Court fines UBA N2m for frivolous case against FCCPC

A Federal High Court sitting successful Abuja connected Tuesday dismissed a suit by a Nigerian commercialized slope seeking to contention the jurisdiction of the Federal Competition and Consumer Protection Commission, FCCPC.

Justice James Omotosho, who presided implicit the case, ruled that the FCCPC has statutory authorization to analyse user complaints involving banks and different fiscal institutions successful the country.

DAILY POST reports that UBA, successful suit No. FHC/ABJ/CS/1972/2025, sought to find whether, successful airy of Section 251(1)(d) of the 1999 Constitution of the Federal Republic of Nigeria (as amended, 2023) and Section 65(1)(a) of the Banks and Other Financial Institutions Act (BOFIA) 2020, the FCCPC could validly workout jurisdiction implicit a commercialized slope duly licensed by the Central Bank of Nigeria (CBN) and implicit immoderate of its functions, acts, fiscal products, oregon fiscal services.

Ruling connected the case, Justice Omotosho considered Section 251(1)(d) of the Constitution and Section 65(1)(a) of BOFIA, which the plaintiff had relied upon to situation the Commission’s jurisdiction.

The justice upheld the authorization of the FCCP...