By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    UNICEF Raises Alarm Over 14m Children Worldwide At Risk Of Malnutrition
    4 weeks ago
    United Nations for Women
    In 8 Days, 830 Killed In Gaza – UN Women Raises Alarm
    1 month ago
    Sudan
    Beijing Declaration: Nations Reiterates Commitment To Rights Of Women
    2 months ago
    VFS Global
    VFS Global Launches Artificial Intelligence -Powered Chatbot For UK Visa Customers In Nigeria, 140 Other Nations
    2 months ago
    Bigo Live’s Global Community Marks a Year of Influence at Annual Gala
    4 months ago
  • Africa
    Africa
    Show More
    Top News
    UN Women Kenya Trains Motorcycle Taxi Operators
    2 years ago
    Nigeria To Host Sahel Climate Fund Secretariat
    2 years ago
    Dangote Recounts Investors’ Bad Experience With AU Passports In Some African Nations
    2 years ago
    Latest News
    African Union Champions Artificial Intelligence for Africa’s Socioeconomic Transformation
    1 month ago
    United Kingdom Looks to Deepen Energy Trade, Investment Ties with Africa
    2 months ago
    African Leaders Unite to Mobilize African Investment and Financing for Implementing Agenda 2063
    2 months ago
    How Youssouf Upset Odinga To Emerge New AU Chair
    3 months ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Impunity, Insecurity Threaten Nigeria’s General Elections
    2 years ago
    Warri South Leaders Seek Review Of Delta South Senatorial Election Result
    2 years ago
    Obasa Returns As Speaker, Lagos House Of Assembly
    2 years ago
    Latest News
    LG Election: Stakeholders Appeal To APC Not To Allow Chairmen Run For 3rd term
    5 days ago
    More APC Chairmanship Aspirants Reject Indirect Primary For Local Govt Elections In Lagos State
    7 days ago
    Youth Party Sets May 18 for Lagos LG Primary Elections, Slashes Fees For Women and PWDs
    3 weeks 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
    11 months ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    Chief (Mrs) Aweni Oluwale Buried Amid Pomp In Oke Ore In Ado Odo/Otta LG
    3 hours ago
    Lagos Govt Organises Canada Overseas Study Tour For Youth Leaders
    1 week ago
    May Day 2025: CAPPA Urges FG, States to Prioritise Workers Welfare, Demands Implementation of a Living Wage
    1 week ago
    Umuezie Elections: Unity In Political Diversity is Key For Community Development, Former IMSUAA Boss Tells New Executive
    2 weeks ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    BBNaija 7: Biggie Metes Out Punishment To Amaka, Chizzy
    3 years ago
    BBTitans Finale: Ipeleng Shows Tactical Nuance With Ebubu
    2 years ago
    Music Publishers Slammed Twitter With $250M Copyright-infringement Lawsuit
    2 years ago
    Latest News
    Prestige, Impact: Why AMVCA is the People’s Award Show
    3 days ago
    Celebrating African Cinema: AMVCA’s Growing Influence in Global Entertainment
    3 weeks ago
    Boulder International Film Festival Announces 2026 Festival Dates
    3 weeks ago
    Voices of the Future: How MultiChoice Talent Factory (MTF) Filmmakers are Redefining African Storytelling
    1 month ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Organisers Unveil 3rd Festival Of Art For Economic Development Holding In February
    1 year ago
    It’s Celebration Galore As Prophet Zaccheus Adeogun Turns 75
    2 years ago
    United African Methodist Church
    UAMC Holds 83rd Annual Delegates’ Conference
    4 months ago
    Latest News
    Yemisi Shyllon Museum of Art and Toledo Museum of Art Launch Historic Cultural Exchange
    3 days ago
    Piracy in Africa’s Creative Sector: How Creators Can Protect Their Content
    3 weeks ago
    Fanti Carnival Returns To Lagos This Easter Sunday
    3 weeks ago
    Ara Adire Fashion Show 2025 To Celebrate Culture, Style And Creativity In Abeokuta
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Impact Of Online Trading Platforms Like Temu On Nigeria’s Economy
    1 day ago
    Unity Bank Launches GenFi, Targets Children, Teens With Gamified Banking Platform
    6 days ago
    Africa Energies Summit
    Africa Energies Summit in London Must Prioritize Hiring Black Africans
    6 days ago
    Fitch Rating: Lagos Economy Is Stable
    1 week ago
    National Oil Spill Detection and Remediation Agency
    How Nigeria Lost $78.2m To Gas Flaring In Early 2025
    1 week ago
  • Health
    Health
    Show More
    Top News
    In Ghana, Demands For Body Enhancement Surgeries On The Rise
    2 years ago
    Women And Men Mistakenly Given Different Advice To Prevent Heart Disease
    2 years ago
    FIND Welcomes Adoption Of Historic WHO Assembly Resolution On Diagnostics
    2 years ago
    Latest News
    VillageReach Names Dr. Ahmed Ogwell As CEO To Drive Its 2030 Strategy
    2 weeks ago
    Trump’s Trade War: Prescription Drugs Become a Target
    4 weeks ago
    BPAN Unveils Free Healthcare Program for Nigerian boxers, signs MOU with NIH
    4 weeks ago
    More Than A Disease, TB Is A Symptom Of Underinvestment By Dr Allan Pamba
    1 month ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: NLRC Launches National Premium Identity Verification Platform
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 > Banking & Finance > NLRC Launches National Premium Identity Verification Platform
Banking & FinanceBusiness

