NATIONAL LOTTERY ACT

Section 31: Unclaimed prizes.

2005Section 31 of 58Federal Republic of Nigeria

(1) Subject to this Act and any other condition in the licence, the licensee shall undertake all best endeavours to find and make payment to all prize winners.
(2) A licensee may deduct from the prize fund the legitimate expenses incurred in finding and paying winners of prizes previously unclaimed.
(3) Upon the expiration of a period of not less than 180 days following any lottery draw, the licensee shall retain any prizes remaining as part of the prize fund and such monies as remains unclaimed shall be used to pay future prizes.
(4) A licensee may, at his own discretion, meet the legitimate claims of jackpot winners in respect of any prizes previously unclaimed for a period longer than 180 days, from the prize fund maintained by the licensee pursuant to section 24 of this Act.
(5) A licensee may at his own discretion apply any part of the unclaimed prizes for supplementary draws for the promotion of social objectives of the national lottery.

Cite this section

Section 31, NATIONAL LOTTERY ACT (2005).

https://repo.podus.ai/laws/national-lottery-act/section/31/