Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million - Crime (2)

Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million - Crime (2) - Nairaland

Nairaland Forum › Nairaland General › Crime › Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million (43194 Views)

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Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by tradingknowled1: 11:14am On Jul 18, 2022

You own a Fintech and you are still involved in fraud ?? Patience is really a virtue

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1 Like

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Tb222(m): 11:15am On Jul 18, 2022

.hello

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Gbasgbos111: 11:15am On Jul 18, 2022

Afonjas doing what they know how to do best, FRAUD.

1 Like 1 Share

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by 123readygo: 11:15am On Jul 18, 2022

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by sarajen: 11:16am On Jul 18, 2022

Learn the right thing with us!

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Moh247: 11:18am On Jul 18, 2022

Flier:
I don’t think they are criminals,they are just one of those Nigerians that send dollar in black market rate to nigeria from the comfort of their apartment
Most Nigerians abroad now use them because of the better rate but the bad thing is,they can be arrested and prosecuted since majority of them are not registered
Only learner still use western union or money gram to send money home,majority use these type of people

This is what I told people on Compass finance and Tinubu money laundering case

US don't care, as long as the money is tied to any crime, you are partly responsible if it's money is traced to your business

5 Likes

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Vix805: 11:19am On Jul 18, 2022

so they didn't steal the money only didn't take very good care of it it seems. Totally underserved.
Hacked netflix available at 2k only. No subscription required. No expiry.
. 8yrs fb acc available 5k only.
dm number below.

1 Like 1 Share

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by meobizy(m): 11:20am On Jul 18, 2022

Stories of this sort make it difficult to believe success without fraud is possible in the country.

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Nobody: 11:20am On Jul 18, 2022

Flutterwave and co same game in kenya

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Nword223: 11:23am On Jul 18, 2022

Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million SCAM.

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by wandyvirus(m): 11:24am On Jul 18, 2022

Everything you said makes sense. Where they failed was their KYC system. It lwtt them vulnerable. If they had a good KYC in place, it won't stop fraud but will absolve them of blame. The big boys have such in place. You know who sent and why and who received, where and when.
Ping was just....ping.
The issue with Nigerian Fintech is that if you subject it to stress and vulnerability test,you will run with your money.

Sad that they had to bear the brunt of a system waiting for them to fail anyway.

babzo:
This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions have fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine.

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

People will think this is $167 million cash somewhere?.

Nope. This is $50, $100, $200 here and there from 30,000 customers over 5 years. I myself sometimes sent $15 and sometimes $300 or more.

The allegations is on the $1 million sent by a Fraudster, Collins over a 3 year period.

But the banks where the monies came from to Ping Express are not being questioned.
This is a company I used for years and people I knew personally.

They followed every rule.

I know the stress I went through to get verified before using their services; license, phone call etc, things I never had to do with Western Union.

They are not accused of fraud, but rather not stopping fraudsters.

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

Western Union and Moneygram have lost probably billions in the last few Years with the arrival of companies like Ping Express that made sending money to Africa not only faster, but cheaper, direct to bank accounts and 24/7.

Western Union that used to be only available during banking hours.

12 Likes 1 Share

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by ufotunang: 11:26am On Jul 18, 2022

That is good they think that place is Nigeria where you can do anything and walk freely

1 Like

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by babzo(m): 11:27am On Jul 18, 2022

wandyvirus:
Everything you said makes sense. Where they failed was their KYC system. It lwtt them vulnerable. If they had a good KYC in place, it won't stop fraud but will absolve them of blame. The big boys have such in place. You know who sent and why and who received, where and when.
Ping was just....ping.
The issue with Nigerian Fintech is that if you subject it to stress and vulnerability test,you will run with your money.

Sad that they had to bear the brunt of a system waiting for them to fail anyway.

But if the KYC was bad, why and how did they get all the correct info about Collins?

Why has the CEO of the bank where Collins kept his money before transferring through Ping not been arrested?

9 Likes 1 Share

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Earlystar698(m): 11:27am On Jul 18, 2022

babzo:
This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine. Or maybe it's because they are "small boys"

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

People will think this is $167 million cash somewhere. No $167 million anywhere. That's the total of funds they legitimately sent on behalf of people.

$50, $100, $200 here and there from 30,000 customers over 5 years. I myself sometimes sent $15 and sometimes $300 or more.

The allegations is on the $1 million + sent by a Fraudster, Collins over a 3 year period. If Ping Express had not verified their customers properly; how would they have been able to track the Collins guy? But Ping did proper verification for all customers.

But the banks where the monies came from to Ping Express are not being questioned.
This is a company I used for years and people came to know.

They followed every rule.

I know the stress I went through to get verified before using their services; license, phone call etc, things I never had to do with Western Union.

They are not accused of fraud, but rather not stopping fraudsters. Then why jail time? To kill their business finally?

