aguluobi:
Why didn't it continue rising since Binance as been stopped

pls was Binance responsible for the rise in the price of the dollar?

what was the whole idea behind floating forex?

was the goal achieved?

what is the price of dollar today?

https://www.nairaland.com/8031645/naira-falls-parallel-market-appreciates

HAH:
They must identify and name all the economy saboteurs, using their platform to undermine the Naira.

When will FG arrest the real economic saboteurs (bank MD racketing the Naira & selling FX to BDC for round tripping ) because as at now common Nigerians can't get Naira from the ATM except they go to POS operators to withdraw at outrageous charges, and most banks don't sell FX and will rather direct ppl to the nearest BDC were they can earn commission. I have stop supporting PBAT administration because it's evident that PBAT is administratively clueless and poor. Anyways, APC affliction shall not rise again in 2027. Enough! Otoge for Nigerians suffering, Binance is not our problem but wicked politicians and clueless CBN management

ivolt:


You are mostly correct.
But the part about top users not having KYC is definitely not true.
In fact, top users are subjected to more stringent KYC and scrutiny than low volume traders.
Crypto doesn't mean no KYC. People who don't want KYC don't join centralised exchanges,

What the FG wants is that Binance gives it all the data of Nigerian users so that it can find at least one person
who violates one law and maybe force some to give up their assets. Similar to how they arrests hundreds
of Yahoo boys on the suspicion of owning a laptop and then charging very few of them.

In order to establish money laundering, the government has to prove that the source of funds are illegitimate.
Since Binance doesn't accept cash, the investigation should have started from Nigerian banks which is the
gateway for Nigeria based crypto payments. If the government is really trying to fight money laundering,
it should start with the accounts of BDC operators.

By now, the FG should have one suspect's name even without Binance assistance since it has access to
all Nigerian banking transactions. But they are still waiting on Binance.

Your concluding sentence further supports my theory that holding them beyond that 14 days was absolutely unnecessary. Besides, a Nigerian agent can insert themselves into the binance ecosystem and set up a burst operation on major movers. Last time I checked, p2p merchants always have their name and phone numbers boldly displayed on their profiles. This approach we are using is not smart at all, too much muscle no brain work.

Those detained folks are employees, they don't own binance. Imagine a Nigerian director arrested and detained because he works for say PayPal or stripe. Makes no sense.

Paraman:
I support the FG

You better tell your master that this is kidnapping... They invited these guys and they came by their self then you detained they for weeks and still want to keep them more... Lol

This are not Nigeria citizens, this are USA citizens..

If this guys get malaria or kpeme inside your cell, you go hear am

No offense to charge them for. Just plain banditry.

Tealcrestmedia:
This can be like a two edged sword and have a negative effect on investor confidence. If there are charges, charge them quickly or let them go on bail. You can't be detaining someone for over a month and you're yet to build your case, it's really not good. You can release them on bail and have custody of their travel documents. Apart from the money laundering allegations (no kyc for top users, because it's obviously crypto and that's how it works), I don't think there's any other huge crime in running an exchange platform.

They should remember too that we have Nigerian entrepreneurs looking to do business globally.

Having custody of their travel documents won't have any effects because they are not citizens of Nigeria.

The US is involved.

Mynd44:
https://politicsnigeria.com/tinubu-seeks-fresh-court-order-to-extend-detention-of-binance-executives/

stano2:
I wish FG can take on the fight against corruption this way but NO.
400million naira for one borehole.

Dont mind dog wen no fit bark......!!

So na American citizen them wan arrest... Good luck to them

Since they were kidnapped by the FG, how much is the Dollar to Naira ?

Very disgusting behavior from Tinubu's government, Nigeria once again gives foreign investors a reason to avoid this filthy place, trash.

ignis:


Having custody of their travel documents won't have any effects because they are not citizens of Nigeria.

Means they can't leave the country, pending when you've concluded the investigations and if necessary, charging them properly.

aguluobi:
Take your complain to the USA senate

They can go about banning businesses
What I wish is that they stick to solving problems, not trial & error governance
Hopefully they ban social media next to achieve their goals
How enlightened are you ?
You obviously think Binance is an American company

Yes binance was responsible for the rise with it fraudulent tact of manipulating the marketing. Before binance disengaged trading of the Naira it was losing ₦100 daily against the dollar can you explain why it stopped losing after binance disengaged trading of the naira.

