The Federal Government said that British American Tobacco, Nigeria Limited and its connected organizations will pay a $110 million penalty for infringements.
The Federal Competition and Consumer Protection Commission announced this in a statement shared on its X page on Wednesday, following the Commission’s lengthy infringement against BAT and its associated organizations.
For BAT Parties to complete their duties under the Consent Order, the Commission withdrew outstanding criminal charges against BATN and at least one employee for attempting to impede an inquiry.
Remember that the Commission launched an active inquiry into British American Tobacco Nigeria Limited and other associated entities (BAT Parties) on August 28, 2020.
After receiving credible information on BAT’s infringement, the FCCPC obtained an Order and Warrant from the Federal High Court.
On January 25, 2021, the Commission conducted simultaneous and contemporaneous searches and seizures at the locations of various BAT Parties and a service provider.