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

Western Union and Moneygram have lost probably billions in the last few Years with the arrival of companies like Ping Express that made sending money to Africa not only faster, but cheaper, direct to bank accounts and 24/7.

Western Union that used to be only available during banking hours. They changed quickly when Ping Express and the new guys positively disrupted the system.

This is really unfortunate.

Maybe you should go send them, the western union and moneygram to jail since you know more than them

3 Likes

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by babzo(m): 11:28am On Jul 18, 2022

Earlystar698:
Maybe you should go send them, the western union and moneygram to jail since you know more than them

Bro, this thing is not rocket science. I wish the Ping guys had consulted me.

4 Likes

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by MideMrPossible: 11:33am On Jul 18, 2022

Fintech my fluffy ass.

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Earlystar698(m): 11:33am On Jul 18, 2022

babzo:
Bro, this thing is not rocket science. I wish the Ping guys had consulted me.

There's still time you can come forward for them since they don't know you are existing.

1 Like

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Nobody: 11:36am On Jul 18, 2022

babzo:
This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine. Or maybe it's because they are "small boys"

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

People will think this is $167 million cash somewhere. No $167 million anywhere. That's the total of funds they legitimately sent on behalf of people.

$50, $100, $200 here and there from 30,000 customers over 5 years. I myself sometimes sent $15 and sometimes $300 or more.

The allegations is on the $1 million + sent by a Fraudster, Collins over a 3 year period. If Ping Express had not verified their customers properly; how would they have been able to track the Collins guy? But Ping did proper verification for all customers.

But the banks where the monies came from to Ping Express are not being questioned.
This is a company I used for years and people came to know.

They followed every rule.

I know the stress I went through to get verified before using their services; license, phone call etc, things I never had to do with Western Union.

They are not accused of fraud, but rather not stopping fraudsters. Then why jail time? To kill their business finally?

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

Western Union and Moneygram have lost probably billions in the last few Years with the arrival of companies like Ping Express that made sending money to Africa not only faster, but cheaper, direct to bank accounts and 24/7.

Western Union that used to be only available during banking hours. They changed quickly when Ping Express and the new guys positively disrupted the system.

This is really unfortunate.

Why US go do this kind thing? Isn't that gross foolishness and extreme jealousy on their part? Dem too dey behave like big baby that's why putin hate them with passion

6 Likes

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Arelyn: 11:41am On Jul 18, 2022*

Before we try to judge them, it's good for everyone to have a proper understanding that they are not scammers or dubious individuals but in an attempt to grow their company, they allowed a huge amount of dollars to successfully go through, which means they earn more from the commission on those transactions

Ping Express is a money transfer app domiciled in the United States and operates Dollars to other currency financial transactions to other countries. It's mostly used by Immigrants abroad as a means to send money to their Original country be it Nigeria, Ghana etc.

There is a maximum financial transaction limit ( approx $10000) an individual can send at a go and not more than $300000 in a year...The issue is that most of these small Fintech companies provide you with the comfort of sending money home with little to no scrutiny for a small amount of service charge with better rates compared to the bug sharks; western union, Money gram, Ria etc who have built a system of financial bureaucracy strong enough to encourage individuals with a large cache of money

The moment an individual sends above $10000, your legal right as a fintech company is to withhold the transaction, request financial evidence of proof of funds from the client and notify FinCen immediately who checks the client's bank statements submitted and approves the Fintech company to process the transactions...I know this sounds like a lot but all these are built into the FinTech app and it's automated

What happened to Ping Express is that many of these transactions were processed within a short period without them notifying FinCEN, which can be done easily by deliberately corrupting the subroutine code without actually crashing the whole program.

FinCen works with a lot of Nigerian banks and they can track from which accounts the largest dollar transactions were made and that's where Ping Express was caught.

..

17 Likes 3 Shares

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Haahabi: 11:42am On Jul 18, 2022

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by 989900: 11:42am On Jul 18, 2022

This is controversial.

1 Like

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by beyondPen(m): 11:43am On Jul 18, 2022

babzo:
This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine. Or maybe it's because they are "small boys"

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

People will think this is $167 million cash somewhere. No $167 million anywhere. That's the total of funds they legitimately sent on behalf of people.

$50, $100, $200 here and there from 30,000 customers over 5 years. I myself sometimes sent $15 and sometimes $300 or more.

The allegations is on the $1 million + sent by a Fraudster, Collins over a 3 year period. If Ping Express had not verified their customers properly; how would they have been able to track the Collins guy? But Ping did proper verification for all customers.

But the banks where the monies came from to Ping Express are not being questioned.
This is a company I used for years and people came to know.

They followed every rule.

I know the stress I went through to get verified before using their services; license, phone call etc, things I never had to do with Western Union.

They are not accused of fraud, but rather not stopping fraudsters. Then why jail time? To kill their business finally?

