Nigerian hassles for credit card gamblers

The United Bank of Africa has apparently decided unilaterally to block credit and debit card transactions associated with gaming services in a move likely to impact the nation gambling industry.

Citing the danger of fraudulent activity, the bank advised clients:

“We wish to inform all cardholders that we have placed restrictions on the Bank’s debit and prepaid cards from carrying out transactions with merchants that are transacting on the following business categories:

“Jewellery, Pornography, Dating and Escort Services, Betting (including lottery tickets, casino gaming chips, off-track betting and wagers).

“This has become necessary with the increased need to protect our customers and the institution from fraud, litigation and reputational damages.”