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FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga - Business (4) - Nairaland

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Nigeria's FX Crisis: What You Should Know By Kingsley Moghalu / Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries / Nigerian Banks To Minimize Debit Card Spending Abroad As FX Crisis Intensifies (2) (3) (4)

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Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Mrexcell(m): 9:50pm On Feb 21
stano2:
Lol… this man is clueless, Ghana and several African countries deal with crypto, and we don’t see them banning Binance and co.


Corruption has finished Nigeria.
Our polithievcians are the number one cause of what’s happening now but will the take the blame NO.


Tinibu and buhari apc have nuked nigeria's economy only the #30t buhari took from cbn without giving any reasonable details of what it's meant for is enough to crash nigeria's economy and the naira.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by MrCamron(m): 9:59pm On Feb 21
Didi2d:


Smiles....


Just about replying you, I saw another topic saying the Nigerian government has ban binance and the rest

If the Nigeria Government should ban binance from doing business with her citizens,it is a standard practice for binance to make announcements to that regards and binance will give a timeframe for her citizens to withdraw their funds.


No one can ban P2P,we are what made up P2P,not binance and not even any damn government.

P2P is can be compared to what a true government of the people for the people and by the people should be,not this sham of a democracy!!

2 Likes

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by olaxm: 10:04pm On Feb 21
Ban crypto Ban crypto. How many times. As far as I am concerned CEX exchange will always subject crypto to regulation as it wasn't originally design for crypto trading. Crypto offer solution to every individual who want to hedge against government. If US government can't stop crypto and it now being offer to investor on wall street. Na useless Naija government wan con ban it. Dey play

1 Like

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Vision101(m): 11:25pm On Feb 21
@EbolaTinubu
Nigeria is cursed with bad leadership.
If you expect anything good from this set of criminals, then you are a fool.

@me
Why are you living in a cursed country? It means that you are cursed.

Why are you interested in the affairs of a cursed country? It means that you like curse therefore you are cursed.

Why are you making money in a cursed country? It means that you like cursed money. Therefore it means that every money that you touch is cursed.

2 Likes

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Vision101(m): 11:29pm On Feb 21
@fredsamuel1
I wonder the kind of brain that God created this type of idiots with, imagine these fools when they were young were called the leaders of tomorrow. We are cursed in this forsaken country.

@me
You and your gang are cursed. I'm a Nigerian. I'm not cursed.

1 Like

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Johnjustice: 11:40pm On Feb 21
Ban crypto, ban aboki bureau de change, ban binance, all these places are where Nigerians hoard dollars.

1 Like

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Johnjustice: 11:41pm On Feb 21
EbolaTinubu:
FOOLS banning it is not the solution to our problems

If you are still supporting this mad men in power, just submit yourself to a psychiatric home because you are not mentally Ok. You need serious help aswear
Nobody is supporting anybody, he is stating the problems and giving solutions, what are you doing?

1 Like

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BlakKluKluxKlan(m): 12:19am On Feb 22
Holyfic:
Ban am or not e nor go stop incompetence. Moda4ckars

Brainlessness is your bane.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BlakKluKluxKlan(m): 12:20am On Feb 22
EbolaTinubu:
FOOLS banning it is not the solution to our problems

If you are still supporting this mad men in power, just submit yourself to a psychiatric home because you are not mentally Ok. You need serious help aswear

You are partners in crime with saboteurs which is why you're complaining.

2 Likes

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BlakKluKluxKlan(m): 12:20am On Feb 22
Orubebe01:
Trial and error system of government

Mumu grade A.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BlakKluKluxKlan(m): 12:23am On Feb 22
Tntsi:
Even if you ban dollar, what is destined to fail will fail.
The mandate is a cursed mandate that desecrated the land.
Even if angels are appointed to head cbn and other institutions, under this desecrated mandate, they will crash.

Which mandate ? Keep fooling your stupid selves.
Only ret*RDS who believed Buhari was al-Sudan believe a none existent mandate was stolen.

1 Like

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BlakKluKluxKlan(m): 12:25am On Feb 22
EbolaTinubu:
Nigeria is cursed with bad leadership.
If you expect anything good from this set of criminals, then you are a fool

They need to deal with criminal elements like you who sabotage their efforts and the economy.

2 Likes 1 Share

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BlakKluKluxKlan(m): 12:25am On Feb 22
matify83:
The government is clutching at straws .

Our economic minders clearly need help in navigating the financial bobby traps set against it in the FX market.

It's only by deploying a superior strategy that they can untangle the naira from the web of entanglements weighing it down.

Brute force won't cut it.
Clamping down on BDCs may generate a negative blowback.

Brainless input.

2 Likes

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by PaNnamdi: 12:44am On Feb 22
PARADIZEPRIEST:
They use cryto to laundre looted money,drug money and all sorts of illicits deals. angry CRYTO IS BAD FOR AGRICAN ECONOMY because THEIR GOVT ARE NT SOFISTICATED TO CHECK CRYTO CRIMES. angry ban it now.
Shut up u imbecil.

