₦airaland Forum

mrvitalis:
Do you even understand how crypto works? Lmaooo

Rest abeg

TruthHurts1:
APC is really the worst thing to ever happen to Nigeria.

The rapid devaluation of the Naira started in 2015 when the utterly incompetent, gworo chewing Fulani Herdman from Daura began ruining the country while Tulumbu stood by and hailed him as a genius.

Binance was not even in existence in 2015, but the Agbado tout wants to hang his blunders on them and make them a scape goat.

Maybe Nigerians will finally learn their lesson after 4 years of this MU-MU ticket inspired incompetence.

you just talk anyhow. Binance existed in 2015. Clow

scriptures01:
Assuming you don't earn any income and someone comes to you and accuse you of evading tax and money laundry? Wouldn't you think that the person making the accusation is crazy?

What's your argument?
Are you saying binance and it's subsidiary apps aren't earning from every transaction and moving money out of the Nigerian economic system?

Don't argue what you are not informed about

RealityKings1:
Not only Nigeria but the whole world.
They don't have any physical headquarters yet they authorised transactions above millions.
They could run away with huge funds without trace.
Similar thing was done to wreck Fiji economy and a while back.

Yet the US have accepted them and doing business with them. Google binance US and see for yourself.
Binance US has a physical official headquarters in the US

scriptures01:
Yet the US have accepted them and doing business with them. Google binance US and see for yourself.

I am telling you for a fact that binance and all those stupid aboki fxx should be totally wiped out

RealityKings1:
I am telling you for a fact that binance and all those stupid aboki fxx should be totally wiped out

Pls remove Reality from your username, it appears you are living in your own made up world. You are far away from reality.

Agidi doesn't pay. helinues/APC think na everybody dem fit use agidi on

RealityKings1:
Binance a company with no particular physical headquarters... A legitimate company having to do with money and it's similar factors ought to have a physical headquarters if it were legitimate.

Prior to the arrest of binance officials, they were pushing the narrative that binance was owned by a Chinese guy.

Make APC use tax finish them? 😂

TruthHurts1:
APC is really the worst thing to ever happen to Nigeria.

The rapid devaluation of the Naira started in 2015 when the utterly incompetent, gworo chewing Fulani Herdman from Daura began ruining the country while Tulumbu stood by and hailed him as a genius.

Binance was not even in existence in 2015, but the Agbado tout wants to hang his blunders on them and make them a scape goat.

Maybe Nigerians will finally learn their lesson after 4 years of this MU-MU ticket inspired incompetence.

Off point. We are talking about a foreign entity operating in Nigeria without due registration and payment of required taxes and you are talking off point. You can't sell ordinary bread in advanced economies without due registration and payment of taxes.

Aether:
I saw one clown mention MTN 2.0 up there.

It's just unfortunate that the government loves wasting the time and resources of the country.

I'm wondering how they want to collect the so-called damages from a company that has no presence in the country.

If there were actually smart, they'd have cajoled them to officially set up their presence in the country and they try to get this illegitimate damages.

Fortunately, they are not as smart as they believe. They forced binance to technically withdraw their services from Nigerians.

A fool will always blame everyone else for his inadequacies, so I'm not surprised.

So you are smarter than all the lawyers in attorney general's office. You don't know that if the government wins the case they can use the judgement to pursue binance assets all over the world.

RealityKings1:
Binance a company with no particular physical headquarters... A legitimate company having to do with money and it's similar factors ought to have a physical headquarters if it were legitimate.

Prior to the arrest of binance officials, they were pushing the narrative that binance was owned by a Chinese guy.

it's ceo is a Chinese guy

Lol......you must be a simpleton to assume that the lawyers/attorneys in the Ministry of Justice are so smart they can not make errord of judgement in filing a case.....have you read about Nigeria vs Eni/Shell where Nigeria lost $936m due to poor analysis pedestrian presentation of a corruption case by the Nigerian government?

This is at best, a push back on the Binance guy who has been spewing their secrets lately ti the point of embarrasment.

Let us see where they will file the case(Nigeria or US?), that's when you will know that all these na initial gragra. Anyone who is serious about filing such a case with an enormous figure would have gone ahead to do it now instead of coming to the press to forewarn your enemy.

