The Federal Competition and Consumer Protection (FCCPC) has accused Meta, the parent company of Facebook and Instagram, of blackmail after threatening to suspend its operations in Nigeria to avoid paying a $290 million fine. In a statement on Sunday, the FCCPC’s director of corporate affairs, Ondaje Ijagwu, described the company’s threat as a calculated move to induce a negative public …

The competition and consumer protection tribunal has upheld the $220 million fine imposed on Meta Platforms Incorporated by the Federal Competition and Consumer Protection Commission (FCCPC). In a statement on Friday by Ondaje Ijagwu, the agency’s director for corporate affairs, FCCPC said the tribunal also awarded $35,000 to the commission as the cost of investigation. On 19 July, 2024, FCCPC …

The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to justify its proposed subscription price increase, set to take effect on 1 March. MultiChoice’s summon is contained in a statement by FCCPC’s spokesperson, Ondaje Ijagwu, in Abuja on Tuesday. Ijagwu said the commission had directed the chief executive officer (CEO) of MultiChoice Nigeria to attend an investigative …

The woman looked askance as she was told the latest prices of the food items she had come to the market to buy. ‘Everything too cost’, she moaned. Another woman haggling with the next seller interjected: ‘Nor be say dem too cost; na every day dem price too dey go up’. ‘Every day, ke? Na every minute’, the seller herself …

Blessed are the peacemakers: for they shall be called the children of God – Matthew 5:9 Dogs eating dogs and birds gnawing at each other’s innards is one way to describe the war of words between the Minister of Aviation, Festus Keyamo, and the Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), Tunji Bello. Both are …

The Federal Competition and Consumer Protection Commission (FCCPC), has warned Air Peace against obstructing the ongoing inquiry into alleged exploitative ticket pricing and other potential violations of consumers’ rights. This is according to a statement on Sunday by the Commission’s Director, Corporate Affairs, Ondaje Ijagwu. The FCCPC’s inquiry into the airline was prompted by a surge of complaints from passengers …

The Federal Competition and Consumer Protection Commission has sounded the alarm on a ‘cartel’ manipulating market prices nationwide, inflating costs for goods and services despite government stabilisation efforts. Addressing stakeholders during a one-day engagement on exploitative pricing in Uyo, Akwa Ibom State, FCCPC Chief Executive Officer, Mr. Tunji Bello, revealed that the commission’s investigations in major cities have uncovered troubling …

There is an oxymoron in the way we govern ourselves in this clime. While statecraft (the skillful management of state affairs) is noble and has helped many purpose-driven nations to excel, we tend to drift toward sophistry (the use of fallacious arguments especially with the intention to deceive) in the management of state affairs in Nigeria. It did not start …

The Nigerian Employers’ Consultative Association (NECA) has expressed concerns over the Federal Competition and Consumer Protection Commission’s (FCCPC) recent focus on pricing regulations, suggesting that the commission’s actions might inadvertently harm the economy, if broader issues affecting market dynamics are ignored. Featuring on a Television Continental business programme, ‘Business Nigeria’, NECA’s Director General, Mr. Adewale Oyerinde expressed displeasure with the …

The Federal Competition and Consumer Protection Commission (FCCPC) has described Meta’s threat to exit the country in response to the $220 million fine as a move to influence public opinion and coerce the commission into reevaluating its decision. It affirmed that the ruling to fine Meta Platforms Inc., the parent company of WhatsApp, Facebook, and Instagram, followed legitimate concerns about …