Overview

The Federal Competition and Consumer Protection Act, 2018 is a comprehensive legislation enacted by the Federal Republic of Nigeria to establish the Federal Competition and Consumer Protection Commission (FCCPC) and the Competition and Consumer Protection Tribunal. The Act aims to promote competition in the Nigerian market, protect consumers from unfair practices, and enhance economic efficiency. It outlines the objectives, scope, and application of the Act, establishes the Commission with specified composition, tenure, and powers, and provides for enforcement mechanisms, including warrants, information requests, and penalties. The Act also prohibits restrictive agreements that restrain competition, such as price-fixing and exclusionary provisions, while allowing authorized agreements. It sets up the Tribunal to adjudicate disputes, impose penalties, and order asset sales, with appeals to the Court of Appeal. The document details funding, staff regulations, and procedural rules for both the Commission and Tribunal.

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