Crypto trading is what the few legit youths in Nigeria are doing.did you provide work for massive youth population?if not why banning crypto trading.

The dollars politicians looted during elections shey na crypto cause am,is Ghana and uk not doing crypto why is their currency not useless like our own.

When an illiterate speak it's not hard to identify one.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Konquest: 2:03am On Feb 22
fergie001:


Bayo Onanuga is Special Adviser on Information and Strategy to President Bola Tinubu
Impressive. It's the excessive greed of some people for higher profit margins via parallel market or the illegal black market rates sourced from USDT quotes on crypto exchages that's been leading to further depreciation of the naira.

This has to be disrupted so this wild frenzy over in Nigeria ends. How can these people deliberately seek to destroy their own national currency through massive greed? The profits they've made is already enough and it's time to back down.

The CBN too must put in place innovative digital apps or modalities to make it easy for nearly all Diasporan remittances to come into Nigeria instead of Diasporans using money transfer apps which does NOT enable more than 10 percent of the entire 20 billion USD annual remittances to get to Nigeria. Back in the day, Western Union and MoneyGram were very active, but with these new money transfer apps the dollars or hard currencies are kept by the agent while beneficiaries get paid in Naira.
So, over 18 billion USD does NOT get into Nigeria... Only the Naira equivalent of that total sum does.


Last but not least, CNG-KITTED trucks should immediately be released to agrarian epicenters of Nigeria to bring foodstuffs from agrarian communities from North to South and vice versa at cheaper prices due to lower cost cost of transportation since CNG is the cheapest of all the fuels at N200/kg. This would lower hyperinflation immediately.

1 Like 1 Share

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Konquest: 2:17am On Feb 22
olaxm:

Ban crypto Ban crypto. How many times. As far as I am concerned CEX exchange will always subject crypto to regulation as it wasn't originally design for crypto trading. Crypto offer solution to every individual who want to hedge against government. If US government can't stop crypto and it now being offer to investor on wall street. Na useless Naija government wan con ban it. Dey play
The U.S. government actions in the 2000s against money laundering and other crimes
brought the older digital platforms called Egold and Liberty Reserve to an end. I had funds with those two platforms and lost my funds forever.

The U.S. can do the same (with their economic allies) by disrupting the activities of crypto exchanges such as Binance based on threat assessments to the U.S. economic interests.

1 Like 1 Share

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by commoditiesnig: 2:25am On Feb 22
fergie001:


Bayo Onanuga is Special Adviser on Information and Strategy to President Bola Tinubu
This is serious! Individuals wishing bad against an entire nation. Pure evil!

2 Likes 1 Share

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Yinksdavid(m): 3:57am On Feb 22
Bro, very well said.

I read one of your comment where you said that you have a telegram group. Please i would like to join.

Thanks

MrCamron:
Crypto is not betting/gambling !!
For a layman,you may relate crypto to buying of shares as an investment,be it for long term or for a short term.

Also,no goverment in the world can ban crypto ! And the reason for that is because it is decentralized!!

The only thing or part of what government could do is to make policies to tailor and restrict the centralized exchange websites/company's. For example,the USA government restricted binance in the way it does business with her citizens,and that's why binance had to create a version of binance known as www.binance.us just to sooth the financial policies of the USA financial Authority. I think that's the most the Nigeria Government can do.

You saying a government will take down crypto is basically you saying a government will shut down the internet !!

And truly,if internet cease to exist,then crypto will also cease to exist,because crypto is built on the backbone of Blockchain technology,which is built on the backbone of the internet,just like emails and the rest.

No one should panic to withdrawal his/her funds from any of the exchanges,just look out for announcements and update from them.

Like me,I have non-custodial wallets which I use, I use coinomi especially because they have relative good fees. But I can't do without custodian wallets/exchanges like binance because I trade (futures trading) derivatives market especially,though i trade Spot markets too. But the former is more lucrative and more risky,you just need to understand and apply risk management strategies at all time and also put your greed on check 24/7.

Just as in cash money,there are many use cases for crypto too,cash money is used by the same oil and gas gurus for fraud,the same goes to politicians and the likes,hence crypto is not left out. Or have we ever heard that crypto was transported via bullion van to any politician house? Or Abacha use crypto nii?
Emefiele nko?

I'm an early bitcoin adopter since 2013,that's when I created my first wallet with blockchain.info, I think they are now blockchain.com. Then,most of the P2P trades happended ONLY on bitcointalk forum,which is the first ever website created for the propagation of bitcoin.

In 2016,I made a profit of more than 300 million naira with an investment of 5 million naira on some shit coins via cryptopia.co.nz , a website that was latter hacked that same year. I still had some coins there when the hack occurred.


Everyday,I spent more than 15 hours analysing trade pairs on futures trading.

For those of us who still think crypto is majorly scam or for scamming or for yahoo yahoo to client thing,please you are wrong. You need to have an open mind as regards crypto.

Also,try to read stories and Google about young crypto billionaires. Also please read about how CZ the founder of binance sold his house and used the money realised to invest on crypto.Now the rest is history !!

