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ARCON Sues Facebook Owner Meta, Demands N30 Billion - Politics - Nairaland

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ARCON Sues Facebook Owner Meta, Demands N30 Billion by Omooba77: 11:25am On May 03, 2023
ARCON is seeking N30 billion in fines and sanctions for the continued violations and infractions of the Advertising Regulatory Council of Nigeria Act No. 23 of 2022.

The Abuja Division of the Federal High Court has granted the Advertising Regulatory Council of Nigeria (ARCON) leave to serve a writ of summons on Meta, the owner of Facebook.

The court gave the nod pursuant to an application by ARCON in a pending N30 billion suit against the social media giant for violation of the extant advertising laws of Nigeria.

The writ is to be served at the Meta corporate headquarters of Meta, which also owns Instagram, Messenger and WhatsApp social media platforms.

While Meta is the first defendant in the suit, AT3 Resources Limited is the second defendant.

ARCON is seeking a declaration that publishing various advertisements and marketing communications materials targeted at Nigeria through Meta’s platforms without prior vetting and approval by its advertising standards panel is illegal.

The regulatory body also claimed that the act disregarded Nigerian culture, constitutional tenets, moral values and religious sensitivity of citizens.

ARCON is, therefore, seeking an order of perpetual injunction restraining the defendants, their privies, agents, servants and associates from publishing any advertising or marketing communications materials without recourse to ARCON in line with the country’s advertising law.

It is also seeking N30 billion in fines and sanctions for the continued violations and infractions of the Advertising Regulatory Council of Nigeria Act No. 23 of 2022.

(NAN)

https://gazettengr.com/fg-sues-facebook-owner-meta-demands-n30-billion/

3 Likes

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by 4tomandchi: 11:29am On May 03, 2023
We have new president who has openly said he doesn't like social media because of the way people attack him online and this news is just coming days before his inauguration. Hope this will not be used as an excuse to short down Facebook again.

God Bless Nigeria

FTC

47 Likes 6 Shares

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by SenatePresdo(m): 11:30am On May 03, 2023
If Facebook pays that fine, Seyi Tinubu don cash out big be that grin

Helinues and his cohorts won't even see 10 naira from it take buy Suger soak garri.

138 Likes 13 Shares

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Olachase(m): 11:30am On May 03, 2023
For more jokes
Send Nigeria to 141

135 Likes 8 Shares

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by bluefilm: 11:30am On May 03, 2023
That's good

3 Likes 1 Share

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by namqul(m): 11:30am On May 03, 2023
30BILLION GANG

10 Likes

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by SALTandFIRE: 11:30am On May 03, 2023
All thanks to that effeminate voiced 3rd class clown from Anambra hoping to carry first from 3rd position

Awon weyre sitting at home on a Monday and running to Lagos to hawk gala and insult us on Facebook and Twitter.

Why will Facebook let those yam-legged clowns use Facebook to push propaganda

16 Likes

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by dayleke: 11:30am On May 03, 2023
Okay o.

Let's go there.

How many of the settlements against them have they settled themselves?

1 Like

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Pipefitter: 11:30am On May 03, 2023
There's probably no international bank willing to lend them more money so they have to start suing frivolously..... The worst part is that they'd loot the money and invest it in the country they borrowed it from, thereby enriching the citizens of that country and impoverish Nigerians further with tax and duties in other to pay of the debt and accrued interest....sad

Edit:- I figured they didn't get enough money from the unused funds in the bank which they tried to "borrow" forcefully...

Nigeria rn is like a frustrated jobless Nigerian, owing almost the whole loan apps in the country with no ability to repay, yet living lavishly in an attempt to escape reality.. it's just a matter of time, they will resort to printing more money that would lead to mega inflation and the whole thing would collapses.

37 Likes 1 Share

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Dittodat: 11:30am On May 03, 2023
European countries don't take shit like this from any company. US doesn't either, Nigeria should not take any nonsense. Make them pay or block them.
It's all economics.

101 Likes 7 Shares

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by iamjokem(m): 11:30am On May 03, 2023
Interesting
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by LoveJesus87(m): 11:30am On May 03, 2023
grin
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by sotall(m): 11:31am On May 03, 2023
undecided

Waste of time and resources
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Damian911: 11:31am On May 03, 2023
Make Meta pay up quickly make them see something loot
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by AnyanwuSilas: 11:31am On May 03, 2023
We really need the money to fund next year budget.

When will FG show concern about Fulani militias

3 Likes 2 Shares

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by samsard(m): 11:31am On May 03, 2023
They want to vet every single social media ad?

6 Likes

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Lawalemi(m): 11:32am On May 03, 2023
Awon ole. Make they no use their greed spoil the little fun we get from social media
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by willi926(m): 11:32am On May 03, 2023
Like say if meta pay up now, they will use it for the economy. Instead na them them go still pocket am

1 Like

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by LeopardX: 11:32am On May 03, 2023
Make una relax.
FG just dey try their luck.

Looting tinz.

1 Like

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Jubrilv(m): 11:32am On May 03, 2023
The way FG dey pay for compensation
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by buharibanjo(m): 11:32am On May 03, 2023
Every time
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by unclejb2(m): 11:32am On May 03, 2023
Ñuru ihe
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Djoel: 11:32am On May 03, 2023
After wasteful spending, stealing the coffers dry and leaving debt for the 10th generation of Nigerians, this is the new way of sourcing more funds to embezzle.

8 Likes 4 Shares

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by foxxydude: 11:32am On May 03, 2023
😂😂
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Benresmy(m): 11:33am On May 03, 2023
f.g just looking for possible ways to extort money from social media grin grin grin grin grin
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by vRendoh(m): 11:33am On May 03, 2023
grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin hmmm
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by bigdammyj: 11:33am On May 03, 2023
30B only?

1 Like

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by GeneralPula: 11:33am On May 03, 2023
Fg?
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by TOPCRUISE(m): 11:34am On May 03, 2023
Thieves. Fg should create their own Facebook too if they are pained.

1 Like

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by kingphilip(m): 11:34am On May 03, 2023
Na where we go see them be this.
Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Nobody: 11:34am On May 03, 2023
Grasping at straws. When no one is lending them money again and they have over taxed the populace, they make up some bullshit law suit to extort money from a company.

Collection of theives

3 Likes

Re: ARCON Sues Facebook Owner Meta, Demands N30 Billion by Yukov(m): 11:34am On May 03, 2023
SenatePresdo:
If Facebook pays that fine, Seyi Tinubu don cash out big be that grin

Helinues and his cohorts won't even see 10 naira from it take buy Suger soak garri.



You are just a pained loser. You and your fellow wailers are pathetic and result every arguments to personal attack.

Cry on son. We awaits more.

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