After you answered that we go from there.

lexy2014:


pls was Binance responsible for the rise in the price of the dollar?

what was the whole idea behind floating forex?

was the goal achieved?

what is the price of dollar today?

https://www.nairaland.com/8031645/naira-falls-parallel-market-appreciates

xtimconsult:


You better tell your master that this is kidnapping... They invited these guys and they came by their self then you detained they for weeks and still want to keep them more... Lol

This are not Nigeria citizens, this are USA citizens..

you're a Nigerian, stop crying on behalf of American citizens.

Kelklein:
I have this feeling that the government is taking this height-of-the-moment steps that they would apologise for, later.. I also see all of these as a distraction and shifting blames for your irrespónsibilities..

There should be a more diplomatic way of handling this..

I recall how the past government was hounding Aboki Fx for causing the daily devaluation of the Naira then.. Naira was just around N380 at that time.. same Naira today is over N1600.. it was all a distraction to shift blame for their irrespónsibility..

Binance offers a currency exchange platform for willing buyers and willing sellers on all currencies or those allowed on their platform. How is Binance responsible for the devaluation of Naira from N189 in 2015 to N1600.. you are going go explain to the court when those guys you are holding sue you for damages when they come out..

The government should take 100% responsibility for the woes of the Naira.. policy somersault, not thinking through before making policy pronouncements, lack of palliatives to cushion adverse effects of policy pronouncements leading to uncontrolled inflation, dearth of productive activities, poor industrialisation, grand corruption, budget padding.. all these negative vices contribute to further kíll the Naira and the economy..

Enough with the distractions..

God bless you.

Kelklein:
I have this feeling that the government is taking this height-of-the-moment steps that they would apologise for, later.. I also see all of these as a distraction and shifting blames for your irrespónsibilities..

There should be a more diplomatic way of handling this..

I recall how the past government was hounding Aboki Fx for causing the daily devaluation of the Naira then.. Naira was just around N380 at that time.. same Naira today is over N1600.. it was all a distraction to shift blame for their irrespónsibility..

Binance offers a currency exchange platform for willing buyers and willing sellers on all currencies or those allowed on their platform. How is Binance responsible for the devaluation of Naira from N189 in 2015 to N1600.. you are going go explain to the court when those guys you are holding sue you for damages when they come out..

The government should take 100% responsibility for the woes of the Naira.. policy somersault, not thinking through before making policy pronouncements, lack of palliatives to cushion adverse effects of policy pronouncements leading to uncontrolled inflation, dearth of productive activities, poor industrialisation, grand corruption, budget padding.. all these negative vices contribute to further kíll the Naira and the economy..

Enough with the distractions..

Nagode

Northernblood9:
Mumu Federal government. You will tell me exactly how you will convince someone to corporate with you in investigation next time.

[b]You politely invited them to corporate with you for investigation, they came and you quickly arrested (Kidnapped) them, diots without shame. [/b]

POC -- The government isn't detaining them without reason, they're seeking classified information on corrupt politicians who illicitly transferred public funds to secret accounts worldwide.

"You politely invited them to corporate with you for investigation, they came and you quickly arrested "


Another POC -- this approach is a strategic way to catch criminals, similar to how murderers are apprehended. Those who harbor negative views about Nigeria contribute nothing but negativity to these forums.

aguluobi:
Yes binance was responsible for the rise with it fraudulent tact of manipulating the marketing. Before binance disengaged trading of the Naira it was losing ₦100 daily against the dollar can you explain why it stopped losing after binance disengaged trading of the naira.

After you answered that we go from there.

pls how many questions did I ask and how many did you answer?

1. pls was Binance responsible for the rise in the price of the dollar?

2. what was the whole idea behind floating forex?

3. was the goal achieved?

4. what is the price of dollar today?

5. can you pls shed light on what you mean by "fraudulent tact of manipulating the marketing"?

6. can you provide evidence that "Before binance disengaged trading of the Naira it was losing ₦100 daily against the dollar"?

7. can you also provide the value Tinubu met the naira in may 2023 and the date it started loosing value.

8. what influence did Binance have on the value of the naira pre May 29, 2023?

Nigeria government want your names so they can come after you!

https://www.coindesk.com/policy/2024/03/13/binance-nigeria-brawl-continues-as-country-asks-exchange-to-submit-list-of-top-100-users/

lexy2014:


what are their sins?

which financial institution was penetrated?

you are calling people dunce and see your spelling of the highlighted.

how are the ministers of this present administration better than those in buharis cabinet?

