₦airaland Forum

Congratulations to SEC and Chaka. I hope same diligence will be extended to the crypto platforms to fence out scammers . SEC should please remember the suffering Oando shareholders who have been at the brunt of the litigation between Oando management and SEC going to 3 years now.

Eeyah...Congratulations to the family.I have been wondering who and where's the father of this divinely favoured baby? Naming ceremony is celebration for both parents of the child.

You may be right but if there's no crack within, no outsider can come in. I think each region has its own strengths and weaknesses and that's why I recommend collaborations instead of competition. The former President is actually right about that area of comparative advantage of the SW, in most SW states, all the 3 religions are there and when it comes to community development, all the differences are dropped. It's worth replicating in other zones too and the SW has stuffs to learn from the other zones too.

yommen:
You are living in the past. Come over to the future. The CEO of Twitter is among those guys there. Remember even when Buhari funded crowwe app with 130 Million Naira, Nigerians find it difficult to use and it was pulled down. How did you decide that Twitter is not in a good place? Guy, ur too dull for your liking jare. A very backward fellow.

This your hero in bold is running a loss making company at a time most of its competitors are making gains. The meeting is not a gbosgbas meeting. It will centre on corporate governance, regulations and taxation. Twitter operations is not as complex in operation as the telcos a Patanmi oversee their regulators and have to lay underground and undersea fibre optic broadband cables through several kilometres and different continents yet under regulations. Twitter is a microblogging service platform. They are not as complex or as popular as most us think. If they are as complex as we think, they could have called the bluff of FG and it will not have been so easy for tweets from Nigeria to dominate and trend in the US that is almost twice our population . The point is that let us give room for peace and stop poking childish fun at the effort at resolving the issue.

Hmmm. This is actually very good. Anything that will help us tame the insecurity requires fresh approach and strategy particularly our security relationship with these our neighbouring countries is welcome.
These countries have grown from sabotaging our economy through the use of their seaports to actually graduate to yielding their base for those who never mean well for our nation. For some like Cameroon, there's a report that a separatist group is providing arms for those killing our patriots in uniform.
We need a synergy of our fight against terrorists with those of these neighbours.

Akudaisi:
which drug u dey use high bro I go like taste am

No wonder there's hardly intelligent exchanges on Nairaland again. Too much uncouth young minds.

Yenefer:
Why posting this on politics

Because putting a stop to this scam and scammers requires the attention of the political class especially those in the National Assembly. They need to make the laws to regulate it to fence out these scammers.
Part of the money stolen by these criminal SA brothers includes money from Nigerians. Crypto is a scam and Ponzi scheme until it becomes regulated. Don't ever put your hard earned money in Crypto.
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It's about time crypto is seriously regulated or banned outrightly the Chinese way.
Something has to give way to end this reign of fraudsters. Only scammers are scared of putting end to their fraudulent crypto activity so FG should move in fast before crypto fraudsters undo their efforts in reducing poverty and defending the naira against those buying USD with naira for crypto to pump and dump worthless virtual cryptos. FG act now, please !
FIRS has been embarrassingly silent too. Those Nigerians dashing their money to crypto fraudsters need tax evaluation as well. If you can rein in Twitter, you can rein in those floating and sustaining the climate for crypto fraudsters in Nigeria too. If China can do it so we can. Do not fall for the crypto marketing hype cunningly crafted to bait you , Crypto is a scam and Ponzi scheme.

2 South African brothers vanish with $3.6 billion in Bitcoin

A pair of South African brothers who ran a cryptocurrency investment platform called Africypt have gone into hiding along with investors funds worth $3.6 billion in Bitcoin.

What happened?
Two brothers named Ameer Cajee who acted as the Chief Operating Officer (COO) and Raees Cajee who acted as the Chief Executive Officer (CEO) started a cryptocurrency company called “Africrypt” in Johannesburg, a supposed currency exchange service.

