Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
FCCPC Withdraws Compliance Case Against MTN Executives, Citing Prosecutorial Judgment

FCCPC Withdraws Compliance Case Against MTN Executives, Citing Prosecutorial Judgment

Bitget-RWA2025/09/26 10:02
By:Coin World

- FCCPC withdraws compliance case against MTN Nigeria executives, citing prosecutorial discretion under criminal justice law. - Case was adjourned to October 2025 due to judicial unavailability, highlighting procedural delays in regulatory enforcement. - Withdrawal follows accusations of obstructing anti-competitive inquiry by refusing to produce requested documents. - MTN faces parallel copyright investigation, underscoring regulatory challenges in telecom sector compliance.

FCCPC Withdraws Compliance Case Against MTN Executives, Citing Prosecutorial Judgment image 0

The Federal Competition and Consumer Protection Commission (FCCPC) has decided to drop its case alleging non-compliance against Karl Toriola, the Managing Director of MTN Nigeria Communications Plc, along with three top executives. FCCPC’s legal representative, Nsitem Chizenum, submitted the withdrawal, referencing the Administration of Criminal Justice Act, which permits prosecutors to end proceedings before a verdict is reached. The arraignment, originally planned for September 25, 2025, was postponed to October 30, 2025, due to the absence of Justice Hauwa Yilwa. The formal withdrawal will need to be presented to the court at the next hearing Alleged Breach: FCCPC withdraws case against MTN Nigeria CEO, … [ 1 ].

The FCCPC had previously accused Toriola, Chief Corporate Services and Sustainability Officer Tobechukwu Okigbo, and General Manager Ikenna Ikeme of not responding to a summons issued on May 17, 2024, which required them to provide certain documents and information as mandated by the FCCPC Act. The two-count indictment claimed that the defendants obstructed the commission’s investigation into possible anti-competitive conduct, in violation of Section 33(3) of the 2018 statute. According to the commission, the lack of cooperation hindered its ability to carry out its investigative duties FG Moves to Withdraw Case Against MTN Nigeria CEO Karl … [ 2 ].

The legal basis for the withdrawal is found in Sections 107 and 108 of the Administration of Criminal Justice Act, which authorize prosecutors to discontinue charges at any point before a judgment is delivered. In its submission, the FCCPC highlighted the importance of prosecutorial discretion, stating that “the complainant hereby fully withdraws the charge and ceases proceedings against the defendants.” This action is consistent with the court’s inherent authority to manage its docket efficiently Alleged FCCPC Act Violation: Court Reschedules Arraignment of … [ 3 ].

The rescheduling to October 30, 2025, was a result of procedural setbacks, specifically the judge’s unavailability, which illustrates the administrative hurdles often present in high-profile regulatory matters. The FCCPC’s move to drop the case stands in contrast to its previous stance in another legal matter. In May 2024, the Nigerian Copyright Commission (NCC) also took legal action against Toriola and MTN Nigeria for alleged copyright violations, further exposing the company to ongoing legal risks Alleged Breach: FCCPC withdraws case against MTN Nigeria CEO, … [ 1 ].

This withdrawal highlights a shift in the FCCPC’s enforcement strategy. Although the commission has expressed its intent to pursue anti-competitive practices, questions remain about its effectiveness in ensuring compliance. The dispute with MTN Nigeria, which focused on the submission of documents, points to the broader difficulties in balancing regulatory demands with corporate cooperation. Observers suggest that the delay may prolong uncertainty regarding the commission’s investigative reach, but the withdrawal itself spares the defendants from immediate reputational or financial harm FG Moves to Withdraw Case Against MTN Nigeria CEO Karl … [ 2 ].

This situation is part of a wider regulatory environment in which MTN Nigeria is subject to several investigations. The NCC’s separate copyright lawsuit, which alleges unauthorized use of music as caller tunes, is still ongoing. These concurrent legal proceedings underscore the company’s exposure to regulatory challenges, especially in industries with intricate compliance obligations Alleged FCCPC Act Violation: Court Reschedules Arraignment of … [ 3 ].

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

SEC's Reluctance on XRP ETF: Legal Uncertainty and Market Readiness Pose Obstacles for BlackRock

- BlackRock hasn't filed an XRP ETF application, with SEC delays pushing decisions to October 2025 due to XRP's unresolved legal status. - SEC requires six months of regulated XRP futures trading, while Ripple's lawsuit complicates regulatory clarity on XRP's classification. - XRP lags Bitcoin/Ethereum in adoption, but analysts predict eventual BlackRock entry to capture altcoin demand amid competitive ETF applications. - SEC's staking guidance and Project Crypto agenda may shape XRP ETF approval, with pot

Bitget-RWA2025/09/26 13:18
SEC's Reluctance on XRP ETF: Legal Uncertainty and Market Readiness Pose Obstacles for BlackRock

DeFi's Crisis of Confidence: Fraudulent Audits and 95% Returns Consume $3.6 Million

- HyperVault, a Hyperliquid-based yield farming protocol, lost $3.6M in a rug pull as developers stole funds via Tornado Cash, leaving platforms inaccessible. - Users ignored red flags like fake audit claims (Spearbit, Pashov) and 95% HYPE token yields, despite verified firms denying involvement and Code4rena showing no audit history. - The scam mirrors CrediX Finance’s $4.5M exit, exposing DeFi risks from unverified audits and opaque teams, while Hyperliquid’s ecosystem faces trust erosion amid prior expl

Bitget-RWA2025/09/26 13:18
DeFi's Crisis of Confidence: Fraudulent Audits and 95% Returns Consume $3.6 Million

AI-Driven Bots Make Real-Time Crypto Market Insights Accessible to Everyone

- CoinGecko provides a no-code framework for building AI-powered Telegram bots using n8n and real-time crypto data APIs. - Non-technical users can automate market analysis, track price trends, and generate insights without programming skills. - The workflow integrates CoinGecko's MCP data, OpenAI's GPT-4o-mini, and Telegram APIs for modular, customizable crypto research tools. - Third-party data sources like social media sentiment analysis expand functionality, while n8n templates lower entry barriers for

Bitget-RWA2025/09/26 13:18
AI-Driven Bots Make Real-Time Crypto Market Insights Accessible to Everyone

XRP Enters DeFi: Flare’s FXRP Brings in $14 Million in Liquidity

- Flare Network's FAssets project launched FXRP, a DeFi-enabled XRP derivative, generating $14.22M liquidity in its first week. - The 5M XRP weekly minting cap was exhausted rapidly, with overcollateralized FXRP backed by $19.11M in Flare and USDT. - Security audits and bug bounty programs aim to establish FXRP as an institutional-grade asset, with plans to expand minting caps as the ecosystem matures. - Future roadmap includes stXRP liquid staking, decentralized exchange integrations, and attracting insti

Bitget-RWA2025/09/26 13:18
XRP Enters DeFi: Flare’s FXRP Brings in $14 Million in Liquidity