Blessings !
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by ambale(m): 5:33am On Feb 22
So just one imaginary case study and boom ban😃😃😃

Lagos landlord has lost it completely

When will you guys talk about the expensive foreign wares your children and friends use?

Everything na just to choke the poor men more
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Moneyboyz: 5:37am On Feb 22
I should be prosecuted for spending my money how I like?

You are only gonna give police and others the right to steal money off our wallets.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Orubebe01: 8:17am On Feb 22
BlakKluKluxKlan:


Mumu grade A.

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BlakKluKluxKlan(m): 9:48am On Feb 22
Orubebe01:


Ebi na lo ma pa e Ku.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Orubebe01: 9:57am On Feb 22
BlakKluKluxKlan:


Ebi na lo ma pa e Ku.

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Preneurtiger(m): 12:17pm On Feb 22
How does the affect or solve the economy backsliding of Nigeria?



Meanwhile, XPM Exchange remains a safe and secure platform that is already registered in Nigeria under the Corporate Affairs Commissions (CAC) and Special Control Unit against Money Laundering (SCUML) which is controlled by the Economic and Financial Crimes Commission (EFCC)



Thereby buying and selling of coins, swapping giftcards and converting e-wallets funds for Naira is permissible and safe on the platform. You can click on the link on the signature below to get started.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BannedUser: 2:30pm On Feb 22
Konquest:

The U.S. government actions in the 2000s against money laundering and other crimes
brought the older digital platforms called Egold and Liberty Reserve to an end. I had funds with those two platforms and lost my funds forever.

The U.S. can do the same (with their economic allies) by disrupting the activities of crypto exchanges such as Binance based on threat assessments to the U.S. economic interests.





If only you could understand what Blockchain tech is, you wouldn't be spewing this thrash. Even if all the world govts agree together to ban crypto, it's going to be impossible.

Guy you are still living under a rock.

Even the most technologically advanced country in the world, which is the US, knows it's virtually impossible to ban cryptocurrency.

BTW. Egold and LR are not crypto
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Konquest: 2:57pm On Feb 22
BannedUser:


If only you could understand what Blockchain tech is, you wouldn't be spewing this thrash. Even if all the world govts agree together to ban crypto, it's going to be impossible.

Guy you are still living under a rock.

Even the most technologically advanced country in the world, which is the US, knows it's virtually impossible to ban cryptocurrency.

BTW. Egold and LR are not crypto
I'm only gonna respond to your unintelligent post so that you do NOT mislead readers here.

If you had read my post properly you wouldn't have spewed the very uncouth language you used in your post. It is highly unfortunate that young people like you don't pay attention to written details online and offline but throw insults around at people who are way older than you!

Second, I'm very conversant with Blockchain technologies and as a veteran for several years now when it comes to the use of digital currencies and cryptos, I KNOW FULL WELL the difference between Egold, Liberty Reserve and cryptos.

Last but NOT least, Blockchain or not, it's now fully official from several intelligence info available to me and the documentaries I have seen, the U.S. Federal Intelligence authorities have the advanced technologies to track all crypto transactions and it's ONLY the uninitiated that would think otherwise. Several crimes that were committed years back involving cryptos and Blockchain have been solved by U.S. Federal Intel and the offenders are currently serving long-term jail sentences.
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by BannedUser: 4:24pm On Feb 22
Konquest:

I'm only gonna respond to your unintelligent post so that you do NOT mislead readers here.

If you had read my post properly you wouldn't have spewed the very uncouth language you used in your post. It is highly unfortunate that young people like you don't pay attention to written details online and offline but throw insults around at people who are way older than you!

Second, I'm very conversant with Blockchain technologies and as a veteran for several years now when it comes to the use of digital currencies and cryptos, I KNOW FULL WELL the difference between Egold, Liberty Reserve and cryptos.

Last but NOT least, Blockchain or not, it's now fully official from several intelligence info available to me and the documentaries I have seen, the U.S. Federal Intelligence authorities have the advanced technologies to track all crypto transactions and it's ONLY the uninitiated that would think otherwise. Several crimes that were committed years back involving cryptos and Blockchain have been solved by U.S. Federal Intel and the offenders are currently serving long-term jail sentences.





I see you have some idea about what I'm talking about, but let me correct you again: You cannot track some cryptocurrencies like Monero (XMR), Dash (DASH), Zcash (ZEC), etc.

Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by MrCamron(m): 9:04am On Mar 03
Yinksdavid:

Bro, very well said.

I read one of your comment where you said that you have a telegram group. Please i would like to join.

Thanks



I'm sorry for the late reply,I've been busy.

Here is the channel link:
/scalpingwithsheikh

And here is the channel chatroom link;
/+11kqS87l8oxhZWYx
Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Yinksdavid(m): 2:07am On Mar 13
Alright, No Problem Bro.

Thanks

MrCamron:



I'm sorry for the late reply,I've been busy.

Here is the channel link:
/scalpingwithsheikh

And here is the channel chatroom link;
/+11kqS87l8oxhZWYx

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