kalo-kalo n. a slot machine or casino; (hence) a jocular reference to the financial affairs of Nigeria. Also kalokalo. (source: Double-Tongued Dictionary)
kalo-kalo
n.— «It is like you are using slot machines, the so-called kalokalo.» —“Y’hello, network busy!” by Kingsley Osadolor Naija-news June 18, 2003. (source: Double-Tongued Dictionary)