• Latest
  • Trending
MTN, GTBank, Air Peace probed over poor service, exploitative pricing claims

MTN, GTBank, Air Peace probed over poor service, exploitative pricing claims

December 3, 2024
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

September 5, 2025
Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

September 5, 2025
Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

September 5, 2025
Paratus Group introduces first private mobile network using LTE and 5G in Namibia

Paratus Group introduces first private mobile network using LTE and 5G in Namibia

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News News

MTN, GTBank, Air Peace probed over poor service, exploitative pricing claims

Modupeoluwa Olalere by Modupeoluwa Olalere
December 3, 2024
146 4
0
MTN, GTBank, Air Peace probed over poor service, exploitative pricing claims
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Following a surge in consumer complaints, the Federal Competition and Consumer Protection Commission (FCCPC) has initiated investigations into three major Nigerian companies—Guaranty Trust Bank (GTBank), MTN Nigeria, and Air Peace Limited. 

The enquiries are scheduled to last three days, specifically between December 3 and 5, 2024 in order to address allegations of poor service delivery and exploitative practices across the banking, telecommunications and aviation sectors.

Read also: MTN, Huawei, and China Telecom collaborate to expand 5G, AI across Africa

Overview of the investigations

In a statement released on Sunday, FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, detailed the focus of these inquiries. The Commission aims to tackle issues such as:

RelatedPosts

MTN Nigeria’s revenue surges by 55% to ₦2.38 trillion in H1 2025

MTN Nigeria’s strategy offers roadmap for African crypto startups’ growth

Airtime lending pushes MTN fintech’s revenue to N83bn in H1 2025

GTBank: The bank is under scrutiny due to a large volume of complaints about incessant network failures that have prevented customers from accessing their funds and digital banking services. This follows disruptions linked to the bank’s transition to a new core banking system in October 2024.

MTN Nigeria: Customers have reported ongoing problems with undelivered data services, unexplained data depletion, and inadequate customer support. These issues have raised significant concerns among users regarding the reliability of MTN’s services.

Air Peace Limited: The airline is facing allegations of exploitative ticket pricing, particularly concerning substantial fare increases for bookings on certain domestic routes. This has led to accusations of unfair pricing strategies that adversely affect consumers.

Read also: MTN marks 25th anniversary with launch of Benin’s first commercial 5G network

Legal framework and consumer rights

The enquiries are being conducted under the Federal Competition and Consumer Protection Act (FCCPA) of 2018. This legislation empowers the FCCPC to investigate practices that may undermine consumer rights or disrupt market fairness. Ijagwu emphasised the importance of these inquiries by stating:

“These engagements provide a platform for companies to address consumer concerns and clarify their operational practices.” 

The Commission is committed to fostering a fair marketplace and ensuring accountability among service providers. It has urged consumers to report poor service or exploitative practices through its official channels.

With the enquiries slated for next week, the FCCPC aims to resolve these issues swiftly while reinforcing its dedication to protecting consumer rights in Nigeria’s competitive landscape.

Tags: Air Peace LimitedFCCPCGuaranty Trust BankMTN Nigeria
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.