24th June 2022 | 2:35PM
The House of Representatives have called on gaming operators to integrate the National Identity Number (NIN) for Verification and Identification or the purposes of identifying gaming customers.
Hon. Ibrahim A. Isiaka representing Ifo/Ewekoro, Federal Constituency, Ogun State disclosed in a motion at during plenary, on Thursday, 23 June 2022, that the global gaming market is undoubtedly a huge one estimated to generate between $400 to $500 billion annually and with the consistency of the current trends, by 2022, it is set to be worth around $565 billion with increasing amounts of revenues coming from online gaming in its many forms.
He made it clear that when such large amounts of money are exchanged and transacted quickly through relatively anonymous interactions, there is a significant risk that criminals will be tempted to use the situation for money laundering.
The Lawmaker stated that with age-restricted businesses like casinos and online gaming platforms, the critical barrier to entry for customers is age and identity verification, stressing that there is an increased need for such verifications in virtual situations in order to secure both the customers and the operators bearing in mind that the basic purposes of the National identity Number is for identification, as it not only serves to identify the individual holder but also curbs duplication of identities.
He further stressed the for regulators to place a premium on data security of gamers and gaming operators adding that one readily available way to achieve this is to integrate the National identity Numbers (NIN) into the data collection of both new and existing customers.
House of Representatives however resolves to urge the National Lottery Regulatory Commission to ensure that all Gaming operators in Nigeria integrate the NIN in their data collection and directs the Committee on Governmental Affairs to ensure compliance.