Connect with us

Business

‘Ban Bet9ja, Nairabet, Other Sports Betting Apps In Nigeria’, Reno Omokri Tells Tinubu

He highlighted the economic impact, stating that a significant portion of the money spent…

Published

on

Reno Tinubu
Reno Omokri and President Bola Tinubu

Reno Omokri, the former Special Assistant to former President Goodluck Jonathan, has called on President Bola Tinubu to ban sports betting apps in Nigeria.

VerseNews reports that Omokri in a of tweet on X (formerly Twitter) said such a ban could improve the value of the Naira, citing the National Lottery Trust Fund’s claim that $1 billion is spent daily on gambling in Nigeria.

He highlighted the economic impact, stating that a significant portion of the money spent on gambling leaves the country.

Advertisement

He urged Tinubu to issue an Executive Order to ban sports betting apps, emphasizing the potential positive effect on the nation’s economy.

Omokri wrote: “President Tinubu can immediately improve the economic conditions of most Nigerians and make the Naira grow by issuing an Executive Order authorising the Nigerian Communications Commission to ban sports betting apps from the App Store of any GSM Internet Service Provider in Nigeria and revoking the licences of any physical sports betting operators in Nigeria. It makes better sense than Buhari’s draconian #TwitterBan.

“There is such an epidemic of gambling in Nigeria and it is destroying Nigerian youths. $1 billion is spent on gambling daily in Nigeria, according to the National Lottery Trust Fund. Please fact-check me. The average Nigerian spends $15 daily on sports betting and other types of gambling, with the vast majority of that amount leaving our economy and going to places like Russia, South Africa, and Europe. The Naira can never sustain its rally under such circumstances.

Advertisement

“A lot of the petty crime in Nigeria is caused by youths seeking money, by any means, to fund their gambling habit. It would be irresponsible for a first-class accountant like Tinubu not to act on such a matter as threatening to our national security as this gambling epidemic.”

WhatsAppCOnnect

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

schoolchildren bokoharam schoolchildren bokoharam
News55 minutes ago

BREAKING: Presidency Breaks Silence on ₦2bn Ransom Payment to Boko Haram for Niger Schoolchildren Release

The Federal Government has dismissed reports alleging it paid a huge ransom and released militant commanders to secure the freedom...

CBN Sacks Directors CBN Sacks Directors
Business1 hour ago

BREAKING: CBN Cuts Interest Rate to 26.5% in Latest Policy Move

The Central Bank of Nigeria has reduced the Monetary Policy Rate by 50 basis points to 26.5%.

IGP Kayode Egbetokun IGP Kayode Egbetokun
News3 hours ago

BREAKING: President Tinubu Sacks IGP Kayode Egbetokun, Names Successor

President Bola Tinubu has reportedly removed Inspector-General of Police (IGP) Kayode Egbetokun, with AIG Tunji Disu set to take over,...

maxresdefault 3 maxresdefault 3
News4 days ago

[JUST IN]: US-Based Igbo Groups Hail Enugu Monarch For Confronting Tinubu, Demand Kanu’s Release (Full Details)

US-based Igbo advocacy groups have praised an Enugu monarch for openly confronting President Bola Tinubu.

gaming gaming
News4 days ago

Lagos Begins 5% Withholding Tax on Gaming Winnings

The Lagos State Government has commenced a 5% withholding tax deduction on gaming winnings.

ezgif 606f4cb933138d6e ezgif 606f4cb933138d6e
Entertainment4 days ago

Ogun Police to Arrest, Prosecute TikTok User Mirabel Over Alleged False Rape Claim

The Ogun State Police Command has concluded plans to arrest and prosecute a TikTok user, Mirabel, after she allegedly admitted...

kanu kanu
News4 days ago

AVID Condemns Killing of Ondo Monarch, Demands Kanu’s Release and Security Reforms

The American Veterans of Igbo Descent (AVID) has condemned the killing of Oba Kehinde Falodun in Ondo State.

Nigeria teleoms Nigeria teleoms
News6 days ago

Telcos Challenge Senate to Tell Nigerians the Truth, Insist Country Has Capacity for Real-Time Transmission

Telecom operators, including MTN, Airtel, Globacom and T2 Mobile, have rejected the Senate’s claims of inadequate infrastructure.

gym instructor gym instructor
Entertainment6 days ago

Drama at Fitness Centre as Man Arrests Gym Instructor for Impregnating His Daughter (Video)

Tension erupted at a fitness centre after a man arrived with police officers to arrest a gym instructor accused of...

WhatsApp ipob WhatsApp ipob
News7 days ago

IPOB Slams Tinubu’s Aide Over Kanu Conviction Comparison, Insists ‘Biafra Restoration Is Unstoppable’

The Indigenous People of Biafra has faulted comments credited to a presidential aide comparing Nnamdi Kanu’s terrorism conviction with Sunday...

Advertisement