₦airaland Forum

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.

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.

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

RealityKings1:
If they are ready to work in a legal way, how come they are evading tax and into money laundry and financing terrorism?

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?

RealityKings1:
Ok thank you.
Tell them to open a physical headquarters and also function in the same United States that has stood as their alabi
The same US does not allow binance to operate in its own country and economy

Thats not true. The US has a special arrangement with binance, they made binance opens a different trading site for Americans which is www.binance.us which is separate from the www.binance.com. That is how sensible people operate instead of kidnapping a binance employee. Binance is ready to work with any country in a legal way, assuming the Nigerian government had requested the same deal the US had, Binance would have done it easily, they would have created www.binance.ng which would have redirected all Nigerian customers to use that site.

RealityKings1:
Did you read the news at all? Tax evasion, money laundering are serious offences that even the United States doesn't take lightly

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

Matthew 6:2-5 King James Version (KJV)
Verily I say unto you, They have their reward. But when thou doest alms, let not thy left hand know what thy right hand doeth: that thine alms may be in secret: and thy Father which seeth in secret himself shall reward thee openly.

If you want to apply to the US for a non immigrant visa PLEASE stop or DON'T apply for the visa lottery.
The main reason huge amount of people are denied.
The US Visa lottery is a migrant visa category, Visiting is a non immigrant visa category.
US law states that every non immigrant applicant is assured a migrant status until the interview proves
otherwise. So if you have in the past declared your interest to migrant to the US (Visa lottery) you don't
qualify for a visiting visa anymore.
The lady in question might have applied for visa lottery in the past and probably doesn't know
that that is what is holding her back.

Zyzman:
Hello house

I am looking to japa with my wife and kid, I am looking for the best country to go that is cheap and i can move directly with my family.

Can be study route and assures permanent residency after study and my spouse can work too.

If you voted Tinubu, pls stay and finish what you started!!!!
If you didn't vote Tinubu, try germany.. All you need is a blocked account 11,400+ euros, study route is simple and if you bring your spouse
she gets an open work permit.

Franking:
Thunder fire that Jesus that can't help Nigerians....

Imagine if this was a muslim thread and you say that about their prophet!
Just imagine.
Jesus loves you and to show his love came down to die for you.
The scripture gave a bold prophecy that one day "Every knee should bow and every tongue
confess that Jesus Christ is Lord. That means every knee of every one, every one who has lived and will live
on earth.

igbarasdynasty:
How do you start preparing food when no commitment has yet been made? Who does that?

Same question I had too. It means your business practise is bad.
Good business practise (Like KFC, Chicken inn etc)
If a customer comes in and needs a huge order, you take the order and collect payment..
THEN you start processing the order.

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watch the video and learn

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I have noticed that a lot of people take advantage of new traders and end up making new traders lose money instead of
making money. Trading is difficult but also easy if you know what you are doing..

Here I will teach you for free how to generate good forex signals on your own.

Step1: Open a tradingview account.
You will need to load 2 free indicators.
1st indicator: T3 Gold Sniper
2nd Indicator: MTF Ribbon heatmap
The settings can be found in my blog post.

finished indicator will look like this. Check 1st image

Step 2: Interpreting the indicator
T3 Gold sniper signal Sell signal - red line
Buy signal - green line

MTF Ribbon heatmap - Buy signal - Green histogram
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Paystack:
No be USA again?

Masters of double standards...

Shey they imprison the ceo of binance and nothing happened

They should be kicked out of Nigeria

I am happy you wrote CEO, they imprisoned the owner and not a worker. Big difference....
The funny thing is that the guy will get some serious judgement debt against the
foolish Nigerian government who played themselves by acting stupid.
In their desperate bid to extort binance they felt they could use the guy as a
bargaining chip but it failed woefully because binance knows international laws
and know that it will later backfire against Nigeria

ednut1:
So once a president wins he has no motivation to work. Kai

Explain further

In life it is important we value relationship, something he failed to do.
He should have been diplomatic about it.
When he noticed it and got the explanation from his friend, he should have pretended that there was no issue
in order not to offend his friend, but he shouldn't drink it. Pretend he got a call that upset him or something
and forgo drinking again.
If he doesn't drink will he die? Na wa o

jayce232:
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?

Thank you, whenever I read comments of Nigerians supporting FG with little or no knowledge I am dumbfounded.
I now understand why Nigeria is backwards. I don't get it.

Codes151:
When USA fined Binance of billions for laundering, did Nigeria intervene? Did they not pay?

If they have committed crimes in Nigeria, they have to pay.
You can’t be collecting cash for trades and commissions without paying tax bros.

Stop forming hard because it’s nigeria and pay.

I for do you strong thing if na me.
Beating way you for collect for reset your mind

I am happy you said they fined binance. Nigeria should have fined binance and then use the appropriate international courts
to collect their fine. Arresting an employee is wrong and unheard of.
And regarding binance not paying taxes, i laugh. Anyone who has used the binance P2P knows that the P2P service was free of charge.
Binance made the service free and didn't make money from P2P from Nigerians. Go and check.
It's unfortunate that using that allegation that they collected commissions might fall flat in a reasonable international court.

