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

Quick Summary:

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 Wins Reprieve as Court Restrains Nigerian Regulator's $38.

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Category: Crypto

Markets: JapanNigerNigeria

Topics: News Bytes NewsBytes-3 Facebook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 09:30:25 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Article Length: 10 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 24547482

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