FEDERAL COMPETITION AND CONSUMER PROTECTION ACT

Section 150: Compliance notice

2018Section 150 of 168Federal Republic of Nigeria

(1) The Commission may issue a compliance notice in the prescribed form to an undertaking or association of undertakings whom the Commission on reasonable grounds believes has engaged in prohibited conduct, provided that before issuing a notice to a member of a regulated industry, the Commission shall consult the industry sector regulator that issued a licence to that regulated entity.
(2) A compliance notice shall set out -
(a) the undertaking or association of undertakings to whorn the notice applies;
(b) the provisions of this Act that have not been complied with;
(c) details of the nature and extent of the non-compliance;
(d) steps that are required to be taken and the period within wiich those steps shall be taken; and
(e) the penalty that may be imposed under this Act if those steps are not taken
(3) A compliance notice issued pursuant under this section remains in force until it is set aside by a court, or until the Commission issues a compliance certificate upon being satisfied that there has been sufficient compliance with the compliance notice.
(4) If an undertaking or association of undertakings to whom a compliance notice has been issued fails to compy with the notice, the Commission shall -
(a) shut down or close any premises from which the notice continues to be breached until the breach or non-compliance is remedied;
(b) impose the appropriate administrative fine: or
(c) refer the matter to a court of competent jurisdicfion for prosecution.

Cite this section

Section 150, FEDERAL COMPETITION AND CONSUMER PROTECTION ACT (2018).

https://repo.podus.ai/laws/federal-competition-and-consumer-protection-act/section/150/