FEDERAL COMPETITION AND CONSUMER PROTECTION ACT

Section 73: Consequences of abuse of a dominant position

2018Section 73 of 168Federal Republic of Nigeria

(1) Where the Commission finds that an undertaking has abused or is abusing its dominant position in a market, the Commission shall prepare a report indicating the practices that constitutes the abuse and shall-
(a) notify the undertaking of its findings accompanied by a copy of the report ; and
(b) direct the undertaking to immediately cease the abusive practice
(2) The provisions of this section shall not apply to exclusive dealing arrangements or market restrictions between or among affiliated or
interconnected undertakings.
(3) An undertaking that abuses its dominant position in a market commits an offence under this Act and is liable on conviction to a fine of not less than 10% of its turnover in the preceding business year or such higher percentage as the court may determine under the circumstances of the particular case.

Cite this section

Section 73, FEDERAL COMPETITION AND CONSUMER PROTECTION ACT (2018).

https://repo.podus.ai/laws/federal-competition-and-consumer-protection-act/section/73/