Africrypt provided all-around solutions, including investment opportunities on cryptocurrency and blockchain technology; brokerage services proffering an electronic, off-exchange digital liquidity solution; payment services providing secured digital payments across the domestic, offshore and international market; and full-suite consulting and advisory services for merchant banks and services for the digital world

The first signs of trouble came in April, when Africrypt COO Ameer Cajee, informed clients that the company was the victim of a hack. He asked investors not to report the incident to lawyers and authorities, as it would slow down the recovery process of the missing funds.

Some sceptical investors did not listen to the request not to alert authorities by the COO and contacted a law firm, Hanekom Attorneys while another group of investors started liquidation proceedings against Africrypt. The law firm said they could not locate the brothers and reported the matter to the Hawks, an elite unit of the national police force.

Cryptocurrency exchanges across the globe have also been alerted should any attempt be made to convert the digital coins to cash.

The law firm stated, “We were immediately suspicious as the announcement implored investors not to take legal action,” in response to emailed questions.

Africrypt employees lost access to the back-end platforms seven days before the alleged hack. The investigation conducted by Hanekom Attorneys found out that Africrypt’s pooled funds were transferred from its South African accounts and client wallets through tumblers and mixers to make them essentially untraceable.


The company’s website is down and attempts to reach the two brothers have not yielded any results. The disappearance of about 69,000 coins, worth more than $4 billion when Bitcoin was trading an all-time high of $65,000, would represent the biggest-ever dollar loss in a cryptocurrency scam. The incident could accelerate regulators’ efforts to impose order in the market amid rising cases of fraud.

The South African Finance Sector Conduct Authority is also looking into Africrypt but is currently prohibited from launching a formal investigation because crypto assets are not legally considered financial products, according to the regulator’s head of enforcement, Brandon Topham. The police have not yet responded to a request for comment.

What this means
This is not the first time cryptocurrency scams are happening in South Africa. This comes just after last year’s collapse of another South African Bitcoin trader, Mirror Trading International.

The losses totalled approximately $1.2 billion in cryptocurrencies and the event is referred to as the biggest crypto scam of 2020. Africrypt investors stand to lose three times as much. This incident will prompt strong regulatory action from the South African authorities and a total ban of cryptocurrencies is likely to happen.

https://nairametrics.com/2021/06/23/south-african-brothers-vanish-with-3-6-billion-in-bitcoin/

Gandollaar:
Hahahaha...why are you joyous that talks to resolve the issue is in the works? You miss Twitter so badly??

Hahaha..... you are a experienced table shaker ma

Amotolongbo:
Ask yourself, what do these men have digitally upstairs to engage these technological oriented guys?

Little wonder we are backward in this country

I am not one of the "we". If you have the experience of this kind of meetings, you will not push those rookies alone forward to represent Twitter. Twitter itself knows and by now hiring experienced diplomats and lobbyists so don't stress yourself ma. Btw,let's be happy for Twitter and wish everyone the best. Everything is not fight in life.

MyopicMods:
Twitter: Twitter Tech Team Versus Nigeria Tech Team

If those are the people Twitter is bringing to meet a Fashola, Keyamo, Pantami who is a UK-trained PhD ICT technocrat and Lai Mohamed, a former Chief of Staff, LASG, then it is safe to say Twitter has lost it again and time is not on their side.

Twitter will need experienced people and diplomats on the team , not coding programmers who live their lives as recluse. This is high level meeting and trust me, Twitter is not in a good place . My joy is that talks to resolve the issue is in the works.

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fregeneh:
But sir the court order has been in place before the suspension

No o. Not at all sir. The court judgement was arrested early late March sir.

Racoon:
This government is the most incompetent one full of utterly clueless back and forth dumbasses.

What's incompetent here? If only you had bothered to read it well sir. It was BUA that got a court judgement against the order.
Should they disobey the court order?
What would you have done sir Mr Idea?

It's now time for Oando too to go ahead and hold its AGM after defeating SEC in court
https://www.thisdaylive.com/index.php/2021/03/25/again-court-nullifies-secs-removal-of-oando-directors/
Oando should serve SEC the court order that cancelled the sack of its management and suspension of their AGM since 2019

BUA is flouting the National Sugar Master Plan and using the court order to give it leverage to enable it cheat its competitors by importing cheap unrefined sugar instead of completing the sugar plantations.

