National Lottery Regulatory Commission (NLRC) Director-General says he would reach out to gaming industry operators to form partnerships to establish a world-class online lottery university.
This was revealed by Lanre Gbajabiamila during a speech to stakeholders and operators in the gaming and betting industry in Lagos.
According to Gbajabiamila, the university would support operators and regulators by giving them access to the most recent technological advancements, trends, and industry best practices.
He went on to say that it would give regulators the chance to counteract the negative effects of sports betting with comprehensive education, vigilant oversight, and data-driven research.
The task of regulating remote gaming has become more intricate than ever before.
This digital era has a higher appeal than the traditional instruments employed in the gaming industry, demanding a comprehensive re-evaluation of the regulatory frameworks and strategies.
Amidst this transformation, the commitment to addressing the emerging challenges remains unwavering. In light of this, regulatory bodies and stakeholders must adapt to this new landscape to ensure the continued integrity and security of the gaming industry.Lanre Gbajabiamila, Director-General National Lottery Regulatory Commission
In his opinion, the gaming industry needs to be cleaned up and policies that facilitate trading should be implemented.
The director general urged every stakeholder involved to unite and present a united front, pointing out that the industry had experienced rapid growth in recent years.
The Industry have grown so much that no state can do it on their own, the federal and state must collaborate and that is the reason NLRC have come to stay and continue to be the leader.Lanre Gbajabiamila
The head of the NLRC stated that in order to investigate fraud and unethical behavior, the commission would require assistance from other financial monitoring commissions. NLRC Online Lottery University
According to Gbajabiamila, the Nigeria Communication Commission (NCC), the Nigeria Financial Intelligence Unit (NFIU), and the National Security Adviser (NSA) Office are among the current financial intelligence commissions that would assist in making decisions on the creation of a document that will govern the commission’s operations.