The Association of Lotto Marketing Companies has cautioned the public to be mindful of the behaviours of illegal lotto operators in the country.
A statement copied to the Ghana News Agency and signed by Kofi Frimpong, General Secretary of the Association of Lotto Marketing Companies, said the activities of the illegal lotto operators commonly known as ‘banker-to-banker’ is posing a serious threat to the continuous existence of the National Lottery Association (NLA). It said this has resulted in the drastic decline in sales and turnovers. The statement read, “banker-to-banker has over the years been undermining the revenue generation efforts of the NLA by pirating its winning numbers to the extent that they have succeeded in annexing a large segment of NLA’s market to the detriment of the national economy”. It said the use of plain papers with no serial numbers which these illegal operators sell to the public are untaxed and all the proceeds go to their private pockets. “This is amassing wealth at the expense of the nation,” the statement added. The statement said measures are being put in place to streamline the activities of these illegal operators which includes an invitation to register these operators with the NLA to obtain a license under terms and conditions, to also abolish the use of raw paper whilst adopting the automated system. It said the streamlined activities would also include the standardisation of payments of prizes and sales commission to ensure equity and fairness in the business.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
#JustTurned18: First-time voters critical to deciding 2024 presidential election
32 mins -
Video: EC lied that the cost per voter in 2020 was $7.7; it was $12.5 – Bright Simons
36 mins -
Former IGP passes on
46 mins -
Ejisu by-election: Kwadaso MP gave money to EC officials out of goodwill – Ahiagbah
1 hour -
Millennium City: Land owner breaks silence on fatal shooting of soldier
1 hour -
Photos of 2024 Aboakyer Festival
2 hours -
#JustTurned18: I now have an opportunity to use my thumb to bring someone into power – Excited prospective voters
2 hours -
OSP acted as a whistleblower transferring Cecilia Dapaah’s case to EOCO – Sammy Darko
2 hours -
IMF calls for tariff adjustment for energy sector cost recovery
3 hours -
Samson’s Take: Journalists, block the pretentious idiots
4 hours -
Real Madrid crowned LaLiga champions after Barcelona’s defeat at Girona
4 hours -
Daniel Otting Awuah elected SRC President of Ghana School of Law
5 hours -
Lawrence Ati-Zigi signs St. Gallen contract extension
5 hours -
We should be careful not to destroy our institutions without just cause – Serebour Quaicoe
6 hours -
Cecilia Dapaah’s case: EOCO hasn’t requested FBI report – Office of the Special Prosecutor
7 hours