Connect with us

Business

Nigeria’s Captured State: How MultiChoice Weaponized Laws to Protect Its Empire

Published

on

Nigeria’s Captured State: How MultiChoice Weaponized Laws to Protect Its Empire

THE CAPTURED BENCH: HOW MULTICHOICE AND ITS ELITE LAWYERS WEAPONIZED NIGERIA’S COURTS TO CRIPPLE DEMOCRACY, DEFY REGULATIONS AND EXPLOIT THE NATION

Price hikes and silenced watchdogs

In March 2025, Nigerians woke up to find that DStv and GOtv subscription prices had shot up by 20-25%. The Federal Competition and Consumer Protection Commission (FCCPC) immediately announced plans to investigate. Consumer advocacy groups were hopeful. Finally, someone would check whether Multichoice was abusing its market power, But once again, the courts stepped in. Multichoice’s lawyers, led by Moyosore Onibanjo, rushed to file an ex parte motion, claiming the FCCPC had no right to regulate pricing in a “free market.” Justice Omotosho issued an order that stopped the FCCPC from even looking into the matter. No debate. No hearing. Just a swift injunction.

For many Nigerians, this was the final straw. Complaints poured in on social media: “Why can’t our regulators do anything?” and “Is DStv above the law?” People couldn’t help noticing that every time an agency tried to act, a new court order appeared.

Corporate Leviathan

In Nigeria’s rapidly evolving media landscape, Multichoice Nigeria Limited, operators of DStv and GOtv, has long positioned itself as a market leader. However, recent revelations from the National Security Advisor’s office paint a starkly different picture: one of a corporate giant systematically deploying legal warfare to evade accountability, undermine regulatory bodies, and render agencies like the National Broadcasting Commission (NBC), the Federal Competition and Consumer Protection Commission (FCCPC) and the Economic and Financial Crimes Commission (EFCC) powerless. Over the past decade, Multichoice has weaponized Nigeria’s judicial system, securing a litany of court orders to stall investigations, invalidate regulations, and shield itself from sanctions. This report unravels the company’s calculated strategy to transform regulators and security agencies into “toothless bulldogs,” highlighting key cases, complicit judicial actors, and the broader implications for Nigeria’s regulatory framework.

In Nigeria, where media freedom once thrived, Multichoice Nigeria (owners of DStv and GOtv) have used legal tricks to dodge regulators and crush competition. What started as a success story turned into a corporate takeover of Nigeria’s broadcast industry. Multichoice’s legal team weaponized court technicalities to weaken government agencies, turning oversight into a joke.

The 2021 Default Judgment Debacle (FHC/ABJ/CS/1386/2021) Incorporated Trustees of Media Rights Vs. NBC
It was a brisk morning in Abuja when news of Justice James Omotosho’s decision sent shockwaves through Nigeria’s broadcasting circles. In a case that had once promised to empower the National Broadcasting Commission (NBC), the judge instead dealt a stunning blow to the commission’s authority—one that many believe would change the fate of broadcast regulation in the country.

The Incorporated Trustees of Media Rights took the NBC to court. They contended that the commission’s sanctions were not only heavy-handed but also a violation of natural justice. Justice Omotosho had already handed down a sweeping judgment—a permanent injunction that barred the NBC from levying any fines on broadcast stations.

In a bid to overturn the ruling, the NBC filed a motion that the earlier judgment was reached without due process. The NBC had sought to sanction Multichoice for breaching broadcast codes. Justice Omotosho dismissed their plea, and critics argue this set a dangerous precedent: regulators could now be punished for procedural oversights while corporations enjoyed judicial leniency.

This case set a precedent for regulators’ procedural missteps being exploited to entrench corporate impunity. By framing the NBC as negligent, Multichoice and allied entities secured judicial cover to bypass accountability. The significance of the ruling in this case, is to the effect that a regulator does not have the powers to impose sanctions for a breach of a defined law or regulation, which is an anomaly.

The 2024 AGI Heist (FHC/ABJ/CS/652/2024) Multichoice Nigeria Ltd. & Details Nigeria Ltd. v. NBC)
In a sweeping 2024 judgment, Justice Omotosho again ruled in favor of Multichoice, declaring Section 2(10)(b) of the NBC Code ultra vires for mandating 2.5% of broadcasters’ gross income as Annual Gross Income (AGI). The court redefined “annual income” as revenue minus production costs, slashing Multichoice’s liability. It also upheld a disputed 2020 waiver agreement, binding the NBC to accept fixed payments far below statutory rates. The ruling not only invalidated critical NBC regulations but also rewarded Multichoice for years of underpayment, costing the federal government an estimated N32.5 billion in lost revenue. The pattern again was to invoke functus officio to block regulatory appeals and framing Multichoice as the “vigilant” victim against “indolent” agencies.

