Business NewsNews

Nigerian govt asks Facebook, Instagram parent company to pay N30 billion over ads

The Advertising Regulatory Council of Nigeria (ARCON) has launched a lawsuit against Meta Platforms Incorporated, the company that owns Facebook, Instagram, and WhatsApp, accusing it of distributing prohibited advertising materials in Nigeria and demanding up to N30 billion in penalties.Infomation Guide Nigeria

According to a statement released by the organisation on Tuesday, the case was filed with the Federal High Court, Abuja Judicial Division.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

The Nigerian government agency seeks a declaration that Meta’s continued publication and exposure of advertisements aimed at the Nigerian market on Facebook and Instagram without first ensuring that they have been reviewed and approved is illegal, unlawful, and a violation of the country’s current advertising laws.

The agency contended that Meta’s unrestricted airing of adverts has cost the government money.

ARCON is requesting N30 billion in fines for the alleged violation of advertising regulations and for revenue lost as a result of Meta Incorporated’s continued dissemination of unlawful adverts on its platforms.

Other Top Stories:

“ARCON reiterates that it will not permit unethical and irresponsible advertising in the Nigerian advertising space,” the statement said.

On Tuesday, Meta did not immediately respond to a request for comment.

The Nigerian government banned Twitter in the country more than a year ago, after the company removed a message from President Muhammadu Buhari. It accused the corporation of permitting content that posed a security risk to Nigeria.

After disregarding public outrage for months, the administration removed the restriction in January.

Multiple times, the Buhari administration has pledged to regulate social media. In June, it presented a proposed set of regulations that, according to the government, would govern the operations of international social media businesses.

The rule mandates, among other things, that companies remove content deemed by the government to threaten national security.Jamb Result 

Check Jamb Result 
Check and Confirm: How much is Dollar to Naira

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada



Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.


Click here to subscribe!

For Latest updates on News, Scholarships, Jobs & Business Ideas, and Other Opportunities.

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.



Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).


The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here


🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here


Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker