FEDERAL COMPETITION AND CONSUMER PROTECTION ACT

Section 85: Timeframe for a report on a monopoly investigation

2018Section 85 of 168Federal Republic of Nigeria

(1) Upon the commencement of a monopoly investigation under this Part, the Commission shall specify a period within which the Commission is to report on the monopoly investigation.
(2) Where a report of the Cornmission is not made before the end of the period specified by the Commission under subsection (1) or if one or more extended periods allowed for rnaking the report under subsection (3) is not
met before the end of that extended period or of the last of those extended periods, as the case may be, the investigation shall cease to have effect and no action or, if action has already been taken, no further action shall be taken in relation to the investigation.
(3) Where a monopoly investigation cuts across the sphere of responsibilities of more than one Minister and the period of reporting on an
investigation has already been extended once or more than once under any direction issued under this subsection, a joint directive of all the Ministers concerned may be issued allowing the Commission such extended period to report on thc reference as may be specified in the direction.

Cite this section

Section 85, FEDERAL COMPETITION AND CONSUMER PROTECTION ACT (2018).

https://repo.podus.ai/laws/federal-competition-and-consumer-protection-act/section/85/