dan56:


And when your next they lure to get locked up by EFCC don’t open a thread here on nairaland.

Before you preach to me about been innocent; note that you can’t enter efcc’s office and come out un_robbed of your account balance.

Ask those that have had a case with them. Innocent or guilty if they were robbed or not. This is Nigeria.

rumor has it obi cubana paid 500k for his release. Can u imagine

akinmusi:
Say no to crime

And how is crypto trading a crime? Bunch of sadists

FreeStuffsNG:
Kudos to whoever authored that press release.
S/He used the kind of tone and language particularly understood by that age bracket.
All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria.
Here is free book on business ideas & money sources directory for you, it's 100% free!
https://www.nairaland.com/6666800/looking-business-ideas-money-fund.

Envy go kill you.. if you dont know how to trade in crypto, then shift and stop spreading your hate due to ignorance and your archaic mindset.. Foolish adults

adamsmith914:
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?

Your stupid father and useless mother is a muMu

27Pushing30:

I actually read their statement word for word and was impressed ... especially by their choice of words.

And as for accountability? My guy forget it jare.... people wey believe in accountability for this country no reach 100 lol

Every time I get on social media apps like Twitter, Instagram and co. I just shake my head at how narrow minded most Nigerians (old and young) are.

I.e a young chap like myself splashing 10m at a night club and nobody is calling the police? If efcc even manage raid am e go dey video dey claim harassment and people will support him.

... or a civil servant on less than 5m a year stepping onto the altar to announce a donation of N1m to the church “project”

Nigerians never imagine if it were their loved ones who fell victim to the fraud, kidnap, rituals, extortion and other criminal acts the person “might” have done to make that money... it is for this reason that criminality thrives in Nigeria.

No accountability...

This is profiling and it's one of the reasons why Nigeria is still backwards till today because of this local mentality. what's the difference between you and Sars with the nonsense you typed here.

Okortor:
Your father was in the womb when I became a banker . Lil kid, grow up.

Ancestors
Like you, Like Buhari
I'm not impressed with Ancestors

Amalarudeen:
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

Clearly you don't understand me. People threatening to leave a bank because the bank follows the CBN guideline will meet the same situation wherever they go. So, if you think you'll take your business from Kuda bank to UBA because you don't want to answer KYC questions then I'm sorry for you.

Is trading crypto fraud ?

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.

Does Cryto mean fraud?

ehh i did not know that many people have been complaining about Kuda. Maybe that is why they are yet to respond to my email for more than a week now.

IamDavid:

Okay. I advertised kuda more than you until I had a personal encounter. I didnt take a kobo that doesn't belong to me. The normal procedure should be innocent until proven guilty, kuda uses guilty for months, until extremely proven innocent. You don't wanna go through that horrible experience. We all use different banks (which are all under CBN) and we know why were saying kuda is not good especially if your into online businesses, not just crypto. Thousands of people complaining can't be mad na

Pimine:

Aswearugaaad

And why should I not do crypto, Mr Logic? Because your walking-dead president, his zombie cabinet, and his brain-dead cheerleaders say so?

Get lost, nicca!

Lol, YOU THINK I AM AGAINST YOU DOING CRYPTO?? F*CK!! I DO CRYPTO!!!. My issue is with you people blaming Kuda instead of attacking the regulator forcing them to take these decisions! For Pete's sake. Crypto helped Kuda acquire more customers when other banks started blocking bank accounts, and you think they are happy this is happening?

adamsmith914:
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?

And how does the Statement from the Useless Afonja VP helped regarding the crypto matter or any other pressing issues on ground. Typical of a useless Afonja Coward.

maestro299:
I've been using this bank for a while now and they've been very ok. It's good Kuda came up with this statement, as it clarifies a lot of ambiguity. I believe as a people, Nigerians have a problem following laid down regulations. That's why the system is so messed up: most people want to just get their way, not minding how it affects others. The cumulative effect of that is where we are as a nation today. Exactly!Na so oooo!

The reason people were complaining in the first place was because they called the guy to their office under false pretense.....they could easily have reported him to Efcc and left it at that.

