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Tag: NLTF

  • Adeyanju resumes at NLTF

    Adeyanju resumes at NLTF

    The newly appointed Executive Secretary and Chief Executive Officer of the National Lottery Trust Fund (NLTF), Tosin Adeyanju, has resumed.

    Adeyanju, who promised to add value to the renewed hope agenda of the Federal Government, promised to be an ambassador of renewed hope and trust fund. He emphasised that vulnerable Nigerians and communities in need will benefit from the intervention under his leadership.

    He solicited for the support and cooperation of  the staff in the efforts towards moving the fund to the next level, assuring that together, they will make progress.

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    He emphasised the importance of open communication, urging the staff to organise themselves and have representatives who can speak on their behalf.

    Director of Admin, Rabiu Adamu, on behalf of the staff, welcomed Adeyanju, describing him as a man loved by all tribes and not tribalistic. He assured Adeyanju of the staff’s cooperation and support in his leadership.

  • Lottery agency lauds EFCC for raising remittance inflows to N2.1b

    Lottery agency lauds EFCC for raising remittance inflows to N2.1b

    National Lottery Trust Fund (NLTF) Executive Secretary Dr. Bello Maigari has hailed the Economic and Financial Crimes Commission (EFCC) widening its revenue base.

    A statement by EFCC spokesman Dele Oyewale, in Abuja yesterday, said Maigari gave the commendation when he visited the Commission Chairman, Mr. Ola Olukoyede in Abuja.

    The statement quoted Maigari as saying that the EFCC had helped widen the revenue base of the Fund through enhanced remittance inflows from N800 million to N2.1 billion annually.

    Maigari said the intervention had assisted NLTF to grow its revenue profile and number of lottery operators.

    The statement reads: “Before the Commission’s intervention, remittance inflows could not exceed N800 million annually.

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    “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 lauded the agency’s performance since Olukoyede took the saddle as its chairman.

    The statement quoted the NLTF boss as saying: “Let me once again congratulate you on your well-deserved appointment to this high office, and to commend you and members of your able team for your exemplary leadership, courage and patriotism in stemming the tide of growing financial crimes in the country.”

    Maigari was quoted as saying that lottery and gaming industry had grown significantly to over N2 trillion, and called for increased collaboration with the EFCC to sustain the growth as well as recover outstanding liabilities from lottery operators.

    Speaking further, Maigari appealed to the EFCC to help in steering the implementation of the Revenue Assurance Platform of the NLTF, describing it as “a strategic revenue mobilisation initiative being driven by the Federal Ministry of Finance on behalf of the Fund”.

    The statement also quoted Olukoyede as appreciating the visit and the good work Maigari was doing in the area of revenue mobilisation and recovery.

    He charged the NLTF boss to work hard, adding that the Commission was ready to support the Fund in its drive for larger remittance inflows.

    Olukoyede urged Maigari to furnish the EFCC with intelligence on the number of registered and unregistered betting and gaming platforms across and outside the country.

    He promised that unregistered ones would be compelled to comply with the laws of the nation to do the right things.

  • Group debunks allegation against NLTF

    Group debunks allegation against NLTF

    The Center for Peace, Transparency and Accountability has refuted the allegation of misappropriation of internally generated revenue (IGR) by the National Lottery Trust Fund (NLTF).

       The Executive Director, Comrade Patrick Ogheneyero, said NLTF acted in accordance with the law establishing it.

     The House of Representatives Committee has placed the NLTF on status enquiry for spending the entirety of its IGR.

     Ogheneyero said: “Part of the allegations is that the agency failed to justify the spending of six billion IGR in 2022 and spending the money without budgetary approval.

      “The panel also alleged that NLTF also spent over N2.0 billion in 2023 without approval.”

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    He said the allegations are baseless since there was no single evidence to prove the act of misappropriation committed by the NLTF while discharging its enshrined mandate.

     “In fact, all its actions are fully guided and backed by laws and in line with the provisions of the Act that established the agency as overseer and revenue generation body around the gaming industry in Nigeria.

      “Thus, it behooves on us to shed light on this matter as it pertains to transparency, accountability and ethical conduct of public officials.

      “To set the record straight, we refer to the Act that established the NLTF as an independent body, which empowers the Trust Fund to use its IGR, after 40 per cent deduction from source in line with finance act 2020.  

    “Section 40 of the National Lottery Trust Fund Act gives its management the power to use the fund as an intervention fund in specific areas of critical human interests aimed at improving the citizens’ lives and welfare.

  • Fed Govt agency pledges to offer best services

    Fed Govt agency pledges to offer best services

    National Lottery Trust Fund (NLTF) has pledged to ensure best practices in its responsibilities and work environment.

    This is as the Bureau of Public Service Reforms (BPSR) rated it as the best performing agency in 2022.

    Director-General of the bureau, Arabi Dasuki, spoke in Abuja at presentation of 2022 Self Assessment Tool (SAT) report and award to NLTF.

    He noted the self and validation assessment of federal Ministries, Departments and Agencies put NLTF as top in responsibility and quality of work.

    “Upon Federal Government directives, Bureau of Public Service Reforms in 2022 deployed its self assessment tool (SAT) on National Lottery Trust Fund and others.

     “The objective is to identify NLTF’s strength and weaknesses, as towards ensuring it is fit for purpose and optimal performance.’’

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     After the exercise, NLTF scored 75.24 per cent and got a Gold Level organisation that exceeds expectation, he said.

     He noted NLTF’s performance exceeded expectations in responsibility and work quality rated as above average.

     Dasuki noted the findings showed NLTF operates a strategic plan with high-level output aligned to approved budgets, and it has financial management systems and procedures that comply with government accounting policies and standards.

    Dr Bello Maigari, executive secretary of the fund, hailed  the integrity and transparent assessment of the bureau.

    Maigari said the outcome showed the competencies and strength of BPSR reforms.

    “It has shown to Nigerians that an agency of this structure and nature can fulfill and transform this country to greatness.

     “This is the second award we have received; we happened to be the best on ICPC 2022 Score Card report on ethics, integrity and compliance,” Maigari said.

     He attributed the feat to hard work, dedication, as well as loyalty and support of empioyees.

     “I want to encourage you to continue on that path,” he said. 

    Commenting on national affairs, Maigari said the administration of President Bola Tinubu is working through its Renewed Hope Agenda to ensure people get best services.