Through Decree No. 2022- 720 of December 7, 2022 approving the amended statutes of the National Lottery of Benin S.A, the LNB changed its name, composition, etc. and became (LNB S.A.), a single-member company.

Formerly, the National Lottery of Benin (LNB) was a public industrial, commercial and social institution. Now it is losing its status to become a “single-member company, without public savings, governed by the laws and regulations in force in the Republic of Benin, in particular the OHADA Uniform Act relating to the law of commercial companies and economic interest groups”. Indeed, article 6 of Decree No. 227-720 of December 7, 2022 approving the amended statutes of the National Lottery of Benin S.A. states that “the share capital is fixed at the sum of two billion (2,000,000,000) CFA francs and consists of cash contributions. It is divided into two hundred (200,000) shares with a nominal value of ten thousand (10,000) CFA francs, numbered from 1 to 200,000.”

Thus, the LNB S.A. is placed under the economic and financial supervision of the Ministry in charge of Finance, according to Decree No. 2022 720 of 7 December 2022 signed by the President of the Republic Patrice Talon and Romuald Wadagni, Minister of State in in charge économie of finance. Also, in Decree No. 2011-268 of April 2, 2011, it is administered by a Board of Directors appointed for a renewable period of three (03) years compared with 4 years in Decree No. 2011-268 of April 2, 2011.