Connect with us

    Hi, what are you looking for?

    Broadcasting

    Consumer Protection Tribunal Dismissed Multichoice Stay of Execution Application

    Multichoice

    The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Monday dismissed the application by Multichoice Nigeria Limited seeking Stay of Execution on the Tribunal’s administrative penalty of N25million given in its Judgement of Sept. 8.

    A statement by Ayotomiwa Ayodele, Communications Officer of CCPT, said Multichoice Nigeria Limited was found in Contempt of the Tribunal for violating its March 30 Exparte Order.

    The tribunal had instructed the company to maintain status quo on the proposed increase of prices of its products planned to commence on April 1.

    Read Also: MTN to Invest Over N65 million in Nigerian Startups Through Grants

    The Applicant represented by its Counsel, Jamiu Agoro Esq, filed an application for Stay of Execution of the Judgement pending its Appeal against it for want of jurisdiction.

    Upon hearing the argument from the Applicant, the three-man panel consisting Rt. Hon. Thomas Okosun Presiding, Mrs Sola Salako-Ajulo and Mr Ibrahim El-Yakubu, dismissed the application.

    The panel said that Multichoice failed to meet the requisite conditions to grant same and ordered the Applicant to immediately pay the administrative penalty into an escrow account to be furnished by the Acting Registrar of the Tribunal.

    This action was taken pending the hearing and determination of the Appeal at the Court of Appeal.(NAN)

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published.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

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    Tech

    Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), has said Nigeria’s collaboration with the Japan International Cooperation Agency (JICA) is...