Tag: FCCPC

‘Over $220m Fine,’ Meta Threatens To Shut Down Facebook, Instagram In Nigeria

Ganiyu Amodu

Meta Platforms Inc., the parent company of Facebook and Instagram, has warned that it may be forced to shut down the two social media platforms in Nigeria, following hefty regulatory fines and what it described as “unrealistic” demands from the authorities. The tech giant issued the warning in a court filing seen by the BBC. On July 19, 2024, the Federal Competition and Consumer Protection Commission (FCCPC) imposed a fine of $220 million on Meta, also the parent company of WhatsApp, for multiple data privacy violations. The case reportedly stemmed…

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MTN CEO, Others Face Arraignment For Alleged Breach Of Act

Ganiyu Amodu

The Federal Competition and Consumer Protection Commission will on May 28, arraign Karl Toriola, the Managing Director and Chief Executive Officer (MD/CEO) of MTN Nigeria Communications Plc. Toriola, MTN Nigeria Communications Plc and others will be arraigned over alleged failure to produce documents and information required by the commission in compliance with a lawful summons contrary to the FCCPC Act. The company and its CEO will be arraigned alongside Tobechukwu Okigbo, MTN’s Chief Corporate Services and Sustainability Officer and Ikenna Ikeme, General Manager, Regulatory Affairs of MTN, before Justice H.J.…

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