EFCC recovers unremitted N4.16b from lottery firms
The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mohammed Abba, said yesterday the commission recovered over N4.16 billion unremitted revenue from lottery companies.
What customers tend to benefit from NairaWin, by Edu
Olusegun Edu is the Executive Director, VASCOM, a digital company providing value-added services. The firm offers products, including content, ticketing, lottery, entertainment and gaming.
Lottery commission threatens to arrest, revoke licences of erring operators
In a move to tackle challenges of dwindling revenue, the Director-General, National Lottery Regulatory Commission (NLRC) Lanre Gbajabiamila has asked all erring lottery operators to defray all debts owed to the Federal Government or face stiff sanctions which may include revocation of licenses, as well as arrests and prosecution.
Lottery Player Wins Record Breaking ₦316B
History was made in the North American state of South Carolina as a lottery player won the Mega Millions lotto worth ₦540,000,000,000 ($1,500,000,000) and opted for the one time payment option of ₦316,002,284,640 ($877,784,124). The lucky ticket was purchased at a KC Mart convenience store in Simpsonville, with shop owner C.J. Patel telling CBS News…
Reps probe lottery operators over alleged tax evasion
The House of Representatives yesterday ordered an investigation into the activities of the licensed lottery operators in the country from 2000 to date over alleged non-payment of taxes and fees. The order was given after adopting a motion sponsored by Mr. Abdulrazak Sa’ad Namdas during plenary session presided over by the Speaker, Yakubu Dogara. The…