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Consumer Protection Council Act No. 66
(enacted in 1992)
The Consumer Protection Council Act No. 66 creates a mechanism for consumers in Nigeria to file complaints and enables the Consumer Protection Council to provide redress when it determines that a violation has taken place. While the act does not specifically include financial institutions, there is no indication that these institutions are excluded from regulation under the act.
Relevant provisions of the act cover:
- Establishment of Consumer Protection Council, including powers, governance, and funding;
- Establishment of a State Committee to assist the Consumer Protection Council;
- Investigations of consumer complaints, including inspections;
- Duties of manufacturers; and
- False advertising.