Latest News

EFCC Recovers Over N4.16bn Unpaid Lottery Revenue

The Economic and Financial Crimes Commission (EFCC) has recovered over N4.16 billion unpaid revenue from lottery companies.

The Commission Chairman, Mohammed Umar Abbah made the disclosure on Thursday at the EFCC Headquarters while hosting a delegation from the Ministerial Task Force for recovery of unpaid revenues from lottery businesses, led by its chairman, Williams Alo.

Mohammed noted that lottery companies operating in the country were not forthcoming in remitting revenues that were due to the government hence the need for the EFCC to intervene.

While appraising the efforts of the Commission in this direction, he said, “We mapped out strategies which resulted in the recovery of over N1.16 billion from lottery companies, operating in Abuja with over N3 billion from their counterparts, operating in Lagos State.”

EFCC

He assured the task force of the EFCC’s unwavering support stating that “We are willing and ready to partner with you to ensure that lottery companies that have continuously shortchanged the government are made to cough out all the revenues they had deprived the government over the years.”

Alo, who is also the Permanent Secretary, Ministry of Special Duties and Inter-governmental Affairs, commended the EFCC for its effort in recovering the unremitted lottery funds.

“Let me acknowledge the efforts of this Commission for the assistance it has rendered not only to the Federal Government of Nigeria but specifically to the lottery industry in Nigeria. It is in our record that the EFCC has assisted the lottery business in no small way, because a lot of recoveries have been made for us by the EFCC and the money recovered has always been handed over to the lottery trust fund,” Alo said.

Help Aledeh News deliver the independent journalism Nigeria and the world need. Support us by making a contribution. Your donation allows Aledeh News to be completely independent. But it also means this online platform is only possible because of the support of readers like you. Support Now!
Tags

Related Articles

Leave a Reply

Your email address will not be published.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

Back to top button
Close
Close
Close Bitnami banner
Bitnami