Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    June 15, 2026

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    June 15, 2026

    Money Market Rates Mixed as Banking System Liquidity Dips

    June 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow
    • Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable
    • Money Market Rates Mixed as Banking System Liquidity Dips
    • CBN to Open N1trn Worth of Treasury Bills for Subscription
    • CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs
    • Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows
    • South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment
    • Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut
    • Home
    • About Us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Dstv, Gotv Tariff Hike: Hearing Against MultiChoice Suffers Setback

    Dstv, Gotv Tariff Hike: Hearing Against MultiChoice Suffers Setback

    Julius AlagbeBy Julius AlagbeMay 5, 2022Updated:May 5, 2022 News No Comments3 Mins Read
    Dstv, Gotv Tariff Hike: Hearing against MultiChoice Suffers Setback
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Dstv, Gotv Tariff Hike: Hearing Against MultiChoice Suffers Setback

    Hearing in a suit filed by a lawyer, Festus Onifade and Coalition of Nigeria Consumers (CNC) against MultiChoice Nigeria Limited on Thursday suffered a setback. The development occurred following an application for an adjournment moved by Onifade.

    Onifade, who is the 1st claimant in the suit, prayed for an adjournment shortly after the three-member tribunal headed by Thomas Okosun began sitting. The lawyer hinged his application on ill-health.

    The tribunal had, on March 30 in an ex-parte motion marked: CCPT/OP/1/2022 moved by Onifade on behalf of himself and the CNC, restrained MultiChoice from increasing its prices on DStv and Gotv pending the hearing and determination of the matter.

    Onifade and CNC (2nd claimant) had dragged the company and Federal Competition and Consumer Protection Commission (FCCPC) before the tribunal on March 30 as 1st and 2nd defendants respectively.

    MultiChoice had, on March 21, announced its intention to increase the subscription fees for its packages beginning from April 1, blaming inflation and business operations for the increment. READ: Nigeria Stops MultiChoice Plan to Increase DSTV, GOTV…

    Against the order of the tribunal, the firm was alleged to have gone ahead with the increment. But when the matter came up on April 11, the tribunal ordered MultiChoice to revert to the old prices of its packages, pending the hearing and determination of the substantive matter and adjourned till today.

    At the resumed hearing on Wednesday, Onifade informed that though the case was scheduled for hearing of the applications bordering on the jurisdiction of the tribunal to hear the suit, he was indisposed.

    The lawyer, therefore, sought an adjournment. “I have to take permission from my doctor to be here my lord.  I will be asking for a short day,” he said.

    Counsel to MultiChoice, Jamiu.Agoro, and lawyer to FCCPC, Tam Tamunokobia, did not oppose the application. The tribunal, headed by Okosun, reminded that the panel was not a regular court where adjournment could be sought frivolously.

    “So how long will you be asking for,?” Okosun asked.  “June, my lord,” Onifade said.

    Okosun, who expressed surprise at Onifade’s request for a date in June, asked if the lawyer had the intention to withdraw the suit.

    The tribunal then adjourned the matter until June 15 for a hearing of the application challenging its jurisdiction. MultiChoice had, in a motion on notice dated April 13 and filed April 14 by Toyin Pinheiro, SAN, prayed the tribunal for an order staying execution of the order it made on April 11 pending the determination of the instant application.

    It also sought an order setting aside and discharging the order the tribunal made on April 11 having been made without jurisdiction. But the claimants disagreed with the firm’s prayers, urging the tribunal to dismiss them.

    In a counter affidavit dated and filed April 26 by Onifade and CNC, the claimants argued that the prayers in the application filed by the firm were similar to the one it earlier filed on March 31, “and know that both prayers are incongruous. #Dstv, Gotv Tariff hike: Hearing against MultiChoice Suffers Setback

    Investors
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    Money Market Rates Mixed as Banking System Liquidity Dips

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    June 15, 2026

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    June 15, 2026

    Money Market Rates Mixed as Banking System Liquidity Dips

    June 15, 2026

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    June 15, 2026

    CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs

    June 15, 2026
    Latest Posts

    XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

    June 15, 2026

    Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable

    June 15, 2026

    Money Market Rates Mixed as Banking System Liquidity Dips

    June 15, 2026

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    June 15, 2026

    CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs

    June 15, 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.