The Price Hike That Sparked a Legal Firestorm

FCCPC vs. MultiChoice: A Legal Battle Over Price Hike
On March 1, 2025, MultiChoice raised DStv and GOtv subscription fees by 20-25%, citing rising costs. The move, barely a year after the last increase, triggered public outrage, with many accusing the company of exploiting its market dominance.

However, the Federal Competition and Consumer Protection Commission (FCCPC) had summoned MultiChoice and its CEO on February 27, to appear for an investigative hearing to explain its decision to increase rates starting on March 1. The commission expressed concerns about frequent price hikes, potential abuse of market leadership, and anti-competitive practices. However, instead of complying, MultiChoice filed an ex parte motion at the Federal High Court in Abuja on March 3, seeking to block FCCPC’s intervention.

On March 12, Justice James Omotosho known for his pro-corporate rulings, granted Multichoice’s request. In his decision, he restrained the FCCPC from taking any “administrative steps” against the company pending the determination of the case. The ruling effectively shields Multichoice from regulatory scrutiny, allowing it to proceed with the price hike while the FCCPC remains powerless to act. Critics have slammed the decision as a blow to consumer rights and a victory for corporate impunity.

The 2025 Ex Parte Order: EFCC and NBC Gagged
In a recent court order granted in March 2025 and filed under Suit No: FHC/L/CS/179/25 (Multichoice & Details Nigeria Vs. EFCC, NBC & Anor) reveals Multichoice’s desperation to avoid scrutiny. The EFCC had launched an investigation into the company’s alleged underpayment of Annual Gross Income (AGI) and refusal to submit financial records dating back to 2014. Instead of complying, Multichoice accused the EFCC and NBC of “harassment” and violating its “fundamental rights.”

Justice Omotosho, without hearing the regulators’ side, issued a sweeping injunction:
a. Blocked Arrests: Barred the EFCC from inviting or detaining Multichoice staff.
b. Froze Investigations: Halted demands for financial documents, including evidence of AGI remittances.

The ruling effectively halts Nigeria’s anti-graft agency from probing (a) ₦32.5 billion in unpaid levies (as established in the 2024 AGI case) and alleged tax evasion tied to creative accounting of “programming costs.”

The Legal Playbook: How Courts Became Corporate Tools
Multichoice’s tactics follow a ruthless blueprint:

1. Forum Shopping: Multichoice repeatedly filed cases in the Abuja Division of the Federal High Court, where judges like Omotosho became reliable allies. Legal experts accuse the company of “judicial engineering”—handpicking courts to secure favourable rulings that redefine regulatory authority.

2. Killing Competition: When the NBC amended its code in 2022 to break Multichoice’s stranglehold on exclusive content (like Premier League rights), the company sued. Justice A. Lewis-Allagoa sided with Multichoice, declaring that “private contracts trump over public interest.” The decision cemented Multichoice’s monopoly, leaving smaller rivals unable to compete.

3. Redefining the Rules: In 2024, Multichoice challenged the NBC’s Annual Gross Income (AGI), arguing that its 2.5% fee should apply to profits, not gross revenue. Justice Omotosho agreed, slashing Multichoice’s contributions by billions of naira. The ruling starved the NBC of funds meant to support local broadcasters, widening the gap between corporate giants and struggling independents.

4. Pre-emptive Strikes: At the first hint of regulatory action, Multichoice files lawsuits to paralyze investigations. In 2025, when the Federal Competition and Consumer
5. Protection Commission (FCCPC) probed sudden price hikes for DStv subscriptions, Multichoice secured an exparte order from Justice Omotosho—blocking the inquiry before regulators could present their case. Critics called it a “judicial coup.”

Consequently, Nigeria’s judiciary stands accused of enabling corporate impunity. Justice
James Kolawole Omotosho of the Federal High Court, Abuja, emerges as the central figure in Multichoice’s legal fortress. Between 2021 and 2025, he presided over at least seven high stakes cases involving the company, each time ruling in its favour with near-scripted consistency.

The Fallout: Toothless Bulldogs and a Captured State
The cumulative effect of these rulings is a regulatory landscape where:
* NBC is financially crippled, unable to collect lawful levies or enforce content rules.
* FCCPC is barred from investigating blatant consumer exploitation.
* Judicial Complicity: Courts prioritize corporate rights over public interest, with certain judges becoming repeat enablers.

