Beverlyjean:


Politicians now use crypto to move stolen funds, ita safer for them...and they now steal without conscience cos it will not be traced ... over a hundred billion dollars was stolen and secured thru binance under the last government...

CheapHomes1:


is it now u are realising that all the campaign talk were all lies?

Namaster:
I am 100% convinced that fhis guy is secretly DUMBER than a truckload of bricks.

The worst part is he assumes everybody is as dumb as he is.

First of all, he definitely does NOT have a friend who is the Assistant Director of the FBI. An airhead like this guy would have namedropped him like 20 times instead of something vague like "a friend of mine".

Plus, the Assistant Director of the FBI would know that it's completely IMPOSSIBLE to track any Dollar notes. That's why criminals like drug dealers do deals in CASH.

They merely have SECURITY features to make them recognisable as genuine and not counterfeit. And the Naira notes have similar features.

This guy is always so eager to spew LAMBACIOUS shiiits and exaggerate mediocrity.

He's the same guy that the EXCITEDLY held a press conference about how a 17-year old Yahoo boy got his BVN from his phone number.

This guy does NOT know what he's doing. But that's okay because he fits right in with the rest of Tinubu's appointees.

Curious345:
Very true .

During the incompetent Buhari days , a guy was arrested for directly funding bandits and Boko haram.to the tune of over a billion USD..

The story died ,just like that ..


Then another man , a Fulani from Niger Republic ,collected $450m from the Nigerian army to supply them with weapons and eloped with the entire sum. Till this day

King125007:
Do you know your stupid government would have monitor ND regulate crypto if they have not banned the traditional banking system from trading on crypto?

That way your bank have your details ND crypto transactions history, so the government can request it or place a limit on transaction
But no o, this stupid bunch nor dy think dy banned outright, thereby birthing P2P

IT becomes more untraceable

peekspot:

Olukoyede narrated how he was informed by a friend in the US Federal Bureau of Investigation, that dollar bills across the world can be tracked with technology.


https://punchng.com/terrorists-using-cryptocurrency-traders-to-fund-insecurity-efcc/

CheapHomes1:


which politicians use crypto to move stolen funds? all the politicians funds in banks, are they in crypto?

wirinet:

Are you not aware that Abacha and Deziani Allison stole their billions of dollars using crypto.

Beverlyjean:
Crypto should be banned in Nigeria... We take advantage of loopholes alot... we are not mentally ready and capable of handling the don'ts of crypto... alot are so foolish not to know that pressure on crypto also affects our currency... crypto is not traded in Naira , its traded in dollars , and worse of all , it can be untraceable, its a hub for criminal activities because u don't need the conventional banks to run it

Image123:


You can, in the sense that you want to track them. For example, they have the data of the number on the notes, and can work with the last seen(s). But that's only possible through banks, not cash to cash.

Beverlyjean:
Crypto should be banned in Nigeria... We take advantage of loopholes alot... we are not mentally ready and capable of handling the don'ts of crypto... alot are so foolish not to know that pressure on crypto also affects our currency... crypto is not traded in Naira , its traded in dollars , and worse of all , it can be untraceable, its a hub for criminal activities because u don't need the conventional banks to run it

correkguy:
Okay so, Kidnappers are collecting cash using naira.. so lets us also ban the naira…
Idioto !

blackmantis:
This man talks too much.
There are somethings you don't say.

Let's assume that his so called friend in the FBI gave him a classified information on how dollar bills are tracked, "MUST HE COME AND SPEW IT TO THE PUBLIC,?"

Inspirer1:
you can ban Naira too, or don't they use Naira to do whatever you claim crypto is used for

abi na, tell dem o,
that's what I'm telling that one up there talking anyhow

CheapHomes1:


which politicians use crypto to move stolen funds? all the politicians funds in banks, are they in crypto?

peekspot:


The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that unbeknownst to young cryptocurrency traders in Nigeria, terrorists are using their trade to fund terrorism in the country.

The EFCC boss said some of the people who receive money to trade in cryptocurrencies do not know that their financiers are sponsors of terrorism.

He added that some of the 1,146 bank accounts recently frozen by the anti-graft agency were conduits for terrorism funding.

Olukoyede revealed the development during an event organized by some Civil Society Organizations in Abuja.

The programme, titled, “Multi-stakeholders’ national dialogue on preventing terrorism financing and violent extremism,” was held at the Transcorp Hilton Hotels, Abuja on Wednesday.

Olukoyede revealed, “Some of you are aware of our activities in the area of investigating virtual currency trading and the likes of cryptocurrencies.

“They are potential platforms to fund terrorism. A lot of us don’t understand that. Some of our discoveries during the investigation of some of these platforms were mind-boggling.

“We thought Binance was a major one. Yes, it was. We are prosecuting them. But there are other platforms we have discovered.

“They used some of these young men. Some of them don’t know that the people who gave them money to trade are people who fund terrorism.”

The EFCC boss further said there is a need to adopt technology in tracking money used to fund terrorism in the country.

Olukoyede narrated how he was informed by a friend in the US Federal Bureau of Investigation, that dollar bills across the world can be tracked with technology.

“It is important for us to adopt the use of technology,” he said.

“I was comparing notes with an assistant director in the FBI — a friend of mine. He said: ‘My brother, from our systems in the US, we can track every printed dollar anywhere in the world’,” he added.

The EFCC boss added that Nigeria must get to that stage where technology can be deployed to track naira notes used for terrorism funding.

https://punchng.com/terrorists-using-cryptocurrency-traders-to-fund-insecurity-efcc/

JuanDeDios:

Yes, you can track a PARTICULAR bill. But the suggestion that someone knows where EVERY dollar bill is is wrong. They can't do that. If they could, terrorists and drug dealers won't be using dollars.

Pecoleee345:


Every country that have ban crypto are dumb..


You know more than them prof of finance

pafra:


You can not ban crypto in Nigeria it's impossible. The only way is to shut down the internet.

Once the internet is working, it's mission impossible

Namaster:
I am 100% convinced that fhis guy is secretly DUMBER than a truckload of bricks.

The worst part is he assumes everybody is as dumb as he is.

First of all, he definitely does NOT have a friend who is the Assistant Director of the FBI. An airhead like this guy would have namedropped him like 20 times instead of something vague like "a friend of mine".

Plus, the Assistant Director of the FBI would know that it's completely IMPOSSIBLE to track any Dollar notes. That's why criminals like drug dealers do deals in CASH.

They merely have SECURITY features to make them recognisable as genuine and not counterfeit. And the Naira notes have similar features.

This guy is always so eager to spew LAMBACIOUS shiiits and exaggerate mediocrity.

He's the same guy that the EXCITEDLY held a press conference about how a 17-year old Yahoo boy got his BVN from his phone number.

This guy does NOT know what he's doing. But that's okay because he fits right in with the rest of Tinubu's appointees.