Nigerian online betting website BETBABA has urged the National Lottery Regulatory Commission (NLRC) to unveil and incorporate rules that will tackle problem gambling among local residents.
The firm did so over the weekend during the official launch of the platform at the Federal Palace Hotel, Victoria Lagos, and also noted that the legal age of 18 that would be required from customers in order to be allowed to gamble must not be compromised.
At the event, Francis Ifie, who occupies the position of Managing Director of BETBABA, said that the company, apart from focusing on generating profit, is willing to follow global best practices and put its customers and their interests first. According to him, it is important that Nigerian gambling operators have facilities on their betting platform that promote safe and responsible gambling. Mr. Ifie further confirmed there were a lot of gambling addicts in the country, which was one of the main reasons why the BETBABA had made sure that self-exclusion options were promoted on its platform.
Self-exclusion allows customers who find it hard to control their gambling habits to ban themselves from gambling whenever they feel things are getting out of control. Also, Mr. Ifie revealed that in cases when the company sees any betting pattern indicating that someone is hooked on gambling, it sends them notices to inform them they are spending too much time and money on gambling and also puts some limits.
Irresponsible and Compulsive Gambling Causing Serious Issues in Nigeria
The managing director of BETBABA noted that irresponsible gambling and betting have caused serious issues for gambling addicts and people who suffer from gambling-related harm. At the time, he stated that Nigeria’s National Lottery Regulatory Commission should impose strict rules to make sure that betting companies are in line with strict measures that will fight the further spread of problem gambling and gambling-related harm.
When speaking during the gambling platform’s launch, Mr. Ifie explained that BETBABA would offer its customers a unique user journey after they complete the registration on its website. The platform very much relies on its one-on-one relationship with every customer and offers them various incentives to thank them for being their patrons. The company’s managing director, however, claims that his business is different from other platforms that are only trying to take advantage of Nigerians and generate profit on their backs.
Francis Ifie shared that his company would offer three main product categories, including sports, e-sports, and virtual sports. He further explained that BETBABA had set a long-term goal to take hold of its own market share in the country, on one hand, and would look at other African countries’ gambling markets, on the other hand.
As previously reported by CasinoGamesPro, some anti-gambling groups have revealed that gambling addiction rates in Nigeria have been on the rise among young people in the country as one of the social vices that have been getting popular across the country.