The Federal Competition and Consumer Protection Commission (FCCPC) has fined British American Tobacco (Nigeria) Limited (BATN), British American Tobacco Marketing (Nigeria) Limited (BATMN), British American Tobacco Plc, and British American Tobacco Holdings Limited (all together referred to as BAT Parties) a sum of $110 million for infringement of the national tobacco control law. The statement further explained that “the Commission, on August 28, 2020, opened an active investigation with respect to British American Tobacco Nigeria Limited and other affiliated companies (BAT Parties). “Upon satisfying the Federal High Court that there was probable cause and sufficient evidence to exercise advanced statutory regulatory and investigatory tools, the court issued an order and warrant of search and seizure. “Additional investigation, including proffers, hearings, transcripts of sworn testimonies, and continuing analysis of evidence, established and supported multiple violations of the FCCPA and other enactments. “During the investigation and in furtherance of mutual engagements between the Commission and BAT Parties, BAT Parties in writing sought, and the Commission accepted BAT Parties into cooperation under the Commission’s Cooperation/Assistance Rules & Procedure, 2021 (CARP).

Source: Nigerian Tribune December 27, 2023 17:12 UTC