A N30bn legal offensive has been initiated against Meta Platforms Incorporated (owners of Facebook, Instagram, and WhatsApp platforms) and its agent AT3 Resources Limited before a Federal High Court sitting in Abuja, Nigeria.
The suit was instituted by the Advertising Regulatory Council of Nigeria (ARCON).
In a statement on Tuesday, ARCON said it 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.
The regulatory council is insisting that Meta Platforms Incorporated’s continued exposure of unvetted adverts had also led to the loss of revenue to the Federal Government (FG).
It is therefore seeking N30bn in sanction 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.
The statement read in part, “ARCON reiterates that it would not permit unethical and irresponsible advertising on Nigeria’s advertising space.”
“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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