PRESIDENT Muhammadu Buhari has assented to the Federal Competition and Consumer Protection Act, 2019. This was disclosed in a statement issued in Abuja on Wednesday by Senator Ita Enang, Presidential Liaison to the National Assembly (Senate). It explained that the Act establishes the Federal Competition and Consumer Protection Commission as well as the Consumer Protection Tribunal to try violations. This law repeals the Consumer Protection Council Act and sections 118 – 128 of the Investment and Securities Act. This Act has accordingly, upon Assent been remitted to the National Assembly/Appropriate Authorities as the law of the Federation.

Source: Nigerian Tribune February 06, 2019 18:22 UTC