Lagos State House of Assembly says a bill to make operators
of lottery, pools and betting pay N20 million as licence fees to the government
is underway.
The legislature made this known at a public hearing on the
bill in Lagos.
The bill is entitled; “Lagos State Lotteries and Gaming
Authority Bill Arrangement of Sections”.
Deputy Speaker, Wasiu Sanni-Eshinlokun, explained that the
new bill seeks to consolidate all the laws in the sector.
It will repeal existing laws such as the Lagos State
Lotteries (Amendment) Law 2008, the Lagos State Lotteries Law (2004), and the
Casino and Gaming Regulatory Authority Law (2007).
Others are Casino and Gaming Regulations (2007), Pools
Betting Control Law (2003) and Pools Betting Tax Law (2003).
Eshinlokun said before a license is granted to an operator,
“the authority shall be satisfied that the applicant is a registered company in
Nigeria with a minimum share capital of N20million or as may be directed by the
authority.”
The lawmaker said the bill addresses cybersecurity and urged
the people to take it serious.
A stakeholder, Adebagun Nojeem, called for inclusion of
gaming investors in the state’s Lottery Board.
Nojeem, however, appealed that the N20million share capital
be reduced.
“It would have a retroactive effect on the companies that
have been registered. Pool is a game of senior citizens. With the new capital
base, we may go under.
“The 10 percent charges on sales should be reduced to about
2.5 percent. Penalty of N2.5 million should be reduced to N1million or N500,000
and the issue of imprisonment should be removed,” he said.
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