₦airaland Forum

Turnover doesn't equate revenue ,it only means the number of time funds have been traded .

InvertedHammer:
/
Have they checked BetKing and BetNaija?

How about MTN and DSTV?

Nigeria is like a dairy farm--everyone is free to milk as much as they desire.

They don't even have to provide quality services.
/

You mean they should check their turnovers?

The companies you listed are registered in Nigeria, pay taxes to Nigerian government and provide employments for many Nigerians.


They should check Dangote's turnover too.

RisenJoe:
I used to defend these Binance guys b4, but when I made a deeper research i realised that its almost like mmm ponzi scheme and Sam friedman is a real con artist who is using investors funds to fund his girlfriend private company

You are forgiven sir Many of us were attacked by criminal defamers and cyberbullies before now. They thought they were punishing PMB not knowing that they were digging their own financial graves.

Ezemarcel:
Why not tax them and us the proceeds to fix the country ... Nawoo for this government

Them go still loot the money wey dem collect as tax. No be Nigeria again?

These people don't know what they are doing & can never win such case! If the company is not registered in Nigeria, why should they pay tax?? Those trading with them are doing so at their own risk, because they trust binance. So on what ground do u expect a company that is not registered in your country to pay tax?

I do not see anything there that sounds like a crime
You can't accuse binance of tax evasion when they are not registered as a business entity in Nigeria

RisenJoe:
I used to defend these Binance guys b4, but when I made a deeper research i realised that its almost like mmm ponzi scheme and Sam friedman is a real con artist who is using investors funds to fund his girlfriend private company

You are daft!

Keep deceiving yourself

Sheuns:
These people throw figures around as if we can’t verify what they say. How can Binance have a turnover of $20bn from Nigeria alone? How?

These guys should be reasonable na.

..

..the press release of lies, deceit and propaganda are not meant for sane Nigerians..you for example..

..the lies deceit and propaganda are for dead brain supporters of APCshit

FreeStuffsNG:
You are forgiven sir Many of us were attacked by criminal defamers and cyberbullies before now. They thought they were punishing PMB not knowing that they were digging their own financial graves.

Epitome of ignorance! Do you even know the meaning of ponzi scheme?

Binance, a ponzi scheme? What a babablucious statement!

Sheuns:
These people throw figures around as if we can’t verify what they say. How can Binance have a turnover of $20bn from Nigeria alone? How?

These guys should be reasonable na.

They are throwing out false figures because they heard US lawmakers have written to president Biden to get involved in his release. How can a company that is not registered in your country pay tax?

RisenJoe:
I used to defend these Binance guys b4, but when I made a deeper research i realised that its almost like mmm ponzi scheme and Sam friedman is a real con artist who is using investors funds to fund his girlfriend private company

Oh may almighty God bless you. Comrade may your days b long.

I told those talking Binan e shit and supporting that bastard criminal that if fed govt open up Binance offense you wil a be shock but those fools where busy attacking Tinubu. Dem bon any Nigeria in any where in the world yo commit the rime belos:

* Binance is not registered in Nigeria and neither has it ever paid any taxes within the Nigerian jurisdiction, having all the while operated without oversight or any of the normal guard rails to flag criminal activity. And made over $23billion with no tax paid ad business registration can Nigerian business man try this nonsense in another country?

jmoore:
Epitome of ignorance! Do you even know the meaning of ponzi scheme?

Binance, a ponzi scheme? What a babablucious statement!

Smh. I am sure that you are too quick to insult that you forgot that you are tagging the wrong post. Those who called it ponzi are not wrong though

FreeStuffsNG:
Smh. I am sure that you are too quick to insult that you forgot that you are tagging the wrong post. Those who called it ponzi are not wrong though

I know who I mentioned. You are one of the gods of babablu that has power to 'forgive'. You acknowledged it is a ponzi by that ignorant forgiving act of yours.


Fact is not an insult. Go and check the meaning of ponzi and compare it to crypto trading on binance platform.

Even USA never said binance is ponzi.

