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LSLGA declares Stake.com unlawful across 25 Nigerian states
By SectorWire desk ·
Summary
LSLGA and FSGRN have declared Stake.com's operations unlawful in Lagos and 24 other Nigerian states. The authorities allege that Stake.com lacks state licences, ignored compliance notices and failed to pay taxes and levies for two years. Enforcement also targets directors and entities facilitating its operations.
Why it matters
Enforcement targets Stake.com’s directors and facilitating entities following allegations of missing licences, ignored notices and unpaid taxes and levies.