Kobicove:
Did he register the names under copyright laws?

If he did not then he has no case

You dey talk nonsense. Except those accounts have valid IDs to back up those names, they're in a for a long thing. Kyc is a must for every account opening.

timesuploaded:
Lies. They are the ones defrauding people. The two of them are finished artiste in serious depression due to being broke and frustrated. As gamble no pay they started 419 with their personal banker

I pray for you, may God heal your heart from any form of hatred and jealousness.

Mr Peter Okoye, you are the fraudster. Those banks GTB & Access banks are audited Bi-annually by KPMG and CBN. In fact CBN goes to those top tier banks for uninformed audit just to raise funds for the govt. any audit infraction noted by CBN is a fine of 25 million and best belive CBN are good at spoting this type of mistake. The truth will come out don't worry. Olé.

He has a strong case, time for lawyers to cash out

NHow Dem take access to your bvn

Chunedujohnson6:
90% of Nigerian banks are sh1t just like this country.

99% of them

Na just grace and prayers dey save most of us.

The bank you say is doing you well might be showing 10 other people shege.

2BabaNairaland:
Please change your name to MrAgbado !

you go jam agbako las las Omo Nna jatijati 😂

But how can banks aloe people opme account without BVN, NIN and no valid identification? Na WA sha

Revolva:


the money the two of them make in music , the revenues na eternity how are they finisned abi na u de finished....you think psquare are your mate in entertainment money

mumu. Dangote don't even have money that will last him for one month. Capitalism is the biggest lie ever told. There is no capital only thievery. My dog is richer than psquare. They are both depressed idiots

Nolevel666:


You think everyone is as broke as you are
Mumu

shango strike u mad a trillion times all over. Bastard a donkey

Kobicove:
Did he register the names under copyright laws?

If he did not then he has no case

What kind of foolishness is this?

Register his name ND surname and bvn and nin

OgwuEgo:
Nah 1 useless person write petition against me but it will be sorted out eventually

It'll take time o, be careful bro

Redbarry:

So You didn't read the part where he said the accounts were being used to scam people? It was very important to put it out on social media so that people will know he isn't the one behind those accounts and beware of falling victims to such scams.

Leave the slowpoke
He is uneducated
He can’t read and comprehend

timesuploaded:
shango strike u mad a trillion times all over. Bastard a donkey

Mumu

This is the 3rd month 😔

Lordofalmajiri:

It'll take time o, be careful bro

OgwuEgo:
This is the 3rd month 😔

You're in for a long ride.. if you get connection it'll be faster. Cause if you wan follow normal process it'll take up to 1 year

Nolevel666:


Mumu

be like u want me find u and use axeee chop u into 10,000 pieces. Bastard a donkey

Hmmn. Ooh that is it

timesuploaded:
be like u want me find u and use axeee chop u into 10,000 pieces. Bastard a donkey

Elon musk senior you?

U nor day see wetin he day achieve?

You still day open your smelly mouth

MarrisManah:

You dey talk nonsense. Except those accounts have valid IDs to back up those names, they're in a for a long thing. Kyc is a must for every account opening.

Themandator:


What kind of foolishness is this?

Register his name ND surname and bvn and nin

Do you think he's the only one bearing the name "Peter Okoye"

And who told you that the bank did not do KYC?

If he wants to reserve Psquare then he should have registered it as a copyright

Una go just open mouth talk waaaaaaaa

My family members don involve them say make I no worry them go sort am out.

Lordofalmajiri:

You're in for a long ride.. if you get connection it'll be faster. Cause if you wan follow normal process it'll take up to 1 year

brain54:
If you want to sue the banks then sue…

Not everything is social media noise!

What exactly qualifies as social media noise? Just an example will suffice.

Kobicove:
Did he register the names "Peter Psquare" or "Psquare" under copyright laws?

If he did not then he has no case

Don't find the blind fool.
He's only seeking public attention.
Does he have sole rights to the name?

dominique:
Nigerian banks are the biggest enablers of fraud. The way they the way they give them conducive platforms to defraud and get away with fraud is shocking to say the least!

What's the point of mandating people to get BVN when you know you will end up allowing fraudsters to open "wallet" accounts without any form of identification? ALL commercial banks are guilty of this not only those ones called out.

Dominique, it's not directly any bank's fault, it's the CBN's.
From what we all observed during the currency redesign/cash crunch period last year, most people, especially in the ritual/informal sector do not have bank accounts and prefer to keep their money in cash.

