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 N30 billion in sanctions for the alleged 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 reads in part: “ARCON reiterates that it would not permit unethical and irresponsible advertising on the Nigeria’s advertising space”.

ARCON says it 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.