Fixed penalties are set fines applied to specific consumer protection offenses. They allow for quick and efficient enforcement without the need for lengthy court proceedings. This approach helps ensure timely accountability and supports a fair marketplace.
The penalties under the Consumer Protection Act, 2023 range from $750 to $2,000, depending on the nature and magnitude of the offense, and are designed to promote compliance with the laws governing fair business practices in the Federation.
Offence |
Section |
Fixed Penalty |
Duties of Suppliers |
Part VII
|
$750 applied to All sections EXCEPT Section 87 which is $1,000 |
Unfair Trade Practices |
Part VIII
|
$1,500 applied to all sections EXCEPT Section 125 which is $750
|
Consumer Safety |
Part IX
|
$2,000 applied to all sections |
“no refund” signs |
Part XIII
|
$750 |