23 Mar BREAKING NEWS – SPORTS LOTTERY NOW REGULATED BY NLRC
The Governing Board at the meeting held on 11th March 2015, has approved and directed for the immediate implementation of the Sports Lottery(Betting) Category and its applicable Terms and Conditions in line with Section 57 of the National Lottery Act 2005 (NLA 2005).
Any company presently carrying out any form of Sports Lottery(Betting) activity in Nigeria is hereby invited to regularise its operations with the Commission in the interest of the growth of the lottery industry in Nigeria.
The Commission also invites all prospective Sports Lottery(Betting) Operators (SLOs) intending to carryout any form of Sports Lottery activity in Nigeria, to submit (through the nearest State Office in Nigeria or directly to her head office in FCT – Abuja) application(s) for the processing and issuance of a Sports Lottery Permit(SLP) which allows for the operation of the business of Sports Lottery on a national platform in Nigeria.
Furthermore, any company operating any form of Sports Lottery(Betting) in Nigeria without a SLP is doing so illegally and will be subject to such penalties as contained in the NLA 2005.
Lottery….The Right Way….Transforming Lives…