SHALOM OLALEYE
The Nigerian Communications Commission, NCC, has renewed its Memorandum of Understanding with the National Lottery Regulatory Commission, NLRC.
The MoU signed on Wednesday in Abuja, made provisions to deter unapproved lottery and gaming practices on telecommunications platforms through information and intelligence sharing.
Executive Vice Chairman, NCC,Umar Danbatta, said,
“The MoU, which will impact the gaming industry, is in sync with the Commission’s Strategic Vision Plan (SVP) and is in a bid to promote fair practices in the industry for the protection of telecommunications consumers in relation to lottery and gaming activities”
“The initial MoU expired in 2022, amendments and modifications have been made since no MoU is cast in stone, especially given the industry’s dynamic nature.”
The Director General, NLRC, Lanre Gbajabiamila also noted how unapproved lottery and gaming activities and practices undermine the integrity of domestic and global gaming markets to the detriment of stakeholders in addition to undermining consumer confidence in these markets, hence the collaboration with the Commission to arrest such tendencies.