The Center for Peace, Transparency, and Accountability (CPTA) says the National Lottery Trust Fund (NLTF) spends a larger percentage of its capital appropriation on construction and other intervention projects.
The Executive Director of the CPTA, Patrick Ogheneyero, disclosed this on Thursday in Abuja, refuting the allegation of misappropriation of funds by the NLTF.
The House of Representatives Committee on Finance had alleged that the NLTF failed to justify the spending of its internally generated revenue in 2022, adding that the agency spent the money without budgetary approval.
Debunking the allegation, CPTA said there was no single evidence to prove that an act of misappropriation was committed by the NLTF while discharging its enshrined mandate.
According to the CPTA, the NLTF’s actions are in line with the provisions of the Act that established the agency as overseer and revenue generation body around the gaming industry in Nigeria.