Following a suit filled against Multichoice by a lawyer Festus Onifade and the Coalition of Nigeria Consumers early against the announcement to hike its subscription rates with effect from 1 April,
The trio approached the court with a prayer to restraining Multichoice from increasing subscriptions for its TV services on 1 April, pending the hearing and determination of the motion on notice filed on March 30.
In its unanimous decision, the panel said the power to regulate prices of goods and services lies with the president.
It ruled that “the price increase is valid”, adding that only the president has the power to regulate the prices of goods and services.
The tribunal added that the claimants failed to prove how they suffered “psychological trauma, hardship or violation of their human rights” resulting from the tariff hike.Follow us on social media