WorldStage Newsonline– The British American Tobacco (BAT) has responded to the $110 million fine leveled on the company by the Federal Competition and Consumer Protection Commission (FCCPC) saying it remains committed to operating in compliance with Nigerian laws.
Mrs Odiri Erewa-Meggison, the External Affairs Director, British American Tobacco West and Central Africa in a statement stated that the company had previously disclosed the investigation mentioned by the FCCPC in its 2022 annual report.
Erewa-Meggison added that the development was most recently contained in its Half-Year Report for the six months ended June 30, 2023.
“The FCCPC had in December 2022, entered into a consent order, terminating the mentioned investigation and associated proceedings.
“British American Tobacco (Nigeria) Ltd and British American Tobacco Marketing (Nigeria) Ltd 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,” she said.
