The Federal Competition and Consumer Protection Commission (FCCPC) has warned companies and investors to fully comply with merger and acquisition laws before sealing any deals.
In a notice posted on its official X page, the commission said all qualifying transactions must be reported and approved in advance under the law.
FCCPC stressed it can approve, block, or place conditions on deals to protect fair competition and prevent market dominance.
It warned that failure to notify the agency is illegal and may attract sanctions.
The commission also advised firms to engage early for guidance to avoid delays and ensure smooth approvals.
Leave a comment