By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    G7 finance leaders seek non-tariff consensus in Canada, may face US pushback
    Ahead G7 Summit, Finance Ministers Seek Non-tariff Consensus In Canada, May Face US Pushback
    2 weeks ago
    Over 28,000 Women And Girls Killed In Gaza Since October 2023
    2 weeks ago
    Global Aid Cut
    New Report Reveals How Global Aid Cuts Affecting Women’s Organisations Aiding Women In Crises
    3 weeks ago
    UNICEF Raises Alarm Over 14m Children Worldwide At Risk Of Malnutrition
    2 months ago
    United Nations for Women
    In 8 Days, 830 Killed In Gaza – UN Women Raises Alarm
    2 months ago
  • Africa
    Africa
    Show More
    Top News
    AfDB Boss, Adesina To African Mayors: Let Us Act To Transform Africa’s Cities
    2 years ago
    2023 UN Water Conference: Nigeria Shares Success Stories In New York
    2 years ago
    First English Slave Fort In Africa Uncovered On Ghana’s Coast
    2 years ago
    Latest News
    ECOWAS Marathon Race Director Okon Congratulates Commission on 50th Anniversary
    5 days ago
    Africa Day: Majority of Africans Want African Nations Be Given Greater Influence In International Decision-making Bodies
    1 week ago
    Edelman Africa Launches Regional Advisory To Support Global Institution Growth In Africa
    3 weeks ago
    African Union Champions Artificial Intelligence for Africa’s Socioeconomic Transformation
    2 months ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    APC Groups In Southwest Revolt, Dump Tinubu/Shettima Ticket For Atiku
    2 years ago
    Mbah’s Victory In Enugu State Excites Nilayo Sports Boss, Olopade
    2 years ago
    Tinubu Is An Actualiser, He Worked Hard To Win Presidential Election – Prince Mohammed
    2 years ago
    Latest News
    LG Election: Stakeholders Appeal To APC Not To Allow Chairmen Run For 3rd term
    4 weeks ago
    More APC Chairmanship Aspirants Reject Indirect Primary For Local Govt Elections In Lagos State
    4 weeks ago
    Youth Party Sets May 18 for Lagos LG Primary Elections, Slashes Fees For Women and PWDs
    1 month ago
    Oyo State Faces Herculean Task in Picking Makinde’s Successor – Chief Ayorinde
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    12 months ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    IMSUAA 2025 Convention: Two Artistes From Lagos Chapter To Light Up Event
    7 days ago
    Lagos SWAN Celebrates Yeni Kuti On Her Special Day
    1 week ago
    Ado Ekiti Honours One of Its Own: A Tribute To Chief Tajudeen Oluyole Olusi
    1 week ago
    Owo Security Summit Holds 26 May
    1 week ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Come Play Naija Season 2 Finale, BB Titans, Other Shows On GOtv This Weekend
    2 years ago
    Bishop Obey-Fabiyi, Onaolapo, Back May 7 World Praise Day
    2 years ago
    Savy Henry Evicted From Nigerian Idol Season 8
    2 years ago
    Latest News
    Nigerian Idol Season 10 Live Shows Are Underway as the Top 10 Battle for Stardom
    6 days ago
    Nigeria Strengthens Fight Against Content Piracy Through Strategic Partnerships
    1 week ago
    Prestige, Impact: Why AMVCA is the People’s Award Show
    4 weeks ago
    Celebrating African Cinema: AMVCA’s Growing Influence in Global Entertainment
    1 month ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    YSMA
    Yemisi Shyllon Museum of Art and Toledo Museum of Art Launch Historic Cultural Exchange
    4 weeks ago
    Leadership
    CEO Shares 3 Qualities Every Effective Leader Has
    1 year ago
    ‘Artificial Nails, Wigs Attract Misfortune To Ladies’
    2 years ago
    Latest News
    Lagos SWAN Joins UN To Celebrate World Nutrition Month At Unilag Confab
    6 days ago
    Yemisi Shyllon Museum of Art and Toledo Museum of Art Launch Historic Cultural Exchange
    4 weeks ago
    Piracy in Africa’s Creative Sector: How Creators Can Protect Their Content
    1 month ago
    Fanti Carnival Returns To Lagos This Easter Sunday
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu
    2 weeks ago
    Afreximbank
    Afreximbank Reports Strong Performance For Q1 2025 In Line With expectations
    2 weeks ago
    Pan-African Payment & Settlement System
    Nigeria Unlocks Intra-African Trade With New Pan-African Payment & Settlement System Policy Boost
    3 weeks ago
    Impact Of Online Trading Platforms Like Temu On Nigeria’s Economy
    3 weeks ago
    Unity Bank Launches GenFi, Targets Children, Teens With Gamified Banking Platform
    4 weeks ago
  • Health
    Health
    Show More
    Top News
    Lagos Moves To Tackle Neglected Tropical Diseases In 20 LGAs
    2 years ago
    2 Billion Genetically Modified Mosquitos To Release In The US
    Dangerous New Mosquito Breed Invades Ghana
    2 years ago
    IAS 2023: Health Leaders Celebrate Australia's HIV Success
    IAS 2023: Health Leaders Celebrate Australia’s HIV Success
    2 years ago
    Latest News
    Alimosho Football Coaches Council Set For Health, Safety Business Workshop
    1 week ago
    World Hypertension Day: Merck Foundation Commits To Improving Cardiovascular And Diabetes Care Across Africa
    2 weeks ago
    First Lady Gives Paediatric Support To Indigent Patients At Lagos General Hospital
    3 weeks ago
    Salt Awareness Week: CAPPA Urges Fed Nigerian Govt To Accelerate Salt Reduction Targets Regulation
    3 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Lottery Commission Pledges Support to Nigerian Bookmakers, Tasks Operators on Timely Remittances
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > News > Lottery Commission Pledges Support to Nigerian Bookmakers, Tasks Operators on Timely Remittances
News

