Despite the lockdown pandemic where the world face with high set back, every soul hunting for the success to survive and the ability to steer the financial ability of life.
The National Lottery Regulatory Commission has slammed a N10m fine on a promotional lottery operator, Sponge Nigeria Limited, for failing to pay a total sum of N138m to its winners in its last promo titled, ‘Better Life Billionaire Promo’.
The NLRC also asked the company to pay, without further delay, all lucky winners in its concluded promotional lottery or face the full wrath of the law.
This was contained in a correspondence to Sponge Nigeria Limited, dated May 27, 2020 in which reasons for the fine were conveyed.
Sponge Nigeria Limited had over six months ago conducted the promo where several participants won varying amounts of money, totaling about N138m but has failed to redeem these winnings due to reasons the commission considers unacceptable.
The letter to the company, signed by the Director-General, NLRC, Lanre Gbajabiamila, read in part “Your continued failure and/or refusal to pay legitimate winnings is a flagrant violation of the National Lottery Act 2005 (“Act”) and Regulation, and Operational Terms and Conditions, which were duly signed by you on August 2, 2019.
“By accepting NLRC permit for the BLB promo, Sponge was legally bound to conduct its affairs with all due propriety and protect participating stakeholders. Under express terms of the signed terms and conditions, Sponge promised to ensure that all prizes and monies due to prize winners are redeemed in full.”