The lawyers behind the scenes
Behind all of Multichoice’s courtroom triumphs are two powerful Senior Advocates of Nigeria (SANs): M.J. Onigbanjo and Moyosore Onibanjo. Their tactics are legendary among legal circles in Abuja.

a. Onigbanjo the Codebreaker: Known for pre-emptive strikes, he files lawsuits against regulators just before they finalize audits or announce sanctions. By flipping the script, he forces agencies to defend themselves rather than go on the offensive.
b. Onibanjo the Ex Parte Maestro: Skilled at obtaining secretive court orders, he convinces judges that immediate action is needed—often without the regulators being present. Critics have called this “judicial malpractice.”

Their Playbook:
1. Judicial Engineering: Handpick courts and judges.
2. Weaponize Rights: Frame investigations as “rights violations.”
3. Delay Tactics: Adjourn cases for years (e.g., the EFCC suit is stalled until May 2025).

The Global Playbook – How Multichoice Replicated Its Nigerian Model and the Pushback
While Nigeria’s anti-graft agencies and courts remain paralyzed by legal maneuvers favouring Multichoice Nigeria, other African nations are mounting fierce resistance against the South African media giant’s monopolistic tactics. From Malawi’s bold expulsion of the company to South Africa’s billion-dollar fines, a pattern of defiance is emerging across the continent—one that starkly contrasts with Nigeria’s capitulation to corporate impunity.

Malawi’s Stand: “Follow the Rules or Leave”
In August 2023, Malawi became a beacon of regulatory courage. When Multichoice attempted to hike DStv subscription prices without approval, the Malawi Communications Regulatory Authority (MACRA) secured a court injunction to block the increase. Multichoice retaliated by halting new subscriptions and threatening to exit the country. “We don’t negotiate with bullies,” declared MACRA Director General Daud Suleman. By September 2023, Multichoice withdrew entirely, abandoning 200,000 subscribers. “Malawi’s laws protect its people, not foreign profits,” Suleman added.

Sierra Leone: Slapped with a “Profiteering” Fine
Sierra Leone’s National Telecommunication Commission (NATCOM) took a similarly hardline stance in 2023, fining Multichoice R968,000 (Le250 million) for “unfairly profiteering” after the company blamed currency fluctuations for price hikes. NATCOM Chair Momoh Conteh accused Multichoice of “exploiting our people under the guise of exchange rates.” The regulator threatened to shut down DStv operations unless the fine was paid within a week—a move hailed by consumer groups.

Kenya’s Football Revolution: Breaking the Monopoly
In 2017, Kenya’s Competition Authority (CAK) ordered Multichoice to share exclusive English Premier League rights with rivals like Zuku TV, declaring the company’s monopoly “anticompetitive and destructive.” After a two-year legal battle, CAK Director Wang’ombe Kariuki announced: “No single entity can hoard content that belongs to the people.” The ruling opened Kenya’s airwaves to fair competition, a model now praised across East Africa.

South Africa’s $3.7 Billion Reckoning
In its home country, Multichoice faced its toughest blow yet. In 2017, South Africa’s
Competition Commission found the company guilty of anti-competitive practices, including hoarding sports rights to crush rivals. The penalty? A staggering 10% of annual revenue—$3.7 billion.

“No corporation is above the law here,” said Commissioner Tembinkosi Bonakele. By 2022, the South African Revenue Service (SARS) had clawed back another $500 million from Multichoice after uncovering years of profit under-declarations.

Nigeria: The Captured Market

While its neighbours fight back, Nigeria remains a glaring exception. In 2023, the Federal Inland Revenue Service (FIRS) settled a N1.8tn ($1.27bn) tax claim for the Multichoice Nigeria operation and a $342m claim for value-added tax dispute with Multichoice for just N35.4bn ($37.3m) —a colossal and unjustified discount.

Breaking the stranglehold

In hushed conversations across government offices and civil society groups, there’s a growing belief that Nigeria must reclaim its regulatory powers—or risk sinking deeper into a state of corporate capture. Some propose that the National Judicial Council (NJC) investigate the repeated pattern of rulings in Multichoice’s favor. Others call for a new Broadcast Industry Reform Act that would strengthen the NBC’s authority. Also, the National Security Adviser must probe the question whether judges collude with Multichoice’s legal team and whether there is economic sabotage whereby preemptive lawsuits have been used to stifle Nigeria’s broadcast sector regarding the Multichoice’s ₦32.5 billion levy evasion.

Nigerians are frustrated by skyrocketing subscription fees and a sense of helplessness. Yet without coordinated action from the courts, lawmakers, and the executive branch, these calls for justice may remain just that—calls.

