FalseProphet1:
The same government that instructed CBN to ban crypto currency are trading it, the same government that arrested obi cubana for money laundering are also guilty of the same offence.

Kuda bank aren't wise, I see Nigerians deleting their app, I see them unable to pay their staffs, I see them folding up in the coming months.

This I have seen.

you can t blame KUDA they are under the license of CBN .CBN should be held responsible kuda got lots of seed invesment and they wont allow anything destroy their businesss if i were inthwir shoes i would do the same .

BrickDevo:
moha gagging which media

Don't be naive, news reports are being orchestrated

ogunboi:
Seriously? Make I transfer my money commot for this rubbish app fast fast! So Kuda Dey now work For CBN and efcc. Even first bank and Zenith wey I Dey use do crypto no Dey report na kuda wey belong to a youth Dey f***k up! God punish Kuda

do u people even know how bank works all banks work under CBN they cant do anything without CBN even let me shock some of you its not only kuda its all bank if u are about to open a new account now they ask if u are into crypto now so its not only KUDA all of them now have been given the directives base on CRYPTO.

googlepikins:
This explanation is so annoying, how can you call people with crypto currency fraudsters.

American government are not even clamping down on Americans making money online through crypto currency. Not even UK or EU.

But the country that have been pushed to poverty capital of the world have ban crypto currency. Emefele and BUHARI are the two most useless humans on earth

Mumu is President Buhari The Governor of The Central Bank of Nigeria, is he the one that makes the monetary policies? Zombies use whatever is left of your decaying brain, didn’t the Vice President lend his own advise for the CBN to try & find a way to accommodate crypto trading?

Themandator:


I wonder... I sell you buy.. How is it a fraud.. Is it not for them to do advisory and let the people involve make their decisions

It's just a mess. Clueless people.

Shey na one man talk say make dem give am N82b to take buy mosquitoes net? Dem no arrest am ooo

KUDA didn't make the law but they should have been smart enough to handle their customers better, again as a new generation fintech company emphasis should be on preventing fraud rather than reacting to fraud; make your systems detect and block all crypto transactions so you won't have to be calling EFCC for your customers. Again the fundamental question is if the guy had 8billion in his account would they have called EFCC, won't they send somebody to his house to explain other things they can help him do with the money?? Were they trying to score a cheap point before CBN and the guy was just an inconsequential victim?

henryobinna:
a simple question is crypto transactions fraudulent? Say someone sells their cryptocurrency holdings and get paid to their bank account, does that constitute to fraud, at least in your definition?

It is currently against CBN regulations. Even the big DMBs are closing people's accounts for this. Direct your anger to Emefiele.

LagbajaTheBEREAN:
The explanation I've been yearning for is...

1. Why was the customer called for something else only to find out EFCC was waiting for him?
2. Assuming KUDA is right, what's the account holder offence then?
3. I believe there's no need for long grammar, just hit the nail on the head and then we decide where to throw our funds.


P.S: I no geh kobo for my KUDA account..

They have answered all the questions.
1. They have no choice but to report anybody who perpetrate fraud to relevant authority.
2. He used the account for fraud.
3. No need to answer this

joey150:
Nigerians don't like accountability. The leaders are only a mirror of the people they lead. We have so many weak institutions because there are simply no checks and balances.

All this ruckus because a financial institution rightfully flagged an account due to a suspicious transaction? Financial institutions flag transactions for different reasons, it's not just about the sum of the money.

The person with the said blocked account can tender the required evidence and they should be absolved of any wrongdoing.

If it's about cryptocurrency, then banks have been explicitly warned by CBN not to facilitate crypto currency transactions of any kind. People should take it up with CBN and Emiefele and not Kuda.

I don't support the stupid herd mentality brewing on social media, neither do I have any incentive to support or crucify Kuda.

I will continue to use my Kuda account until I have a substantial reason not to do so.

They invited him to their office in Lagos. And when he got there, they invited EFCC to pick him up. I don’t know how that can be justified.

Okortor:
You all ran to kuda because of the convenient banking system and easy KYC documentation. Now the chips are down...you all still spilling trash...

I use kuda and av got millions in my account which they won't dare report me to EFCC because I don't accept suspicious or fraudulent Transactions neither inflow nor outflow on my account.

I'm a financialist n I know what's right n what's wrong.

I can't count how many suspicious accounts n transactions I've reported to the CBN as regarding AML.

STOP JUSTIFYING FRAUD, WHAT'S BAD IS BAD. IF YOU ARE LEGIT, YOU HAVE GOT NOTHING TO FEAR N WORRY ABOUT IRRESPECTIVE.