I am sure the Binance dude will be laughing off his head now. He knows the Nigerian govt does not have the gut to take them to court unless they want all their dirty linens in the mud

Vision101:
So you are smarter than all the lawyers in attorney general's office. You don't know that if the government wins the case they can use the judgement to pursue binance assets all over the world.

scriptures01:
Did you also read the news? How can you pay tax on a service that was offered for free. Yes! Binance P2P was free. You could buy or sell your crypto there and there was no transaction fee on the P2P. The money laundering charges is even more silly. P2P means Peer to Peer, meaning that Obi has 1 million naira and advertises that he wants to buy bitcoin at 600 naira per dollar, Kayode has $100 bitcoin and sells to Obi, Obi takes the $100 bitcoin and set his sell price at 650 naira per dollar, Hassan then contacts Obi and buys the bitcoin at 650 naira. Thats how Peer to Peer works. So the question is how is money laundered here? Remember that everyone mentioned here has a naira account, else they can't buy or receive money. So in reality the money stays in Nigeria and just circulates between Obi's bank, Kayode's bank, Hassan's bank. Their case is laughable

[b]Even a layman can clearly see how this is a perfect arrangement for easy money laundering.
Also, binance could make P2P a free transaction platform but that's business transaction without tax payment while our money exchanges hands. You might have used example of ordinary money exchanges but I can be seen here that purchases worth millions and billions of naira could be happening here without tax payments (otherwise known as economy sabotage). Whoever provides such your P2P platform operating in an economy is killing that economy. America was right to ban binance operations in their economy and you still think FG is wrong to accuse them of economy sabotage? And you also said and I quote;
"How can you pay tax on a service that was offered for free"? Do you honestly believe binance is not making money from transactions happening on its platform?
To be honest I don't know much about binance operations but looking at what you said above, any average lawyer will take you to the cleanser[/b]

Incompetent Tinubu and APC government that are failures blaming binance for economic losses and devaluation of the naira...it's a pity

FitCorper:
I trust this leadership, they truly understand all that’s going on in the financial world. This Jagaban fit make Naija become world power before he 8yrs elapse. Rugged papa. But as usual expect the financial illiterates to become grumpy.

With your intense suffering and no convincing policy direction after close to two years of his fumbling government you are still saying all these?


PLEASE BE SINCERE WITH GOD, IF THIS MAN IS FROM SOUTH SOUTH OR SOUTH EAST, WOULD YOU HAVE TAKEN THIS POSITION NOW?

Tribalism will take you nowhere?


🤑🤑🤑🤑

MasterJayJay:
These fools are wasting our money on legal fees on a case that will produce zero naira.

Fool stop!

What a crap? I want to deactivate my nairaland account.

RealityKings1:
Binance a company with no particular physical headquarters... A legitimate company having to do with money and it's similar factors ought to have a physical headquarters if it were legitimate.

Prior to the arrest of binance officials, they were pushing the narrative that binance was owned by a Chinese guy.

Its owned by Chiapeng Zhao , and he's cooling of in US prisons after paying heavy fines and stepping down as CEO
If Americans could do that, we can also do all the above.
Binance really did naira a disservice
How can you be trading naira on a crypt exchange without approval
I know cos I also did the trade several times not knowing the kind of economic sabotage it was

It's a simple analogy. If we are all taxed by Binance for using its markets or crypto, they should also pay taxes to our various countries. It's a huge crime to evade taxes in a country you currently operate in.

We keep embarrassing ourselves!

How can you tax something you banned!

We could purchase crypto with our cards before the governor without a state banned it and you had to hide crypto related words in transfer reference else you account will be blocked.

We resorted to P2P since crypto was officially barred and now the FIRS want to charge backlog of taxes and penalties.

Clowns!! They want to divert the attention from the bribe request. Thieves

Difrent:
Its owned by Chiapeng Zhao , and he's cooling of in US prisons after paying heavy fines and stepping down as CEO
If Americans could do that, we can also do all the above.
Binance really did naira a disservice
How can you be trading naira on a crypt exchange without approval
I know cos I also did the trade several times not knowing the kind of economic sabotage it was

Cooling off in which prison??
Someone that has been released since last year? You people are dumb & know nothing.

