Nigeria: Adopted FCCPC Investigative Cooperation/Assistance Rules and Procedures 2021, outlining the process for candidates to cooperate with the FCCPC

Description

Adopted FCCPC Investigative Cooperation/Assistance Rules and Procedures 2021, outlining the process for candidates to cooperate with the FCCPC

On 3 April 2022, the Federal Competition and Consumer Protection Commission (FCCPC) issued the Investigative Cooperation/Assistance Rules & Procedures 2021. The rules and procedures apply to candidates, including undertakings, corporate bodies, organisations, groups, or associations, and individuals. These rules outline the process for candidates to cooperate with the FCCPC during investigations into prohibited conduct or practices. Candidates entering into cooperation/assistance agreements with the Commission may receive benefits such as reduced monetary penalties, protection from director disqualification proceedings, or immunity from prosecution. The rules mandate that candidates acknowledge responsibility, provide full disclosure of relevant information, cease prohibited conduct, and cooperate continuously throughout the investigation. The Commission assesses various factors, including the timing and extent of cooperation, to determine the benefits. Confidentiality and anonymity are maintained, with the identity and information provided by the candidates protected, except where disclosure is required by law or agreed upon.

Original source

Scope

Policy Area
Competition
Policy Instrument
Anti-competitive agreements regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2022-04-03
adopted

On 3 April 2022, the Federal Competition and Consumer Protection Commission (FCCPC) issued the Inve…

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