Great weekend guys. TGIF.

God bless u

Okortor:
You all ran to kuda because of the convenient banking system and easy KYC documentation. Now the chips are down...you all still spilling trash...

I use kuda and av got millions in my account which they won't dare report me to EFCC because I don't accept suspicious or fraudulent Transactions neither inflow nor outflow on my account.

I'm a financialist n I know what's right n what's wrong.

I can't count how many suspicious accounts n transactions I've reported to the CBN as regarding AML.

STOP JUSTIFYING FRAUD, WHAT'S BAD IS BAD. IF YOU ARE LEGIT, YOU HAVE GOT NOTHING TO FEAR N WORRY ABOUT IRRESPECTIVE.

Great weekend guys. TGIF.

You spoke the truth. Many people still have millions in their kuda accounts. If nothing is wrong with your transactions they won’t flag it. If the government ready to fight crime, they should put stringent measure in place that banks must follow.

How person go open personal account, con start to dey receive and send huge amount anyhow. Manager go review that kain account and ask the customer questions, if he no get better talk na to close the account straight.

Happily deleted the rubbish app. Every all my friends wey dey my whatapps group don dey delete am one by one

na even one my guys post this early this morning...me self repost am

this guy get over 500k for kuda...him don japa

Sorry Kuda, but you cant take side with Buhari Government against Nigerian youths.. Even SARs failed. Na your papa turn to burn...ALl your investors don make error..

LagbajaTheBEREAN:
The explanation I've been yearning for is...

1. Why was the customer called for something else only to find out EFCC was waiting for him?
2. Assuming KUDA is right, what's the account holder offence then?
3. I believe there's no need for long grammar, just hit the nail on the head and then we decide where to throw our funds.


P.S: I no geh kobo for my KUDA account..

Let the person clear himself with EFCC, it's as simple as that, no need for long question. Calling EFCC is part of the directive CBN gave every bank and this isn't new, it has happened with various banks once they notice any irregularities they must call EFCC to handle that. You dont expect the bank to be doing criminal investigation, there are bodies in charge of that and thats how it is in other countries.

Joining FG to Gag her citizens is a wrong move.
Goodbye

I dey use kuda for cryptocurrency and I dey do over 500 transaction in a month but them no fit block my account because I dey always try owe them money no matter how if them see say my account dey minus them no go fit even try block am

Awesomeking:
You can't expect them to break the law to please you all.. If central bank closes down kuda bank wetin d employees go chop? All of you above me showing anger would have done the same thing to save your assets.. Kuda forever.

Are foreign banks not breaking the law, providing offshores for stolen funds, all those billions our politicians take offshore e no reach to prompt redflag.
In nigeria an elderly civil servant deposit a questionable sum, the bank looks away but a youth walks in to collect $1000 n the MD is speed dialing efcc ... is that how to fight corruption.
whatever is what doing should be done well. a selective system won't move us an inch

I'm even scared, I thought I was safe with Kuda now this. I have replied their mail. Once I offload my balance I'm closing the bank for good

why do they have to lie in the first place
lieing in this type of situation is a big offence
they lie for the guy to come to lagos and only for them to hand him over to EFCC
necos of this am withdrawing my money and deleting the app asap

Okortor:
[s]You all ran to kuda because of the convenient banking system and easy KYC documentation. Now the chips are down...you all still spilling trash...

I use kuda and av got millions in my account which they won't dare report me to EFCC because I don't accept suspicious or fraudulent Transactions neither inflow nor outflow on my account.

I'm a financialist n I know what's right n what's wrong.

I can't count how many suspicious accounts n transactions I've reported to the CBN as regarding AML.

STOP JUSTIFYING FRAUD, WHAT'S BAD IS BAD. IF YOU ARE LEGIT, YOU HAVE GOT NOTHING TO FEAR N WORRY ABOUT IRRESPECTIVE.

Great weekend guys. TGIF.

[/s]

Lovenorth:

Leave the country if you are tired, but the issue here is that no one would be allowed to infest our country

I should leave my country for your Boko Haram and bandit noethern-niger jihadist.. brothers.
Come collect land na..
If you b Hausa I go dey shame for you.cos una no get sense.
Allow Fulani people to keep taking you back to middle ages or stone age.
Tueh

uniqueboi1:


I was thinking of opening an account with them.
Thank God I didn't make that horrible mistake.
Useless bank.

