Joker09:


Lmao .
Abi oo. The idiats won lose small customers dem take dey see front.

Nigerialabalaba:
You beta go find work, by d time you are 59 wey ur mates don acquire beta skill and education and dis crypto nonsense go don become obsolete, na dat time you go hia ween! Na laziness and get rich quick mentality dey worry una. I pity una old age aswear2gud. Shiorr

FlipModeSquade:
What exactly is fraudulent about crypt0?

Would you care to explain why it is perfectly LEGAL in most DEVELOPED COUNTRIES?

AND NOT IN THIS SH1TH0LE?

rickyrex:
and china is also a shithole that have long banned use of such platform

Nigerialabalaba:
Nonsense report as usual from bloggers wey dey form journalists. Shiorr. If every internal memo wey dey be news, dat means say una no get job niyen.shiorr

Btw, trading crypto no be job o.. All the artisans , printers etc in Lagos now don quit work and don turn to crypto. Dem get work o but just abandon dem work dey do Bitcoin . E go beta make government stop dis crypto madness o.
Lazy people wey dey look for free money. Awon ole ole! Shiorr. One wey I know never go him shop for months now becos of dis nonsense crypto get rich quick mentality. Thank you FCMB. Na laziness and get rich quick mentality dey worry dem!

Imagine someone wey be 18 to 30 years wey dey waste hin youth and time wey e supposed use get right skill, experience and network dey decieve himself say him na crypto trader. Shoro niyen? Awon ole! Lazy lot! U will suffer in old age if at 18-30 na free money and get rich quick schemes you dey chase. Go work! That plumber get job o but him abandon all the job dey do Nonsense crypto. FG must stop dis madness o before dem grow up to become armed robbers.


Lazy yoots! You go see dem dey wake up by 11a.m dey stretch. School dem no go, work dem no learn and if you give dem job,ur own don cast patapata be dat. Shiorr!!

Nigerialabalaba:
Nonsense report as usual from bloggers wey dey form journalists. Shiorr. If every internal memo wey dey be news, dat means say una no get job niyen.shiorr

Btw, trading crypto no be job o.. All the artisans , printers etc in Lagos now don quit work and don turn to crypto. Dem get work o but just abandon dem work dey do Bitcoin . E go beta make government stop dis crypto madness o.
Lazy people wey dey look for free money. Awon ole ole! Shiorr. One wey I know never go him shop for months now becos of dis nonsense crypto get rich quick mentality. Thank you FCMB. Na laziness and get rich quick mentality dey worry dem!

Imagine someone wey be 18 to 30 years wey dey waste hin youth and time wey e supposed use get right skill, experience and network dey decieve himself say him na crypto trader. Shoro niyen? Awon ole! Lazy lot! U will suffer in old age if at 18-30 na free money and get rich quick schemes you dey chase. Go work! That plumber get job o but him abandon all the job dey do Nonsense crypto. FG must stop dis madness o before dem grow up to become armed robbers.


Lazy yoots! You go see dem dey wake up by 11a.m dey stretch. School dem no go, work dem no learn and if you give dem job,ur own don cast patapata be dat. Shiorr!!

authority2006:


Anyone who is jealous of fraudulent accumulation of wealth/money is as guilty as those involved in the practice. Simple. But you can't expect everyone to be cool with the madness going on among the Nigerian youths with this online criminal career

authority2006:


Yeah, for trying to curb internet fraud among the age group notoriously knowing for online fraud? Buhari is going in 2023, the mess of a country you're creating for yourself will still be there for you and your kids.