SYSTEM222:
The 20 billion dollars is not binance profit from Nigeria. It is simply the number of trades done.

In crypto, with just 500k in your account you can make more than 200 million naira transactions in a month.

In breakdown, that's a total of 400 transactions with 500k in your account.
400 transactions is like 13 transactions daily which is very little. An average peer trader trades minimum of 50 transactions daily.


The Federal Government should focus on important things.

Leave Crypto and National Anthem alone

500k to make 200M in a month. Abeg teach me how you trade so I can try it.

chatinent:
Is it Binance that made the country this backward and increased cost of living?
Colonial masters left but colonialism continued. As Binance no gree bribe una, na where problem start.
I regret being Nigerian.
Amen

You are not making sense and you know it.
Even at what you said,so we should allow Criminals to continue their loads, just because some people love and are benefiting from their crimes Proceeds.
Get sennse!
Why were they restricted with Heavy Penalties both in USA and European Countries.
A situation where they tried to alter the CBN Rates, because they want to pay higher, thereby, ensuring that the Dollar rates remains higher?
Is that-not Criminalality?
They dare not even try it in China or Russia - na death be that!

RisenJoe:
I used to defend these Binance guys b4, but when I made a deeper research i realised that its almost like mmm ponzi scheme and Sam friedman is a real con artist who is using investors funds to fund his girlfriend private company

How is it a ponzi scheme?

chatinent:
Is it Binance that made the country this backward and increased cost of living?

Colonial masters left but colonialism continued. As Binance no gree bribe una, na where problem start.


I regret being Nigerian.

Amen

Dont mind them, they are talking like if Binance pay them tax, they would have used it for Nigerians. People that would have stollen the money to buy expensive cars.
We fund these politicians and they live so well at our expenses.

Sheuns:
500k to make 200M in a month. Abeg teach me how you trade so I can try it.

200 million transaction, not 200 million profit.

Most of that 23 billion dollars apparently came from politicians and government officials doing money laundering

Na u get am??

whose fault is that if the fg issued the licence but refused to monitor its activities?

Most of you dont have brain...
If you are that knowledgeable why are you foaming in the mouth here on nairaland.

You can pack your bag and go to Chad or Niger.

Nonentity!

chatinent:
Is it Binance that made the country this backward and increased cost of living?

Colonial masters left but colonialism continued. As Binance no gree bribe una, na where problem start.


I regret being Nigerian.

Amen

Ezemarcel:
Why not tax them and us the proceeds to fix the country ... Nawoo for this government

Read! Read!! Read!!! Honestly it is not difficult.
They are not registered in Nigeria (you can't tax an entity not registered in your country)

Whats the relationship btw Binance and Sam Friedman?

RisenJoe:
I used to defend these Binance guys b4, but when I made a deeper research i realised that its almost like mmm ponzi scheme and Sam friedman is a real con artist who is using investors funds to fund his girlfriend private company

RisenJoe:
I used to defend these Binance guys b4, but when I made a deeper research i realised that its almost like mmm ponzi scheme and Sam friedman is a real con artist who is using investors funds to fund his girlfriend private company

Are they the ones responsible for Nigerias poor economy?

Ezemarcel:
Why not tax them and us the proceeds to fix the country ... Nawoo for this government

So if they don't tax finance they can't fix the country?

Binance are scammers but the $20b turnover is misleading.

If a street hawker buys coke for N1000 and sells for 1400 every day for 365 days, his annual turnover is 500,000 but he probably has never seen N5000 cash at any point from that business.

Shikini:
What about the billions of dollars stolen by govern officials?
.

It's not enough. They need to steal more

Barzinime:
Most of you dont have brain...
If you are that knowledgeable why are you foaming in the mouth here on nairaland.

You can pack your bag and go to Chad or Niger.

Nonentity!

But if you know better than the person you responded to, why didn't you answer his question?

Sheuns:
These people throw figures around as if we can’t verify what they say. How can Binance have a turnover of $20bn from Nigeria alone? How?

These guys should be reasonable na.

They only throw those figures around because they know their citizens are dumb.