So are you going to delete all Nigerian banks, cause they're all governed by CBN and follow CBN rules.

Okortor:
[s]You all ran to kuda because of the convenient banking system and easy KYC documentation. Now the chips are down...you all still spilling trash...

I use kuda and av got millions in my account which they won't dare report me to EFCC because I don't accept suspicious or fraudulent Transactions neither inflow nor outflow on my account.

I'm a financialist n I know what's right n what's wrong.

I can't count how many suspicious accounts n transactions I've reported to the CBN as regarding AML.

STOP JUSTIFYING FRAUD, WHAT'S BAD IS BAD. IF YOU ARE LEGIT, YOU HAVE GOT NOTHING TO FEAR N WORRY ABOUT IRRESPECTIVE[/s].

Great weekend guys. TGIF.

you're talking absolute nonsense. Does dealing in crypto currency automatically equate to justifying or being a fraudster ? Continue living in the stone age while the rest of the world moves ahead

Fe190:


So are you going to delete all Nigerian banks, cause they're all governed by CBN and follow CBN rules.

Na you sabi o
I dn talk my own.

barragan:


Where will they go to? No bank will accept any nonsense in Nigeria.

And since when is having 800k in your account 'nonsense'? You pple will keep supporting rubbish till it gets to you. Imagine you receive that amount from your boss or company for something vital and they freeze your account and tell you to travel to Lagos with your documents...is that not nonsense?? Are they the only banks??.. nonsense

mfm04622:


They have answered all the questions.
1. They have no choice but to report anybody who perpetrate fraud to relevant authority.
2. He used the account for fraud.
3. No need to answer this

Well noted...

nedzuby:
U

Many don't know about the AML (Anti-Money Laundry) policy that say report any Suspension without alerting the customer

Wow..

Without alerting the customer, wow again...

FalseProphet1:
The same government that instructed CBN to ban crypto currency are trading it, the same government that arrested obi cubana for money laundering are also guilty of the same offence.

Kuda bank aren't wise, I see Nigerians deleting their app, I see them unable to pay their staffs, I see them folding up in the coming months.

This I have seen.

na Northerner own the KUDA ? THey have zero Business sense

IT IS NOT THE LAW, BECAUSE IT HAS NOT BEEN PASSED BY THE NATIONAL ASSEMBLY! A COURT OF LAW HAS ALREADY STRUCK DOWN CBN GUIDELINES AND DIRECTIVES BECAUSE SUCH DOES NOT REPLACE THE PROCESS OF THE PASSAGE OF LAW IN NIGERIA.

Okortor:
You all ran to kuda because of the convenient banking system and easy KYC documentation. Now the chips are down...you all still spilling trash...

I use kuda and av got millions in my account which they won't dare report me to EFCC because I don't accept suspicious or fraudulent Transactions neither inflow nor outflow on my account.

I'm a financialist n I know what's right n what's wrong.

I can't count how many suspicious accounts n transactions I've reported to the CBN as regarding AML.

STOP JUSTIFYING FRAUD, WHAT'S BAD IS BAD. IF YOU ARE LEGIT, YOU HAVE GOT NOTHING TO FEAR N WORRY ABOUT IRRESPECTIVE.

Great weekend guys. TGIF.

So, is trading Crypto fraud?
Because in your own eyes na you wise pass. Lol.
You are a financialist bla bla BLA BLA....you get millions like say na only you go first get millions, Pele people that got their accounts closed and are Developers and work for legit money, are they not in your category. Just carry your ego go somewhere else, keep am for your house.

Alaye go and think well, is this the right direction for our country?

I don't trade crypto but even the advanced countries don't treat their citizens this way.

Be grateful for what you have but don't condemn others no be everybody go work for NSE.

More so, countries that will move forward in this dispensation will need to embrace technology, you can't go against it.

Criminals when UBA was facilitating the stealing of pensions fund they all turn blind eyes if it is the general populace you will shouting otherwise

Ernestforyou:



Telling us what we know is not an explanation but lame excuse. Why do they invite EFCC to arrest their customer because of 800k?That question needs to be answered else your education needs to be questioned.

It's visible to the blind and audible to the deaf that this client was involved in some cryptocurrency transaction. C'mon, not everything is about people wanting to see other's downfall. And 800k is a meager sum, and only people who have probably never earned or gathered that see it as something worth calling EFCC on a client for, especially without good reasons. I have once had EFCC called on me before because my bank thought I was funneling funds for Boko Haram, as EFCC had instructed them to keep an eye on accounts that had money flowing in and out steady.