The Federal Competition and Consumer Protection Commission (FCCPC) has summoned the Chief Executive Officer (CEO) of MultiChoice Nigeria to explain te company’s proposed subscription price increase set to take off on March 1
Exercising its mandate under sections 32 and 33 of the FCCPA, the Federal Government agency directed the company’s CEO to attend an investigative hearing at the commission’s headquarters tomorrow in Abuja.
In a statement by its Director of Corporate Affairs, Ondaje Ijagwu, FCCPC said: “This action follows MultiChoice’s formal notification of the price adjustment, which raises concerns about recurrent unilateral price hikes, potential market dominance abuse, and perceived anti-competitive practices in the pay-TV industry.
“The FCCPC is deeply concerned that Nigerian consumers continue to face frequent price increases amid accusations that MultiChoice applies different pricing strategies in other markets, heightening questions about fairness and market abuse.”
The commission added that should MultiChoice fail to provide satisfactory explanations or be found in violation of fair market principles, it would impose regulatory penalties, sanctions, or other corrective measures to protect Nigerian consumers.
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