For now, Multichoice continues to operate in Nigeria with near-impunity, while the rest of the continent moves toward stricter enforcement. The central question remains: “Will Nigeria’s institutions stand up for the public interest, or will the nation remain a haven for corporate giants who know how to work the system”?

Until something changes, the courts will keep issuing orders, regulators will keep hitting walls, and ordinary Nigerians will keep wondering why the rules seem to favour the powerful over the people. The stage is set for a showdown—one that could either reaffirm Nigeria’s commitment to fair governance or cement its status as a captured state under the gavel of judges and unconscionable practices of members of the Bar.

Continue Reading
Advertisement

Bank

Fidelity Bank grows gross earnings by 38% to N434.95b in Q1

Published

on

Fidelity Bank grows gross earnings by 38% to N434.95b in Q1

 

Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to expand its core banking market share.

 

Interim report and accounts of Fidelity Bank for the three months ended March 31, 2026 released at the Nigerian Exchange (NGX) showed that gross earnings rose from N315.42 billion in first quarter 20025 to N434.95 billion in first quarter 2026, representing an increase of 37.9 per cent.
The top-line performance was driven by impressive growth in the bank’s core business operations with interest incomes rising by 22.8 per cent to N314.48 billion in first quarter 2026 as against N256.10 billion in first quarter 2025.

 

With net interest income at N180.97 billion, the bank closed the period with profit before tax of N92.48 billion. After taxes, net profit stood at N74.47 billion for the three-month period. Earnings per share remained high at N5.69, underlining the capacity of the bank to reward its shareholders.

 

 

The balance sheet of the bank also emerged stronger. Total assets crossed the N11 trillion mark to N11.35 trillion by March 2026 compared with N10.46 trillion recorded in December 2025. Customers’ deposits increased from N6.89 trillion to N7.38 trillion. Total equity rode on the back of earnings growth to a 27.5 per cent increase from N1.09 trillion in December 2025 to N1.39 trillion by March 2026.

 

 

The first quarter 2026 results further consolidated the strong earnings outlook of the bank, which had successfully completed its recapitalisation amidst impressive earnings performance in 2025.
Fidelity Bank had recorded double-digit growths in interest and non-interest incomes as well as key balance sheet items during the year ended December 31, 2025.

 

 

The audited report showed that gross earnings rose from N1.04 trillion in 2024 to N1.52 trillion in 2025, an increase of 45.6 per cent. Interest and similar incomes had grown by 38.7 per cent from N803.1 billion in 2024 to N1.11 trillion in 2025. Fees and commission incomes also rose by 44.7 per cent from N78.4 billion to N113.4 billion. The bank recorded net profit after tax of N242.4 billion in 2025.

 

 

The bank’s balance sheet emerged stronger with total assets rising by 18.6 per cent to N10.46 trillion in 2025 as against N8.82 trillion in 2024. Customer deposits increased by 16.1 per cent from N5.94 trillion to N6.89 trillion, reflecting continued franchise strength and an improved funding profile. Net loans and advances meanwhile declined by 2.4 per cent to N4.28 trillion in 2025 as against N4.39 trillion in 2024, attributable to customers paying down on their mature obligations.

 

 

The bank had in 2025 strengthened its capital position, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy had remained robust, with Capital Adequacy Ratio of 30.94 per cent by December 2025 as against 23.47 per cent by December 2024.

 

Managing Director, Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, said the first quarter 2026 results reinforced the bank’s strong and resilient business model.

 

She noted that with the remarkable success of its recapitalisation programme and continuing expansion, Fidelity Bank has entered a new era of growth and impressive returns.

 

“We are on a stronger footing and confident that we will set new growth records that are reflective of our legacy and the future we are working on,” Onyeali-Ikpe said.

Continue Reading

Business

Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU

Published

on

NLC Commends Dangote Refinery, Urges FG to Sell Adequate Crude in Naira to Reduce Fuel Prices

Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU

The operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly reducing the country’s dependence on imported refined petroleum products and strengthening its external position, according to the Economist Intelligence Unit (EIU).

In its latest assessment on Nigeria’s fuel market and regulatory environment, the EIU said the refinery has already transformed a sector that was previously characterised by heavy reliance on imported fuel despite Nigeria being Africa’s largest crude oil producer. The report noted that the refinery met nearly 80 per cent of domestic petrol demand in April and produced enough volumes to satisfy local consumption requirements as operations approached full capacity.

The EIU described Nigeria’s downstream petroleum sector before the refinery as “long dysfunctional”, noting that the country had remained almost entirely dependent on costly imported fuel while producing nearly 1.5 million barrels of crude oil daily.

