Tribunal Backs Fccpcs 220m Fine On Meta

The Competition and Consumer Protection Tribunal has affirmed the 220 million fine levied against Meta Platforms Inc. by the Federal Competition and Consumer Protection Commission FCCPC.

In a statement released Friday, FCCPCs Director of Corporate Affairs, Ondaje Ijagwu, confirmed the ruling and noted that the tribunal also awarded the commission 35,000 to cover the costs of its investigation.

Ijagwu stated that the tribunal found the commission acted within the bounds of its legal authority under the 1999 Constitution as amended, and that it properly executed its mandate.

The tribunal further ruled that the commission rightly identified multiple violations by Meta and its subsidiary, WhatsApp, and that its findings were legally sound.

The tribunals three-member panel was led by Honorable Thomas Okosun.