Section 57: Interpretation.

In this Act-
"Board" means the Governing Board of the Commission established under section 2 of this Act;
"Board of Trustees" means the National Lottery Trust Fund Board of Trustees established under section 36 of this Act;
"Chairman" means the Chairman of the Governing Board of the Commission or the Chairman of the Board of Trustees appointed under sections 2 and 36 of this Act respectively;
"Commission" means the National Lottery Regulatory Commission established under section 1 of this Act;
"Director-General" means the Director-General of the Commission appointed under section 8 of this Act;
"member" means a member of the Governing Board of the Commission or a member of the Board of Trustees, as the case may be, and includes the Chairman of the Commission or the Board of Trustees;
"licence" means a licence to operate a national lottery granted under this Act;
"licensee" means the person to whom a licence to carry on the business of a national lottery has been issued pursuant to this Act;
"lottery" or "lotteries" includes any game, scheme, arrangement, system, plan, promotional competition or device for the distribution of prizes by lot or chance, or as a result of the exercise of skill and chance or based on the outcome of sporting events, or any other game, scheme, arrangement, system, plan, competition or device, which the President may by notice in the Gazette declare to be lottery and which shall be operated according to a licence;
"net proceeds" means that proportion of the proceeds that remains after the payment of prizes in the lottery, a part of which is payable to the Trust Fund or the Board of Trustees thereof;
"operator" means licensee or any other person or company engaged by the licensee to operate a lottery;
"participant" in relation to a lottery means a person who is in possession of a valid ticket in that lottery;
"President" means the President of the Federal Republic of Nigeria;
"prize" means a prize due to a participant who holds a winning ticket in a lottery conducted by the licensee;
"prize fund" means the fund established by a licensee pursuant to section 24 of this Act;
"proceeds" means the gross monetary amount spent by participants on the purchase of tickets in respect of each lottery conducted under a licence;
"relevant financial interest" in relation to a business conducted under a licence issued pursuant to this Act by a licensee includes any-
(a) share in the capital of the business;
(b) entitlement to receive any income derived from the business; or
(c) entitlement to receive any payment as a result of money advanced;
"relevant period" means the financial year of the licensee as required and governed by the Companies and Allied Matters Act;
"Secretary" means the Secretary of the Trust Fund appointed under section 43 of this Act;
"ticket" means any receipt, symbol, sign, token, warrant, card, printed paper, document or any other means or device including an electronic record, which entitles a participant to take part in a lottery;
"Trust Fund" means the National Lottery Trust Fund established under section 35 of this Act;
"unclaimed prizes" means prizes payable in respect of winning tickets in a lottery which have not been claimed by the ticket owner within the claim period specified in the lottery rules.