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Lottery commission blocks funds for laundering, terrorism, others


The National Lottery Regulatory Commission (NLRC) has perfected stringent measures to deter money laundering, financing of terrorism, the proliferation of weapons of mass destruction and other predicate offences in the lottery industry in its effort to serve Nigeria and the industry better.

It was learnt that the new technology-based measures are being attained through information and intelligence sharing with the relevant agencies and arms of government,


The Head of Public Affairs Department of the commission, Magnus Ekechukwu, disclosed the move when he spoke to journalists on the sideline of a workshop on “Effects of Hate Speech, Fake News, Financial and Cybercrimes on National Security “in Nasarawa State at the weekend.

Ekechukwu, who spoke on behalf of the Director-General of the commission, Lanre Gbajabiamila, said that the NLRC had signed a Memorandum of Understanding (MoU) with the Nigerian Financial Intelligence Unit (NFIU) and the National Lottery Trust Fund (NLTF) for efficient and effective implementation of the measures.

He said that since assumption of office, Gbajabiamila had been methodically and successfully introducing well thought out and sustainable policies and programmes to reposition the 15-year old commission for better revenue generation and protection of stakeholders, particularly the Federal Government, in its fight against corruption, terrorism and insecurity.

The commission’s spokesman explained that the MOU was signed to strengthen and ensure transparency in the lottery industry, facilitate the exchange of knowledge and expertise through training programmes and promote a better understanding of economic and legal conditions relevant to the enforcement of applicable laws and statutes.


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