NLRC Launches National Premium Identity Verification Platform

Last updated: 2023/04/02 at 4:20 PM
2 years ago
Share
SHARE

*Reads Riot Act to operators on compliance

Lanre Gbajabiamila, National Lottery Regulatory Commission boss

In a move geared towards mitigating and curbing unscrupulous activities in the industry, the National Lottery Regulatory Commission (NLRC) has launched the National Premium Identity Verification Platform (NPIVP).

According to the Director General of the NLRC, Mr. Lanre Gbajabiamila, who spoke during a Stakeholders’ Engagement on Know Your Customer (KYC) and Verification Issues in the Nigerian Gaming Industry held at his office in Abuja, the new NPIVP will provide identification in less than 8 seconds, attach real-time human faces to players, minimize fraud, ease compliance and encourage more participation in the industry.

Lamenting Federal Government’s concern about prevalent complaints relating to customer identity and verification in the industry, the DG said further that the initiative is in line with the Commission’s mission of creating a safe and secure environment for operators and players.

“Our mission in the NLRC is to create an enabling, safe and secure environment for operators and players while ensuring the Nigerian Gaming Industry thrives. As we are aware, the National Lottery Regulatory Commission is the apex gaming regulatory institution in Nigeria, saddled with the responsibility of regulating the operation and business of the national lottery, setting standards, guidelines and rules; that ensure transparency and integrity and also protect the interest of players, stakeholders and the public; while also carrying out periodic industry-wide assessments and other such duties as may be directed by the President; per the National Lottery Act 2005 (as amended).

- Advertisement -
Ad imageAd image

“To this end, the Commission has collaborated with other Federal Government agencies to promote the gaming industry and ensure a safe and secure gaming environment. We want to notify you that the Commission recently executed a memorandum of understanding with the National Financial Intelligence Unit, NFIU, the Nigerian Communication Commission, NCC, as well as the Control Unit against Money Laundering, SCUML.

“More importantly, the NFIU and the CBN have brought to the attention of the Commission the gaming operators’ low compliance with the existing Anti Money Laundering and Combating the Financing of Terrorism Laws in Nigeria,” Gbajabiamila said.

Reading the Riot Act to operators, Gbajabiamila directed all gaming operators to identify and verify the players and users of their various gaming platforms, while ensuring that the collected and collated personal data is secure.

“Concerning the minimum requirement(s) of Customer due diligence (KYC), it is imperative to state that ALL Gaming Operators MUST identify and verify the players and users of their various gaming platforms while ensuring that the collected and collated personal data is secure.

“I want to restate that Section 4 of the Money Laundering (Prevention and Prohibition) Act 2022 mandates Gaming Operators to identify and verify customers’ identity before establishing and including ongoing business relations.

