OrderPaperToday- The Senate has rescinded the Federal Competition and Consumer Protection bill in a bid to work on certain issues observed in the bill.
The bill was passed by the National assembly in December 2017 and sent to the Clerk of the National Assembly for onward transmission to President Muhammadu Buhari.
Upon critical examination of the Bill, however, the Directorate of Legal Services of the National Assembly indicated there were clauses that needed fresh legislative action.
The clauses affected are: 2(3), 4(1)(2)(3), 5((1)(2)(3), 6(1)(2)(3), 7, 8, 9(1)(2)(3)(4), 10(2)(b), 19(1)(2)(4), 25(1)(2)(5), 26, 27(4), 40(1)(a), and 94(1).
Others are 96(5)(7), 100(1)(2)(3), 105(4)(5)(7)(8), 165(1), 167(1) and Second Schedule (4).
The Senate leader, Ahmed Lawan, presented the motion to rework and recommit the bill to the Committee of the Whole for reconsideration and passage without amendment, in accordance with Order 1(b) and 53(6) of the Senate Standing Order.
Lawan indicated that a technical committee of the Senate, House of Representatives and Directorate of Legal Services met and worked on the clauses.
Thereafter, the Deputy Senate President, Ike Ekweremadu directed the Clerk to pay particular attention and reflect the amendments accordingly.
The provision of the bill establishes the Federal Competition and Consumer Protection Commission as well as the Competition and Consumer Protection Tribunal. It also eliminates monopolies at all levels of the Nigerian market, prohibits abuse of dominant market position and penalises restrictive trade and business practices.
The bill further provides for the removal or elimination of hazardous goods and services from the market and ensures their replacement with safer and more appropriate alternatives. It also intends to reduce the risks and injuries which may occur from the consumption of certain consumer items and services.