Foreign betting and lottery businesses must pay taxes in Nigeria – Reps


Chairman of the House Government Affairs Committee, Akin Alabi, said international betting companies operating in Nigeria must pay taxes to the Nigerian government.

Alabi, owner of an online betting company, Nairabet, said so on Wednesday in Abuja during the public hearing organized by the commission on two bills.

The legislations are titled “A Bill for an Act to repeal the National Lottery Act, No. 7 2005 and the National Lottery (Amendment) Act, No. 6 2017 and enacting the National Gambling Bill” and “A bill for a law providing for the establishment of the service contract management agency for the effective management, execution and enforcement of the service contract with citizens.

“We talk about how foreign operators who have customers in Nigeria do not pay the Nigerian authorities. As one of the largest gaming companies in the world, Bet365; anyone can go to Bet365 (online) and sign up and fund and start playing. So they make money from Nigerians but they don’t pay any kobo to the Federal Inland Revenue Service,” he said.

According to the legislator, there should be no dispute over whether the gambling industry should be controlled by federal or state governments.

He therefore urged all stakeholders to work together and make it work.

He said: “We shouldn’t be fighting over who’s in control. [over the industry]; we should talk about how we coexist because, like it or not, no one can do without the other: the federal [government] cannot do without the States and the States cannot do without the federal government.

“I worked as an operator and now on the government side so I know the ins and outs of the industry. I think all stakeholders should consult on how best to run this industry and now we can support with legislation.

According to Alabi, the draft national gambling law aims to revise the previous existing laws and provide a law that will fill the gaps in the existing law and most importantly explore and exploit the full potential of the gambling industry.

Speaker of the House, Femi Gbajabiamila, who was represented by Deputy Majority Leader, Peter Akpatason, said: “These two bills are crucial laws that deserve careful consideration and reasoned debate by the people’s parliament. , acting for the best of the people. interests.

Copyright PUNCH.

All rights reserved. This material and any other digital content on this website may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without the prior express written permission of PUNCH.

Contact: [email protected]


About Author

Comments are closed.