Federal Competition And Consumer Protection Bill

Overview

The Bill applies to all businesses and all commercial activities within, or having effect within Nigeria and extends to undertakings in which the Federal, State or Local Government or any of their agencies have a controlling stake.

Highlights

Establishment of the Commission and Tribunal

The Bill establishes a Federal Competition and Consumer Protection Commission ("Competition Commission") to administer the Act and a Tribunal to handle issues and disputes arising from the operations of the Act.

Anti-Competition

The Bill prohibits agreements made to restrain competition such as agreements for price fixing, price rigging, collusive tendering etc. (with specific exemptions for collective bargaining agreements, employment, etc.).