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murecool:
STATE HOUSE PRESS RELEASE.*

*_WORKING TOGETHER, NIGERIA WILL REALIZE ITS TRUE POTENTIALS_* — *OSINBAJO.*

*Former Ogun Gov Daniel tells VP:* _We know your job is not easy, but we are proud of you._

Though Nigeria is facing diverse challenges, it will overcome the problems and realize its potentials especially if people who share progressive views continue to work together in the interest of the country, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo stated this Wednesday when he received on a courtesy visit to the Presidential Villa, members of a SouthWest Think-Tank known as IMODOYE led by former Ogun State Governor, Otunba Gbenga Daniel. (Imodoye means knowledge is valuable)

According to the Vice President, “I am very hopeful that this country will truly realize its potentials and I believe that all of us working together can make that happen. If the progressive ideas are put forward and we focus, then this country indeed will work.

“The country is ours, we should make it happen, there will be many challenges but I think that we must be prepared to face it until progressive views of improved welfare for the citizens that we represent, eventually prevail.”

Speaking on the efforts of the Buhari administration to address some of the challenges confronting Nigerians, the Vice President noted that “the best way out of where we are today is to have a massive plan for investment because that is really how to create opportunities for jobs, which is what we are hoping to achieve with the Economic Sustainability Plan, creating opportunities through the solar investments with 5 million connections, the Farms for Jobs Project and the Social Housing Scheme.”

The Vice President then reiterated that the welfare of the people and the progress of the country has always been and will remain the priority of the APC and the Buhari administration.

Earlier in his remark, former governor of Ogun State, Otunba Gbenga Daniel, said the visit was to identify with and support the cause of Prof. Osinbajo whom he described as “intelligent, hardworking, articulate” and a very proud son of the Southwest region.

His words: “we want to let you know that you are appreciated, we are proud of you and the work that you are doing, we know it is not an easy job. We also want to let you know that we want to join you in nation-building, if there is anything, any assignment you want us to undertake, we are at your service, that is why we are here.”

Former Governor Daniel who is now an APC member led the Imodoye delegation which included some other new entrants into the party.
He said having joined the party he has visited the President, Governors, and other leaders including Chief Bisi Akande.

With him yesterday at the VP's office were Mr Dare Babarinsa, a veteran journalist; and Otunba Opeyemi Agbaje, a policy analyst. Others were, Mr Ayodele Olaoye, Mr Kole Omololu, Mr. Kole Abe, Mr Deola Sosanwo, Mr Steve Oliyide, Mr John Obafemi and Mr Demola Folarin.

*Laolu Akande,*
*Senior Special Assistant to the President on Media & Publicity,*
*Office of the Vice President.*
6th May 2021.

Yes O!!

Hahaha.... fathers are the best!!God bless my father. Very focused with his objective for his children and he achieved it. Will beat you and talk to you for hours till sense settle down in your head. Yet so so cool and very cute Esq.
God bless every dedicated and successful father like my father.

Organ merchant. Hmmm

thesicilian:
The time you voted incompetent buffoons into power in exchange for urgent 2k

Then you don't know the issue and probably you didn't read the report intently. This is failed parenting. It is not the job of government to raise you for your parents and raise your children for you. With these, government will soon start killing them and their failed parents.

morinto:
Today I just receive a call from my dad that some one call him from first bank and ask him for his bank details which he gave it to them. The scammer withdraw 200,000 thousand from my dad account. My father is a retired worker and he is just managing his money. Pls I need information on how to track them.

Wow!!!

RuudVanNisteroy:
Chief Otudeko might be be a timber and Iroko in the corporate sector. When come to the political arena he is a novice compared to Wale Tinubu.

The alleged infraction by Wale Tinubu's SEC, in other climes would have earned him life imprisonment. However, in Nigeria that is just business as usual.

Please stay on the usual bread, butter and gbosgbas politics sir. That's for gbogbo ero and agbero alike.This one you are dabbling into is not your forte.

