Akinyogbon Ojo - Federal Competition & Consumer Protection Commission

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GUIDELINES FOR SALES PROMOTION REGISTRATION / MONITORING

‘Sales promotion’ means a marketing strategy, tool or devise, that involves presenting a range of direct or indirect benefits in exchange for exercising a choice or decision and or making a purchase of a service, goods or other products to the exclusion or in preference to another while the promotion subsists or any other relevant period within which it is reasonable to conclude that the decision made the consumer/decision maker or purchaser was or could have been motivated by the presentation.

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Civil Society / Consumer Protection Alliances

As a matter of operation of law, consumer protection is a vital and joint responsibility on many levels. Because it is a crucial centre-piece of business, and a primary and critical role of government, it is not uncommon that there is dual, or multiple regulation and regulators. This duplication or multiplicity is not a conflict, nor is it unintended. On the contrary, it is an overlap. Regulatory overlap is a deliberate and common design to ensure complete coverage and protection which is paramount in consumer protection.

As such, by law, several sector regulators also have statutory responsibilities to protect consumers in their sectors. Although the Federal Competition and Consumer Protection Commission (FCCPC) has overall oversight over protecting consumers across all sectors, the concurrent regulatory jurisdiction and approach in the laws seeks to improve protection outcomes by fostering collaboration.

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FCCPA 2018

The Federal Competition and Consumer Protection Act, 2018 ("FCCPA") is the main statute governing consumer protection and competition regulation in Nigeria. The FCCPA established the Federal Competition and Consumer Protection Commission (“FCCPC”) and the Competition and Consumer Protection Tribunal ("CCPT") for the development and promotion of fair, efficient and competitive markets in the Nigerian economy to facilitate access by all citizens to safe products and secure the protection of rights for all consumers in Nigeria; and for related matters.

regulations

The FCCPA empowers the Commission to make Regulations and issue Guidelines and Notices for the effective implementation and operation of the Act. To this end, the Commission has published the following regulations and guidelines, which provide a regulatory framework on different aspects of competition and consumer protection. These include regulations and guidelines for the notification and review of mergers; administration and imposition of administrative penalties, and other relevant matters.

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The Status of Registration of Fintech/Digital Companies with FCCPC on the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending 2022

August 4, 2023

An official website of the Nigerian Government

Federal Competition & Consumer Protection Commission

An official website of the Nigerian Government

Federal Competition & Consumer Protection Commission

Home » About us » People » Management Team » Akinyogbon Ojo

Akinyogbon Ojo is an Ag. Director, Finance & Accounts at the Federal Competition and Consumer Protection Commission (FCCPC). He is a Chartered Accountant, tax practitioner, and an accomplished leasing practitioner.

In April 2022, the Institute of Chartered Accountants of Nigeria conferred on Akinyogbon Ojo the esteemed ICAN Fellowship, a prestigious honour bearing the institution's distinctive mark. Similarly, the European-American University conferred on him an Honorary Doctorate of the University in recognition of his exceptional contributions to the realms of science, public finance and management.

Akin graduated from Ondo State Polytechnic, Owo with an upper credit in Accounting and holds a Master of Business Administration (Financial Management) from Lagos State University.

He started his working career with the Equipment Leasing Association of Nigeria (ELAN) as an Accounts/Admin Officer in 1998 and rose to the position of Head, Accounts/Admin before he left the service of the Association in January 2009. While in ELAN, he also served as Accounts/ Admin Officer, Credit Control Officer, Head of Logistics and Operations. He participated and was actively involved in organising trainings, workshops, and conferences for the Association, and was a key member of the team that developed a membership and personnel management system for the Association.

Akin was conferred with the meritorious service award of the Association in October 2008 along with other deserving staff.
Between January 2009 and December 2010, he was in the employment of Flexi Lease Limited as the pioneer Head of Finance /Admin with responsibilities for financial control, general administration, clients’ credit analysis, lease portfolio management, credit control, etc. He equally served on the credit/ investment and budget committee of the company.

He joined the service of Sovereign Assets and Leasing Limited, a leasing and an assets management company in January 2011, as the Head of Operations. While in Sovereign Assets and Leasing Limited, he oversaw the company’s leasing and financial operations and was a member of a credit and investment committee of the company.

In furtherance of his career in the Nigerian leasing industry, he had a short stint in the employment of Opticom Leasing Company Limited as the Head, Leasing Operation between December 1, 2014 and March 2015. Though his stay in the company was short, he contributed immensely to its growth. as new innovations were introduced into the leasing operations and other activities of the company. He was a member of the company's Risk Management and Budget Committee.

His quest for additional knowledge and higher responsibilities led him to resign his appointment from the company and join the service of the erstwhile Consumer Protection Council (CPC) as an Assistant Director (Account). CPC was a parastatal under the Federal Ministry of Industry, Trade and Investment, and transmuted into the Federal Competition and Consumer Protection Commission (FCCPC) in 2019.

He has a wide experience in lease financing, financial control, general administration, asset management, treasury and stock market operations, training and manpower development, financial advisory services and several others.

He is a seasoned manpower development and training facilitator with over 20 years experience, and has trained more than 1000 people in equipment leasing and asset financing, accounts and administrative procedures, public sector policies and procedures, strategy, and management of large, medium and small businesses.

He is a member of ELAN training faculty and has considerable knowledge of the Nigerian leasing industry.

A prolific writer and commentator with many write ups in national dailies since 1987. He is a guest columnist in the authoritative equipment leasing magazine in Nigeria (Leasing Today).

Akin is a fellow of the Chartered Institute of Taxation Of Nigeria (CITN), an Associate member of the Institute of Chartered Accountants of Nigeria (ICAN), the Certified Pension Institute of Nigeria (CIPN) and an individual member of the Equipment Leasing Association of Nigeria (ELAN).