Economy
Government To Arraign MultiChoice Chairman, MD, 6 Others For Allegedly Breaching FCCP Act October 7
Government To Arraign MultiChoice Chairman, MD, 6 Others For Allegedly Breaching FCCP Act October 7
Government to arraign MultiChoice Chairman, MD, 6 others for allegedly breaching FCCP Act October 7. The FCCPC summoned MultiChoice Nigeria Limited to provide explanations regarding the March 1 price review of its packages.
The federal government will on October 7 arraign the Chairman of MultiChoice Nigeria Limited, Adewunmi Ogunsanya and the Managing Director/Chief Executive Officer of the company, John Ugbe, over allegations bordering on breach of the Federal Competition and Consumer Protection Act, 2018.
Justice James Omotosho fixed the date on Tuesday after counsel to the Federal Competition and Consumer Protection Commission, Chizenum Nsitem, made the application due to the absence of the defendants in court.
Others to be arraigned alongside the duo are six top officers of the pay-Tv company, including Fhulufhelo Badugela, CEO of MultiChoice Africa Holdings; Retiel Tromp, Chief Financial Officer, Africa; and Keabetswe Modimoeng, Group Executive for Corporate Affairs.
They also include a director, Adebusola Bello; Fuad Ogunsanya; Gozie Onumonu, who is the Head of Regulatory Affairs and Government Relations; and the company itself.
When the matter was called on Tuesday, none of the defendants were in court due to improper service of the court documents, including the hearing notice, on them.
The prosecuting agency’s lawyer then sought an adjournment to enable them to do the needful and the judge adjourned the matter until October 7 for the defendants to take their plea.
In the charge marked FHC/ABJ/CR/197/2025 dated May 26 but filed May 26, the defendants are being preferred with seven counts.
While MultiChoice Nigeria Limited is the 1st defendant, Mr Ogunsanya, Mr Ugbe, Mr Badugela, Mr Tromp, Mr Modimoeng, Mr Bello, Fuad Ogunsanya and Mr Onumonu are 2nd to 9th defendants, respectively.
In count one, Multichoice Nigeria Limited was alleged to have on March 6 at No 23, Jimmy Carter Street, Asokoro, Abuja, without sufficient reason, failed to appear before the FCCPC in compliance with a lawful summons issued on February 25, “and thereby committed an offence contrary to and punishable under Section 33 (3) of the FCCP Act, 2018.”
In count six, Mr Ogunsanya, Mr Ugbe and others, being directors of the company, were alleged to have on March 6 “caused MultiChoice Nigeria Limited to impede investigation of the FCCPC by refusing to produce documents and thereby committed an offence contrary to and punishable under Section 110 of the FCCP Act, 2018.”
MultiChoice, the operator of DStv and Gotv, had recently increased the subscription rates on its packages against an invitation by FCCPC to explain why the company wanted to effect a price hike.
Mr Omotosho on May 8 dismissed the suit filed by MultiChoice seeking to stop FCCPC from taking administrative action against the company.
The judge in a judgement held that the suit was an abuse of court process, having been filed after a similar suit was filed on the issue by a lawyer, Festus Onifade, with Multichoice and FCCPC as parties in the suit.
The FCCPC summoned MultiChoice Nigeria Limited to provide explanations regarding the March 1 price review of its packages.

Government To Arraign MultiChoice Chairman
The commission directed the company’s chief executive officer to appear for an investigative hearing on February 27, raising concerns over frequent price hikes, potential market dominance abuse and anti-competitive practices within the pay-TV industry.
The FCCPC also issued a stern warning, stating that failure to justify the price adjustment or comply with fair market principles would lead to regulatory sanctions.
However, in the suit filed by MultiChoice’s legal team, the company sought an order of injunction restraining the regulatory commission and its officers from carrying out the threat against it, as communicated via a letter dated March 3.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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