Wednesday March 12, 2025

Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand

Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand

by Bitcoin.com December 19, 2024 1 min read

(Originally posted on : Bitcoin News )

The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the order on Dec. 12, 2024, following a motion ex parte filed by Facebook. Facebook sought two […]

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