Top Stories
BREAKING: FG Sues Mark Zuckerberg’s Meta, Demands 30bn Penalty
FG has sued Mark Zuckerberg’s Meta and demanded 30bn penalty.
CityNews reports that the federal government through the Advertising Regulatory Council of Nigeria says it has lodged 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 Judicial Division.
According to a statement on Tuesday by the apex regulatory body for Nigeria’s advertising ecosystem, ARCON 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 Incorporated’s continued exposure of unvetted 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 Incorporated’s continued exposure of unapproved adverts on it’s 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, it’s focus is on advertising and marketing communications on the online platforms in line with its establishment Act.
Why Seyi Tinubu Can’t Be Lagos Governor- Igbokwe
Simon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB
NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024
My husband assaulted me, ruined my career – Olajumoke Onibread
“I did not punch Akpabio” – Senator Bamidele speaks on alleged fight with Senate President
Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget
2027: “No vacancy for non-indigenes in Alausa” – Lagos youths tell Seyi Tinubu
Biafra Activist Simon Ekpa Arrested in Finland Over Terrorism
‘Don’t Waste Your Time Again In 2027’: Bode George Begs Atiku (Video)
Appeal Court Overturns Judgment On Rivers LG Elections
National Assembly Passes Bill For Life Imprisonment For Drug Traffickers
Senate Approves Tinubu’s $2.2bn Loan Request
2023 Presidential Poll Not Rigged – Okupe To Peter Obi
Ohanaeze Ndigbo Speaks On What Simon Ekpa’s Arrest Means For Igbo Nation
Car Dealer Surprises Davido With Brand New Escalade To Celebrate His Birthday
News11 hours agoAppeal Court Overturns Judgment On Rivers LG Elections
Top Stories10 hours ago“I did not punch Akpabio” – Senator Bamidele speaks on alleged fight with Senate President
News4 hours agoWhy Seyi Tinubu Can’t Be Lagos Governor- Igbokwe
Top Stories11 hours ago2027: “No vacancy for non-indigenes in Alausa” – Lagos youths tell Seyi Tinubu
Top Stories7 hours agoSimon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB
Politics11 hours ago‘Don’t Waste Your Time Again In 2027’: Bode George Begs Atiku (Video)
News10 hours agoMy husband assaulted me, ruined my career – Olajumoke Onibread
Top Stories11 hours agoNational Assembly Passes Bill For Life Imprisonment For Drug Traffickers