THE Federal Competition and Consumer Protection Commission (FCCPC) has hailed the Competition and Consumer Protection Tribunal for its judgment in the appeal filed by Meta Platforms Incorporated (Facebook) and WhatsApp LLC. This is contained in a statement by the FCCPC Director, Corporate Affairs, Mr Ondaje Ijagwu, on Friday in Abuja. …
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THE Federal Competition and Consumer Protection Commission (FCCPC), has raided and sealed some shops at Utako market for selling re-bagged and under-weight bags of rice. Sealing the shops in Abuja on Tuesday, Mrs Boladale Adeyinka, the Director, Surveillance and Investigations Department of FCCPC, said the raid followed an intelligence gathered …
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THE Federal High Court in Abuja has scheduled May 8 for a ruling in the case initiated by MultiChoice Nigeria Limited against the Federal Competition and Consumer Protection Commission (FCCPC). Newsextra24 reports that Justice James Omotosho set the date after attorneys representing both sides presented and debated their written submissions regarding the case. …
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THE Federal High Court sitting in Abuja has slated May 28 for the Federal Competition and Consumer Protection Commission, FCCPC, to arraign the Managing Director and Chief Executive Officer, MD/CEO, of MTN Nigeria Communications PLC, Mr Karl Toriola, on a two-count charge. Others listed as 1st to 4th defendants in …
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THE Federal Competition and Consumer Protection Commission (FCCPC) says it has engaged banks and its stakeholders to foster dialogue for a fairer financial landscape. The Commission on its official X handle on Friday, said the engagement was as part of its sector by sector roundtable compliance drive. FCCPC said the …
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THE Federal Competition and Consumer Protection Commission (FCCPC) has urged the Competition and Consumer Protection Tribunal to dismiss Coca-Cola Nigeria Limited’s (CCNL) amended appeal against the N186,666,666.67 penalty imposed for its labelling and marketing practices, among other issues. This was revealed in the Commission’s written reply to the amended appeal, …
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THE Federal Competition and Consumer Protection Commission has insisted that it is investigating Air Peace for allegedly exploiting customers. FCCPC disclosed this in a statement by its spokesperson, Ondaje Ijagwu, on Thursday. The Commission was clarifying reports making the round that it is not investigating Air Peace. However, the FCCPC …
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By Kunle Sanni THE Federal Competition and Consumer Protection Commission (FCCPC) has exposed how cartels in Nigeria’s poultry and packaging sectors are artificially inflating prices through market manipulation. FCCPC’s Executive Vice-Chairman and CEO, Tunji Bello, shared these findings on Wednesday during a stakeholders’ meeting in Uyo, Akwa Ibom State. In …
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THE Federal Competition and Consumer Protection Commission (FCCPC) has warned Nigerian banks against incessant online service disruption. Tunji Bello, the Executive Vice Chairman/Chief Executive Officer of the Commission, issued the warning in a statement on Tuesday. The warning comes amid increased cases of online service disruption across Nigerian banks …
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THE Federal Competition and Consumer Protection Commission has given a one-month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods. The newly appointed Executive Vice Chairman of the FCCPC, Mr Tunji Bello, said this at a one-day stakeholders engagement on exploitative pricing …
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