National Sport Lottery Limited was incorporated on the 3rd January, 2000 but commenced operations in July 2001. On the 9th July 2007, the name National Sport Lottery Limited was by special resolution converted to a public company, National Sports Lottery Plc. The company was granted an exclusive license to practice lottery business in Nigeria for Fifteen (15) years in December 2001. The company listed its entire share capital on the Nigerian Stock Exchange on 14th December, 2008. On the 2nd December, 2009 the Board of Directors through Special Resolution changed the name of the company from National Sports Lottery Plc to SECURE ELECTRONIC TECHNOLOGY PLC and this was approved by Corporate Affairs Commission (CAC) on 6th January, 2010. The activities of the company have been the operations of lottery, Airtime Vending, Revenue Collection, Card Payments and Treasury/Assets Management.