ARCON is seeking N30bn in sanction for violating the advertising laws and for loss of revenue due to Meta Incorporated’s continued exposure of unapproved adverts on its platforms.
By Jeffrey Agbo
The Advertising Regulatory Council of Nigeria (ARCON) has dragged Meta Platforms Incorporated (owners of Facebook, Instagram and WhatsApp platforms) and its agent AT3 Resources Limited before the Federal High Court, Abuja, seeking N30 billion as penalty.
The agency, in a statement on Tuesday, wants the court to inter alia declare 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 apex regulatory body for Nigeria’s advertising ecosystem stated that Meta Platforms Incorporated’s continued exposure of unvetted adverts had also led to loss of revenue to the Federal Government.
READ ALSO:
Google joins Facebook, charges 7.5% VAT on Nigerian adverts
ARCON is seeking N30bn in sanction for violating the advertising laws and for loss of revenue due to 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.”
According to ARCON, 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.