The Federal Government (FG), through the Advertising Regulatory Council of Nigeria (ARCON), has sought the payment of N30 billion in sanctions from Meta Platforms Incorporated (owners of Facebook, Instagram, and WhatsApp platforms) and its agent AT3 Resources Limited.
In a statement cited by WEEKDAYS on Tuesday, October 4, 2022, ARCON revealed that the N30 billion sanctions would be paid for the violation of the advertising laws and for loss of revenue as a result of Meta Incorporated’s continued exposure of unapproved adverts on its platforms.
“ARCON reiterates that it would not permit unethical and irresponsible advertising on the Nigeria’s advertising space,” the statement read.
ARCON in a suit filed before the Federal High Court, Abuja Judicial Division, however, sought 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.
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