That's a huge issue, and it's part of our motivation to use machine learning to combine lots of signals. It's not fair to the legitimate users in Nigeria and other countries to be blocked entirely from booking airline tickets, posting blogs, or booking reservations, but that's the status quo. It's hard to blame the site owners; given the number of attacks, and the difficulty of building a good detection system, it's the best they can do given the time and resources available.
Our hope is that by pooling data and technology across all sites on the internet, we can build a better system that keeps the bad users out without causing "collateral damage" and harming perfectly legitimate users.
And in response to the grandparent, we absolutely look at timezone! It's a great signal. We've found 3am is the most popular time to create a fake account. But note that creating an account at 3am, all by itself, is not enough to condemn you. It has to be combined with many other behavioral signals.