₦airaland Forum

I got the same email from them

OneKinGuy:
Kuda response

jumper524:
I'm sure there's more to it.
Kuda won't do such a thing knowing fully well that their rivals, palm pay and opay would accept such customers with full hands and little verification.
CBN only allows police/efcc report on account that doesn't receive huge figure regularly but receives 5million instantly..
Moderators shouldn't move such post to Frontpage.

You dey mad big time walai

Ogbeni that was not a normal bank verification procedure. Verification procedure for banks in Nigeria is simply through identification documents such as ID cards, utility bill and Bvn. My face was right in front of her on the PC. She didn’t question my identity... she only questioned that particular income source in a rude manner. There are better ways to do that.
Her job was to approve transfers not to question people’s sources of income. No dey talk wettin u no know.

BluntTheApostle:
How can you vex for someone doing her job?

If they sack her for easily passing every claim, would you help her?

All those questions she asked are questions that have been drilled into them. It is called transaction verification.

Many of you don't know that these verifications are in fact put in place to help you. Imagine it was a scammer that came to impersonate you, and she passed him easily. That means you would have lost 1million naira.

I have heard of a case of someone who went to recieve money transfered to them from the United States, but when he got to the bank, he heard that someone else has taken possession of the money.

Please, always let these people do their job. They have your best interest at heart.

lalasticlala:
As shared by @brysonadahcole:
https://threadreaderapp.com/thread/1458459958392115207.html

Kuda will not just report your friend's account to the police, for no reason at all.

Illicit funds must have either flowed into your friend's account from strange sources, or someone reported his account for engaging in fraudulent activities/scam, to Kuda.

Did he receive funds using dubious means, recently? Find out. Vouch for nobody.

If he didn't do so, ask your lawyers to write to Kuda, demanding an apology and major compensation, for freezing the account, and causing financial hardship, to the account holder.

If they don't respond, notify them that you would take them to court! Simple.

akdjr:
I don't think a bank can just trick a customer to come for documentation, because he or she has 800k in the bank account. Something must have happened that result to the arrest.

For instance, my landlord son was robbed and the armed robbers compel him to transfer 300k into a kuda account. So if such account is blocked and further arrested people who don't know will jump into conclusion that Nigeria is this and that.

Exactly! You are right!

excanny:
Is it so difficult for your friend to prove how he got 800k?

I have close to 3M in my Kuda account and no one has ever blocked my account. Complete the story

Thank you, o! There is something the "friend" is not telling everyone about that 800k transaction.

angelfallz:
Which bank?

Firstbank. Well i haven't had issues with them though

TheRealOwner:
The way CBN is directly and indirectly crippling Crypto & Forex traders and those offering skills online ehn.

Remember when I did 3 transactions in February and my account got frozen

It was only unfrozen in October after several visits, verifications, submission of documents and all.

It was not funny.


For those asking, it's FIRST BANK.

From february to october, was the transactions forex withdrawal related??

mixta140:
Sorry digital guru...
Stop blaming government for your failures... especially the south .... blame blame up and down... you better get to work...

Sense is far from you man.

mixta140:
Nigerians are used to nonsense no be today .... we want it free most times ....
We spend money on irrelevants...
Well well... this administration is not doing well yes... same as last ....
They are all the same... I stay in a new site ... people keep building edifices everytime there ... I wonder are this ones not the country... I stepped up ooo... no matter what no excuse to fail ooo...

You see how you contracdict yourself from your above quoted reply?

juwoonn:
Ogbeni that was not a normal bank verification procedure.

It is a typical transactions verification.

Verification procedure for banks in Nigeria is simply through identification documents such as ID cards, utility bill and Bvn. My face was right in front of her on the PC. She didn’t question my identity... she only questioned that particular income source in a rude manner. There are better ways to do that.

But of course, you had never received that much in your account, which explains her curiosity.

Her job was to approve transfers not to question people’s sources of income. No dey talk wettin u no know.

If her job is to approve transfers, don't you think she should be able to ask these sorts of questions?

Like I wrote earlier, activities are what are usually attractive, not necessarily the amount entering or leaving the account.

For example, in your case, you had never received the amount that you received at that said time. No one is against progress, but it is a policy in many financial institutions to investigate unusual cashflows.

Unusual would imply something that does not happen regularly. Something that is not usually expected of an account. For example, let us say an account recieves at most 100k every month, and does not spend very much. Then suddenly, the account receives 2 million in whatever tranches, and spends just as much in that day. This can raise many red flags, including money laundering, ransom money, frauds, etceteras.

It is not really about the 2 million, but the unusual activity.

Mind you, the bank does not say you should not progress in life. That is why it allows you to verify your activities or answer certain questions, regarding an unusual activity with your account.

I understand you...
oga, my wife used to work with a bank... so I am not a novice. There are ways to ask these kind of questions without making your intensions obvious. Besides, some cash flow descriptions are obviously explanatory; “merrybet-LANG” (bankers should be familiar with transactions from bet companies? They have them on almost all banking apps).

That account was having a cash flow of over 1M prior to that time because it’s my day to day account and I’m a business person... just that it hasn’t done 1M/day as at then.
Person wey I fit born no fit dey open eye for me ontop my legit money and I won’t open eye for her too.

The manager apologized that day but you’re here defending her.

BluntTheApostle:
It is a typical transactions verification.



But of course, you had never received that much in your account, which explains her curiosity.



If her job is to approve transfers, don't you think she should be able to ask these sorts of questions?

Like I wrote earlier, activities are what are usually attractive, not necessarily the amount entering or leaving the account.

For example, in your case, you had never received the amount that you received at that said time. No one is against progress, but it is a policy in many financial institutions to investigate unusual cashflows.

