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Court Restraint, Affront to Free Market Economy —MultiChoice

MultiChoice  Nigeria, has described a court ruling restraining it from implementing its new subscription rates as an affront to free market economy.  The company’s position was made known in a statement released, recently by the company which  said it received, an interim court order dated August 20, 2018, from the Federal High Court, regarding the price adjustment that it implemented on August 1, 2018.
It said,  “We believe that the order is an affront to the free market economy and we have now filed a Notice of Appeal and an application for stay of execution, pending the hearing of the Appeal. The CPC has been accordingly served with the requisite processes. “In light of the application for a stay of execution, the status quo therefore prevails.” The Pay TV company said it will always operate within the  ambit of the law and will cooperate with the authorities to ensure the best outcome for its customers, as it remains committed to providing the best quality of entertainment and premium content at the best possible prices.

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