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Towards A Directors’ Competition Disqualification Regime in Nigeria: Lessons from the UK
Journal of African Law ( IF 0.268 ) Pub Date : 2021-04-05 , DOI: 10.1017/s0021855321000127
Pereowei Subai, Samet Caliskan

This article argues that Nigeria should introduce a competition disqualification regime for company directors as a deliberate strategy to foster corporate compliance with the Federal Competition and Consumer Protection Act 2018. It contends that the custodial and financial sanctions provided for under the act may not sufficiently deter directors from engaging in anti-competitive behaviour. It seeks to demonstrate that the “threat” of incarceration, which would ordinarily have a strong deterrent effect, is rarely imposed, as courts tend to prefer imposing fines on directors and individuals who breach competition law. For that reason, the article proposes that Nigeria should adopt a strategy of disqualifying directors who oversee companies that breach competition law, or who are complicit in that regard, as a means of complementing existing sanctions. In order to achieve its objective, the article examines the competition disqualification regime in the UK in order to extract valuable lessons that Nigeria can emulate.



中文翻译:

尼日利亚走向董事竞争取消资格制度:英国的经验教训

本文认为,尼日利亚应引入针对公司董事的竞争取消资格制度,作为促进公司遵守《 2018年联邦竞争和消费者保护法》的一项有意策略。它认为,该法规定的拘留和财务制裁可能不足以阻止董事从事反竞争行为。它试图证明,通常会产生强烈威慑作用的监禁的“威胁”很少被施加,因为法院倾向于倾向于对违反竞争法的董事和个人处以罚款。因此,该条建议尼日利亚应采取一种取消董事资格的策略,这些董事监督违反竞争法的公司或在这方面同谋的公司,作为补充现有制裁的一种手段。为了实现其目标,本文研究了英国的竞争取消资格制度,以汲取尼日利亚可以效仿的宝贵经验。

更新日期:2021-04-05
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