In Landmark Ruling, Court Affirms FCCPC's Regulatory Authority in All Sectors of Economy Says NCC lacks exclusive competition regulation in telecom sector Declares both regulators share concurrent jurisdiction, consumer rights agency hails judgement
James Emejo in Abuja
In a major boost to its regulatory authority, the Federal High
Court in Lagos, on February 7, affirmed the statutory mandate of the Federal Competition and Consumer Protection Commission
(FCCPC) to regulate competition and consumer protection across all sectors of the economy, including telecommunications.
The judgement consolidated the commission's mandate as the primary authority responsible for preventing anti-competition practices
and protecting consumers in the country, in line with Sections 17 and 18 of the Federal Competition and Consumer Protection Act (FCCPA)
2018. The case brought before Justice
Namibia's 'Founding Father’ Sam Nujoma, Dies at 95 ... Page 5
Continued on page 5
Monday, Monday, February January10, 6, 2025 Vol 29. 30. No 10865. 10900. Price: N400
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Tinubu, Macron, World Leaders, Pay Tributes to Herbert Wigwe on First Anniversary Ceremony
Sunday Ehigiator
REMEMBERING HERBERT WIGWE, WIFE AND SON...
L-R: Group Managing Director/Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna; Lagos State Governor, Babajide Sanwo-Olu; Prime Minister of Barbados, Mia Mottley; Chairman, Access Holdings Plc, Aigboje Aig-Imoukhuede; his wife Ofovwe; daughters of late Herbert Wigwe, Tochi, Hannah, his son, David, during the first year remembrance of Wigwe, his wife, Doreen, and son, Chizi, held in Lagos ... yesterday SUNDAY ADIGUN
President Bola Tinubu, French President Emmanuel Macron, and Barbadian Prime Minister Mia Mottley were among prominent world leaders who paid tributes to the co-founder Continued on page 5
NECA, MAN, Saraki Fault Customs’ Fresh 4% Levy, NPA's 15% Hike in Port Charges Employers’ association says it's NCS’ desperate attempt to meet N10tn target Argues levy will impose additional N2.84tn in costs MAN kicks against port authority's increase in fees
Emmanuel Addeh in Abuja and Dike Onwuamaeze in Lagos There was a groundswell of opposition to the introduction of a fresh 4 per cent administrative charge on Free-on-Board (FOB) value of imports by the Nigeria Customs Service (NCS) as well as the proposed 15 per cent increase in port charges by the Nigerian Ports Authority (NPA) at the weekend. The Nigeria Employers’ Consultative Association (NECA), Manufacturers Association of Nigeria (MAN) and a former Senate President, Bukola Saraki, in separate reactions to the new policies, agreed that they were ill-timed and therefore called for a halt to their implementation. NECA described the introduction of the 4 per cent levy by the NCS as a desperate attempt by to meet its N10 trillion revenue target contained in the Continued on page 5
SIGNING CEREMONY OF IFC INVESTMENT AT LAGOS FREE ZONE...
L-R: Principal Country Director, International Finance Corporation(IFC), Christian Mulamula; Regional Director, Central Africa and Anglophone West Africa, IFC, Dahlia Khalifa; Regional Vice President, Africa, IFC, Sergio Pimenta; Chief Executive, Tolaram, Haresh Aswani; Managing Director/Chief Executive Officer, Lagos Free Zone(LFZ), Adesuwa Ladoja and Director, Finance and Operations, LFZ, Ashish Khemka during the official signing ceremony of IFC Investment in Lagos Free Zone held in Lagos on Friday