Osun Assembly Enacts Law To Regulate Lotteries And Gaming Activities, Estate Agency Industries

The Osun State House of Assembly has taken a significant step towards enhancing regulatory frameworks within the state by passing two pivotal bills, the Lotteries and Gaming Bill and the Estate Agency Regulatory Authority (Establishment) Bill.

The bills were passed during the plenary session presided over by the Speaker, Rt. Hon. Adewale Egbedun, marking another notable achievement in the assembly’s legislative agenda.

The Lottery and Gaming Bill, sponsored by the Speaker, aims to establish Osun Lotteries and Gaming Board, a regulatory framework that harmonize all Laws relating to lotteries gaming activities within the state, and it seeks to ensure transparency, ethical practices, and compliance among operators in the gaming industry.

Similarly, the Estate Agency Regulatory Authority (Establishment) Bill, introduced by Hon. Babajide Kofoworola Adewunmi, the Majority Leader, is designed to provide for the establishment of the Osun State Estate Agency Regulatory Authority to manage the activities of estate agents in Osun State.

This authority will oversee registration processes, set industry standards, and promote professionalism within the real estate sector, while the bill aims to safeguard the rights of both property buyers and sellers, ensuring fair practices in real estate transactions.

Speaker Egbedun according to his Chief Press Secretary, Olamide Tiamiyu, highlighted the importance of these bills in promoting transparency and accountability in their respective industries.

“These laws will not only protect consumers but also foster a conducive environment for legitimate businesses,” he stated.

Meanwhile, both bills will be sent to the Governor for assent and once signed into law, they are expected to significantly impact the governance of the gaming and real estate sectors in the state, promoting economic growth and protecting the interests of residents.

Ends.