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Nigeria’s House committee orders audit of National Lottery Trust Fund

Regulation

Nigeria’s House of Representatives Committee on Finance ordered an independent audit of the National Lottery Trust Fund’s accounts, according to the report. The Fund’s chief executive, Bello Maigari, told the committee it generated more than N2.4 billion during the year and recorded N6.28 billion in 2022, which he said was spent on projects and operating costs.

The inquiry could lead to further action over the Fund’s reported revenue and spending.

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