FCCPC Files Charges Against MultiChoice Nigeria for Violating Price Hike Directives

Date:

The Federal Competition and Consumer Protection Commission (FCCPC) has filed charges against MultiChoice Nigeria Limited and its CEO, John Ugbe, for allegedly violating regulatory directives and obstructing an ongoing inquiry related to a recent price hike.

Thank you for reading this post, don't forget to subscribe!

The charges, filed at the Federal High Court in Lagos, include three counts: intentionally implementing a price increase that goes against the FCCPC’s directive, disregarding an order to suspend the hike, and misleading the Commission by proceeding with the increase despite clear instructions to the contrary. These actions violate sections of the Federal Competition and Consumer Protection Act (FCCPA) 2018.

The price increase, announced by MultiChoice on February 24, 2025, for its DStv and GOtv subscription packages, was scheduled to take effect on March 1, 2025. The announcement came nearly a year after a similar price hike and triggered significant public backlash, prompting intervention from the FCCPC.

On February 27, 2025, the FCCPC directed MultiChoice to suspend the price hike pending an investigation into the proposed increase. However, the Commission alleges that MultiChoice disregarded this directive and implemented the price hike, thus violating FCCPC regulations and demonstrating a pattern of conduct that undermines consumer rights and fair competition.

The FCCPC has warned that, in addition to the current legal actions, it is reviewing further enforcement measures, including potential penalties and regulatory interventions, to ensure accountability. The Commission reaffirmed its commitment to protecting Nigerian consumers from exploitative business practices and ensuring that market leaders comply with fair competition and legal standards.

Adeniyi Ogunfowoke, The Naija247news
Adeniyi Ogunfowoke, The Naija247newshttps://naija247news.com/
**Senior Correspondent Profile: Adeniyi Ogunfowoke** Adeniyi Ogunfowoke is a seasoned Senior Correspondent at Naija247news.com, bringing a wealth of journalistic expertise to the dynamic landscape of news reporting. With an extensive background in the field, Adeniyi has consistently demonstrated a commitment to delivering insightful and compelling stories to Naija247news.com's diverse readership. **Professional Background:** Adeniyi Ogunfowoke has amassed a wealth of experience in journalism, having covered a myriad of beats over the years. His versatile reporting style reflects a deep understanding of socio-economic issues, politics, and global affairs, providing Naija247news.com readers with a comprehensive perspective on current events. **Areas of Expertise:** As a Senior Correspondent, Adeniyi specializes in investigative reporting, offering in-depth analyses that go beyond the surface of news stories. His keen eye for detail and ability to connect the dots in complex narratives make him an invaluable asset to Naija247news.com. **Notable Achievements:** Throughout his career, Adeniyi Ogunfowoke has received recognition for his outstanding contributions to journalism. His bylines have become synonymous with well-researched, informative, and thought-provoking articles that resonate with a broad audience. **Commitment to Excellence:** Adeniyi's commitment to journalistic integrity is evident in his dedication to delivering accurate and timely news. His work reflects the core values of Naija247news.com, emphasizing credibility, transparency, and a commitment to keeping the public well-informed. **Engagement and Impact:** In the digital era, Adeniyi understands the importance of engaging with readers. His articles not only inform but also spark conversations, fostering a sense of community and dialogue among Naija247news.com's audience. **Future Endeavors:** As a Senior Correspondent, Adeniyi Ogunfowoke continues to set high standards for journalistic excellence. His future endeavors include exploring emerging trends in media, staying ahead of the news curve, and contributing to Naija247news.com's ongoing success as a trusted source of information. Follow Adeniyi Ogunfowoke's insightful reporting on Naija247news.com for a nuanced understanding of current affairs, backed by experience, dedication, and a passion for uncovering the untold stories.

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

“Trump Slaps Massive Fees on Chinese-Made Ships to ‘End Dominance,’ Risking Global Trade Fallout!”

In a dramatic escalation of the U.S.-China trade standoff,...

Lagos Woman Dies After Alleged Negligence at LASUTH, Family Claims

Lagos, April 18, 2025 (Naija247news) – Margaret Mowalola Akinduntire,...