Is there a law against that? If there friends give them their cards? Any lawyers

Ok

na them!

naijapips02:
New yahoo format.

Trust biafrans to always discover new schemes. Lazy mofos.

It Is not Yahoo. Read the post again.


They are going for normal business with debit cards


CBN allows only $300 withdrawal Per Day. You need more cards to get enough funds.

Better than using people for rituals...crime is crime though.

Na big waoh

There is more to this story.

it is a money laundering technique.

omonnakoda:
Is there a law against that? If there friends give them their cards? Any lawyers

Until the Nigerian government lifts the restrictions on deposits into domiciliary accounts, the sort of criminal activities would continue. Not that I support this crime. I still think CBN has not done enough to educate traders. Traders will continue to seek illegitimate means to import their products.

But how is this illegal? You stopped them from buy of dollars through your bank. Now they have another means of transacting abroad you still call it illegal

slap1:
Better than using people for rituals...crime is crime though.

There Is no crime in it. The cards are legit cards issued by banks

teeowl:
it is a money laundering technique.

It may well be but that is not the point carrying a knife in your car is robbery technique that does not make every person with a knife in their car a robber does it?

As much as some will say they r going for business. It is still money laundering.

They will be freed though.

Good luck to them.

Awon omo Igbo. Mind you she na only Igbo deh do business for Nigeria.only mofos will say yes.

mployer:

When CBN Will not allow You Transfer money through normal process.

What do You expect?

My point exactly.

The other day, I could not transfer money to SA for my daughters school health insurance cos " insurance" was not listed in form B. I had to look for someone in SA, pay into his local account so he helps me make the payment locally.

Not to mention the daily limitations on international online card transactions.

Really messed up. Ex cbn boss talked about this last week. They are simply frustrating genuine business men with this approach.

seangy4konji:
As much as some will say they r going for business. It is still money laundering.

They will be freed though.

Good luck to them.

How is money laundering defined in Nigerian law ? Can you help with facts please

Seen next pls

bmxshop:
There is more to this story.

There Is nothing more to It. They are going for legal business.


CBN allows only $300 withdrawal per Card per Day. If You have five cards from différent Banks, You Can cash $1500 per Day, $3000 in two days.

mployer:


There Is no crime in it. The cards are legit cards issued by banks

Well we need to ask questions whether their is any statute prohibiting this in Nigeria. There may well be personally I do not know but I suspect there may be .Any lawyers here

teeowl:
it is a money laundering technique.

its not, the court will not find them guilty of anything, people be wise,if the cards can be proven not to be stolen then they have no case to answer
if you think out of the Box you will realize they are trying to beat the system o n the daily withdrawal rate of the CBN a law which i think is extremely sill.

U go go google search ooo. Abi ur phone no get browser

omonnakoda:
How is money laundering defined in Nigerian law ? Can you help with facts please

Some can't even comprehend what they read. Those men were just trying to withdraw their money abroad illegally though (since govt has restricted money transfer). Its not like they were trying to steal.

my frnd: na dem ba?
me: scrolls down to check their names.. argh...na dem o.

The change has started already ,where there is no law there is no sin..Now that people know we have a law enforcer as a leader they will go to any length to sabotage the system..No matter how hard they try the law will catch them. It is high time everybody sit up and cooperate with the Govt to build a great nation where everything works well.

ifyalways:

My point exactly.

The other day, I could not transfer money to SA for my daughters school health insurance cos " insurance" was not listed in form B. I had to look for someone in SA, pay into his local account so he helps me make the payment locally.

Not to mention the daily limitations on international online card transactions.

Really messed up. Ex cbn boss talked about this last week. They are simply frustrating genuine business men with this approach.

ignorant people will not see it this way, all they see is tribes and cards.

mployer:


There Is nothing more to It. They are going for legal business.


CBN allows only $300 withdrawal per Card per Day. If You have five cards from différent Banks, You Can cash $1500 per Day, $3000 in two days.

At what point does it become a problem 64,640, 6400cards ,64000?

And if you have 50 cards intending to use 27 days with cloned information of 100 innocent Nigerians?how much is the cash out

mployer:


There Is nothing more to It. They are going for legal business.


CBN allows only $300 withdrawal per Card per Day. If You have five cards from différent Banks, You Can cash $1500 per Day, $3000 in two days.

Charly68:
The change has started already ,where there is no law there is no sin..Now that people know we have a law enforcer as a leader they will go to any length to sabotage the system..No matter how hard they try the law will catch them. It is high time everybody sit up and cooperate with the Govt to build a great nation where everything works well.

Are you high on something? tell me where these people broke the law, I challenge to it, if you like read the press release 200x,point me to where they broke the law.Is it an offence to be a possession of certain ammount of ATM cards?

I was beginning to wonder its been long we saw their names. Are they on break? Then they proved me wrong yet again.

seangy4konji:
U go go google search ooo. Abi ur phone no get browser

Guy ask ya fada weda im fone get browser na!!

Demmocrats:
What if at the end there story checks out.

What if at the end the traders gave then those ATM to help then buy stuffs in China.


Have any of you guys done wire transfer from one bank to another and know the percentage you pay those banks.

Those traders might want to bypass that but it would have been better if they all transferred there money in one account with one ATM assigned to the account.

There is a limit to daily withdrawals from one account. CBN has made transactions very difficult for traders. These guys may actually not be fraudsters, in all honesty.