Unusual would imply something that does not happen regularly. Something that is not usually expected of an account. For example, let us say an account recieves at most 100k every month, and does not spend very much. Then suddenly, the account receives 2 million in whatever tranches, and spends just as much in that day. This can raise many red flags, including money laundering, ransom money, frauds, etceteras.

It is not really about the 2 million, but the unusual activity.

Mind you, the bank does not say you should not progress in life. That is why it allows you to verify your activities or answer certain questions, regarding an unusual activity with your account.

fxexperts:
Sense is far from you man.



You see how you contracdict yourself from your above quoted reply?

A company they believe is harming the nations economy... and they are trying to bring them down.... you are still complaining... what do you people really want.... if you can do it better... go and do it now... nawa ooo...
Let abokifx defend itself if they are innocent... everything no be haunting na...
Since nothing the government does looks good...
Go do am ooo... problematic people

Bignuell:
From february to october, was the transactions forex withdrawal related??

Cryptocurrency

mfm04622:
There is a regulation that says when you have not received a certain amount before, you need to explain how you got it.
However, that explanation is to the bank, not EFCC. So something must have happened for them to invite EFCC immediately

it is 5m.

Commotfornigeri:
it is 5m.

No!

There are 2 different things.

1. There is an amount that banks MUST statutorily report if you deposit it in a day. Different amount for human beings and companies.
2. If you get unusual amount in your account, the BANK will call you to explain. Not report you. Normally, 100k enter your account every month, a million entered, you will be asked to explain. If your explanation is not reasonable, you will be reported.

For Kuda to have invited him and handed him over to EFCC without asking any question, they have proof his account was used for fraud. No need for long story

mfm04622:
No!

There are 2 different things.

1. There is an amount that banks MUST statutorily report if you deposit it in a day. Different amount for human beings and companies.
2. If you get unusual amount in your account, the BANK will call you to explain. Not report you. Normally, 100k enter your account every month, a million entered, you will be asked to explain. If your explanation is not reasonable, you will be reported.

For Kuda to have invited him and handed him over to EFCC without asking any question, they have proof his account was used for fraud. No need for long story

alright bro

lalasticlala:
As shared by @brysonadahcole:


https://threadreaderapp.com/thread/1458459958392115207.html

He got his own kuda account locked by himself for what reason?

Ajiswaggs:
Very useless bank, I do advise people to stop using them.

Not useless in what they sent you , you have done 50 transactions in a day explain to them simple

juwoonn:
Na mumu bankers wey no dey mind their business dey cause am sometimes... how much is 800k?
I remember when I got N1M from merrybet around 2018... the money entered in 2 500k in the span of 10 minutes or so. I got to the bank to transfer the funds for a property I was about buying and the small “girl” (I should be 10 years older than the idiot) said where did you get this money from? I told her from a company I did business with... their name is merrybet... check yourself.
And she’s was like your account with us have been receiving nothing bigger than 300k at once but yesterday you got N1M... what did you do that the company is paying you 1M? Na so I vex for her...I asked her if she want to remain on the same level for life... until the manager came out, checked her system and approved my transfer. So, sometimes frustrated or overzealous staffs can flag your account.

Yes your explanation alone does it

AntiWailer:
There are tiers of accounts and there are limits.

When u breach it, u explain au u got it.


It is dt simple.

I don't think it's limit, I think it might be illegal fund

lkillbrokehoes:
I've said it before and I will say it again, if you are earning alot from cryptocurrency move out of that shíthole, I know why I'm saying this, since the government is against the progress of the youths, just f*cking travel to a sane clime.

I'm in Asia presently, Singapore precisely. everything here is great, lovely and friendly people, I'm even more comfortable here than in Europe, nobody will come and harass you because you have trading apps on your phone or because you drive flashy cars etc

The only reason i come to Nigeria is to visit my parents, that's all.

Beanmanx this your scamming format don cast..
try another method cos this is getting outdated
people eye don shine for this forum

Barryseal:
I have a job opportunity in Sg. Can I contact you privately?

he's a scammer, avoid him, that's why he's no more f
using that moniker cos I exposed him.
he's currently operating as beanmanx and going about scamming people of their hard earn money on this forum.
I'm looking for his details so we can jail him.

Graceunlimitedd:
Beanmanx this your scamming format don cast..
try another method cos this is getting outdated
people eye don shine for this forum

he's a scammer, avoid him, that's why he's no more f
using that moniker cos I exposed him.
he's currently operating as beanmanx and going about scamming people of their hard earn money on this forum.
I'm looking for his details so we can jail him.

Mynd44,,, seun,, justwise,, NLFPMOD
Violation of rule 8 and 19...

Posting false information against my person and using alternate accounts,,,here is one of his accounts that was banned

https://www.nairaland.com/uniimitedgrace

Graceunlimitedd:
Bean..manx this your scamming format don cast..
try another method cos this is getting outdated
people eye don shine for this forum

he's a scammer, avoid him, that's why he's no more f
using that moniker cos I exposed him.
he's currently operating as bean..manx and going about scamming people of their hard earn money on this forum.
I'm looking for his details so we can jail him.

Mynd44,,, seun,, justwise,, NLFPMOD
Violation of rule 8 and 19...

Posting false information against my person and using alternate accounts,,,here is one of his accounts that was banned

https://www.nairaland.com/uniimitedgrace

jumper524:
I'm sure there's more to it.
Kuda won't do such a thing knowing fully well that their rivals, palm pay and opay would accept such customers with full hands and little verification.
CBN only allows police/efcc report on account that doesn't receive huge figure regularly but receives 5million instantly..
Moderators shouldn't move such post to Frontpage.

Kuda staff spotted.