In response to recent reports regarding the Federal Competition and Consumer Protection Commission (FCCPC) decision, British American Tobacco Nigeria (BATN) wishes to clarify its position as follows:
BAT previously disclosed the investigation mentioned by the Nigerian Federal Competition and Consumer Protection Commission (FCCPC) in its year-end 2022 Annual Report and most recently in our Half-Year Report for the six months to 30 June 2023.
In December 2022, the FCCPC entered into a consent order, terminating the mentioned investigation and associated proceedings. British American Tobacco (Nigeria) Limited and British American Tobacco Marketing (Nigeria) Limited have made payments to settle the penalty.
BAT Nigeria acknowledges the mentioned monitorship and awareness campaigns and has cooperated fully with the FCCPC’s appointed service providers. BAT remains committed to operating in compliance with the laws of Nigeria.