₦airaland Forum

Poiniyisworld:
A founder is most likely part of ownership of a company and when the veil of incorporation is lifted an owner can be held.


But how do you explain holding mid-level executives?

That is simply madness!

Mr. Lawyer, it's not only the owner that can be dealt! Anyone working under the corporation can be prosecuted. Go read your law well.

DeLaRue:
You're wrong.

He was charged as the CEO (employee), not as a owner of the company.

The CEO of a company is an employee just like any other worker in the company.

By the way, the crooked Binance company was also found guilty of not effecting anti-money laundery policies. Billions of dollars in drugs money went through the company. The company was fined $4 billion dollars as a result.

The same thing the Company did allowing and profiting from the laundry of billions of dollars of Nigeria's stolen money.

if they want to charge them in court, then they should do that instead of just holding them in custody and expecting a miracle to happen to the naira.

Mynd44:
Binance should have told the American government the same thing

American government didnt detain Binance executives - they had problems with Binance and sued Binance, not executives that only came to represent them.

Nigerian firms too send their executives to other nations, do they get kidnapped and jailed there? It doesn't make any sense at all. If the country has a problem with Binance, sue Binance, not hold individuals on hostage because you have a problem with the company they work for.

Elliotwaveforec:
Charlatan! What do you know about law? Can you explain the phrase 'Removing the veil of incorporation' in law?

Nankard! Counter my point...who is more liable for suit is it the CEO/founder or employee

Sophisticated nonsense

codwyha:
The presdent here is not known for obeying rules like that. We'll be having these type of incidents at least till he's gone.

Only a fool from Africa can say this

StOla:
What precedent did America set by convicting their founder?

Is the detention not on a valid court order, yet you feel the need to run down your country?

Leave emotions aside, bro.

How is Binance affecting the Naira? Right now, Binance has halted all Naira transactions, so where is the Naira today? The problem lies in the BVN and non-cashless policy for dollars.

Politicians are stealing dollars by inflating contracts, thereby draining the already scarce liquidity.

If the FG/CBN makes dollars cashless, we'll see how these politicians will struggle to wheelbarrow bags of dollars to the bank for deposit. Instead, they're busy disgracing themselves, and people who don't understand how liquidity works are applauding them.

Check P2P platforms, and you'll see that the dollar-naira exchange rate is around ₦1400. However, on platforms owned by the political class, like Eversend and Grey, they're selling dollars at ₦1550 and buying at ₦1330. Yet, our clueless president and his outdated CBN Governor can't see that these people are being exploited.

Even YouTubers and others using monetization platforms face issues, as there's no direct conversion between dollars and Naira within banking apps. People risk their lives transacting with aboki instead of using regularized and secured escrow platforms.

No be everything una dey applaud blindly.
Wake up!!!

StOla:
What precedent did America set by convicting their founder?

Is the detention not on a valid court order, yet you feel the need to run down your country?

Its obvious you do not understand anything about both cases. But its okay, you are a shit talker anyway

yoniehuin:
Some member of the house of representatives meet with binance excecutives in Nigeria, after the meeting their agents ask for bribes in cryptocurrency.

According to binance ceo blog, binance executives met with Honourable Peter Akpanke(PDP), the Honourable Philip Agbese(PDP), and the Honourable Peter Aniekwe(LP), as well the clerk of the house.

After the meeting, an agent of these law makers ask for bribes in cryptocurrency to make the case go away.

I hope that you can substantiate your very serious allegations. If you cannot I suggest you delete this for your own good. The fact that you did not name a ruling party member will not save you as you have brought the entire house and indeed the entire country into public disrepute.

If this person will not act responsibly, then the moderators must fulfil their own responsibility for the greater good.

mynd44

[quote author=yoniehuin post=129831462]Some member of the house of representatives meet with binance excecutives in Nigeria, after the meeting their agents ask for bribes in cryptocurrency.

According to binance ceo blog, binance executives met with Honourable Peter Akpanke(PDP), the Honourable Philip Agbese(PDP), and the Honourable Peter Aniekwe(LP), as well the clerk of the house.

After the meeting, an agent of these law makers ask for bribes in cryptocurrency to make the case go away.

Hope u are equip with the evidence/evidences of the said meeting. May you not hv reason to shalaye before ijoba. Jejely contain ur freedom before it spiral to detention.

Say this to US

But it's okay for USA to jail their chinese Oga at the top after detention.

Kingsmeal:
Keep supporting evil.

You invite mid level employees for a meeting, they attend and they got detained. Keep cheering this nonsénse, while you jump from country to country and plane to plane looking for investors.

You think they don't do their research before throwing their millions? Ride on boy.

government need to do una evil, like bad evil

Kingsmeal:
Keep supporting evil.

You invite mid level employees for a meeting, they attend and they got detained. Keep cheering this nonsénse, while you jump from country to country and plane to plane looking for investors.

You think they don't do their research before throwing their millions? Ride on boy.

Keep quiet.
They were asked to produce the list of the top 100 users with the largest transactions they refused.
This can't take them a day to produce.

We know you hate your country.

Sore losers

Macdeey:

What about the USA that jailed the real founder of your company inko ?

