Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Cardano Price Surges 5% after ‘Best Days Ahead’ Founder’s Talks

    July 29, 2026

    XRP Price Jumps as OSL Group Lists Ripple for Retail Trading

    July 29, 2026

    Oil Prices Rise in Reaction to Saudi, U.S. Strikes Against Iran

    July 29, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Cardano Price Surges 5% after ‘Best Days Ahead’ Founder’s Talks
    • XRP Price Jumps as OSL Group Lists Ripple for Retail Trading
    • Oil Prices Rise in Reaction to Saudi, U.S. Strikes Against Iran
    • SPE Backs Federal Government’s ‘Transparent’ Oil Licensing
    • AVA Capital Lists on Nigerian Exchange by Introduction
    • 3-Day to Recapitalisation Deadline, Insurance Stocks Lift NGX by N481bn
    • Court Nullifies Order Deregistering ADC, 4 Other Political Parties
    • Italy Slashes Diesel Tax Again to Counter High Fuel Prices
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, July 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Alleged Breach: Court Strikes Out FCCPC Charge Against MTN Executives

    Alleged Breach: Court Strikes Out FCCPC Charge Against MTN Executives

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiOctober 30, 2025 News No Comments3 Mins Read
    Alleged Breach: Court Strikes Out FCCPC Charge Against MTN Executives
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Alleged Breach: Court Strikes Out FCCPC Charge Against MTN Executives

    The Federal High Court in Abuja on Thursday, struck out the criminal charge filed by the Federal Competition and Consumer Protection Commission (FCCPC) against MTN Nigeria Communications Plc and its top officials.

    Justice Hauwa Yilwa struck out the suit, in a ruling, following an application for the withdrawal of the case by FCCPC’s lawyer, I. O. Aiaba. Earlier upon resumed hearing on Thursday, Aiaba told the court that a notice of withdrawal was filed on Sept. 8.

    The lawyer told the judge that the application was brought under Section 108 of the Administration of Criminal Justice Act (ACJA), 2015.

    He said the prosecution adopted the notice and prayed that the court strike out the charge. However, no lawyer appeared for the defendants and the defendants were also not in court for the trial.

    Justice Yilwa consequently struck out the suit after the lawyer’s application. MTN Nigeria; its Managing Director and Chief Executive Officer (MD/CEO), Mr Karl Toriola, and other co-defendants were being prosecuted by FCCPC over allegations bordering on breach of the commission’s Act.

    FCCPC had sued the MTN Nigeria Communications Plc and Toriola as 1st and 2nd defendants. The commission also named Tobechukwu Okigbo, MTN’s Chief Corporate Services and Sustainability Officer, and Ikenna Ikeme, General Manager, Regulatory Affairs of MTN as 3rd and 4th defendants respectively.

    In the two-count charge, they were accused of failure to produce documents and information required by the commission in compliance with a lawful summons contrary to the FCCPC Act.

    The charge, marked: FHC/ABJ/CR/354/2024, was dated July 19, 2024, and filed July 22, 2024 by a team of lawyers led by Akoji Achimugu.

    It would be recalled that the FCCPC, through its lawyer, Nsitem Chizenum, had, in one of the settings, accused the MTN CEO and his co-defendants of evading service of court documents on them.

    Chizenum had told the court, following the absence of the defendants in court. He said several efforts made to effect the service of the processes on the defendants were unsuccessful

    The lawyer also told the court that the Nigeria Police Force (NPF) had been involved and that their application was being processed by the NPF with a view to produce the defendants in court.

    The matter was fixed for May 28 for the defendants to take their plea. But when the matter was called, none of the defendants was in court.

    In count one, the MTN Nigeria Communications PLC, Toriola, Okigbo and Ikeme were alleged to have on or about June 18, 2024 did without sufficient cause failed to produce documents and or information which they were required to produce, “in compliance with a lawful Summons and Request to Produce dated May 17, 2024.”

    The commission alleged that the compliance with same summon was further extended by a letter dated June 5, 2024 and they thereby committed an offence contrary to and punishable under Section 33 (3) of the Federal Competition and Consumer Protection Act, 2018.

    The offence, according to the prosecution, contravenes the provisions of Section 111 (1) of the FCCP Act, 2018, and punishable under Section 111 (2) of the same act. #Alleged Breach: Court Strikes Out FCCPC Charge Against MTN Executives#

    NMDPRA Urges Investors to Decentralise Nigeria’s Downstream Market

    fccpc MTN
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Cardano Price Surges 5% after ‘Best Days Ahead’ Founder’s Talks

    XRP Price Jumps as OSL Group Lists Ripple for Retail Trading

    Oil Prices Rise in Reaction to Saudi, U.S. Strikes Against Iran

    SPE Backs Federal Government’s ‘Transparent’ Oil Licensing

    AVA Capital Lists on Nigerian Exchange by Introduction

    3-Day to Recapitalisation Deadline, Insurance Stocks Lift NGX by N481bn

    Add A Comment

    Comments are closed.

    Editors Picks

    Cardano Price Surges 5% after ‘Best Days Ahead’ Founder’s Talks

    July 29, 2026

    XRP Price Jumps as OSL Group Lists Ripple for Retail Trading

    July 29, 2026

    Oil Prices Rise in Reaction to Saudi, U.S. Strikes Against Iran

    July 29, 2026

    SPE Backs Federal Government’s ‘Transparent’ Oil Licensing

    July 29, 2026

    AVA Capital Lists on Nigerian Exchange by Introduction

    July 29, 2026
    Latest Posts

    Cardano Price Surges 5% after ‘Best Days Ahead’ Founder’s Talks

    July 29, 2026

    XRP Price Jumps as OSL Group Lists Ripple for Retail Trading

    July 29, 2026

    Oil Prices Rise in Reaction to Saudi, U.S. Strikes Against Iran

    July 29, 2026

    SPE Backs Federal Government’s ‘Transparent’ Oil Licensing

    July 29, 2026

    AVA Capital Lists on Nigerian Exchange by Introduction

    July 29, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

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