POST YOUR ADVERT HERE 09012917552: The New Synox Earbuds Launched in Nigeria - Click image for more info
Header AD Image

Federal Government slams N10m fine on Lottery Operator for violating operational conditions

Read Time:1 Minute, 41 Second

Federal Government slams N10m fine on Lottery Operator for violating operational conditions

NrrkQ15CJV1JyqhxrHBuPIGaT1CREdNrXVJIlAbZ56wa38qdSIMk2yjpCx0bOuwkpUONZqglvbkUyuiAp2jWYh5DAd8a5PEARkv9Ce nGGdnCLc10Kn2auv1iyEVrCdm7FQQKH0I2iufuHfZaqXC5SWWNUH2cE3ziIlnMw=s320

THE Federal Government through the National Lottery Regulatory Commission NLRC has slammed a fine of ten million naira on Sponge Nigeria Limited for violating the operational terms and conditions of its promo permit.
The Commission has also directed the promotional lottery operator to pay, without further delay, all lucky winners in its concluded promotional lottery captioned “Better Life Billionaire Promo”.
This was contained in a letter to Sponge Nigeria Limited, dated 27th May 2020 and signed by the Director-General, NLRC, Mr Lanre Gbajabiamila.
The letter alleged that Sponge Nigeria Limited had over six months ago conducted a promotional lottery captioned Better Life Billionaire Promo where several participants won varying amounts of money, totalling about one hundred and thirty-eight Million Naira (N138,000,000.00) but has failed to redeem these winnings due to reasons the Commission considers unacceptable.
It read, “Your continued failure and/or refusal to pay legitimate winnings is a flagrant violation of the National Lottery Act 2005 (“Act”) and Regulation, and Operational Terms and Conditions, which were duly signed by you on 2nd August 2019.
“By accepting NLRC permit for the BLB promo, Sponge was legally bound to conduct its affairs with all due propriety and protect participating stakeholders.
“Under express terms of the signed Terms and Conditions, Sponge promised to “ensure that all prizes and monies due to prize winners are redeemed in full.”
Besides other alleged violations, NLRC DG told Sponge that its failure to pay winnings undermines the integrity of the lottery/gaming industry and was inconsistent with transparency accountability and fairness which are hallmarks of the Commission’s operations.
The Commission said it finds Sponge in breach of the operational terms and conditions which consequently results in “an additional violation fee in the sum of ten million naira (N10,000,000) which if not paid as soon as the letter was received would attract additional sanctions and enforcement action to the full extent of applicable law.

 98 

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post End time!! Rape epidemic: 4 masked men gang-rape 12-year-old girl in Lagos
Next post Motherhood is beautiful and special – Regina Daniels says as she shares stunning new maternity photos