The Federal High Court in Lagos has issued an interim order halting ARCON’s demand of $38.55 million from Facebook Nigeria Operations Limited for alleged violations. This decision, made by Justice Yellim Bogoro, follows Facebook’s motion challenging the constitutionality of ARCON’s Notice. The hearing on this matter is set for February 20, 2025.
In a recent ruling, the Federal High Court in Lagos has temporarily prohibited the Advertising Regulatory Council of Nigeria (ARCON) from enforcing a demand of $38.55 million (NGN 60 billion) from Facebook Nigeria Operations Limited. This decision, issued by Justice Yellim Bogoro on December 12, 2024, was made following an urgent application presented by Facebook. This application sought to prevent ARCON from enforcing what Facebook claims is an unlawful Notice of Violation and enjoining the Council from pursuing any criminal actions related to this matter. The court’s order is in place until a full hearing is held on February 20, 2025, where Facebook’s challenge to the constitutionality of ARCON’s Notice will be examined.
The ongoing conflict between Facebook and the Advertising Regulatory Council of Nigeria (ARCON) arises from alleged violations related to advertising regulations in Nigeria. Facebook has contended that the demand for such a substantial financial penalty is not only unjustified but also poses a blatant disregard for due process. The basis of the legal proceedings also includes concerns regarding the right to fair hearing and the authority of ARCON to impose such a hefty fine without proper legal justification. The court’s intervention at this stage aims to safeguard Facebook’s interests until a comprehensive judicial review can take place.
The Federal High Court’s decision stands as a significant development in the legal discourse surrounding corporate regulation in Nigeria. By temporarily restraining ARCON from enforcing its substantial financial demand against Facebook, the court acknowledges the need for a careful evaluation of the legal and constitutional issues at stake. The upcoming hearing will be crucial in determining not only Facebook’s obligations but also the broader framework of advertising regulations in Nigeria.
Original Source: news.bitcoin.com
