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BATN Makes $110m Fine, Restates Commitment to Comply with Nigeria’s Laws

BATN Makes $110m Fine, Restates Commitment to Comply with Nigeria’s Laws

British American Tobacco Nigeria (BATN) has reaffirmed its commitment to adhering to Nigeria’s laws after making payments to settle the $110 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC). The company clarified that it has complied with the penalty and emphasized its dedication to operating in accordance with Nigerian laws.

BATN made this clarification yesterday in a public statement titled: ‘BATN’s Response to the FCCPC Fine’.

The statement reads: “In response to recent reports regarding the FCCPC decision, British American Tobacco Nigeria (BATN) wishes to clarify its position as follows:

“BATN previously disclosed the investigation mentioned by the 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.”

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