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Breaking: FG drags Meta to court, seeks 30bn penalty
 
By: News Editor
Tue, 4 Oct 2022   ||   Nigeria, Abuja
 

The Advertising Regulatory Council of Nigeria (ARCON), has filed a suit against Meta Platforms Incorporated (owners of Facebook, Instagram and WhatsApp platforms) and its agent AT3 Resources Limited at the Federal High Court, Abuja.
ARCON disclosed this in a statement on Tuesday.
The Apex regulatory body for Nigeria’s advertising eco-system, is seeking a declaration among others that the continued publication and exposure of various advertisements directed at the Nigerian market, through Facebook and Instagram platforms by Meta Platforms Incorporated without ensuring the same is vetted and approved before exposure is illegal, unlawful and a violation of the extant advertising Law in Nigeria.
ARCON stated that Meta Platforms’ continued exposure of unverified adverts had also led to loss of revenue to the Federal Government.
ARCON is seeking N30bn in sanction for the violation of the advertising laws and for loss of revenue as a result of Meta’s continued exposure of unapproved adverts on its platforms.
The statement read in part, “ARCON reiterates that it would not permit unethical and irresponsible advertising on the Nigeria’s advertising space.”
According to ARCON, the Council is not regulating the online media space. Rather, its focus is on advertising and marketing communications on the online platforms in line with its establishment Act.

 

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