‘ARCON is arguing that Meta Platforms Incorporated has continued to expose the FG to loss of revenue adverts’
The Advertising Regulatory Council of Nigeria has lodged a suit against Meta Platforms Incorporated, the parent company of Facebook, Instagram and WhatsApp platforms and its agent – AT3 Resources Limited – at the Federal High Court, Abuja Judicial Division.
This was disclosed in a statement by the highest regulatory body for Nigeria’s advertising, ARCON.
ARCON is arguing that Meta Platforms Incorporated has continued to expose the Federal Government to loss of revenue adverts.
It is seeking N30bn in sanction for the violation of the advertising laws and for loss of revenue.
The statement read in part, “ARCON reiterates that it would not permit unethical and irresponsible advertising on Nigeria’s advertising space.”