Nigeria: ‘We have Paid,’ British American Tobacco Speaks On $110m Govt Nice

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The British American Tobacco Nigeria (BATN) has formally reacted to the latest $110m superb imposed on it by the Federal Authorities by way of the Federal Competitors and Shopper Safety Fee (FCCPC).

The FCCPC had in an announcement launched on Wednesday, December 27, 2023, disclosed that the Fee on August 28, 2020, opened an energetic investigation of BATN and its associates for which it “gathered, obtained and procured substantial proof from forensic evaluation of digital communication and different info/knowledge.”

The FCCPC said that its sanctions have been decided after cautious evaluation of the proof, new articulation submissions from BAT Events, and correspondence.

Part of the investigation’s verdict learn as follows: “That BAT Events shall pay a penalty of $110,000,000 below and pursuant to Part 155 of the FCCPA, Clause 11 of the Federal Competitors and Shopper Safety Fee’s Administrative Penalties Rules, 2020 and Clause 4.2 of the Federal Competitors and Shopper Safety Fee’s Investigative Cooperation/Help Guidelines and Procedures, 2021.”

However BATN in an announcement yesterday cleared the air on the sanction, disclosing that the fee had since been made.

The assertion made accessible final night time mentioned, “BAT beforehand disclosed the investigation talked about by the Nigerian Federal Competitors and Shopper Safety Fee (FCCPC) in its year-end 2022 Annual Report and most just lately in our Half-12 months Report for the six months to 30 June 2023.

“In December 2022, the FCCPC entered right into a consent order, terminating the talked about investigation and related proceedings. British American Tobacco (Nigeria) Restricted and British American Tobacco Advertising (Nigeria) Restricted have made funds to settle the penalty.

“BAT Nigeria acknowledges the talked about monitorship and consciousness campaigns and has cooperated absolutely with the FCCPC’s appointed service suppliers.

“BAT stays dedicated to working in compliance with the legal guidelines of Nigeria.”



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