Business

FG Warns Advertisers Against Unapproved Ads on Social Media Platforms

The apex regulatory body had noted that the company had run a social media platform advert of Lung Detox Tea, which, it stated, claims the tea makes smoking healthy.

Published

1 year ago

January 10, 2025

OCHEFA

553 Views

The federal government has called on individuals and organisations to desist from exposing unlawful and unethical advertisements on treatment of a range of ailments on Instagram and Facebook platforms.

The two platforms are owned by Meta Incorporated and represented in Nigeria by Facebook Nigeria Operations Limited.

THISDAY reports that in a statement issued by the Advertising Regulatory Council of Nigeria (ARCON), which was signed by its Director -General, Dr. Olalekan Fadolapo, the government stated that spurious and unsubstantiated claims in advertisements pose serious health risks to Nigerians as they have no clinical or any scientific proof of their efficacies.

The council pointed out that its investigation has revealed that most of the products being exposed illegally are not certified by relevant government agencies and may not be safe for consumption.

It further stated that the the brand owners are taking the loose opportunities offered by online media platforms to expose those unapproved advertisements.

These advertisements with frivolous claims were neither submitted to, nor approved for exposure by the Advertising Standards Panel (ASP) being the statutory Panel established by the Advertising Regulatory Council of Nigeria Act No. 23 of 2022 to ensure that advertisements targeting the Nigerian market conform with advertising ethics as well as the prevailing laws of the Federation,”

Olalekan reveals. ARCON promised to take necessary actions to ensure that the individuals and organizations involved are sanctioned in line with the prevailing laws and the Code of Advertising.

Toward the end of last year, ARCON said it would take all necessary steps to ensure Jols Medix Nigeria Limited was sanctioned for running an online/social media advert, without the authorisation of the council.

The apex regulatory body had noted that the company had run a social media platform advert of Lung Detox Tea, which, it stated, claims the tea makes smoking healthy.

Up Next

Court Restrains First Bank Over GHL, Otedola, Others Face Arrest

Don't Miss

Sanwo-Olu Tasks Lawmakers, Civil Service to Effectively Implement N3.366trn 2025 Budget

Click to comment

Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

35 minutes ago

June 30, 2026

Charles Flames

6 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

5 hours ago

June 30, 2026

OCHEFA

17 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”