Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Friday, September 5
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Nigeria’s FCCPC launches investigation into MTN Nigeria over consumer complaints
    MTN CEO Karl Toriola
    MTN CEO Karl Toriola

    Nigeria’s FCCPC launches investigation into MTN Nigeria over consumer complaints

    0
    By Tapiwa Matthew Mutisi on December 5, 2024 Africa, Business, News, Nigeria, Technology, Telecoms

    The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has initiated an investigation into the telecommunications giant MTN Nigeria following numerous consumer complaints regarding poor service quality.

    In a statement released this week, the FCCPC announced that the investigation would be conducted from December 3 to December 5. During this period, MTN Nigeria is required to provide information to assist the FCCPC in addressing and resolving these issues.

    FCCPC’s press release stated;

    MTN will be required to appear before the Commission on designated days to provide information and responses to enable the Commission to make determinations and resolve pending issues promptly.

    The FCCPC reiterated its commitment to protecting consumer rights and ensuring fair market practices. The investigation is being carried out under the Federal Competition and Consumer Protection Act, which empowers the commission to examine actions that violate consumer rights and disrupt market fairness.

    MTN Nigeria has been facing ongoing service outages and a decline in internet connection quality, which have hindered customers’ online activities. The company reported a significant loss of $313 million in the first half of 2024, attributed to foreign exchange losses caused by high inflation and the depreciation of the naira.

    Additionally, MTN claims it is owed $150 million by Nigerian banks for USSD services, which has affected its ability to maintain its network. MTN CEO Karl Toriola has called for an urgent adjustment in data pricing, warning that without this change, the company may be forced to cease operations.

    There should be no delusion; if the tariff doesn’t go up, we will shut down.

    Karl Toriola, MTN CEO

    As part of the investigation, the FCCPC plans to question Toriola about ongoing concerns related to MTN’s data services, including alleged unexplained data depletion and inadequate customer care. The FCCPC has also encouraged consumers to report instances of poor service and unethical practices through its official channels.

    MTN Nigeria secures ₦75 billion in oversubscribed commercial paper issuance

    Related

    Africa Business FCCPC Federal Competition and Consumer Protection Commission MTN Nigeria nigeria Technology Telecommunication industry telecoms
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Africa’s Business Heroes announces 2025 Top 20 finalists for US$1.5 million prize

    MTN opens talks with Telkom over potential acquisition deal

    Meta revives the classic Facebook “Poke” feature in a bid to reconnect with younger users

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.