BLQ Frauds Over 500 Million Uganda Shillings
_By Kyeyune Ali._
Today, Friday 14th, October 2022, at the Uganda Media Center, Minister of State for General Duties, Hon Henry Musasizi, has made a clarification that BLQ Betting Company has been conducting betting activities illegally without a license from the National Lotteries and Gaming Regulatory Board, which led to its closer.
The betting company started this year (2022) in July, and up to now, the company was operating illegally, and over five hundred (500) million Uganda shillings has been frauded from betters.
Hon Musasizi said that police is still carrying out investigations as they try to catch the main shareholder of this company by the names of Awol Agnes.
Upon invitations, the board established that BLQ Sports SMC, trading as BLQ Football Uganda is using the gaming activities as a strategy to market its membership.
The entity claims to be an investment company where people are lured to invest money and earn by recruiting more people to join the the company (BLQ Football Club platform) to participate in betting activities.
The betting companies that were closed include:
1. Crown Football Uganda.
2. E – Cairo Football.
3. UG Football.
They have all been operating both physically and through online platforms, asking Ugandans to invest huge sums of money with the promise of exceptional investment returns.
As a result, the board has come up to do away with such acts of money fraud amongst Ugandans.
According to Section 5(b) of the Lottery and Gaming Act 2016, the board has powers to conduct any investigations or inquiry relevant to the gaming and betting industry in Uganda.
As a board, they have managed to take several invitations and have already wrote to telecommunication companies, that is, MTN Uganda and Airtel Uganda, plus Uganda Communications Commission (UCC), notifying them of the illegal online gaming operations of BLQ and other betting companies with out license.
Hon Musasizi also added that all Ugandans, particularly betters, should be vigilant to these new betting companies, as they use companies that already have a license to avoid being caught for money fraud.
We understand the fact that the National lottery and gaming board of Uganda has a good will of protecting Ugandans from such fraudsters and money laundering by such illegal companies.
Now that it is the government under the Umbrella of Lottery and gaming board that has blocked those fraudsters, what’s their say on the protection of Ugandans money locked up in those systems, coz we know it is the government that has withheld those money by blocking the accounts and internet access
We want to see the government through the Lottery and gaming board of Uganda protect their citizens by implementing their objectives an this will be seen when they protect the people’s money and allow for the refund of what those Ugandans had invested with those online platforms.
The government can’t just block those people and end it up with telling Ugandans to desist from such Sites when their money isn’t refunded, if not then it is the government behind chewing our money at our backs
1-The question comes in that how n why did the Lottery n gaming board allowed these people to use the telecommunication networks without them being blocked from the beginning
2-How can they allow those people to operate for this long without them trafficking the fraudsters?
Should we have returned our money blocked on blq accounts