Tinubu Directs FCCPC to Investigate Tech Companies

President Bola Ahmed Tinubu has ordered the Federal Competition and Consumer Protection Commission (FCCPC) to investigate technology companies following allegations of anti-competitive practices and unlawful exploitation of news content. This directive is a response to concerns raised by the Nigerian Press Organisation (NPO), which includes the Newspaper Proprietors Association of Nigeria (NPAN), Nigeria Union of Journalists (NUJ), Broadcasting Organisations of Nigeria (BON), and the Guild of Corporate Online Publishers (GOCOP).

The FCCPC, led by Executive Vice Chairman and Chief Executive Officer Tunji Bello, has committed to conducting an independent and transparent investigation based on evidence. The inquiry will assess whether the conduct of these companies results in anti-competitive outcomes or unfair business practices, ensuring that all parties have a fair opportunity to present relevant information.

The FCCPC will determine if the practices in question constitute a breach of the Federal Competition and Consumer Protection Act (FCCPA) of 2018.