International perceptions of Nigerian scammers have already had negative consequences for Nigerians in tech.
These problems may have inspired Stripe to acquire PayStack, a startup founded by two entrepreneurs in Lagos and considered one of the leading payment services in Nigeria. Not only does a Nigerian-founded company provide an entrance into African markets, but data from PayStack's active users could prove helpful for differentiating signals in a space so riddled with fraudulent noise.
According to Olubukola Stella Adesina, professor of International Relations at the University of Ibadan, “international financial institutions now view paper-based Nigerian financial instruments with [skepticism]. Nigerian bank drafts and checks are not viable international financial instruments. Nigerian internet service providers and email providers are already being blacklisted in email-blocking blacklist systems across the internet.
This international response has gone beyond precaution. Discriminating against Nigerian users may save companies from actual fraudulent activity, but it comes at the cost of subjecting innocent users to high levels of scrutiny, often involving their personal data and financial history. In machine learning, the more often heuristics are applied, the more strongly the resulting data is biased, and the more likely it is that innocent users end up being policed.
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