The Advertising Regulatory Council of Nigeria has filed a lawsuit against Meta Platforms Incorporated, the owners of Social media giants, Facebook, Instagram and Whatsapp and its agent, AT3 Resources Limited at a Federal high Court in Abuja.
ARCON accused Meta Platforms Incorporated of continued exposure of unvetted adverts, which it noted had led to a loss of revenue to the Federal Government.
According to Court Documents, ARCON is seeking a declaration 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.
They also sought a N30 billion 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.
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Let there b understanding between FG n meta
Nice move