On Wednesday, December 5, 2018, the Senate of the Federal Republic of Nigeria announced its reconsideration and passage of the Federal Competition and Consumer Protection Bill 2018 (the "Bill"). A similar bill was passed in 2017 but was not granted Presidential assent following some observations by the Presidency of the Federal Republic of Nigeria. The Bill is due to be presented to the Presidency for assent or veto. This briefing note provides summaries and remarks on the key provisions of the Bill as revised.1
|A. Features of the Bill:|
|Short Title:||Federal Competition and Consumer Protection Act 2017.|
|Long Title:||A Bill for an Act to repeal the Consumer Protection Act, CAP C25, LFN 20042; establish the Federal Competition and Consumer Protection Commission and the Competition and Consumer Protection Tribunal for the development and promotion of fair, efficient and competitive markets in the Nigerian economy, facilitate access by all citizens to safe products, secure the protection of rights for all consumers in Nigeria and other related matters.|
|No. of Sections:||169|
|Sponsor:||Name:||Rt. Hon. Yakubu Dogara|
|Constituency:||Bogoro/Dass/Tafawa Balewa Federal Constituency, Bauchi State|
|Political Party:||All Progressives Congress|
1. As at press time, we were yet to obtain a copy of the Bill in the manner in which it is to be transmitted to the Presidency as we worked with the report of the text of the approved and passed recommendation of the Committee of the National Assembly that was saddled with the responsibility of the revision of the Bill.
2. The "Act".
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