“Section 4 (1) (b) of the Act and Section 33 (3) of the EFCC DNFBPs Regulation 2022 provide that businesses shall verify the identity of their customers using a reliable, independent source, document, data or information. Importantly, Section 2.1(b) of the Nigeria Data Protection Regulation, 2019, enumerates that data obtained from data subjects should be accurate,” Gbajabiamila stated.

Reacting to the initiative, the Commissioner, Nigeria Data Protection Bureau (NDPB), represented by a senior officer of the Bureau, Mr. Babatunde Bamgboye, said that the proactiveness of the Commission was timely and in line with the Federal Government’s Anti-Money Laundering Act.

He said: “We want to first commend the National Lottery Regulatory Commission for putting forward this initiative.

Similarly, the Team Lead of the Nigerian Financial Intelligence Unit (NFIU), Mr. Abbas B., said the new NPIVP will help tackle criminality in the lottery industry by reporting suspicious transactions. According to him, “It’s a brilliant innovation”.

“The gateway to tackling criminality is Knowing Your Customer (KYC) and the NPIVP is a step in the right direction. It is a brilliant innovation because it will do due diligence on customers/players in the lottery industry. This is really commendable going forward,” he added.

For the representative from the Central Bank of Nigeria (CBN) Mr. Abubakar Zanna, the NPIVP will mitigate hacking of customers’ accounts by criminals, as well as tackle fraud in the system.

“The CBN has been inundated with reports of customers’ wallets being hacked daily but this initiative will help tackle this. The CBN is willing to collaborate further with the NLRC in making sure that the benefits are maximized,” he said.

On his part, the representative from the Nigeria Communications Commission (NCC), Clement Omife, who is the Deputy Director, Consumer Affairs Bureau, said his agency has done a lot about KYC, especially in partnership with the National Identity Management Commission (NIMC) because it is a critical aspect of its mandate.

“We really appreciate the NLRC for this wonderful initiative. We have been doing this KYC and I can tell you that it will help mitigate a lot of criminality in the lottery industry. The NCC is ever ready to collaborate further with the NLRC to make sure this project succeeds.”

Reacting to the initiative, the Association of Nigerian Bookmakers (Lottery Operators) led by their Executive Secretary, Akingba Olabimpe, were unanimous in their support for the NPIVP but raised fears about the success due to issues of jurisdiction between the Federal/State regulators.

According to her, they already had KYC in their various companies but want the Commission to address the issue of jurisdiction as it affects states, adding that the initiatives could also lead to double taxation on them if the jurisdictional issues are not addressed.

In his response, the DG assured that the Commission was aware of the operators’ challenges and that the issue of jurisdiction between the states was already in court and will be resolved soon. He emphasized further that the NPIVP was a Federal Government initiative that must be complied with without question as they have nothing to worry about.

“The NPIVP is a Federal Government initiative and you have no choice but to comply. NLRC is a Federal Government regulator and will not depend on operators’ data when it comes to KYC.

“I want to assure you that state regulators have no power to negate a Federal Law. The NPIVP provides a second layer verification and your data is safe with us. You also need to let us know who your independent verifiers are because things must be done right.

“The NPIVP has come to stay but every grey area noticed will be sorted out.  It’s a new dawn for the lottery industry in Nigeria,” the DG concluded.

The meeting is the first since the reappointment of the Director General, Mr. Lanre Gbajabiamila for another four-year term.

You Might Also Like

Impact Of Online Trading Platforms Like Temu On Nigeria’s Economy

Unity Bank Launches GenFi, Targets Children, Teens With Gamified Banking Platform

Africa Energies Summit in London Must Prioritize Hiring Black Africans

Fitch Rating: Lagos Economy Is Stable

How Nigeria Lost $78.2m To Gas Flaring In Early 2025

TAGGED: National Lottery Regulatory Commission, National Premium Identity Verification Plat
INadminNG April 2, 2023 April 2, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Deacon Banjo Omole May 7 World Praise Day Convener Celebrates Tinubu, Sanwo-Olu’s Election Victories
Next Article Deborah Multi-Specialist Hospital & Diagnostics Center ‘Deborah Multi-Specialist Hospital & Diagnostics Center, A Wake-Up Call To Ondo State Indigenes To Give Back To The Society’
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?