We Would Soon End Ponzi Scheme in Nigeria – FG

The Federal Government has made it clear that a series of strategies and plans had already been perfected to totally eliminate illegal lottery operators, especially those involved in Ponzi schemes, from Nigeria.

The Permanent Secretary for Special Duties in the office of the Secretary to the Government of the Federation identified as Festus Dauda, gave the statement in Abuja yesterday while he spoke to newsmen after declaring open a two-day specialised training programme organised for members of staff of the National Lottery Regulatory Commission.

Festus Dauda stated that a lot of people fell victim of the Ponzi scammers because many Nigerians regarded lottery as gambling especially in the Northern part of Nigeria.

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He further said that the game became popular with sports betting and promotion activities embarked upon by manufacturers and mobile network service providers.

His statement read: “the Federal Government is doing everything possible to make sure that the illegal operators and quacks in the industry are eliminated. That is why we have empowered the regulatory commission with modern technology that would enable them to apprehend all the illegal operators and quacks with a view to prosecuting and sending them to jail.  

“Lottery is bigger than the oil industry that the nation has in stock, a lot of wealth that is yet to be tapped. I believe that we should focus our energy on lottery. I also believe that if the entire citizenry are well aware of the activities of lottery and the gains that are abound in it, the sky will be our starting point and lottery will even overtake the oil industry in contributing its quota to the treasury.  

“The Federal Government is trying its best to make sure that lottery gets its rightful place so that we would be able to tap into the abundant resources that are there in lottery.”

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