The Lagos State Pools Agents Association has revealed that the Lagos State government isÂ losing millions of naira in pools business in the state.
President of the association, Major Sammy Ogunyebo (retd.) told P.M.NEWS that the governmentÂ of Mr. Babatunde Raji Fashola can generateÂ revenue from a sanitised pools business in theÂ state but with the prevailing problems confront the operators of the business, government isÂ losing a lot of money.
â€œThe government can make a lot of money from pools business even more that it is raking inÂ from lotto,â€ said the retired military officer, who is leading over 20,000 pools agentsÂ across the state to inject sanity into the once lucrative pools business.
â€œPools promoters ought to be pay weekly taxes to the government and annual renewal licenceÂ fees. To the best of my knowledge, the promoters are grossly undertaxed, while what they areÂ paying weekly and annually are not commensurate with what they are making from theÂ business,â€ he said.
â€œI like what the government did to reorganise lotto and I want a similar situation to happenÂ in pools business as well. If the promoters pay what is due to the government as and whenÂ due, the authority will not only get more revenue from the business, it will also help curbÂ the high commission and other atrocities perpetrated by theÂ promoters.
According to the LASPAAâ€™s president, what the association wants is for the government toÂ update existing edicts on pools and overhaul the industry before some external forces thatÂ want the business to collapse have their way.
â€œI want Mr. Ade Ipaye, Special Adviser on Taxation and Revenue to the governor and AlhajiÂ Olanrewaju Babalola, the Chief of Staff to Fashola to look into the relevant sections of theÂ edict on pools. I want the law to be updated to the reality we are facing today so that weÂ can all join hands to sanitise the business now before it is too late,â€ he said.