Cartels Laws And Regulations 2023

1. Overview of the law and enforcement regime relating to cartels

The Federal Competition and Consumer Protection Act 2018 ("FCCPA" or "the Act") is the primary legislation that governs and protects the rights of consumers and competition in Nigeria. The FCCPA established the Federal Competition and Consumer Protection Commission ("FCCPC" or "the Commission"). The Commission replaced the Consumer Protection Council, which was created under the Consumer Protection Council Act ("CPC Act"); the CPC Act was also repealed by the FCCPA. The function of the Commission includes, amongst others:

1. protecting and promoting consumers' interest and welfare by providing consumers with a wider variety of quality products at competitive prices; and