EFCC Recovers N4.16b Debt Owed FG by Lottery Companies

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EFCC Recovers N4.16b Debt Owed FG by Lottery Companies

The Economic and Financial Crimes Commission has recovered at least N4.16 billion out of the debt owed the federal government by lottery companies.

The Acting Chairman of the EFCC, Mr. Mohammed Umar Abba, gave the figure on Thursday when a delegation from the Ministerial Task Force for recovery of unpaid revenues from lottery businesses, led by its chairman, Williams Alo, visited the commission in Abuja.

Mohammed noted that lottery companies operating in the country were not forthcoming in remitting revenues that were due to the government hence the need for the EFCC to intervene.

While appraising the efforts of the Commission in this direction, he said, “We mapped out strategies which resulted in the recovery of over N1.16 billion from lottery companies, operating in Abuja with over N3 billion from their counterparts, operating in Lagos State.

He assured the task force of the EFCC’s unwavering support stating that “We are willing and ready to partner with you to ensure those lottery companies that have continuously shortchanged the government are made to cough out all the revenues they had deprived the government over the years.”

Alo, who is also the Permanent Secretary, Ministry of Special Duties and Inter-governmental Affairs, commended the EFCC for its effort in recovering the unremitted lottery funds.

“Let me acknowledge the efforts of this Commission for the assistance it has rendered not only to the Federal Government of Nigeria but specifically to the lottery industry in Nigeria. It is in our record that the EFCC has assisted the lottery business in no small way, because a lot of recoveries have been made for us by the EFCC and the money recovered has always been handed over to the lottery trust fund,” Alo said.

Alo, however, solicited for more support and collaboration of the Commission in the fund recovery drive of the task force.

“Our main purpose is to solicit for continuous collaboration and partnership, after all we are in the same line of business which is making sure that life is better for Nigerians,” Alo stated.

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