The National Lottery Regulatory Commission has slammed a N10m fine on a promotional lottery operator, Sponge Nigeria Limited, for failing to pay a total sum of N138m to its winners in its last promo t
itled, ‘Better Life Billionaire Promo’.
This was contained in a correspondence to Sponge Nigeria Limited, dated May 27, 2020 in which reasons for the fine were conveyed. “By accepting NLRC permit for the BLB promo, Sponge was legally bound to conduct its affairs with all due propriety and protect participating stakeholders. Under express terms of the signed terms and conditions, Sponge promised to ensure that all prizes and monies due to prize winners are redeemed in full.”
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