The National Lottery Authority (NLA) has reacted to a publication by the Finder newspaper on the authority’s financial records.
A press statement issued by the Public Relations unit of the NLA described the publication as misleading, manufactured lies, outright fabrications and never represent the true picture of the financial records at the NLA.
24news.news reproduces below aspects of the NLA statement:
Meanwhile, the NLA wants to set the records straight on publication dated Wednesday, March 17, 2021 by The Finder newspaper captioned “KGL’S NLA BAIL OUT RAISES KEY QUESTIONS AS 6 YEAR’S REVENUE OF NLA SHOWS POSITIVE BALANCE”
We want to state categorically that the publication is misleading, manufactured lies, outright fabrications and never represent the true picture of the financial records at the NLA.
In his analysis of the NLA financial records, the Editor of The Finder and writer of the article, Mr Elvis Darko, completely failed to factor the following key financial obligations of the authority in his calculations:
- Payment of commission to Lotto Marketing Companies over the last six (6) years.
- Payment of fees to the Technical Service Providers over the last six (6) years.
- Statutory Payments to the Consolidated Fund over the last (6) six years.
- Payment of salaries, allowances and other benefits to the employees of the authority over the last (6) six years.
- Cost of day-to-day administration and operations of the NLA over the last six (6) years.
- Payment for contracts executed by individual companies over the last six (6) years.
- Other financial expenses of the authority over the last six (6) years.
Clearly, Mr. Elvis Darko limited his analysis to revenue and payments of prizes (wins) which clearly amounted to gross unprofessionalism and deliberate dishonesty.
We, therefore, urged the general public to totally ignore it and treat it with the pinch of salt.
We are also urging all stakeholders and employees of the authority to remain calm as the authority takes all the necessary steps to address the concerns of the lottery industry.
The NLA is assuring the general public and stakeholders that it is taking more pragmatic steps to address all current challenges and bounce back stronger as the leading lottery regulator and operator in Africa.
Issued by: Public Relations Unit of NLA