Ikechy™

Onye Obodo😎😎😎😎

[Ikechy™ @ikechy08]

@Mrbankstips 🥳🥳🥳

[Ikechy™ @ikechy08]

@ayoadeba @Wilmojack @aonanuga1956 The same Lagos costal road that a Billion dollars was borrowed for? 🤡🤡

[Ikechy™ @ikechy08]

@39billion 😂😂

[FCCPC Nigeria @fccpcnigeria]

Banks answerable to FCCPC, court rules

* Dismisses UBA’s suit, fined N2m

* It’s a big victory for bank customers, says Tunji Bello

Advocacy for consumer rights in the banking sector recorded a major boost today with a judgement by a Federal High Court in Abuja dismissing, in its entirety, a suit by UBA Plc seeking to contest the jurisdiction of the Federal Competition and Consumer Protection Commission (FCCPC). 

In its ruling, presiding Justice James Omotosho affirmed the Commission’s statutory authority to investigate consumer complaints involving banks and other financial institutions.

In the suit, FHC/ABJ/CS/1972/2025, United Bank of Africa Plc sought to determine whether in light 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 exercise jurisdiction over a commercial bank duly licensed by the Central Bank of Nigeria (CBN) and over any of its functions, acts, financial products, or financial services.

In his judgement, Justice Omotosho considered Sections 251 (1) (d) of the Constitution and 65(1)(a) of BOFIA, which the plaintiff had relied upon to challenge the Commission’s jurisdiction, and upheld the authority of the FCCPC in competition and consumer protection matters in the financial sector.

Consequently, UBA plc was fined N2m for “bringing a frivolous and unmeritorious case against the defendant”. 

With respect to receiving and investigating Consumer complaints, the Court stressed that there is no other agency in Nigeria saddled with this responsibility except the FCCPC.

“No portion of the Banks and Other Financial Institutions Act gives such powers to the Central Bank of Nigeria, nor does the Central Bank of Nigeria Act,” said Justice Omotosho. 

“The FCCPC (Defendant) is therefore the proper agency to investigate such consumer complaints,” the judge held. 

He therefore held that the FCCPC “is vested with statutory powers to inquire into Consumer Protection issues involving customers and banks.” 

Justice Omotosho cited Sections 1, 2, 17(e) and 104 of the Federal Competition and Consumer Protection Act, 2018 (FCCPA), relating to the objectives, scope, investigative powers and application of the Commission’s mandate in matters concerning competition and consumer protection.

Section 104 of the FCCPC Act states that “Notwithstanding the provisions of any other law but subject to the provisions of the Constitution of the Federal Republic of Nigeria, in all matters relating to competition and consumer protection, the provisions of this Act shall override the provisions of any other law.” 

In a swift reaction, the Executive Vice Chairman/CEO of FCCPC, Mr Tunji Bello, hailed the judgment, describing it as “a significant milestone in our advocacy for bank customers who have for long endured unfair treatment.”

He said the judgment provides judicial guidance on the complementary relationship between sector regulation and the consumer protection framework established under the FCCPA.

Mr. Bello stated that the decision reinforces confidence that consumers in every sector of the economy, including financial services, are entitled to accessible channels for complaint resolution and lawful redress.

He noted that the judgment is also significant for businesses, as it clarifies that regulatory accountability and consumer confidence are mutually reinforcing pillars of a healthy market environment.

According to him, the Commission will continue to engage financial institutions and other service providers professionally, fairly, and in accordance with due process, while encouraging internal complaint resolution mechanisms that address consumer concerns promptly.

Ondaje Ijagwu
Director, Corporate Affairs
@NigeriaGov
@NGRSenate @HouseNGR

[Ikechy™ @ikechy08]

@OurFavOnlineDoc 😂

[Ikechy™ @ikechy08]

@Mrbankstips Money, very large amount of money 🙂

[Ikechy™ @ikechy08]

🤣🤣🤣

[MrBanks💰 @Mrbankstips]

Ouch

[Ikechy™ @ikechy08]

@bigOracle_ Lol, same pose in different backgrounds. Some of Una need eye glasses , because this is obviously Ai generated

[Ikechy™ @ikechy08]

@itz_remwrld @bigOracle_ @Ikino666 Lol, same pose in different backgrounds. Some of Una need eyes class, because this is obviously Ai generated

[Poor Bill Gates 🇳🇬 @_StephenIfeanyi]

If they dig up your tweets from 2012 today, will you still have a job or a Visa by tomorrow morning? Just asking for a friend.

A few months ago, we all saw what happened to Ezra, the Paystack guy. One issue with his ex and boom, people started digging.

[Ikechy™ @ikechy08]

@SportyBet Una go grumble with This una plan this night😂😂

[Ikechy™ @ikechy08]

@SportyBet Make Una show us our tickets

[Ikechy™ @ikechy08]

@AlgerianFooty 🤡🤡🤡

[JOSHUA @JJExclusive1]

After falsely accusing Rudeboy of rape, in a bid to avoid being brought to justice, @chubbiedivah disabled her X account, fled social media and her husband’s house.

However, she got arrested on the 6th of November 2025, detained, and eventually charged to court of law on the 10th of November 2025.

Before I continue, Rudeboy intentionally didn’t drop updates about her arrest so there would be no form of public sympathy that might lead to her release without proper justice. Now let me continue.

Just only about 24 hours in detention, she started to complain that she couldn’t breath and her legs were swollen and that she needed medical attention. After so much consideration, she was released to visit the hospital while her lawyer pleaded that she would be back unfailingly by the 10th.

Surprisingly, she didn’t come back as promised as her lawyer claimed the health issues was a serious one.

The matter was then adjourned to 17th of November, again she failed to show up, claiming she is still under medical supervision.

However, the next date of adjournment has been re-fixed for 1st of December 2025. The court has ordered that either her or her lawyer must be present in court unfailingly.

Again, let me reiterate that she didn’t go scot-free and she can’t go scott free, rape is a very serious crime, and nobody should be falsely accused of it.

[Ikechy™ @ikechy08]

@Mrbankstips 70%

[Ikechy™ @ikechy08]

@Mrbankstips I set Aster to buy at $1 😊

[Ikechy™ @ikechy08]

@cz_binance 🚀💪

[Ikechy™ @ikechy08]

🚀🚀🚀

[Ikechy™ @ikechy08]

@pocket_fi ALeCjnT4TeB1xk6BisMRAsEw2eTZt9ZB8eYANj84EutB

[Ikechy™ @ikechy08]

@OurFavOnlineDoc I have sent my one cent. I wish her well