Recent development shows Nigeria’s Senate is planning to invoke Antitrust Law Against MultiChoice, Nigeria. This follows what the lawmakers described as failure on the part of the company to respect Competitive rules.
According to the motion, which would be sponsored by the Chairman, Senate Committee on Public Accounts, Senator Matthew Urhoghide, Peoples Democratic Party (PDP), Edo South, would among others, compel the company to obey the Competitive and Consumer Protection Act of 2019.
The Upper chambers adds that the invocation of the anti-trust law on Multichoice would forestall the company’s development into a law unto itself that can influence the economy of Nigeria, determine the nation’s democracy and national life.
The move, it was gathered, would come inform of a motion when the Senate resumes plenary Tuesday, November 24, and with the motion, more Nigerians would be able to enjoy little luxuries that were hitherto somewhat unaffordable.
The plan is the break-up of MultiChoice’s monopoly and its services which have hitherto allowed the company to set the bar on its own terms all of the time, even as it will also, as a ripple effect, create competitive price regimes amongst the emergent smaller companies that will reduce burden of cost of service to the subscriber.
