NIGERIA Nigerian authorites team up to fight gambling corruption 3 years ago Iwo Bulski Post Views: 485 The Nigerian National Lottery Regulatory Commission (NLRC) and the Corporate Affairs Commission (CAC) have struck a new partnership fight “unscrupulous companies” in the country’s gambling industry. Both organisations have agreed to work closely to vet licence applications from potential lottery operators as well as “plug leakages” in the system. “This collaboration has been long overdue […],” Lanre Gbajabiamila, Director General of the NLRC, said. Our mandate is to regulate lottery, sports betting and gaming activities in Nigeria. Our Commission can only do so much on its own because of the way the industry has grown and continues to grow. Abubakar Garba, registrar general and chief executive of the CAC, said the commission had experienced problems in the past regarding registration of lottery operators and hoped that the collaboration would prevent these issues in the future. In January, the NLRC prohibited the operation, promotion and sale of tickets of all unapproved foreign lottery games after multiple instances of operators failing to pay players’ winnings. “We have had issues in the past with the registration of lottery companies,” Garba said. “This made us revisit the earlier requirement that approval in principle must be obtained from the NLRC before such registration. But we have been mindful of the need to properly regulate these companies. Generally, as an agency, we have dispensed mostly with the approval in principle because of delay in the process,” – he explained. “Instead of asking for approval in principle, we will create database for the NLRC so that from the comfort of your office, you would be able to verify whether a company is registered with us as a lottery company.” Gbajabiamila said that the two organisations already worked together to scrutinise potential lottery operators, but will step up these efforts. “Since I assumed office two years ago, we have, together with the CAC, been tackling frivolous business names to confirm whether they are registered with the CAC or not,” – Gbajabiamila said. “The NLRC took it upon itself to first of all vet applications through [the CAC, which] in turn, sent them back to us for confirmation. I believe that is the spirit of working together as Federal agencies to ensure the mandate and preaching of Mr. President [Muhammadu Buhari] on anti-corruption and leakages are taken care of.” Source: igamingbusiness.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: corruption, gambling, Nigeria Continue Reading Previous Nigerians Can Now Buy Bitcoin From Stores and ATMsNext Nigeria – regulators want to better control the gambling industry More Stories NIGERIA ONLINE Benefits of gambling with minimal investment in Nigeria 5 days ago Szarlot BETTING NIGERIA 10 secrets of successful online football betting 6 days ago Samuel NIGERIA ONLINE SEC of Nigeria will not make cryptocurrencies part of its targets 7 days ago Samuel HOT NEWS NIGERIA Overview of the Nigerian gambling market 7 days ago Szarlot EXPERTS NIGERIA MoMo taps bill payment to broaden offerings, promote financial inclusion 2 weeks ago Samuel NIGERIA ONLINE Nigerian Fintech solution improves access to pay bills 2 weeks ago Szarlot EXPERTS NIGERIA Eventus International to Cover South, East & West Africa in 2023 2 weeks ago Samuel BETTING NIGERIA FSB Boosts Global Strategy with New Partnerships and Key Hires 2 weeks ago Samuel EXPERTS NIGERIA Games that pay real money in Nigeria 3 weeks ago Samuel NIGERIA ONLINE Nigerian Fintech Solution introduces Bill Payment for the unbanked population 3 weeks ago Szarlot EXPERTS NIGERIA Five instances you will need to use MoMo to pay your bills 3 weeks ago Samuel BETTING NIGERIA Nigeria’s interest in sports betting to Lotto revealed 3 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.