Go and ask Google or pls fight about it.

Hate Tinubu as much as you want but either you like it or not Tinubu will rule you for 8 years and listen good and hear me clear Binance is dead and your Gringory will never rule Nigeria and nothing you can do about it.

You this Lexy2014 are you not tired of lamenting Go and find work to do biko.

Jayhome24:


Go and ask Google or pls fight about it.

Hate Tinubu as much as you want but either you like it or not Tinubu will rule you for 8 years and listen good and hear me clear Binance is dead and your Gringory will never rule Nigeria and nothing you can do about it.

did you ask google and fight before you typed all this?

Jayhome24:
They should pay for their sins because in their country dem no born Nigrian to penetrate their financial institution these much then they will tag Nigerians criminals and jump to the street to attack or deport any Nigerian at sight.

Gone are Buhari days where dunce are the ones that filled the cabinet with a Minister of Education who shamelessly came out to say he doesn't even "understand what education sector is all about" and another idiot from ubima went to signed Nigeria sovereignty with China in Chinesse language to build some useless train shit.

Detain them more every dick and Harry taken advantage of our porous system too much. Enough of it and for those of you crying about this pls cry more, Binance is dead and that is it, we give no f u c k, the reform must be completed plus you minus you all.

what are their sins?

which financial institution was penetrated?

you are calling people dunce and see your spelling of the highlighted.

how are the ministers of this present administration better than those in buharis cabinet?

lexy2014:


did you ask google and fight before you typed all this?



what are their sins?

which financial institution was penetrated?

you are calling people dunce and see your spelling of the highlighted.

how are the ministers of this present administration better than those in buharis cabinet?

Go back to Google as I said. Ok

Jayhome24:


Go back to Google as I said. Ok

did you ask google and fight before you typed all this?

Jayhome24:
They should pay for their sins because in their country dem no born Nigrian to penetrate their financial institution these much then they will tag Nigerians criminals and jump to the street to attack or deport any Nigerian at sight.

Gone are Buhari days where dunce are the ones that filled the cabinet with a Minister of Education who shamelessly came out to say he doesn't even "understand what education sector is all about" and another idiot from ubima went to signed Nigeria sovereignty with China in Chinesse language to build some useless train shit.

Detain them more every dick and Harry taken advantage of our porous system too much. Enough of it and for those of you crying about this pls cry more, Binance is dead and that is it, we give no f u c k, the reform must be completed plus you minus you all.

what are their sins?

which financial institution was penetrated?

you are calling people dunce and see your spelling of the highlighted.

how are the ministers of this present administration better than those in buharis cabinet?

Don't let them go until they give you files of scammers and money launderes who use them to mess up of the economy since 8years

What's Bayo Onanuga

Perfectfucker:
🐍

Artscollection:
Dumb ass bandits,they keep battering the dirty image we are managing and expect foreign investors to come. You guys already have enough time to come up with some evidence.

Sorry to say you are dumb as your write up
How much $ Binance paid(tax and user) to federal government to call them foreign investors
because they are foreign investors, government shouldn’t investigate them if needed

Arobaga:
M



You people rate Tinubu so much




So you expect a man that smuggled two bullion van in broad day light to his house to fight corruption for you



A known criminal that came from Osun to hold Lagos treasury hostage to fight corruption for you



Since they started hunting on binance Shebi dollar still dey 1600

How does this your comment educate anyone?

NOW TO YOU SUPPORTERS OF Tinubu LED F.G.N over the Stupidly Foolish And Barbaric Arrest Of The Invited Binance Official, Listen And Listen Carefully.

Nigeria Is Under The Global Petrodollar System which necessitates Subsidizing the Naira because we are Not Allowed To Use It For International Trade Which Would Have In Turn Strengthen The Naira The Way It Suppose To Be Because, There Will Never Be A Need For It To Be Subsidized.

What exactly is being used to Subsidized The Naira or Artificially Strengthen It?

Answer: Same Revenue From Crude Oil That WE AS NIGERIANS Are Not Allowed To Trade In Our Currency, Naira.

That Crude Oil Sales Revenue Is Always In The Non-Beneficial US DOLLAR.

To Artificially Strengthen The Naira In View Of Our State Of Non-Super-Productive And Exporting Level, DOLLARS MUST BE MASSIVELY And CONSTANTLY PUMPED INTO OUR FOREIGN RESERVE or Nigeria's Foreign Bank Account. This helps to reduce the price of our wide range of imported goods.