Wale Tinubu that can't even get his board to fall in line or get out of SEC punishment, you are comparing him to a Big Iroko like Chief Otudeko.

Even Chief Otudeko is a senior professional colleague to Asiwaju Tinubu in the accounting profession let alone his age and wealth. As we type here, Oando is so badly beaten that it is the cheapest oil stock on NSE and Wale Tinubu is sacked by SEC and no correspondence from him is accepted.

SEC is not the regulator of Oando's core business so SEC can't close suspend their licence. If Oando were to be a stockbroking firm or registrar, SEC would have suspended their license.

I will no longer reply you if you still go on with remarks that confirm that you know little about the capital market. I just wanted to help you fill the gap on what you clearly don't understand or not familiar with.

RuudVanNisteroy:
The power behind Wale Tinubu is far greater than the power behind First Bank Oba Otudeko and Awosika.

You are getting it mixed up and obviously not familiar with the capital market and history of Oando right from Agip days.
The only reason Oando is stil alive now is because SEC is not DPR that regulates its sector unlike FBN dealing with the regulator of their core business.

So far, it has proven that SEC is far more brutal and Oando lost so so much. Unlike FBN that got forbearance for 6 years, Oando has been under the hammer of SEC now for about 3 years, no AGM, no share appreciation and Wale Tinubu and Omamofe Boyo sacked by SEC.
Now SEC has introduced a criminal investigation into the mix !
Your commentary gave you away as an outsider on the real issue. If Asiwaju Tinubu had backed Wale Tinubu, Oando should not be this heavily punished. CBN for 3 years asked FBN to comply but FBN ignored it and even the CBN governor pleaded with Chief Otudeko but he still went ahead to sack the MD and you say Oba Otudeko is not powerful

At 78 years , billionaire ,OON award holder, Former NSE President, one of the godfathers of the accounting profession, Chief Otudeko is a Man of Timber and Iroko. That you didn't know this alone still show that you know very little about the man sir.

Please stay on politics lane sir. This is corporate Nigeria politics, not your familiar APC-PDP politics sir that is all comers.
Like politics of professional groups, there is ranking. In corporate Nigeria, the likes of Chief Otudeko is a Field Marshall.
Even FBN governor credited the board for taking the bank back to a healthy state but he obviously took his desire to have his way to the extreme. He should have listened to the CBN governor but I wait until I hear his own side.

Great job. God bless Nigeria.

hemmy1843:
It's a pity what our nation Nigeria has been reduced to by our so called leaders. Its so bad that even chinese company like that of palmcredit can pride in Nigeria being a debtor to China. The message though derogatory is a wake up call for all Nigerians against 2023 or better still we go our seperate ways. This is so dissapointing. PALMCREDIT cannot transact in Nigeria and still pride in destroying her image. This should be pushed to relevant authorities and face the consequence of a bad PR.[b][/b]

Go and pay your debt so other people can benefit from the same help you got.
Don't kill their business and if you do, you will have your own business killed some day too.
When you need their money, you went cap in hand, to pay back now after several reminders, you turned into an internet warrior.
This has absolutely nothing to do with Nigeria or China , it is your debt,pay up.

landmark86:
Power of social media
And the useless govt want to regulate it to suit dia interest.
Thanks to everyone that supported her, more blessing.

Am happy for her

Before the advent of social media, we help one another. The good book counsels that we should be our neighbours keeper and that was written and being practised for centuries now.

We didn't have social media to abolish slave trade or get independence so don't exaggerate the quirky use of the social media.

This help would still have occurred without the social media. This help as great as it is pales into insignificance when compared to the destruction of lives and properties by lies and fake news the social media is used for.

oilPUSSY:
http://saharareporters.com/2021/04/23/nigerian-man-omotola-hassan-held-cocaine-india

Pictures o so we can confirm.

Secure Id technology in Lagos makes such cards. Try and find their contact details online and ask if they can attend to your own or refer you to their retailers.
Good luck.

They don't have a choice.