• Source: Federal Competition and Consumer Protection Commission

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.




History


The Commission was established by the Federal Competition and Consumer Protection Act (FCCPA) 2018. 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.
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.




Offices


The FCCPC currently has offices in the following cities:

Abuja, Federal Capital Territory
Lagos, Lagos State
Port Harcourt, Rivers State
Awka, Anambra State
Osogbo, Osun State
Minna, Niger State
Bauchi, Bauchi State
Katsina, Katsina State
Kano, Kano State




Activities


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. In the realm of consumer protection, the FCCPC has intervened in the healthcare sector to protect the rights of patients. 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. The former head of the FCCPC stated in 2024 that major tech companies should anticipate regulatory scrutiny from the Commission.




= Notable cases

=
In December 2023, the FCCPC fined British American Tobacco USD$110 million over alleged violations of competition law and national public health regulations
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




Leadership


On June 24, 2024, President Bola Tinubu approved the appointment of Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC). 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.




References






See also


"FCCPC Act". Archived from the original on 2020-09-17. Retrieved 2020-09-09.

Kata Kunci Pencarian:

• Peer-to-peer
• Federal Competition and Consumer Protection Commission
• Consumer protection
• Competition and Consumer Protection Commission
• Federal Trade Commission
• Australian Competition and Consumer Commission
• Competition and Consumer Act 2010
• Competition regulator
• Cable Television Consumer Protection and Competition Act of 1992
• Competition and Markets Authority
• Australian Consumer Law