skj1377:
Stop saying what you Dont know. Though a lot of work is ongoing to regulate cryptocurrencies the fundamental problem is it's use as a conduit pipe for fraud.
1) hackers collect ransom via crypto currency though they can be traced these days. Previously they could not.
2) over $400million dollars inflow came from United states to Nigeria via cryptocurrencies last year. The united states government petitioned the CBN over the lack of evident trades in goods or services to warrant such a huge amount of inflow to Nigeria. This singular reason prompted the CBN to ban banks from direct involvement with crypto to avoid blacklisting Nigetian banking institutions and probably sanctions.
3) the united states, China, United kingdom. And EU equality have regulations protecting their financial institutions from participating in crypto related assets.
4) Nigeria is a small economy and the CBN needs to protect hardworking Nigerian against the possibility of Negative consequences from sanctions form the USA. Imagine if Nigeria is treated like Iran or North Korea officially due to fraud related blacklisting.
5) a lot of publicity is made by the EFCC to show to the united states that Nigeria is actively fighting cyber crime just to prevent a possible blacklisting of all financial institutions in Nigeria.
6) previously funds were difficult to trace once converted to crypto and there was a fear that it could serve as terrorist financing. Terrorists actually need funds to run their operations and with the global cooperation against terrorist financing the world is now safer. Imagine if crypto was available during osama bin laden's time more bombings would have happened in the USA and other parts of the world.
7) finally the age bracket specified most likely has been after a scientific study of arrested cyber criminals probably in the last 10yrs. Most likely a memo would have originated from the CBN holding banks responsible with very stiff penalties and this most likely will be quietly implemented by All banks in Nigeria.Banks have already been mandated to know their customers.
if banks Dont hold fraudulent monies for fraudsters and crypto currencies are equally banned it simply translates to frauster activities reducing drastically in Nigeria.
9) very successful frausters are actually well settled in turkey and Dubai as we speak. less successful frausters can move to Ghana or ivory coast Cameron etc.

Iyaebe:
Is it not what I've been saying all over nairaland? crypto people are yahoo boys,no Nigerian doing crypto that's not into yahoo

rickyrex:
and china is also a shithole that have long banned use of such platform

FlipModeSquade:
Banks and other financial institutions ARE conduits for fraud..

How many of them have been BANNED?

YOU CAN'T THROW AWAY THE BABY WITH THE BATH WATER..

Other countries have been able to regulate the market..

What stops Nigeria from doing same?


EVERY SYSTEM has a risk of being abused..

Do you ban EVERYTHING AND THROW AWAY THE KEY?

OwenJesse27:
ur very stupid ....I swr crypto is not a crime get sense

FlipModeSquade:
China is an AUTHOCRATIC COMMUNIST NATION..

WHO does not allow their CITIZENS any FREEDOM!

THEY banned Everything!

Facebook!

Google!! Nigeria a democract?

Twitter!!

Instagram!!!

Whatsap!!!!

YouTube!!!!

EVERYTHING!!!!!

THAT is the nation that you want Nigeria..

A DEMOCRATIC NATION..

To Become LIKE?

A DICTATORSHIP

FlipModeSquade:
China is an AUTHOCRATIC COMMUNIST NATION..

WHO does not allow their CITIZENS any FREEDOM!

THEY banned Everything!

Facebook!

Google!!

Twitter!!

Instagram!!!

Whatsap!!!!

YouTube!!!!

EVERYTHING!!!!!

THAT is the nation that you want Nigeria..

A DEMOCRATIC NATION..

To Become LIKE?

A DICTATORSHIP

FlipModeSquade:
How is Crypto an INTERNET FRAUD?

CARE TO EXPLAIN?

CELEBRITIZ:


I can bet you . If you are rich and wealthy you won't have this mentality. Focus on your self improvement and how to increase your finance.

Learn to Mind your business

authority2006:


If the millions that entered into your account is from crypto business, it shouldn't be hard to explain. At least, the policy is about questions and answers, not outright take over.
Crypto my ass

authority2006:


If the millions that entered into your account is from crypto business, it shouldn't be hard to explain. At least, the policy is about questions and answers, not outright take over.
Crypto my ass

darthv:
I have $96,000 in my account come and take it..
Thief.
I can easily apply for a US bank account via payoneer...

FlipModeSquade:
You have still not said anything..

HOW is Crypto business a fraud?

IF you don't have ANYTHING INTELLIGENT to say..

SHIFT!!

authority2006:


Wait o! Has anyone called crypto a fraud because it seems like I'm not aware of that?

Terrence99:


You're very daft. Fcmb is the last place to mention when talking about policies and ethics.
The founder of FCMB was fired by the Cbn and given a life ban from holding any position in FCMB. He was found fraudulently round-tripping dollars.
Go and also find out what happened in the fraud case involving Subomi Balogun and his sons with Comfort Nyam.
Idiots like you jump up talking nonsense since you're dumb and ignorant

FlipModeSquade:
Ohh?

Your government banning it and witch hunting those dealing in it is what?

AND YOU want the Crypto dealer to explain to the GOVERNMENT that his MILLIONS comes from IT?

Something YOUR government already called a FRAUD?

Very logical..

WELL PLAYED!!