The Lagos Zonal Office of the Federal Competition and Consumer Protection Commission (FCCPC) has resolved more than 15,000 consumer complaints received through its online platform and direct engagements with residents across the zone. The Zonal Coordinator of the commission, Dr. Olubunmi Otti, disclosed this during an interactive session with journalists at the FCCPC office in Ikeja, Lagos. Otti…
The Federal High Court in Lagos has upheld the authority of the Federal Competition and Consumer Protection Commission (FCCPC) to regulate Nigeria’s digital consumer lending sector, including airtime and data credit services. In a judgment delivered on Monday, Justice Ambrose Lewis-Allagoa dismissed a suit filed by the Wireless Application Service Providers Association of Nigeria (WASPAN), which sought to nullify the FCCPC’s Digital,…
The Federal High Court in Lagos has dismissed a suit filed by the Wireless Application Service Providers Association of Nigeria (WASPAN) challenging the Do-Not-Disturb (DEON) Regulations issued by the Federal Competition and Consumer Protection Commission (FCCPC). WASPAN had argued that the FCCPC lacked the legal authority to regulate the telecommunications sector, insisting that such powers…
The Federal Government has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate X (formerly Twitter), Meta, Alphabet, and several Generative Artificial Intelligence (AI) companies over allegations of anti-competitive practices affecting Nigeria’s media industry. The directive follows a joint petition submitted to the Presidency by the Nigerian Press Organisation (NPO), comprising the Newspaper…
The Federal Competition and Consumer Protection Commission (FCCPC) has raised concerns over the slow reduction in petrol prices across Nigeria despite the sharp decline in global crude oil prices, warning that operators found exploiting consumers could face regulatory sanctions. The commission said preliminary findings from its ongoing surveillance of the downstream petroleum market indicate that…
The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed reports claiming it approved 48 additional digital loan applications, describing the publication as false and misleading. In a statement released on its official X account on Sunday, the Commission clarified that it has not granted any new licences or approvals to digital lenders under the Digital, Electronic, Online…
A Federal High Court sitting in Ikoyi, Lagos, has reserved judgment in a suit filed by the Wireless Application Service Providers Association of Nigeria (WASPAN) challenging the legality of the Digital, Electronic, Online, and Non-traditional Consumer Lending Regulations issued by the Federal Competition and Consumer Protection Commission (FCCPC). Justice A. L. Allagoa fixed July 20,…
The Federal Competition and Consumer Protection Commission has sealed the offices of Ochacho Real Estate and TI’Bilon Construction and Facility Management Company in Abuja over alleged non-compliance with regulatory directives and failure to fulfill obligations to consumers. According to the Commission, the enforcement action followed the repeated refusal of both companies to comply with official notices directing them to hand over…
Nigeria’s consumer protection regulator has entered into a partnership with Lagos State authorities to strengthen action against unsafe products, market exploitation, and unfair trade practices in the country’s commercial hub. The Federal Competition and Consumer Protection Commission (FCCPC) and the Lagos State Consumer Protection Agency (LASCOPA) formalised the collaboration through a Memorandum of Understanding aimed…
The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned companies, legal advisers, and other stakeholders involved in corporate transactions against concluding mergers and acquisitions without first obtaining regulatory clearance, warning that violations of statutory notification requirements will attract sanctions. In a statement released on Tuesday, the competition watchdog said that any transaction meeting the…