This has always been a trend since, and the reasons for this have included:
• Illiteracy
• No access to smart phones
• No banking services
• Relatively large account opening amount
• Cumbersome account opening/maintenance process. You need various documents to open an account which many unbanked people, due to their status in society do not have eg address, utility bills, ID cards, etc.

In a bid to widen the financial inclusion in Nigeria, the CBN in 2013 introduced the concept of tiered accounts. What this means is that instead of having all bank accounts with the same requirements for opening and maintenance, accounts were split into 3 types ("tiers ":

• Tier 1 (lowest tier) that can be opened with zero naira and does not need any identifying documents or BVN. However the balance of the account is capped: ₦20,000 single deposit and ₦200,000 cumulative. This means that no amount greater than ₦20,000 can enter the account at once, and you cannot at any time have more than ₦200,000 in the account or your account will be placed on PND and you will be forced to upgrade since you have proven to exceed the requirements for the account.

•Tier 2 (Medium Tier): for people who have more money and may have some form of identification eg students. The student ID card can suffice in place of a government issued ID card like NIN, Passport, etc. BVN is required. The balances are capped as follows: ₦50,000 deposit and ₦400,000 cumulative.


•Tier 3 (normal bank accounts): these are the normal bank accounts many people have. You need full documents to open: a valid utility bill within the last 3 months, a government issued ID card such as NIN, Passport, driver's licence, and BVN. Since there is full KYC on the account, there are no account limits. You can have up to ₦100 trillion in the account as long as you can defend the source.

Again the rationale is that people who would use these low tier accounts do not have the required documents to open normal bank accounts or do not have much transaction value to warrant increased scrutiny from banks and bank examiners (CBN, NDIC).

You can see that since tier 1 accounts can be opened with no documentation, and on various channels (POS, ATM, USSD, mobile app, etc) they are the perfect tool for scammers. One can open a tier 1 account on an ATM with the name "Elon Musk" and the account will be opened since the bank doesn't need to verify you're actually Elon Musk.
There is no need for any "insider" to make this work.

To forestall this the CBN needs to implement stringent requirements for the opening of all tiers of accounts but that defeats the point of tiered accounts. Finance inclusion is on one end of the scale and fraud is on the other end and the CBN needs to balance it well.

CBN circular implementing tiered KYC for accounts: https://www.cbn.gov.ng/out/2013/ccd/3%20tiered%20kyc%20requirements.pdf

CBN circular exempting Tier 1 accounts from BVN verification:
https://www.cbn.gov.ng/Out/2021/CCD/REVISED%20REGULATORY%20FRAMEWORK%20FOR%20BANK%20VERIFICATION%20NUMBER%20(BVN)%20OPERATIONS%20AND%20WATCH-LIST%20FOR%20THE%20NIGERIAN%20BANKING%20INDUSTRY%20121021%20FINAL.pdf

Feel free to ask questions 😀

Kobicove:


Can he prove that he is the first person that started identifying as Peter Psquare in Nigeria?

Even if he is the first one does he have proof to show that every individual in Nigeria including all bank workers know him as Peter Psquare?

It's like you're one of those people who created a fake account.

Do I have to state the obvious? Those people are scammers and they created those accounts to fool people into thinking that they're sending money to Peter of Psquare.

Nolevel666:


Elon musk senior you?

U nor day see wetin he day achieve?

You still day open your smelly mouth

A palm wine tapper in Osun state is better than Elon musk. Elon musk is depressed and a criminal that's why he is always looking for $8 to steal from every corner of the world

Papayaayasager:
First of all did he Mr P registered his brand name? But the banks no try at out...why na

This tells you that boiz are not smiling any more.

even if he didn't register it what I'd did the person use for validation in the banks? the bank officials are not innocent.

Omo ale, nah cocaine wey your Oga smoke and pass it to you, dey affect you.



Las las you go dey alright.

MrAgbako:
you go jam agbako las las Omo Nna jatijati 😂

Kobicove:
Did he register the names "Peter Psquare" or "Psquare" under copyright laws?

If he did not then he has no case

Ask yourself if you a celebrity you won't register? Deh play

Redbarry:

So You didn't read the part where he said the accounts were being used to scam people? It was very important to put it out on social media so that people will know he isn't the one behind those accounts and beware of falling victims to such scams.

You get time to explain to dummies sha

2BabaNairaland:
Omo ale, nah cocaine wey your Oga smoke and pass it to you, dey affect you.



Las las you go dey alright.

Nna mehn naija hard. Shey Biafra land flowing with milk and honey still hard too? 😂
Oh I forget amadiogha demon still dey enjoy blood every sit at home day for sad east 😂

brain54:

I didn’t go to school…


Summary pls!

First of all pay your school fees, I don't teach for free.