REPS TO PROBE 19 LOTTERY FIRMS - Soul 2 Soul Mates Blog

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2/01/2018

REPS TO PROBE 19 LOTTERY FIRMS

REPS TO PROBE 19 LOTTERY FIRMS
The House of Representatives yesterday mandated its Committee on Governmental Affairs to investigate the
activities of licensed lottery operators from 2000 to date with a view to ensuring that tax defaulters among them are made to pay promptly.
This was sequel to the adoption of a motion by Hon. Abdulrazak Namdas  (APC, Adamawa), who noted that out of the 21 licensed lottery operators in the country, only about two or three have successfully paid their fees and other taxes to the Federal Government over the last few years, thus leading to the country losing millions of naira in revenue from lottery operations.

“All over the world, tax evasion is deemed a very serious offence as most advanced countries sustain their economies through effective and transparent taxation system where operators of businesses pay their taxes promptly.

“The Nigerian Lottery Commission can become one of the revenue generating agencies if the operators of lottery are made to pay taxes to the Government as and when due, as the government needs the money to execute various projects rather than borrowing to fund the annual budget.
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