The Act provides for the establishment of a Competition and Consumer Protection Tribunal also known as “The Tribunal”
The Tribunal adjudicates over matters which arises from the operation of the Act. The Tribunal is also empowered to hear appeals, or review any decision from the exercise of the powers of any sector specific regulatory authority in a regulated industry in respect of competition and consumer protection matters.
The Tribunal also hear appeals or review on any sector of specific regulatory authority in regulated industry with respect to Competition and Consumer Protection matters.
The Competition and Consumer Protection Tribunal was set up by an Act of Parliament, the Federal Competition and Consumer Protection Act 2018 (Section 39) to adjudicate on matters prohibited by the same act, amongst other functions.
The Tribunal, consisting of the Chairman and six members from the six geopolitical zones of Nigeria is a court of record set up to review the decisions of the Federal Competition and Consumer Protection Commission (FCCPC) and other sector regulators on matters relating to Competition and Consumer Protection with jurisdiction all over the Federation.
The Tribunal members were nominated by The President of the Federal Republic of Nigeria, His Excellency, Mohammadu Buhari, cleared by the Nigeria Senate in December 2020 and subsequently appointed on the 24th of December 2020 for a single term of 5 years. On March 4, 2021, the Tribunal was formally inaugurated by the Honourable Minister of Industry, Trade and Investment, His Excellency, Otunba Niyi Adebayo thus completing the formalities associated with its existence.
The Tribunal adjudicates and provide remedies in respect to cases concerning Competition and Consumer Protection matters brought before it. We also act as an appellate body in matters over which the Commission has decision-making authority including intermediate mergers and exemptions. We may also impose remedies such as prohibiting a merger, imposing interim reliefs , levying administrative penalties and ordering divestitures etc. However, the decisions of the Tribunal can be appealed to the Court of Appeal.
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