The USA is to big for you to talk about ? No be dem first jailed una founder ? Not even detained am ?
Nonsense 😡😡😡

Jailed who?

Where?

When?

StOla:
Keep running down your own country to please those who are only after profit of their business and that of their employers.

America did what is good for America, just as Nigeria is doing what is good for Nigeria.

Binance and it's goal to make profit, cannot be more important than America or Nigeria economic stability.

Immense shame on you and your traitorous lineage.

It is not by force to be patriotic, but to always seek out ways to destroy your country, then you are an enemy of the state.

Coming from a political pawn whose stock-in-trade is defending politicians who pay their children's school fees in dollars at the detriment of local currency. Dey play

yoniehuin:
Some member of the house of representatives meet with binance excecutives in Nigeria, after the meeting their agents ask for bribes in cryptocurrency.

According to binance ceo blog, binance executives met with Honourable Peter Akpanke(PDP), the Honourable Philip Agbese(PDP), and the Honourable Peter Aniekwe(LP), as well the clerk of the house.

After the meeting, an agent of these law makers ask for bribes in cryptocurrency to make the case go away.

Can you stand by your claim?

Procashtips:
Jailed who?

Where?

When?

News Wey even Nairaland posted !

Blaze14k:
https://nairametrics.com/2024/05/07/nigeria-setting-dangerous-precedent-for-global-companies-by-detaining-our-executives-binance-ceo/

Pay the fine, disclose the identities and records of your top transactions by Nigerians so that govt can recover the statutory tax liabilities or the courts will compel you, abeg leave the shalaye.
May God bless Nigeria for ever! Check my signature for free stuffs!

Kukutente23:
Coming from a political pawn whose stock-in-trade is defending politicians who pay their children's school fees in dollars at the detriment of local currency. Dey play

I don't remember defending any politician who either paid school fees in dollars or was caught with millions in his convoy while also hiding wealth in offshore accounts under his daughters name.

Maybe you looked in the mirror and thought you saw someone else.

Cryptos companies no be good company, we want better factories and not unnecessary speculative companies that threaten the economy

vengertime:
Nigeria is a criminal enterprise that think it's a country. It's a kidnapping centre of the world.

They kidnapped two innocent people

Why Bomb Gaza and Iran when US and any other super powers can bomb Nigeria to pieces in return make the world a better place

Where is your village in Nigeria?

Who is writting this jargons ? Bad precedent for arresting.an economic saboteurs? What an insolence

codwyha:
The presdent here is not known for obeying rules like that. We'll be having these type of incidents at least till he's gone.

look at what a Nigerian is saying . you taught u have said something reasonable but no. The chief executives that wanted to cripple Nigeria economy with some Nigerians should be arrested and detained . Can a Nigerian do such in their own country ? We went for an enforcement in ebonyi one day to seal a Lebanese company (quarry ) that refuse to obey environmental laws, the company has been constituting all manners of environmental laws to the society with a lot of complain from the community. When we got there ,the man refuse to come out of his office and we locked him Inside . After sometimes he instructed his staff to pay for environmental fines and the seal and chain was remove . we asked him if his country can allow such a thing to happen in his country and he said no.

StOla:
What precedent did America set by convicting their founder?

Is the detention not on a valid court order, yet you feel the need to run down your country?

At least the founder was taken to court, why detain an employee for months without any trial?

StOla:
Where is your village in Nigeria?

In your mama left yansh

Stupid country

StOla:
I don't remember defending any politician who either paid school fees in dollars or was caught with millions in his convoy while also hiding wealth in offshore accounts under his daughters name.

Maybe you looked in the mirror and thought you saw someone else.

Your ailment is called wilful amnesia and cognitive dissonance

Kukutente23:
Your ailment is called wilful amnesia and cognitive dissonance

Your ailment is called hypocrisy.

Please come to Nigeria, hold a world press conference and repeat what you just said.

We need to clap for you with a standing ovation.

StOla:
What precedent did America set by convicting their founder?

Is the detention not on a valid court order, yet you feel the need to run down your country?

The American case with Binance founder is different, if you dont know the story just keep quiet, CZ himself pleaded guilty to all allegations and accepted responsibility for his actions and sought settlement with US with a personal settlement with the US DOJ and a corporate fine the first of its kind in US history. But in the Nigerian case, there is still no convict the executives, in fact you cannot detain middle executives of a corporate entity in order to iron out disputes. It actually sent out a wrong signal to the investors community.

Macdeey:
News Wey even Nairaland posted !

4 months in prison

You actually believe he was truly convicted for fraud or whatever, yet got 4 months?

Is 4 months the punishment for money laundering and fraud in the US?

There was no case against him but not to embarrass the government, they decided to cook up something to save face.

Do you know what happened to FTX owner? He got 25yrs for cryptocurrency fraud

https://www.google.com/amp/s/www.cnbc.com/amp/2024/05/05/inside-the-final-prison-verdict-on-an-epic-crypto-ceo-rivalry.html.

4 months in prison

StOla:
Your ailment is called hypocrisy.

Easy to accuse the other of what you're guilty of

Frenemy of Nigeria