NATIONAL LOTTERY ACT, 2005

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LAWS OF THE FEDERATION OF NIGERIA

NATIONAL LOTTERY ACT, 2005

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EXPLANATORY MEMORANDUM

This Act provides for the operation of the national lottery and the establishment of the National Lottery Regulatory Commission charged with responsibility for the regulation of the business of national lottery in Nigeria as well as the establishment of a National Lottery Trust Fund.

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ARRANGEMENT OF SECTIONS

PART I – ESTABLISHMENT OF THE NATIONAL LOTTERY REGULATORY COMMISSION AND ITS GOVERNING BOARD, ETC.

1. Establishment of the National Lottery Regulatory Commission
2. Establishment and membership of the Governing Board
3. Tenure of office
4. Cessation of membership
5. Emoluments, etc. of members
6. Powers of the Board

PART II – FUNCTIONS OF THE COMMISSION

7. Functions of the Commission.

PART III – STAFF OF THE COMMISSION

8. Director-General of the Commission, etc.
9. Other staff of the Commission
10. Act, 2004 No.2.

PART IV – FINANCIAL PROVISIONS

11. Fund of the Commission
12. Expenditure of the Commission
13. Annual estimates and accounts
14. Annual reports.
15. Power to accept gifts.
16. Power to borrow.

PART V – OPERATION OF NATIONAL LOTTERY, ETC.

17. Operation of the business of a national lottery
18. Application for license
19. Grant of license
20. Duration of a license
21. Revocation of license
22. Certain restrictions on national license
23. Appointment of agents by a licensee to manage lotteries, etc.
24. Application of proceeds of a national lottery.
25. Financial statements and records of license
26. Annual reports by licensee.
27. Auditing of accounts and financial statements of the licensee.
28. Powers of the external auditor.
29. Sale of lottery tickets
30. Commercial lottery, etc. syndicating prohibited
31. Unclaimed prizes
32. Application of this Act to existing license
33. Agreement with another country on national lottery.
34. General offences and penalties.

PART VI – ESTABLISHMENT OF THE NATIONAL LOTTERY TRUST FUND AND ITS BOARD OF TRUSTEES

35. Establishment of the National Lottery Trust Fund
36. Establishment and composition of the Board of Trustees tor the Trust Fund.
37. Tenure of office
38. Cessation of membership
39. Emoluments, etc. of members
40. Application of the Trust Fund.

PART VII – POWERS OF THE BOARD OF TRUSTEES AND FUNCTIONS OF THE TRUST FUND

41. Powers of the Board of Trustees.
42. Functions of the Trust Fund.

PART VIII – STAFF OF THE TRUST FUND

43. Secretary of the Trust Fund.
44. Other staff of the Trust Fund
45. Act, 2004 No.2
46. Annual estimates and accounts.
47. Annual reports
48. Power to accept gifts.
49. Power to borrow.

PART IX – LEGAL PROCEEDINGS

50. Limitation of suits against the Commission, etc.
51. Service of documents
52. Restriction on execution against property of the Commission or the Trust Fund.
53. Indemnity of officers.

PART X – MISCELLANEOUS PROVISIONS

54. Directives by the President, etc.
55. Powers to make regulations.
56. Secrecy
57. Interpretation
58. Short title.

SCHEDULES

FIRST SCHEDULE – Supplementary Provisions Relating to the Commission

SECOND SCHEDULE – Supplementary Provisions Relating to the Trust Fund

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NATIONAL LOTTERY ACT 2005

An Act to Provide For the National Lottery, Establishment of the National Lottery Regulatory Commission and the National Lottery Trust Fund; and for Related Matters.

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ENACTED by the National Assembly of the Federal Republic of Nigeria –

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PART I – ESTABLISHMENT OF THE NATIONAL WTTERY REGULATORY COMMISSION AND ITS GOVERNING BOARD, ETC.

(1)    There is established a body to be known as the National Lottery Regulatory Commission (in this Act referred to as “the Commission”).

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