The world. doesn't revolve around Nigeria. International laws are international laws.
You cannot arrest someone in place of another. What Nigerian police specialize in doing

Obviouslyblunt:
But you jailed their CEO.

US jailed the owner and not an employee, big difference.
I have been screaming that what Nigeria is doing is against coporate and international law.
If I set up a company and the company commits a crime, the company and owner is liable and not an employee.

Where he is now, he will have a clear understanding of the parable of Lazarus and the rich man by Christ.

Villagesquare:
This one doesn't know anything. Was guys not doing Crypto since all the Years Emefiele was there. Instead of focusing on how to boost the Economy and increase our export to earn foreign exchange they are busy chasing after Crypto traders.

They will learn the bitter truth soon.

LegendHero:
Below is one of the bridge constructed by Bitter Obi.

I am waiting for OP to call him out instead of getting fixated on Umahi who have more record of visible infrastructure he embarked on.

He left office in 2014, today is close to 10 years, within those 10 years,
2 new governors have done their term and another one has been elected.
Yet you are still crying over spilled milk, how bitter can you be?
Immediately he left office in 2014, those roads become the responsibility of the new governor,
so you cannot blame Peter Obi. He is without blame because the new governor should have fix it.

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.

Did you even read the writeup?
Binance never denied wrong doing, all they wanted was to settle the issue amicably.
US has a law preventing oversea companies from offering CFDs to US citizens, Binance knowingly floated this law.
Hence why the US tried the owner (not some mid-level executive).
The law that binance floated was tax invasion, tax invasion should have been settled with a fine.
What Nigeria is doing is against international law.
Trust me, few years down the road we are going to pay compensation once the executive takes the issue to
an international court.
They will floor nigeria in court

I have been screaming on top of my voice for months now.
naira cannot survive against the dollar. Any gain made will be artifical. Naira must find it true value against the dollar
on it's own.
Ghana redominated their current years again and then pegged their cedis 1:1 with the dollar.
fast forward few years and the cedis is now 14 cedis to a dollar.
TINUBU allow the naira find it's value naturally and stop wasting the foreign reserve.!!!!!

jmoore:
Notice the clear difference.

USA went after the founder, while Nigeria is after the workers.

You cannot arrest and prosecute a bank cashier for the actions of a banking institution, you should hold the CEO liable.

The stubborn ignorance of NSA, EFCC, FIRS and other agencies involved in the arrest and prosecution of the binance staff will disgrace Nigeria.

I am laughing at their useless propaganda that the one that escaped has been arrested and will be extradited.

It is only in Nigeria that a police will arrest a relative of a suspect because they could not find the suspect. They used same stupid mindset to kidnap the binance staff.

First person I have heard to point out this obvious fact. Dump move by the Nigerian government. The government's issue should be with binance and not a staff of Binance. If the Binance staff had good laywers, they will floor the government and also get compensation
too.

Blaze14k:
You talk as if binance don't operate in other countries.

Don't mind him, binance is operating P2P in ghana and their currency is stable.
The government has no clue what they are doing..
Analyse this:
P2P means peer to peer, so all binance did was to help nigerians trade amongst themselves.
so A has $1000 USDT and B needs $1000 USDT, B gives A naira and takes his $1000 USDT.
A then buys $1000 from C and reloads his stock and sells to D who has wants USDT.
if you closely study the monetary outflow, no naira leaves the country as all naira are just circulating btw A, B, C and D.
Regarding the issue of fixing the rate, it's just shows how empty the brain of the person making the accusation.
The P2P rate works closely with the rate in the country, if the dollar rate drops, it drops almost simultaneously on the P2P
platform.
Ask traders trading there and they will explain to you that they also make losses, they might buy USDT at 1300 naira and
within an hour, the USDT rate has fallen to 1050 naira, you can't sell your USDT at 1300 naira but now have to sell at the current rate.

If Tinubu was smart enough, he could have studied the deal the US government made with binance, where they separated US customers from the main binance worldwide. US customer use binance.us, so binance worked with the SEC and regulatory authorities in the US to pull out and create a new site for US customers.
That is how smart people behave.
All tinubu needed to do was call binance for a meeting and discuss separating nigerian customers and maybe using binance.ng for nigerian.
Binance loves working with government and they would have obliged.

MrProlific95:
Useless advice

Only a fool wouldn't heed her advise. No currency in the world has been able to win against the US dollar in the long run.
During GEJ, dollar was 150 per $1...
When Ghana redenominated their cedis, they pegged 1 Cedi to $1, now 10+ years later, it's 14 cedis to $1.
Even the British pound and Euro struggle against the dollar.
So what makes the naira special?
Don't crucify the messenger, heed her advise.
Because one day you will have to buy something in dollars and then you will understand....