Lottery Commission Pledges Support to Nigerian Bookmakers, Tasks Operators on Timely Remittances

Last updated: 2024/09/26 at 5:46 AM
8 months ago
Share
SHARE


The Director General of the National Lottery Regulatory Commission (NLRC), Mr. Lanre Gbajabiamila (OON), has reiterated the Commission’s commitment to supporting the Association of Nigerian Bookmakers (ANB), while also urging its members to ensure accurate and prompt remittances to the Federal Government. 


Speaking during a courtesy visit by the ANB in Abuja, Gbajabiamila expressed the Federal Government’s concern over the non-compliance of certain lottery operators, particularly those running unlicensed online casinos.

- Advertisement -
Ad imageAd image


“The Commission will, from now on, sanction operators who fail to remit their dues, change their business addresses without notification, or operate online casinos without the proper licenses,” Gbajabiamila asserted.


The visit provided a platform for ANB Chairman, Sheriff Babatunde Olaniyan, to outline several concerns troubling the association. These included allegations of non-compliance, recent NLRC enforcement actions in Ibadan and Lagos, issues with the Commission’s Cybersecurity Framework Fees, and concerns about withholding tax regulations. 


Olaniyan also raised the need for NLRC intervention on the Advertising Regulatory Council of Nigeria’s (ARCON) “unrealistic” guidelines, as well as clarification on the role of the National Lottery Trust Fund in gaming regulations.


In defense of ANB members, Olaniyan argued that the allegations of non-compliance were exaggerated, claiming that 98% of its members adhere to NLRC regulations. 


“The non-compliant operators are not active members of our association. We also urge the Commission to provide us with clearer guidelines for remittances and review the high fees for casino licenses, as they are prohibitive for young operators. Casino operations are mainly profitable during the football off-season,” Olaniyan explained. 


He also requested prior notification before NLRC enforcement actions so that operators could prepare and meet all regulatory requirements.


However, the NLRC was firm in its stance, with Gbajabiamila insisting that no prior notice would be given before enforcement exercises. He advised all operators to comply with the Terms and Conditions of their permits.


“We will not notify you before enforcement. For some time now, we have refrained from major enforcement actions, but now we must act. Some operators are running unlicensed online casinos and then claim they are unprepared when caught. We have reviewed the situation and decided it’s time to address the excesses of some non compliant operators” Gbajabiamila said.


Addressing the issue of casino license fees, Gbajabiamila stated that the Commission carefully considered the fees, and was not thinking of any downwards review for now. He reminded the ANB delegation that only financially capable operators were required to be in the industry.


Regarding ANB’s request for a review of quarterly remittances, Gbajabiamila noted, “We will get back to you on this, but we have it in good authorities that many operators are thriving financially. If necessary, we may begin revoking licenses to determine the actual number of solvent and serious operators.”


Gbajabiamila further addressed the ongoing jurisdictional dispute between the Federal Government and Lagos State, emphasizing that all online lottery activities fall under the Federal Government’s purview. 


He expressed the willingness of the NLRC to resolve all issues around this jurisdictional misunderstanding, which he said had lingered for a long time. 


“We have communicated this to the Lagos State government, and they have acknowledged our position. We are open and transparent about this. We believe that Federal agencies are unlikely to work with state bodies on this matter. The way forward therefore is for the issues to be amicably resolved as soon as possible in the interest of all stakeholders. The bottom line is revenue and we are ready to share it with states,” the NLRC DG remarked.


Gbajabiamila reassured the ANB that the NLRC was committed to supporting its members and would look into their requests for meetings with the Presidential Committee on the new tax regime, a review of cybersecurity fees, and engaging with the Executive Secretary of the National Lottery Trust Fund regarding concerns on regulatory overlap. 


Present at the meeting from the NLRC were members of the Commission’s management team, while the ANB delegation included its Chairman, Sheriff Babatunde Olaniyan, Legal Advisor Olafadeke Akeju, Executive Secretary Zuma Oladele-Alabi, and Chief Compliance Officer (Bet9ja), Adewale Akande.

You Might Also Like

IMSUAA 2025 Convention: Two Artistes From Lagos Chapter To Light Up Event

Lagos SWAN Celebrates Yeni Kuti On Her Special Day

Ado Ekiti Honours One of Its Own: A Tribute To Chief Tajudeen Oluyole Olusi

Owo Security Summit Holds 26 May

Lagos Prioritises 10 SDGs To Accelerate Impact

TAGGED: National Lottery Regulatory Commission
INadminNG September 26, 2024 September 26, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Organisers Ready To Stage Ikorodu DFA Grand Finale 29 September
Next Article Prince William’s Earthshot Prize Unveils 15 Groundbreaking Environmental Solutions
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?