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

Western Union and Moneygram have lost probably billions in the last few Years with the arrival of companies like Ping Express that made sending money to Africa not only faster, but cheaper, direct to bank accounts and 24/7.

Western Union that used to be only available during banking hours. They changed quickly when Ping Express and the new guys positively disrupted the system.

This is really unfortunate.

Anything to ping us back from advancing is what the whites have been secretly doing.
It's high time we start looking at that angle and I blame Nigerian government for not quickly protecting them.

Our government don't know the investments this young African leaders are putting down are parts of what will drive our economy.

4 Likes

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by kingmann(m): 11:48am On Jul 18, 2022

babzo:
This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine. Or maybe it's because they are "small boys"

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

People will think this is $167 million cash somewhere. No $167 million anywhere. That's the total of funds they legitimately sent on behalf of people.

$50, $100, $200 here and there from 30,000 customers over 5 years. I myself sometimes sent $15 and sometimes $300 or more.

The allegations is on the $1 million + sent by a Fraudster, Collins over a 3 year period. If Ping Express had not verified their customers properly; how would they have been able to track the Collins guy? But Ping did proper verification for all customers.

But the banks where the monies came from to Ping Express are not being questioned.
This is a company I used for years and people came to know.

They followed every rule.

I know the stress I went through to get verified before using their services; license, phone call etc, things I never had to do with Western Union.

They are not accused of fraud, but rather not stopping fraudsters. Then why jail time? To kill their business finally?

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

Western Union and Moneygram have lost probably billions in the last few Years with the arrival of companies like Ping Express that made sending money to Africa not only faster, but cheaper, direct to bank accounts and 24/7.

Western Union that used to be only available during banking hours. They changed quickly when Ping Express and the new guys positively disrupted the system.

This is really unfortunate.

Oga go and read the full story, this guy did not post the full story

4 Likes 1 Share

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Missionaire: 11:48am On Jul 18, 2022

babzo:
This story is really inaccurate.

Neither of these two guys were accused of stealing or fraud, but rather not stopping fraudsters? But why has the same system not sent the CEO of Western Union and Moneygram to jail?

Why jail them? Why not fines? Do bank owners or managers get jailed because fraudsters keep money in their banks?.why havnt the managers of Western Union and Moneygram being jailed since all these years?

The story is 100% wrong. Neither of these two men stole any money. I know many grateful Nigerians who used Ping Express to support their loved ones in Nigeria to the anger of the Big 2 ( Western Union and Moneygram). How can you jail a bank MD because fraudsters have accounts with the bank? Something is seriously wrong here. Why have the MDs of Western Union and Moneygram not been jailed for all the billions fraudsters have sent through their companies? Oh I forgot those are not immigrant owned businesses. Worst case they will be given a fine. Or maybe it's because they are "small boys"

All the people who used Ping Express never gave a dime in cash to the company, they sent the money using their bank debit cards. So why have the managers of the banks from where the money came from not being charged?

People will think this is $167 million cash somewhere. No $167 million anywhere. That's the total of funds they legitimately sent on behalf of people.

$50, $100, $200 here and there from 30,000 customers over 5 years. I myself sometimes sent $15 and sometimes $300 or more.

The allegations is on the $1 million + sent by a Fraudster, Collins over a 3 year period. If Ping Express had not verified their customers properly; how would they have been able to track the Collins guy? But Ping did proper verification for all customers.

But the banks where the monies came from to Ping Express are not being questioned.
This is a company I used for years and people came to know.

They followed every rule.

I know the stress I went through to get verified before using their services; license, phone call etc, things I never had to do with Western Union.

They are not accused of fraud, but rather not stopping fraudsters. Then why jail time? To kill their business finally?

When will the CEO of Moneygram and Western Union that Yahoo Boys have been using for over 20 years to send money, be arrested and jailed? NEVER.

Western Union and Moneygram have lost probably billions in the last few Years with the arrival of companies like Ping Express that made sending money to Africa not only faster, but cheaper, direct to bank accounts and 24/7.

Western Union that used to be only available during banking hours. They changed quickly when Ping Express and the new guys positively disrupted the system.

This is really unfortunate.

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by Litmus: 11:48am On Jul 18, 2022

airsaylongcome:
Many Naija fintechs are fronts for criminal enterprises

Jealousy, the Black man's primary problem.

Forget slavery, racism and the rest... jealousy.

Africa and the rest of the black world need to support the excellence of Nigerians not envy and try to drag them down.

2 Likes

Re: Ping Express: Anslem Oshionebo, Opeyemi Odeyale Jailed In US Over $167 Million by babzo(m): 11:50am On Jul 18, 2022

kingmann:
Oga go and read the full story, this guy did not post the full story

My guy I was following the case before today, before the judgement given, before most Nigerians knew.

When you are doing business with a good company made of good people for years that benefits you and they suddenly shut down, one asks questions.

3 Likes

1 2 3 4 5 6 Reply

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