According to the report, the emergence of the refinery has reduced import dependence, improved domestic fuel availability and strengthened Nigeria’s balance of payments position through lower import demand and rising exports of refined petroleum products.

“The gradual ramp up of the 650,000 barrel/day Dangote refinery since May 2023 has transformed Nigeria’s long dysfunctional downstream sector,” the report stated. “The country’s main refineries, all state owned, had been inoperative for years and Nigeria was almost entirely reliant on costly imported fuel.”

The research and analysis division of The Economist Group, London added that the refinery’s attainment of full operational capacity and its planned expansion would further support Nigeria’s economic growth and foreign exchange earnings over the medium term.

“Meanwhile, the attainment of full capacity at, and an increase in exports from, the Dangote refinery will support real GDP growth and foreign exchange earnings in 2026 and 2027 and beyond, as a planned doubling of the plant’s output comes on stream around the end of the decade,” it added.

Industry analysts said the refinery is increasingly positioning Nigeria as an emerging refining and export hub, altering energy trade flows across Africa and reducing the vulnerability associated with fuel import dependence.

The EIU noted that the refinery’s expansion has coincided with major reforms in Nigeria’s downstream sector, including the removal of fuel subsidies and the introduction of market driven pricing mechanisms.

The report, however, said the transition from a state dominated fuel import structure to large scale domestic refining has triggered resistance from interests linked to the old import regime.

The latest tensions emerged following the decision by the Nigerian Midstream and Downstream Petroleum Regulatory Authority to relax restrictions on petrol imports despite the refinery’s growing capacity to meet domestic demand.

Dangote Industries subsequently initiated legal action, arguing that continued import approvals undermine domestic refining investments and conflict with the objectives of the Petroleum Industry Act, which seeks to encourage local refining capacity and reduce import dependence.

Analysts noted that the availability of large-scale domestic refining capacity has improved Nigeria’s energy security and reduced exposure to external supply shocks and foreign exchange volatility.

The Centre for the Promotion of Private Enterprise also cautioned against unrestrained importation of petroleum products, warning that such a policy could weaken Nigeria’s industrialisation drive and discourage investments in domestic refining.

Chief Executive Officer of CPPE, Muda Yusuf, said continued dependence on imported fuel had historically contributed to pressure on foreign reserves, exchange rate instability and fiscal leakages.

The refinery’s growing impact is also being reflected in Nigeria’s broader macroeconomic indicators. Earlier this month, S&P Global Ratings cited increased domestic refining capacity and rising hydrocarbon exports among the major factors supporting Nigeria’s sovereign credit rating upgrade – the first in 14 years.

Beyond Nigeria, analysts said the refinery is increasingly being viewed as a strategic industrial asset for Africa, where many countries remain heavily dependent on imported fuel despite rising demand for transportation, manufacturing, and power generation.

 

Continue Reading

Business

BREAKING: Court Dismisses $19.6 Million Claim Against NNPCL — Rules Contract Scope Cannot Be Changed Orally

Published

on

BREAKING: Court Dismisses $19.6 Million Claim Against NNPCL — Rules Contract Scope Cannot Be Changed Orally

 

In a landmark ruling on Friday, May 22, 2026, the Federal Capital Territory High Court in Abuja threw out a $19.6 million lawsuit filed by Alternate Dimensions Ventures Ltd against the Nigerian National Petroleum Company Limited (NNPCL), affirming a key legal principle: a written contract cannot be expanded through oral agreements or conduct.

Alternate Dimensions had sought $19,600,000 in professional fees, claiming the scope of its Direct Sale, Direct Purchase (DSDP e-pro) contract with NNPCL was orally expanded. Represented by counsel Patrick Peter, the firm argued it was entitled to the revised sum for services rendered under the alleged new terms.

But NNPCL, through its lawyer Ituah Imhanze of KENNA LP, pushed back sharply, arguing that parties are bound exclusively by the clear terms of their written agreement. Imhanze contended that without any written amendment, the claim was legally unsound, and the court agreed.

Delivering judgment, Justice Hamza Mu’azu upheld NNPCL’s defense, stating that the contract was unambiguous and that no evidence was adduced during the trial, which supported the alleged scope expansion. The court further found that NNPCL fully complied with all contractual terms and committed no breach.

Dismissing the suit as meritless, Justice Mu’azu reinforced the doctrine of sanctity of contract: any amendment to a written agreement must be express, unequivocal, and documented, not implied or verbal.

The ruling spares NNPCL from the S19.6 million claim and also a floodgate of similar potential liabilities.

Continue Reading

Cover Of The Week

Trending