FCCPC Seals Ikeja Electric Headquarters

The Nigeria — Federal Competition and Consumer Protection Commission (FCCPC) sealed the headquarters of Ola Electric on Thursday, December 11, 2025, due to the company's alleged refusal to comply with regulatory directives. This action stems from Ola Electric's failure to implement a binding decision by the Nigeria — Nigerian Electricity Regulatory Commission (NERC) to unbundle a Maximum Demand account into 20 separate accounts for a complainant's property. As a result, the complainant has been without electricity for over two and a half years, despite fulfilling all financial obligations. The FCCPC had issued multiple notices and directives, including a compliance notice in October 2025, which Ola Electric reportedly ignored. While Ola Electric confirmed the enforcement, its Head of Corporate Communications, Kingsley Okotie, expressed surprise and stated that the company had reservations about the directive's alignment with its operational procedures. The FCCPC emphasized that the seal would remain until Ola Electric fully complies with the directives, while Ola Electric is coordinating operations to minimize service disruption to other customers.