How EFCC Raised NLTF Remittance Inflows to N2.1bn
The Executive Secretary and Chief Executive Officer of the National Lottery Trust Fund, Bello Maigari, has commended the Economic and Financial Crimes Commission for helping to widen NLTF’s revenue base through enhanced remittance inflows from N800 million to N2.1 billion annually.
He gave the commendation in Abuja recently when he led his management team on a courtesy visit to EFCC’s headquarters. Maigari stated that the anti-graft agency’s intervention assisted NLTF in growing its revenue profile and the number of lottery operators.
“Before the commission’s intervention, remittance inflows could not exceed N800 million annually. However, when the exercise started in 2020, there was a significant increase in remittance inflows between N1.8 billion and N2.1 billion and the same applied to number of lottery operators from barely 10, their numbers steadily increased to 48 as at last count”, he said
In a statement issued by EFCC’s spokesman, Dele Oyewale, Maigari lauded the rising performance of the Executive Chairman of the agency, Ola Olukoyede, since he assumed office, pointing out that his performance has been phenomenal
Maigari appealed to the EFCC to help steer the implementation of the NLTF’s Revenue Assurance Platform, describing it as “a strategic revenue mobilization initiative being driven by the Federal Ministry of Finance on behalf of the National Lottery Trust Fund.”
Olukoyede hailed the visit and the good work Maigari is doing in revenue mobilisation and recovery. He charged him to work harder, stressing that the commission was ready to support his Fund in its drive for larger remittance inflows
The EFCC boss urged Maigari to furnish the EFCC with intelligence on the number of registered and unregistered betting and gaming platforms across and outside the country, promising that unregistered ones would be compelled to comply with the laws.
