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FCCPC Endorses CBN’s 48-Hour Refund Policy for Failed ATM Transactions

The Federal Competition and Consumer Protection Commission (FCCPC) has endorsed the Central Bank of Nigeria’s (CBN) draft guidelines mandating banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. In a statement issued in Abuja on Monday, the FCCPC’s Director of Corporate Affairs, Mr Ondaje Ijagwu, said the proposed guideline followed […]

Court Adjourns MTN CEO’s Arraignment to 30 October

The Federal High Court in Abuja has adjourned the arraignment of Mr. Karl Toriola, Chief Executive Officer of MTN Nigeria Communications Plc, and three others, until 30 October. Toriola, along with MTN Nigeria, Tobechukwu Okigbo (Chief Corporate Services and Sustainability Officer), and Ikenna Ikeme (General Manager, Regulatory Affairs), is facing a two-count charge filed by […]

FCCPC Issues New Rules to Curb Loan App Abuses, Set ₦100m Penalties

The Federal Competition and Consumer Protection Commission (FCCPC) has introduced new regulations to curb harassment, data breaches and other unethical practices by digital lenders in Nigeria. The announcement was made in Abuja on Wednesday through a statement signed by the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, quoting the Commission’s Executive Vice Chairman/Chief Executive Officer, […]

FCCPC to Arraign MultiChoice Executives October 7

The Federal Competition and Consumer Protection Commission (FCCPC) has secured 7 October 2025 as the date for arraignment of the Chairman of MultiChoice Nigeria, Adewunmi Ogunsanya, and the company’s Managing Director, John Ugbe, for alleged breaches of the FCCP Act, 2018. Justice James Omotosho fixed the date following a request for adjournment by FCCPC counsel, […]

Can Nigeria Regulate Pay-TV Prices? Judge Says Only the President Can

Justice James Omotosho of the Federal High Court, Abuja, has dismissed a suit filed by MultiChoice Nigeria, owners of DStv and GOtv, challenging the Federal Competition and Consumer Protection Commission’s (FCCPC) opposition to its recent subscription price hike. The judge emphasised that although the FCCPC has powers to investigate anti-competitive and anti-consumer practices, it cannot […]

Nigerian Regulator Sues MultiChoice for Ignoring Directives on Price Hike

The Federal Competition and Consumer Protection Commission (FCCPC) has initiated legal proceedings against MultiChoice Nigeria Limited and its Chief Executive Officer, John Ugbe, over alleged violations of regulatory directives and obstruction of an ongoing inquiry. The commission has accused the defendants of engaging in conduct that breaches provisions of the Federal Competition and Consumer Protection […]

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