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Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC (46193 Views)

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Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by amp01(m): 7:44am On Nov 12, 2021
Kudos to the bank.

1 Like 1 Share

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by RichDad1(m): 7:45am On Nov 12, 2021
tegrianonigltd:



Crypto is fraud?? Abi I no understand.
It’s not a fraud but it’s illegal. All thanks to the idiotic leaders. So it’s not Kuda’s fault.
The people that couldn’t stood against this policy is the clueless National Assembly.

5 Likes 2 Shares

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by sammirano2: 7:45am On Nov 12, 2021
Compliance is key

1 Like

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by nedzuby: 7:45am On Nov 12, 2021
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.

And you think they exist because of you alone? People cancelled Access Bank last yearafter endsar but did it stopped them from declaring profit?


Like Asa sang in Jailer and I quote "Life is not about your Policies all the time" so my dear, drink water and rest.

6 Likes

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Yxxx: 7:46am On Nov 12, 2021
Hmmm, I'm just hearing about this bank .
Could this be a form of publicity?
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by BrickDevo: 7:47am On Nov 12, 2021
talk2hb1:
Be Expecting Their response!
But in the real sense, most of this banks are being gagged by CBN, The way media is being gagged by Lai Mohammed.
They can't operate outside the confinement of the law, wishing them all the best.
moha gagging which media
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by sunnyside16(m): 7:47am On Nov 12, 2021
Kuda bank of yesterday......................they are cancelled.

1 Like

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by lomprico(m): 7:49am On Nov 12, 2021
RichDad1:
If you’re legit, you have nothing to fear.

so in your small mind trading crypto or getting paid in crypto is illegal?

1 Like 1 Share

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by nedzuby: 7:49am On Nov 12, 2021
U
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..

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

1 Like

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Themandator: 7:50am On Nov 12, 2021
JaySterling:
Kuda is canceled!

Deleting the app right now

Deleted mine yesterday not because I do crypto but that somebody should have just 800k and you summon him to your only office in Lagos irrespective of his place of residence and then hand him over to EFCC.. That is an over kill


Keep your bank please... Too many fintec to worry about your indiscretions. Carbon and the rest are even better than your bank

13 Likes 3 Shares

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Nobody: 7:52am On Nov 12, 2021
The Fulani caliphate wants to ensure that they frustrate any form of financial advancement amongst youths.

They know that youths of the Southern part of Nigeria are the major holders of cryptocurrency which yields gain.

It's a two headed spear: Religious and Political.

Religious in the sense that Islam frowns at any form of gain and political to frustrate the South's economic growth.

4 Likes 1 Share

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by mayo47(m): 7:52am On Nov 12, 2021
Seer......Would Nigerians help them when CBN fines them or seizes their license? A unique value proposition they offer of No charges for first 25 bank transfer would continue to drive demand.

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.

2 Likes

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Themandator: 7:53am On Nov 12, 2021
nedzuby:
U

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

Something that is hung on walls of banks

My anger is them inviting somebody from wherever and handing him over to EFCC... I didn't pay to open the account so I closed it the same way I opened it by deleting the app.. After six month let them declare it dormant and year delete it from there records


I don't need them or it to save my life

1 Like

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by nedzuby: 7:53am On Nov 12, 2021
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.

Don't mind them. What they failed to understand is when they are sanctioned the Bank alone goes down and in order to avoid such sanctions they have no choice but to obey the regulatory body which is CBN

2 Likes 1 Share

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by RichDad1(m): 7:54am On Nov 12, 2021
lomprico:


so in your small mind trading crypto or getting paid in crypto is illegal?
Yes it is in Nigeria. Blame central bank not Kuda

1 Like

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Themandator: 7:54am On Nov 12, 2021
mayo47:
Seer......Would Nigerians help them when CBN fines them or seizes their license? A unique value proposition they offer of No charges for first 25 bank transfer would continue to drive demand.


