RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Tribunal Fines Multichoice Nigeria N150 Million, Orders Free Subscriptions

Akpan Edidong by Akpan Edidong
June 7, 2024
in Business, Economy
Reading Time: 2 mins read
A A
0
MultiChoice Nigeria announces price increase for DStv and GOtv packages .
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Competition and Consumer Protection Tribunal has imposed a N150 million fine on Multichoice Nigeria, the parent company of DSTV and GOtv, for violating its directive to halt subscription fee hikes pending the resolution of an ongoing legal case.

In addition to the financial penalty, the tribunal has mandated that Multichoice provide its Nigerian subscribers with one month of free access to DSTV and GOtv services. This decision stems from a lawsuit initiated by Abuja-based lawyer Festus Onifade, who argued that the eight-day notice Multichoice provided for the price increase was insufficient.

AlsoRead

Dangote Refinery Cuts Petrol Gantry Price to N1,200 per Litre Amid Global Oil Uncertainty

Federal High Court Nullifies CBN’s Dissolution of Union Bank Board, Orders Immediate Reinstatement

CBN Lowers Yields on Two Tenors at March 25 Treasury Bills Auction Amid Liquidity Glut

Background and Legal Proceedings

The tribunal had previously issued an order preventing Multichoice from raising its subscription fees without adequate notice. Despite this, Multichoice proceeded with the planned price hikes, prompting Onifade to file contempt charges against the company’s Abuja branch manager, Mr. Mohammed Sani, on May 7.

Onifade requested that the tribunal impose a significant financial penalty on Multichoice for its deliberate non-compliance with the court order. He sought a sum of N1 billion or an amount deemed appropriate by the tribunal, arguing that Multichoice’s actions constituted a clear contravention of the interim order issued on April 29.

Tribunal’s Decision

The tribunal’s notice, marked CCPT/OP/02/2024 and dated May 7, warned Sani of the consequences of disregarding its order. The notice explicitly stated that Multichoice must refrain from implementing the proposed tariff increases until the tribunal had reached a decision on the motion filed by Onifade.

In response, Multichoice contended that previous court rulings had already addressed issues related to price regulation. However, the tribunal upheld its jurisdiction and determined that the insufficient notice period was a critical issue that warranted enforcement of its initial directive.

Future Proceedings

The tribunal has scheduled a hearing for the substantive case brought by Onifade for July 3. This session will further examine the legal arguments surrounding the adequacy of notice and Multichoice’s compliance with regulatory directives.

This ruling highlights the ongoing tension between regulatory authorities and service providers over consumer rights and corporate compliance in Nigeria’s dynamic pay-TV market. The outcome of the July 3 hearing will be closely watched by both industry stakeholders and subscribers alike.

 

Previous Post

Multichoice Faces $190.5 Million Forex Loss from Nigerian Operations in 2024

Next Post

Federal Government Ban on LPG Exports Lowers Cooking Gas Prices To N900\KG

Related News

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Cuts Petrol Gantry Price to N1,200 per Litre Amid Global Oil Uncertainty

by Akpan Edidong
March 27, 2026
0

Dangote Petroleum Refinery & Petrochemicals has lowered its ex-depot (gantry) price for Premium Motor Spirit (petrol) to N1,200 per litre,...

Union Bank Completes Delisting Procedure from NGX

Federal High Court Nullifies CBN’s Dissolution of Union Bank Board, Orders Immediate Reinstatement

by Stephen Akudike
March 26, 2026
0

A Federal High Court in Lagos has nullified the Central Bank of Nigeria’s (CBN) decision to dissolve the board and...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Lowers Yields on Two Tenors at March 25 Treasury Bills Auction Amid Liquidity Glut

by Stephen Akudike
March 26, 2026
0

The Central Bank of Nigeria (CBN) reduced interest rates on two key maturities at its Treasury Bills auction held on...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Market Cap Drops Below N129 Trillion as Profit-Taking Weighs on Banking Stocks

by Stephen Akudike
March 26, 2026
0

The Nigerian Exchange Limited (NGX) reversed its recent upward momentum on Wednesday, March 25, 2026, as sustained profit-taking in major...

Next Post
Rising Cooking Gas Prices Hit N12,500 on Nigeria’s Independence Week

Federal Government Ban on LPG Exports Lowers Cooking Gas Prices To N900\KG

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services

March 27, 2026
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Cuts Petrol Gantry Price to N1,200 per Litre Amid Global Oil Uncertainty

March 27, 2026

Popular Story

  • NEC Affirms CBN $3 Billion Loan for Naira Stability

    CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Sudden Chaos Strikes Binance as Banking Partners Slam the Door on USD Transactions.

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Cuts Petrol Gantry Price to N1,200 per Litre Amid Global Oil Uncertainty

    0 shares
    Share 0 Tweet 0
  • Naira Hits Seven-Week Low, Trading at N1480/$1 in the Black Market

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>