Two leading public bodies in Nigeria have announced a new push to root out rogue betting companies in the country’s gambling sector.
The Corporate Affairs Commission (CAC) and the National Lottery Regulatory Commission (NLRC) have formed a new partnership, through which they will work together to scrutinise applications from companies who want to operate lotteries in the country.
Speaking about the arrangement, the Director General at the NLRC, Lanre Gbajabiamila, said that it was overdue and that the NLRC was limited in how much it could do on its own, due to the fast growing and changing nature of the Nigeria betting sector.
For the CAC, the Registrar General and Chief Executive Abubakar Garba, said that the CAC had experienced difficulties in the past associated with the registering of lottery operators and that he hoped that by working more closely with the NLRC, some of these problems would be solved:
“We have had issues in the past with the registration of lottery companies. This made us revisit the earlier requirement that approval in principle must be obtained from the NLRC before such registration.”
He added that there would be significant changes to the way that licence approvals were granted in these cases. Under the new arrangement, the CAC will set up a database that the NLRC would be able to use to quickly establish whether a lottery company has been properly registered.
Gbajabiamila also said that although the two bodies had been working together for many years, they would be stepping up this co-operation in order to root out rogue operators. Previously, the co-operation had not been sufficient to stop some firms slipping through the net, which led to issues with integrity and corruption within the Nigeria betting sector.