TF is this? UBA bans use of its ATM cards to pay for betting, porn, dating and escort payment

I think you should be able to use your money to do whatever the heck you like as long as it's not fraud, money laundering or illegal business but UBA thinks it's okay to restrict their customers from what they can do with their money. I can't buy jewelry with
my money? That is absolutely meaningless.

Below is the report..The United Bank for Africa (UBA) has released a statement banning its customers from using their ATM cards to buy jewellery, pay for betting or subscribe to a dating or pornographic site.In a mail titled “we want you totransact safely”, and sent to their customers yesterday Thursday, August 24th, the bank said its debit and prepaid cards are now restricted from carrying out such transactions.“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;

-Jewellry?

-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,” the statement read.