So the scope of Petrodollar system is: The More Dollars A Country Have In Reserve, The Lower The Cost On Her Importations which Is Actually Artificial But At Least, Nigeria Has Massive Crude Oil To Use For This Covert Arrangement Of Anglo- America to make life less difficult for Every Nigerian.

A Nation That Will Not Subsidized Her Currency Would At Least Be One Whose Exports Are Finished Or Processed Products and Are Massively More Than Her Import. IS NIGERIA SUCH KIND OF A NATION? NO IS THE ANSWER AS MOST OF THE MEAGER EXPORTATION WE DO ARE raw or crude materials which are always under-priced because our Naira as been weakened.

Now all these undesirable issues are there and He Tinubu Still desires to Add Fuel To Fire by Removing "Subsidy" which in accordance to his statement would allow The Masses to determine the Price Of Dollar WHICH WE NOW HAVE TWO VERSION of namely CRYPTO-DOLLAR which is recognized Even By USA Government!!! Imagine That!

When USA Government Clamp Down On Binance, it affected the platforms own Version of Crypto Dollar namely BUSD.

But what about other Versions of Crypto-Dollars like USDT, TUSD, USDC, DAI and Yes, PayPal's Version of Crypto Dollar Namely PUSD, they are left alone to be in Circulation in the Crypto-Sphere ooo. This shows that owners of Traditional Dollars- USA Government- Also Still Recognizes The Alternate Dollars Which Is Not Created By Them But Is Allowed To Act As The Original Digitally. And these Alternate or Cryto Dollars Can be bought via P2P in the Crypto-Sphere.

Now, because of Tinubu Acute Callousness and Corruptive Mindset In View Of His One-World System Driven FOREX Policies, Smart Nigerians Start Sourcing For Alternate Dollar or Crypto Dollar and Use It To Replace The "Scarce" Traditional Dollar using Naira to Buy them.

Companies like PayPal, Mastercard, Visa card now accept most of the Crypto DOLLARS or Alternate Dollar as Traditional Dollar too!!

While such development is on is when your Drunken President now said He as Cancel Fuel Subsidy and Further Makes The Commercial Banks Controlled Traditional Dollar Very Much SCARCE.

He collapse the I and E market into one to His personal Benefits and the Benefits of His Lord's to the Detriments of common Nigerians!

When you make the Traditional Dollar Scarce and I know there is alternative to it which I can get from Decentralized Online Crypto Banks Using My Naira, Will I not go for it to sort out international Transactions I want to engage in?

Of course, I will.

Now that is not even the main issue. Tinubu said Market Forces will Now Be The Determinant Of Naira To Dollar Rate In The ERA OF ALTERNATE OR CRYPTO DOLLAR when you know you will make, via his Useless Forex Policies, the same Traditional Or Government Controlled Commercial Banks Dollar Scarce. NO BE JUJU BE THAT?

Ok if you do not understand me, let me use Buhari's regime explain it.

Did Buhar Devalue or Float the Naira? No

During Buhari's Regime, Are People Not Buying Alternate Dollars With Naira? Yes they Are.

If they are, why didn't the NAIRA start to fall Yakata? Buhari support the Naira with Revenues From Crude-Oil to some Extent.

That support is what Tinubu Removes To Our Detriments and It Does In No Way Makes Sense Because Nigeria Is NOT YET A NATION THAT EXPORT FINISHED GOODS.

SO WHERE IS THE MONEY FOR SUBSIDY GOING TO? YOU ALL KNOW THE ANSWERS AS NIGERIANS.

Now, when Tinubu condition the Naira and it accompanying economy to be these way NEGATIVELY inside Nigeria to the outside world that Allows for Alternate Dollars, How Come Binance Is Being Held Accountable For The FREE FALL OF NAIRA AGAINST traditional dollar??
Is it not about Demand and Supply Again Which He Orchestrated Himself?

And the more a Product Get sought after, the more it price would Go Up. Or do I lie?

JIBO4REAL:


Sorry to say you are dumb as your write up
How much $ Binance paid(tax and user) to federal government to call them foreign investors
because they are foreign investors, government shouldn’t investigate them if needed

Idiot!!! Typical apc demon with comprehension issue.
You want me to explain to you How your father got your mother pregnant.