Minister, Federal Ministry of Industry Trade and Investment Otunba Niyi Adebayo and members of the Tribunal. Photo. Ifeoma Nwovu/Radio Nigeria. The Minister, Federal Ministry of Industry Trade and Investment, Otunba Niyi Adebayo says the Competition and Consumer Protection Tribunal (CCPT) will reposition Nigeria’s investment destination for economic growth. Otunba Niyi stated this at the unveiling […]
Abuja, July 13, 2023 (NAN) The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Thursday imposed a fine of N120 million against Stanbic-IBTC Bank over the bank’s failure to complete a transfer request for a customer. In a split decision of two to one, the tribunal convicted the bank for contravening the provisions […]
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Thursday, July 13, 2023, has fined Stanbic IBTC Bank the sum of 120 million Naira for contravening Section 130 (1) (a) of the Federal Competition and Consumer Protection Act (FCCPA) 2018 by failing to complete a NIBSS Instant Payment transfer request and withholding the […]
The Competition and Consumer Protection Tribunal on Friday launched its practise rules and unveiled the hearing room in which appeals on competition and consumer protection-related issues will be heard. Speaking at the launch and unveiling of the hearing room, the chairman of the CCPT, Saratu Shafii, said the tribunal, which consists of the chairman and […]
Minister, Federal Ministry of Industry Trade and Investment Otunba Niyi Adebayo and members of the Tribunal. Photo. The Minister, Federal Ministry of Industry Trade and Investment, Otunba Niyi Adebayo says the Competition and Consumer Protection Tribunal (CCPT) will reposition Nigeria’s investment destination for economic growth. Otunba Niyi stated this at the unveiling of the Competition […]
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on the 21st of March 2023 proceeded with its ongoing case between Clement Osuya and Stanbic IBTC bank. The defendants witness examination and cross-examination was carried out and at the end of which both parties closed their submission and a date taken after consideration with […]
The Competition and Consumer Protection Tribunal located in No.4 Danube close Maitama, Abuja sat on a new case filed against STANBIC IBTC BANK by Mr Clement Osuya due to the delayed payment of a processed transaction. The duo who appeared before the Tribunal on the 2/2/2023 was granted an extension of time by the presiding […]
In continuation of hearing the case between Mr clement Osuya and Stanbic IBTC Bank holding in Competition and Consumer Protection Tribunal located at no 4 Danube close Maitama Abuja. The defendant’s counsel notified the court of his application praying the leave of court to amend the defendant’s statement of defense. The claimant’s counsel objected to […]
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on Monday 24th October 2022, dismissed the Application filed by Multichoice Nigeria Limited seeking a Stay of Execution on the Tribunal’s administrative penalty of N25,000,000 (Twenty-five million naira only) given in its Judgement of 8th September 2022. Multichoice Nigeria Limited was, on 8th September 2022, […]