02 November 2022
Nigerian Advertising Regulator Sues Meta For ₦30 Billion Over Loss Of Revenue And Violation Of Laws
Africa Tech News
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The Advertising Regulatory Council of Nigeria has sued Meta, the parent company of Facebook, Instagram, and WhatsApp, alongside its Nigerian public relations agency AT3 Resources at the Federal High court, Abuja Judicial Division.
ARCON is seeking ₦30 billion in sanctions 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.
ARCON shared that Meta’s continued exposure to unvetted adverts had also led to a loss of revenue to the Federal Government.
ARCON also shared that it’s not regulating the online media space but advertising and marketing communications on online platforms in line with its establishment Act.
ARCON is seeking ₦30 billion in sanctions 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.
ARCON shared that Meta’s continued exposure to unvetted adverts had also led to a loss of revenue to the Federal Government.
ARCON also shared that it’s not regulating the online media space but advertising and marketing communications on online platforms in line with its establishment Act.