Section 111 Federal Competition and Consumer Protection Act 2018

Section 111 of the Federal Competition and Consumer Protection Act 2018 is about Offence against records. It is under Part XIV (Specific Offences Against Competition) of the Act.

(1) An undertaking that –
(a) refuses to produce any document or supply any information when required to do so by the Commission under this Act,
(b) destroys or alters any document or causes a document to be destroyed or altered, or
(d) intentionally withholds the production of a document within his possession or control, commits an offence under this Act.

(2) An undertaking that commits an offence under subsection (1), where the undertaking is a –
(a) natural person, is liable on conviction to imprisonment for a term not exceeding three years, or to payment of a fine not exceeding N10,000,000.00 or to both the fine and imprisonment;

(b) body corporate, is liable on conviction to a fine not exceeding 10% of its turnover in the preceding business year; and

(c) body corporate referred to in paragraph (b), each director of the body corporate is liable to be proceeded against and on conviction dealt with as specified in paragraph (a).