The Federal Competition and Consumer Protection Commission, (FCCPC), has withdrawn its criminal case against MultiChoice Nigeria Limited and its top executives, after both parties reportedly reached an amicable settlement. Recall that the FCCPC and MultiChoice have been at odds for months since the pay-TV operator hiked the pricing of its DStv and GOtv services in March. The FCCPC then summoned the company to explain the rationale for the increases and submit supporting papers, after which it said MultiChoice failed to comply. Viewing this as a violation of the FCCPC Act’s…
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Alleged FCCP Act breach: FG to arraign MultiChoice chairman, MD, others
The Federal Government will, on Oct. 7, arraign the Chairman of MultiChoice Nigeria Limited, Adewunmi Ogunsanya and the Managing Director/Chief Executive Officer of the company John Ugbe, over allegations bordering on breach of Federal Competition and Consumer Protection Act, 2018. Justice James Omotosho fixed the date yesterday, after counsel to the Federal Competition and Consumer Protection Commission (FCCPC), Chizenum Nsitem made the application due to the absence of the defendants in court. Others to be arraigned alongside the duo are six top officers of the pay-Tv company, including CEO of…
Read MoreFCCPC hails court ruling on MultiChoice price probe
The Federal Competition and Consumer Protection Commission, (FCCPC), has welcomed the Federal High Court’s ruling affirming its authority to investigate alleged exploitative practices by MultiChoice Nigeria Limited. Recall that MultiChoice had filed a suit seeking to restrain the FCCPC from investigating its recent price increases for DStv and GOtv services. In a statement issued yesterday in Abuja, signed by the Director of Corporate Affairs, Ondaje Ijagwu, the commission quoted its Executive Vice-Chairman, Tunji Bello, who described the ruling as a victory for the rule of law. Bello said the judgment…
Read MoreFG gives traders one month deadline to crash prices of goods nationwide
The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has issued a one-month ultimatum to traders and market stakeholders to slash prices of goods and services nationwide. Executive Vice-Chairman of the Commission, Tunji Bello, made the announcement at a stakeholders’ engagement in Abuja, warning that enforcement actions will follow after the moratorium. Bello cited examples of exorbitant pricing, including a fruit blender priced at $89 in the US but sold for N944,999 in Lagos. According to him, such practices threaten the economy and urged stakeholders to cooperate,…
Read MoreConsumer Protection Regulation:? “Endure Tinubu’s economic hardship” – FCCPC tells Nigerians
The Federal Competition and Consumer Protection Commission, (FCCPC), has advised Nigerians to exercise patience regarding the increase in food prices across the nation due to President Bola Tinubu’s harsh economic policies. According to the FCCPC, Tinubu’s administration was appropriately addressing the problem. The FCCPC’s Acting Executive vice-chairman, Adamu Ahmed-Abdullahi, gave the assurance during an interactive session with traders yesterday, at Dawanau and Galadima Markets in Kano. He said the market visit was to interact with traders to ascertain factors responsible for the continuous hike in food prices. Hesaidd, “The hike…
Read MoreFCCPC reveals those behind incessant increase in commodity prices
The Federal Competition and Consumer Protection Commission, (FCCPC), has blamed wholesalers and retailers for the incessant increase in the prices of commodities. The South-South Zonal Coordinator of FCCPC, Sir. Uchegbu Chukwuma, disclosed this to newsmen shortly after the nationwide food market inquiries by the Commission in Port-Harcourt, Rivers State on Wednesday. According to him, the FCCPC surveillance efforts suggest participants in the food chain and distribution sector, including wholesalers and retailers are allegedly engaged in conspiracy, price-gouging, hoarding and other unfair tactics to restrict competition in the market. He said…
Read MoreFCCPC shuts Chinese supermarket over alleged discrimination against Nigerians
The Federal Competition and Consumer and Protection Commission, (FCCPC), has shut the Abuja-based Chinese supermarket situated at the China General Chamber of Commerce. The supermarket, situated at the China General Chamber of Commerce, along Umaru Musa Yar’Adua Road in Abuja, is acclaimed as a destination for Chinese cuisine and beverages. Recall that Nigerians at the weekend voiced their outrage over a discriminatory policy enforced by a Chinese Supermarket, which allowed entry only to Chinese citizens and denied Nigerians access. Upon a visit to the supermarket by newsmen to verify the…
Read More‘Stopping prepaid meters customers from buying unlimited energy is illegal’ – FCCPC to DisCos
The Federal Competition and Consumer Protection Commission (FCCPC) has stated that distribution companies’ customers have the right to vend energy if they want to. The notice from the FCCPC came as a result of the vending constraints experienced by customers in the franchise area of Ikeja Electricity Distribution Company (IKEDC), Customers were unable to purchase electricity tokens or units for prepaid meters. The FCCPC says it is actively working with the Nigerian Electricity Regulatory Commission (NERC) and IKEDC to address these complaints and resolve any issues with vending or purchasing…
Read More“It’s not customers’ responsibility to purchase, replace, repair transformers” – FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) says residents should leave the purchase, repair or replacement of electricity equipment to the distribution companies, (DisCos). The Commission, in an statement on its social media handles on Sunday, said consumers are not expected to be involved in the purchase, repair or replacement of transformers, poles or other associated electricity equipment, unless where necessary. The agency said it is the responsibility of DisCos to ensure that damaged transformers are replaced within 48 hours after being notified, adding that in situations where residents…
Read MoreElectricity, Banking, Aviation top 2021 Consumer Complaint Chart – FCCPC
The Federal Competition and Consumer Protection Commission, FCCPC, has said that electricity has again topped its 2021 consumer related complaints chart just like in 2020 stating that its joint committee tackling violation of consumer rights in the money lending industry will shut down illegal businesses at the commencement of its enforcement. Chief executive officer of the Commission, Babatunde Irukera, said banking related complaints were second on the chart. He explained that aviation and telecommunication related complaints followed the chart, adding that the commission received and completed the processes of no fewer than 32,000 consumer related complaints…
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