Breaking: Nigeria’s Supreme Court Declares National Lottery Act Unconstitutional!
The Supreme Court of Nigeria has invalidated the National Lottery Act of 2005, ruling that the National Assembly…
The Supreme Court of Nigeria has invalidated the National Lottery Act of 2005, ruling that the National Assembly exceeded its legislative authority by enacting federal laws on lotteries and gambling. The unanimous decision reaffirmed that, under Nigeria’s Constitution, the power to legislate on these matters resides exclusively with individual states.
This landmark ruling arose from a 2008 lawsuit initiated by Lagos State, later joined by other states, challenging federal control over lotteries and gambling, which had previously been regulated at the national level.
Why Does It Matter?
This decision reinforces the autonomy of Nigerian states, granting them exclusive rights to regulate gambling and lotteries within their jurisdictions. While it promotes a more decentralized regulatory framework, operators must now navigate varying state-specific requirements.
Expert Commentary from SBSB Fintech Lawyers
Roman Baranovskyi, Senior Associate at SBSB Fintech Lawyers, comments:
“The Supreme Court’s ruling introduces a new era for Nigeria’s gambling industry. Operators need to adapt to state-specific regulations to ensure compliance and avoid sanctions.”
“At SBSB Fintech Lawyers, we’re ready to guide businesses through this transition, providing legal support to secure their operations in line with evolving regulations.”
How Can SBSB Fintech Lawyers Assist?
We offer expert legal support to gambling operators, helping them adjust to regulatory changes and mitigate risks. Contact us today https://t.me/blockchain_sbsb to ensure your business thrives within the law!