Baba Ijebu, Bet9Ja Pay ₦1billion To FG To Settle Debt
June 26, 2020
7:40 am
Two frontline lottery operators in Nigeria, Premier Lotto a.k.a Baba Ijebu and KC Gaming, a.k.a Bet9ja have remitted ₦1billion to the Federal Government.
A breakdown of the payments shows that Premier Lotto (Baba Ijebu) remitted ₦833,333,494.58, while KC Gaming (Bet9ja) remitted ₦166,666,827.92, totalling ₦1billion.
According to the EFCC, which helped in collecting the money, the N1 billion was the arrears of debt the lotto companies the Nigerian treasury.
They were supposed to remit 20 per cent of their turnover to government through National Lottery Trust Fund, NLTF as required by law.
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