The Federal Authorities says it misplaced billions of Naira from 2015 until date on account of unpaid income from lottery operators in Nigeria.
George Akume, Minister of Particular Duties and Intergovernmental Affairs mentioned this on Tuesday.
He spoke whereas inaugurating an 11-man ministerial taskforce committee for the restoration of the funds.
NAN studies that the committee is chaired by Williams Alo, Everlasting Secretary within the ministry.
Members are Lanre Gbajabiamila, Director-Normal, Nationwide Lottery Regulatory Fee, Bello Maigari, and Okechukwu Odunna.
Others are Stella Maduka, Okunade Sarah, Simon Tyungu, Jude Ughwujabo, and representatives of the Central Financial institution of Nigeria (CBN), Financial and Monetary Crimes Fee (EFCC) and Nigeria Police.
The Minister recalled that he consulted extensively with business stakeholders however was unhappy with findings of lottery operations.
“It’s clear that historic revenues collections from lottery and gaming transactions have underperformed leading to vital losses to the federal government.
“Regardless of my earlier enchantment for an elevated effort by operators to pay what they owe, statutory returns proceed to be poor or nonexistent,“ Akume mentioned.