FCCPC drags Mikano to court over alleged obstruction of investigation


The Federal Competition and Consumer Protection Commission, FCCPC, has dragged Mikano International Limited to a Federal High Court in Abuja over alleged obstruction of investigation.

Adamu Abdullahi, the Acting Executive Vice Chairman/ Chief Executive officer, disclosed this in a statement on Wednesday.

The Commission said the criminal charge was filed on Friday, March 8 2024.

Recall that on December 16, 2022, the Federal High Court in Abuja issued an order and search warrant empowering the Commission to execute a search on multiple generator companies.

Accordingly, the Commission embarked on the investigation because of the high prioritization of the electricity power industry both from primary/substantive production and alternative power sources standpoints.

“The charges concern the target’s actions during the execution of the search warrant and thereafter the Commission considers obstruction of justice and a lawful investigation and failure to comply with lawful requests to frustrate the investigation.

“The Charges allege violations of Sections 28(5), 33, 110 and 111 of the Federal Competition & Consumer Protection Act (FCCPA), which provide and mandate companies to comply and be transparent in investigative procedures.

“The Commission is strongly committed to ensuring compliance and transparency in law enforcement. The Commission recognizes the prevailing hardship in consumers and business operations and, as such, reiterates that compliance with the law and lawful requests under the law are vital to economic and market stability and protection of consumers.

“The Commission will continue to enforce the law fairly and humanely for both consumers and businesses but will not tolerate any action that weakens the regulatory framework or encourages others to violate the law as that leads to the exploitation of consumers,” the statement reads.

Generators and other power supply sources are now in high demand for consumers due to a drop in electricity supply from the national grid in Nigeria.

The Minister of Power, Adebayo Adelabu, said power generation had dropped to barely 4,000 megawatts due to gas supply challenges

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