CVM Fully Support the NLA Resolution to Launch its Own Platform in November 2017

As part of our demands to the Board and Management of NLA, they have agreed to establish their own self-controlled, self-regulated and self-monitored Platorm to maximized revenue generation to the Country. CVM is very happy about the decision by the Board and Management of NLA to have their own Platform.

The new Platform to be launch in November 2017 by the NLA is very necessary because the NLA has absolutely no control on the current online Platform, the Machines(Point of Sales Terminal, POSTs) and the Draws.

Lots Services Ghana Limited and Simnet Ghana Limited are in charge of these technical services, a situation which is causing financial loses to the Country.

From 2009 to 2016, virtually all the monies that were paid to the NLA Technical Service Providers such as Lots Services Ghana Limited and Simnet Ghana Limited were over and above monies paid by the NLA to the Consolidated Fund.

In 2016 alone, NLA paid both Lots Services Ghana Limited and Simnet Ghana Limited an amount of GHS 27, 318, 264. 62 as against a paltry amount of GHS 19, 000, 000 paid by the NLA to the Consolidated Fund around 29th September 2017. NLA in its current situation is just working to the benefit of the Technical Service Providers such as Lots Services Ghana Limited and Simnet Ghana Limited. This is seriously unacceptable.

CVM highly commend the new Board and Management of NLA led by Mr. Kofi Osei-Ameyaw for taking the bold decision to establish, operate and monitor their own Platform.

…Signed…
Razak Kojo Opoku
(CVM Founder & President)