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FOREX Crisis: FG Slams $10 Billion Fine On Binance - Business (2) - Nairaland

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Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by esemes256: 12:40pm On Mar 01
Is that the amount of damage that has been done to the economy by binance?
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Hopez456(m): 12:40pm On Mar 01
Will all these save the drowning naira?

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Obviouslyblunt: 12:41pm On Mar 01
L
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by RepoMan007: 12:42pm On Mar 01
Ola9ja23:


Double face

The platform enable saboteurs to cause havoc on our economy
can you prove the saboteurs were sponsored or commissioned by the binance team?
We all know FG is surviving on printed cash and needs Osusu from anywhere. They tried borrowing from dead Nigerians but it failed, they tried nonsense with MTN and I collapsed. They have seen a rich nation-less entity they can squeeze so let them squeeze them in peace.

4 Likes 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Mrzed: 12:43pm On Mar 01

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by chronique(m): 12:43pm On Mar 01
Good one
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Bluearrow: 12:43pm On Mar 01
So the $10 billion they were hoping to raise, they want only binance to pay it?

7 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Lomprico2: 12:43pm On Mar 01
Tif na tif, any day any time.

Tinubu wan rob binance.

Emiefele is not that cause of the crash in economy anymore, dem don see 10 billi grin

4 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Basicend: 12:44pm On Mar 01
Correct.
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Badgers14: 12:44pm On Mar 01
How's does FG intend to collect this fine from binance?

11 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by delvzy(m): 12:44pm On Mar 01
All these nah okoto. If they’re truly patriotic about the naira and the economy, they’ll do the needful on putting a stop to the real arbitrageurs.
You can ban Binance and what not for the time being but that won’t solve anything.
Aboki Fx came and nothing change, this one too will pass.

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Kobicove(m): 12:45pm On Mar 01
Federal Government wants to Kill Binance patapata grin
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by tefund(m): 12:46pm On Mar 01
They Don't have name?
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Ola9ja23: 12:47pm On Mar 01
Sacchi1162:
Temporary measures

Time to go and buy more dollars and USDT grin grin
Enemy of progress

God shall put all of you in permanent shame

No rest of mind for enemies of Nigeria

4 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by pipnator00(m): 12:47pm On Mar 01
10billion.. now this is clowning..

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by olax02(m): 12:48pm On Mar 01
There are thousands of ways to make money on Binance. Suspending naira-to-dollar trading will not provide the last solution. I understand what am saying.

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by mexxy1(m): 12:48pm On Mar 01
Copy cats. Because they heard the US fined binance, they've also copied.

Who are those benefitting from the rise in the USD against the Naira if not the politicians?

How many of them (politicians) have visible investments to show for the opulence and wealth they exhibit?

Do the poor masses scramble for Dollars? Who needs the Dollars to travel and gallivant around the world if not the politicians?

They just want to deceive their gullible supporters that they're working.

8 Likes 2 Shares

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Showguyz: 12:48pm On Mar 01
If them pay that $10billion abeg FG instead of una to loot am just carry am pay IMF for our debt make we know say na only $7 billion remain, I take God beg una

4 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Strafudeen: 12:48pm On Mar 01
Good
Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by hosemujica: 12:49pm On Mar 01
See as the clueless masses are happy that our leaders are chasing shadows instead of tackling the real source of our problems.

14 Likes 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by melodyogonna(m): 12:49pm On Mar 01
If the company is not registered then how is the fine binding?
Can they sue Binance if it doesn't pay or is this for show?

8 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Lexusgs430: 12:49pm On Mar 01
CBN & FG are getting very desperate...... 😁😜

Same way buhari banned twitter (Lie Mohammed), we are still awaiting that proposed twitter HQ in Nigeria......

FG kidnapped Binance officials, then placed a ransom on their heads...... 😊

Same FG is seeking FDI.... Clueless bunch of incompetent morons....

12 Likes 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by ITbomb(m): 12:50pm On Mar 01
So when they pay the fine, will they be allowed to continue the P2P?
Who will enforce the fine?
Shouldn't it be a court ruling?

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Sharon805010: 12:50pm On Mar 01
Davidic1999:
Una wan destroy binance with una wahala

First, it was $125millon fine on cz now its Nigeria 😂

Even if the government ban p2p, telegram and whatsapp is there

Yeye people
dey play is your name, if they rip you no come here dey cry o

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Oghene86: 12:50pm On Mar 01
Mrzed:
https://www.google.com/amp/s/nairametrics.com/2024/03/01/forex-crisis-fg-slams-10-billion-fine-on-binance/%3famp=1

One cent you would not get 😂 after destroying the economy they are looking for the easy way out, you will hear from their lawyers

3 Likes 1 Share

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by unclejb2(m): 12:50pm On Mar 01
RepoMan007:
Kidnapped their representatives and slammed a technical ransom of $10Bn on their assés.
This is Intl corporate banditry, though it favours me. At least he won't tax the he'll out of me.
couldn't be said any better....

Binance must pay the ransom

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by Jagabanbattle: 12:51pm On Mar 01
Davidic1999:
Una wan destroy binance with una wahala

First, it was $125millon fine on cz now its Nigeria 😂

Even if the government ban p2p, telegram and whatsapp is there

Yeye people

Until they scam you on telegram and WhatsApp, nah then u goh understand better.

1 Like

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by IbeOkehie: 12:51pm On Mar 01
The market is what it is. Nobody can force a price on anything indefinitely.

Nigeria has just sent a message to the world that our government is arbitrary, wicked, untrustworthy and abusive.

Investors big and small have been avoiding Nigeria for a while now. I've personally realized a long time ago that nothing owned in Nigeria is safe from government and this is further proof. Who exactly will risk importing major capital into Nigeria now?

The naira is losing value because the government of Nigeria has increased money supply by massive amounts since 2015. The recent CBN audit has proved it, various government officials have admitted it. Binance or Abokifx have nothing to do with it, they report and facilitate currency trades.


melodyogonna:
If the company is not registered then how is the fine binding?
Can they sue Binance if it doesn't pay or is this for show?

Two Binance officers are under arrest in Nigeria. I guess they're the surety for the fine. This is kidnapping for ransom as a national business.

The whole thing is disgusting 🫣

Good Luck to Nigeria.

14 Likes 6 Shares

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by 9jatriot(m): 12:51pm On Mar 01
Baba really talk say he de expect $10, some people think say na loan he de talk about...

Many agencies will sit up now and know they are dealing with a no-nonsense man when non de blab.

4 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by HeroicMeastro: 12:51pm On Mar 01
fuckJones:
some people now appear to have more sympathy for Binance than for Nigeria and the Naira
I tell you... very useless and hopeless people.

3 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by naijawatchman: 12:52pm On Mar 01
Lol. They want to grow our foreign reserve with the fine?
That's an unreasonable amount.

2 Likes

Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by nairalanda1(m): 12:52pm On Mar 01
Just a moneygrab, and also, does not address the real issue...that we are not earning enough dollars.

5 Likes

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