The Federal Competition and Consumer Protection Commission (FCCPC) has recommended that MultiChoice, a satellite pay TV company, delay its proposed subscription price increase and continue with the current pricing until the commission has completed its investigations.
In a statement made yesterday in Abuja by Ondaje Ijagwu, the Director of Corporate Affairs, the FCCPC noted that this recommendation followed MultiChoice Nigeria’s request for an extension regarding its forthcoming appearance before the commission.
While the FCCPC has granted the request, the company is now required to attend the rescheduled investigative hearing on March 6 along with all relevant officers to provide a comprehensive response.
Pursuant to this, MultiChoice is expressly instructed to maintain the existing price structure as of February 27, pending the commission’s review and final determination on the matter.
FCCPC noted that maintaining the status quo on pricing is essential to prevent any potential consumer harm during this period.
Further updates, according to the commission, will be provided as the investigation progresses.