The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja has dismissed the Application filed by Multichoice Nigeria Limited seeking Stay of Execution on the Tribunal’s administrative penalty of Twenty-five million naira only given in its Judgement of 8th September 2022.
The penalty was issued after Multichoice Nigeria Limited was deemed guilty of contempt for violating the Tribunal order to maintain status quo on the proposed increase of prices of its products planned from 1st of April 2022.
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.
But the company was alleged to have gone ahead with the price increase on DStv and Gotv subscriptions.
According to the notice of the order signed by Media Officer of the Tribunal, Ayotomiwa Ayodele the three-man panel consisting Rt. Hon. Thomas Okosun (presiding), Mrs Sola Salako Ajulo and Mr Ibrahim El-Yakubu dismissed the application filed the company as it failed to meet the requisite conditions.
The tribunal also ordered Multichoice Nigeria to immediately pay the administrative penalty into an escrow account pending the hearing and determination of the Appeal at the Court of Appeal.
