Osun Assembly passes Regulatory Lotteries, Estate Agency Industries Bills into law
9 months ago 2 min read
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The Osun State House of Assembly has passed the Lotteries and Gaming Bill and the Estate Agency Regulatory Authority (Establishment) Bill into law.
Both bills were passed into law during a plenary session presided over by the Speaker of the Assembly, Adewale Egbedun.
The passage of both bills Speaker Egbedun said will mark another notable achievement in the Assembly’s legislative agenda.
DAILY POST gathered from a statement issued by the spokesperson to the Speaker, Olamide Tiamiyu that the Lottery and Gaming Bill, sponsored by the Speaker, aims to establish Osun Lotteries and Gaming Board, a regulatory framework that harmonises all laws relating to lottery gaming activities within the state.
The statement also revealed that the bill seeks to ensure transparency, ethical practices, and compliance among operators in the gaming industry.
The stent reads, “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 highlighted the importance of the 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.
Both bills which will be sent to the Governor for assent once signed into law, “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,” the statement said.
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