Vfd offers same.. Nothing is unique to them
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by JudeAfoo(m): 7:55am On Nov 12, 2021
Kuda seems not to know what a crime is by law. Shameful idiots
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by RichDad1(m): 7:55am On Nov 12, 2021
Midas01:
Since when is crypto an illegitimate business.

Sha the goal is to add numerous bank accounts to your binance account that way the different banks won't suspect a thing.
I guess you’re new in the country ? It’s been illegal for months now.
You people needs to stay up to date to avoid issues like this.
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by FlipModeSquade(m): 7:56am On Nov 12, 2021
Lovenorth:
The useless untrained terrorists will soon troop here with their insult as usual
Shut up angry
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by MoneyTrees(m): 7:56am On Nov 12, 2021
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.

Great weekend guys. TGIF.
A teenager spotted cheesy

1 Like 1 Share

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by TheGift: 7:57am On Nov 12, 2021
uniqueboi1:


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

What makes them useless? Because they obeyed CBN regulations?

1 Like

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Mexyz(m): 7:57am On Nov 12, 2021
slimghost:
Nigerians are so irresponsible and hate accountability. These banks are regulated by an Apex bank and risk their license being withdrawn for certain infractions.
CBN have said, ‘no crypto transaction’ right or wrong, all regulated banks must abide by this.
No need being emotional over this. These kids expect KUDA to risk their license over 800k?.
If Nigerians are irresponsible and hate accountability, does that not include you being irresponsible?
I seriously don't know why some of you in a bid to look different and holier than thou end up looking stupid (no apologies)

What happens to 'some people or some Nigerians'?
So people that don't trade crypto or use Kuda are also stupid and irresponsible right?

6 Likes

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by 27Pushing30: 7:58am On Nov 12, 2021
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.
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...

8 Likes 1 Share

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by IMAliyu(m): 7:58am On Nov 12, 2021
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
Na CBN policy. Every bank has to obay.
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Leverage2021: 7:59am On Nov 12, 2021
Inkling:
War against crypto is a war against innovation

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by barragan: 8:00am On Nov 12, 2021
Amalarudeen:
Una never chew chinchin grin
After seeing the number of customers you will lose this week, una go disobey CBN by Force.

Where will they go to? No bank will accept any nonsense in Nigeria.
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by slimghost(m): 8:01am On Nov 12, 2021
Mexyz:

If Nigerians are irresponsible and hate accountability, does that not include you being irresponsible?
I seriously don't know why some of you in a bid to look different and holier than thou end up looking stupid (no apologies)

What happens to 'some people or some Nigerians'?
So people that don't trade crypto or use Kuda are also stupid and irresponsible right?

I normally do not engage nitwits. This is just to make it clear to you kid.

1 Like

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by babyfaceafrica: 8:02am On Nov 12, 2021
lomprico:


so in your small mind trading crypto or getting paid in crypto is illegal?
It is against federal laws
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by babyfaceafrica: 8:03am On Nov 12, 2021
Themandator:


Something that is hung on walls of banks

My anger is them inviting somebody from wherever and handing him over to EFCC... I didn't pay to open the account so I closed it the same way I opened it by deleting the app.. After six month let them declare it dormant and year delete it from there records


I don't need them or it to save my life
You are obviously new to certain things
Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by TheGift: 8:04am On Nov 12, 2021
Reading a lot of the comments here, cancelling Kuda for doing something it is bound to do as by regulation, all I can think is that many Nigerians are lawless and irresponsible.

4 Likes

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by tonyson010(m): 8:05am On Nov 12, 2021
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.

People trade however nothing like crypto is written, but the bad one is that u can easily lose Ur money in P2P once the other guy decided to flee with Ur money. U can't report to police or bank.

2 Likes

Re: Kuda Bank Releases Statement On Accusations Of Reporting Clients To EFCC by Okortor: 8:05am On Nov 12, 2021
Your father was in the womb when I became a banker . Lil kid, grow up.
MoneyTrees:

A teenager spotted cheesy

2 Likes

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