AerialMapper:
We keep embarrassing ourselves!

How can you tax something you banned!

We could purchase crypto with our cards before the governor without a state banned it and you had to hide crypto related words in transfer reference else you account will be blocked.

We resorted to P2P since crypto was officially barred and now the FIRS want to charge backlog of taxes and penalties.

Clowns!! They want to divert the attention from the bribe request. Thieves

I was surprised no one made the bold statement. The suit is just to prevent the binance guy from exposing them further. The guy was beginning to reveal too much & I knew they were going to come up with something like this to shut him up. Shameless government.

For binance to pay na another story........they will find a way to settle Naija, if they wan run biz here

jayce232:
Cooling off in which prison??
Someone that has been released since last year? You people are dumb & know nothing.

Okay he has been released, mean he was cooling off for sometime
That didn't mean he didn't do prison time

And Mr know it all, you didn't dispute my assertions so it's you who dont know nothing.

I know people that benefitted from the sabotage will be furious but we can't allow a few greedy mofos damage our economy, if you belong to that group , to hell with you

EnterpriseMan:
Rule 101 on how to avoid accountability, Blame someone else for your failures. You cannot take Binance to court or even have any assets to freeze to enforce it. APC and all supporters of APC are brain dead road kill dogs.
No hope for them. Next election they will still use dry bread and N500 mtn recharge to sell their destiny to Tinubu again. Nothing new

Did he truly score the highest votes in the last one?
Did the votes count?

Difrent:
Its owned by Chiapeng Zhao , and he's cooling of in US prisons after paying heavy fines and stepping down as CEO
If Americans could do that, we can also do all the above.
Binance really did naira a disservice
How can you be trading naira on a crypt exchange without approval
I know cos I also did the trade several times not knowing the kind of economic sabotage it was

So Binance is the cause of Nigeria's current economic woes? So Binance cause the current lose of value of your naira?

RealityKings1:
Not only Nigeria but the whole world.
They don't have any physical headquarters yet they authorised transactions above millions.
They could run away with huge funds without trace.
Similar thing was done to wreck Fiji economy and a while back.

I'm not blaming Binance though....and won't blame the cex

USDT is now 1480

Honestey:
[b]Even a layman can clearly see how this is a perfect arrangement for easy money laundering.
Also, binance could make P2P a free transaction platform but that's business transaction without tax payment while our money exchanges hands. You might have used example of ordinary money exchanges but I can be seen here that purchases worth millions and billions of naira could be happening here without tax payments (otherwise known as economy sabotage). Whoever provides such your P2P platform operating in an economy is killing that economy. America was right to ban binance operations in their economy and you still think FG is wrong to accuse them of economy sabotage? And you also said and I quote;
"How can you pay tax on a service that was offered for free"? Do you honestly believe binance is not making money from transactions happening on its platform?
To be honest I don't know much about binance operations but looking at what you said above, any average lawyer will take you to the cleanser[/b]

Not sure you checked your facts before commenting. America never ban binance, infact binance has a large customer base in the US and is doing well over there. A simple google search would have saved you from typing in ignorance. Google Binance USA, the search result is www.binance.us, that is the trading platform for Americans. Binance got a license to operate in the US. If you claim that P2P is killing the economy then olx.com and other Peer to Peer trading platforms should be closed too. How can you pay tax on a service that was offered for free"?[/i] Do you honestly believe binance is not making money from transactions happening on its platform? I used their P2P, they offerred the P2P service for free.No charges, nothing. What is there to tax? Is Nigeria smarter than Ghana, and over 100+ countries allowing binance to operate their P2P? The fun part of every court case is the burden of proof, Nigeria has the burden of prrof to show that Binance made billions from the P2P service which my brother they can't proof. It is just a wasted effort and will only end in disgrace in court.

Elusive001:
Did he truly score the highest votes in the last one?
Did the votes count?

Ofc he didn't. Everyone knows he had the least votes but some people still voted for him