Dreydoe:
This is profiling and it's one of the reasons why Nigeria is still backwards till today because of this local mentality. what's the difference between you and Sars with the nonsense you typed here.

lol illiteracy is a bad thing shaaaa ... i wish you well

shegzydave:
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

In the US he can sue kuda and Clean them out for entrapment

Damn! I weak for 9ja. Those countries you mentioned even have bitcoin ATM where you can buy and sell bitcoin and other crypto. Nigeria is really a shithole. I hail young men still living in that shit hole country. Spits.

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

LagbajaTheBEREAN:

Wow..

Without alerting the customer, wow again...

Yes without alerting the customer. Reason being that once the customer is alerted he or she would run.

And it is also an offence for the teller or any member of the Bank staff to tip the customer.

Take your time to read AML document to enlighten your ignorance as ignorance is no excuse to the law
https://www.cbn.gov.ng/out/2014/fprd/aml%20act%202013.pdf

Strangely, following this news release, I am now more comfortable saving my money in Kuda.

Well done to the managing team

nedzuby:


Yes without alerting the customer. Reason being that once the customer is alerted he or she would run.

And it is also an offence for the teller or any member of the Bank staff to tip the customer.

Take your time to read AML document to enlighten your ignorance as ignorance is no excuse to the law
https://www.cbn.gov.ng/out/2014/fprd/aml%20act%202013.pdf

Duly noted.

...... beginning of the ending for Kuda. They should just thread softly.

LagbajaTheBEREAN:

Duly noted.

Apologise if my enlighten your ignorance is insulting to you. Don't mean to be insulting as we are all here to learn

The complaints@kudabank.com is an invalid email.
https://www.nairaland.com/6790645/kuda-microfinance-bank-scammed-me

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

This your submission is an indication of the low quality of Nigerians.
Because USA, UK and EU allows cryptocurrency trading, then Nigeria must allow it.
Are you aware that China has banned cryptocurrency trading in their country.
The reason is because it can bring down the economy, it is akin to a pyramid scheme.
If it brings down the Nigerian economy, the same you will start blaming Buhari and Emefiele, that they are the most useless persons on Earth, especially if you lose your money in the trade.
You sir and people with you mindset, are the most useless people on Earth.

Pimine:

Aswearugaaad

And why should I not do crypto, Mr Logic? Because your walking-dead president, his zombie cabinet, and his brain-dead cheerleaders say so?

Get lost, nicca!

China that has the biggest and fastest growing economy in the world also banned Cryptocurrency trading.
So Mr. Pimine, it's you that should get lost.

seanwilliam:
no one can flee with your money with p2p, u just need to report the vendor and upload payment prove . The crypto is reserved with the escrow . It’s safe.

It happens even on big exchanges especially when transaction gets delayed and double payment is effected.

chloride6:


What law does crypto trading violate?

Central bank of Nigeria (CBN) which is the Apex bank in the country and the chief financial regulator early this year directed all deposit money banks and other financial institutions to desist from transacting in and with entities dealing in cryptocurrencies. 

the significant risks that transacting in cryptocurrencies portend, including loss of investments, money laundering, terrorism financing, illicit fund flows, and criminal activities.

To be clear, the CBN did not outlaw trade in crypto transactions; it only directed banks and other financial institutions to close the accounts used for cryptocurrency operations and desist from transacting with entities dealing in crypto.

tonyson010:


It happens even on big exchanges especially when transaction gets delayed and double payment is effected.

when transaction gets delayed , then you will wait till you get alert before releasing crypto..

And if you’re the buyer , provided you’ve marked paid, the trade can’t expire.

Even if the seller/ buyer asks you to cancel , you will stand your ground , until u get your payment .

Only a newbie gets scammed using p2p

I delete them

So, cryptocurrency is fraud?

Which law states that?

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.

AlieninPH:


China that has the biggest and fastest growing economy in the world also banned Cryptocurrency trading.
So Mr. Pimine, it's you that should get lost.

Aswearugaaad

China is almost self-sufficient. They are a producing nation. They can start trade-wars with any country they want to and probably win. Can your country do that?

Stop comparing apples and oranges here, my nicca. If you're gonna be a zombie, at least be a reasonable one. Oh, my bad! I forgot zombies are brain-dead so they can't reason.

Now run along. I don't engage paid miscreants.