renowned%20journalist.
See also
[edit]- "FCCPC Act". Archived from the original on 2020-09-17. Retrieved 2020-09-09.
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