FCCPC Levies $220 Million Fine on Meta Platforms

Admin
2 Min Read

On Friday, the Federal Competition and Consumer Protection Commission (FCCPC) imposed a hefty $220 million fine on Meta, the parent company of Facebook and WhatsApp, citing alleged violations of consumer rights.

Dr. Adamu Abdullahi, the acting Executive Vice Chairman and Chief Executive of the FCCPC, issued a statement accusing these social media platforms of infringing upon the rights of Nigerian data subjects.

The platforms were specifically charged with denying users the right to self-determination, unauthorized transfer, and sharing of personal data, including cross-border storage, which the FCCPC claims is in violation of both past and current laws.

The commission’s accusations extend further, alleging that Meta engaged in discriminatory practices, abused its dominant market position, and engaged in tying and bundling practices that are deemed unfair.

READ ALSO:

Napoli Star, Kvaratskhelia Addresses Future Amid PSG Transfer Interest

In response to these findings, the FCCPC has mandated that Meta and its associated platforms take immediate steps to comply with existing laws and cease any exploitative practices targeting Nigerian consumers.

Moreover, the FCCPC has instructed Meta and WhatsApp to avoid any future conduct that fails to meet national standards or undermines consumer rights.

Dr. Abdullahi emphasized the commission’s unwavering commitment to protecting the privacy of Nigerians as enshrined in the constitution and various data protection laws and regulations.

He also stressed the importance of ensuring that markets operate fairly and transparently, safeguarding the rights of consumers across the nation.

Share This Article
Leave a comment