The Federal Government, through the Federal Competition and Consumer Protection Commission, has fined British American Tobacco and its affiliate companies $110m.
This is for alleged infringements of the Federal Competition and Consumer Protection Act, National Tobacco Control Act, and sundry legal instruments, the FCCPC said on Wednesday in a statement.
In addition, the commission said BAT must subject itself to compliance and monitoring for a period of 24 months, mandatory public health and tobacco control advocacy, and provisions of written assurances to the commission.
“In exchange for BAT Parties fulfilling their obligations under the Consent Order, the commission withdrew pending criminal charges against BATN and at least one employee with respect to obstructing the commission by attempting to prevent execution of the search warrant and initial lack of cooperation/compliance with steps in the investigation,” the commission said.
The FCCPC said the decision followed its “active” investigation into British American Tobacco Nigeria Limited and other affiliated companies (BAT Parties) on August 28, 2020, after it received credible pieces of information and intelligence.
