₦airaland Forum

They want to introduce slavery instead of paying doctors their dues.

This APC government just shot themselves in the foot with this ban.

They have gifted the audience of young Nigerians who use twitter directly to the opposition.

Namnam:
Well this is good news
This means local farmers and fertilizer companies have incentives to produce more while the government now can cut costs allowing more funding to industry

See what you don't understand is Nigeria can't produce wheat to meet up with the production.

It is literally impossible because only few areas in Nigeria have favourable climate for producing wheat.

If we could grow our own wheat we wouldn't need to import in the first place, have you heard of Nigeria importing yams before?

Think!

Everyone should be alarmed, the consequences this will have for food manufacturers and distributors is massive.

Buhari is a monster who bans without thinking about the long term effects and he needs to be stopped.

skj1377:
Stop saying what you Dont know.

Time to break down this wall of nonsense you wrote piece by piece.

Though a lot of work is ongoing to regulate cryptocurrencies the fundamental problem is it's use as a conduit pipe for fraud

1) hackers collect ransom via crypto currency though they can be traced these days. Previously they could not.

Kidnappers collect ransome using cash, we should ban cash, they also use roads, we should ban roads and force everyone to walk to keep ourselves safe from kidnappers.

2) over $400million dollars inflow came from United states to Nigeria via cryptocurrencies last year. The united states government petitioned the CBN over the lack of evident trades in goods or services to warrant such a huge amount of inflow to Nigeria. This singular reason prompted the CBN to ban banks from direct involvement with crypto to avoid blacklisting Nigetian banking institutions and probably sanctions.

This is a complete lie, I don't know what gutter you got these numbers from.

First the US government never petitioned Nigeria over cryptocurrency, this is a completely made up lie.

Second, the 400 million dollar figure is the amount of cryptocurrencies traded from Nigerian wallets on global exchanges and does not translate to cryptocurrency profits from the US turning into liquid cash in hand.

https://techpoint.africa/2021/01/06/nigerians-traded-more-than-400m-worth-crypto-2020/

Even at that if just 1% of Nigerians have cryptocurrency wallets that's a trade value of 200 dollars per person in hypothetical money.

And third, this 400 million dollar lie is not why the government banned cryptocurrency, the figure is never referenced in any of the documents from the CBN.

You are just reading and repeating nonsense.

3) the united states, China, United kingdom. And EU equality have regulations protecting their financial institutions from participating in crypto related assets.

The EU, US AND UK did not ban cryptocurrency, having laws to regulate the trade is just common sense.

China banned cryptocurrency because they operate a communist economic system which forces the state to control every aspect of the country's economy.

4) Nigeria is a small economy and the CBN needs to protect hardworking Nigerian against the possibility of Negative consequences from sanctions form the USA. Imagine if Nigeria is treated like Iran or North Korea officially due to fraud related blacklisting.

What the hell are you talking about?

Nigeria isn't safe from sanctions, most of Nigeria's gdp comes from oil which is subject to sanctions. If the US wants it can also force trading allies to stop accepting Nigerian goods.

Iran is also oil dependent and still gets sanctioned.

The Iran and North Korea present a military threat to the United States, hence the sanctions. You're just talking utter bullcrap.

5) a lot of publicity is made by the EFCC to show to the united states that Nigeria is actively fighting cyber crime just to prevent a possible blacklisting of all financial institutions in Nigeria.

Yet other countries are fighting fraud without these draconian measures.

6) previously funds were difficult to trace once converted to crypto and there was a fear that it could serve as terrorist financing. Terrorists actually need funds to run their operations and with the global cooperation against terrorist financing the world is now safer. Imagine if crypto was available during osama bin laden's time more bombings would have happened in the USA and other parts of the world.

You just contradicted yourself.

Without cryptocurrency existing terrorism still got funded and wasn't traced so why are you blaming cryptocurrency on terrorism funding now?

When Boko Haram members are killed it's cash that is found in their possession.

7) finally the age bracket specified most likely has been after a scientific study of arrested cyber criminals probably in the last 10yrs. Most likely a memo would have originated from the CBN holding banks responsible with very stiff penalties and this most likely will be quietly implemented by All banks in Nigeria.Banks have already been mandated to know their customers.
if banks Dont hold fraudulent monies for fraudsters and crypto currencies are equally banned it simply translates to frauster activities reducing drastically in Nigeria.

Why didn’t banks block Mudashiru Obasa's 64 bank accounts with fraudulent cash transfers until the EFCC forced their hand?

Why are many politicians who gain millions allowed to keep their loot but they are going after the youth?

Do you think the financiers of terrorism in Nigeria are under 30? When will the banks step in for that?

9) very successful frausters are actually well settled in turkey and Dubai as we speak. less successful frausters can move to Ghana or ivory coast Cameron etc.

Yes and they are aided by corrupt cops like Abba Kyari, who the Buhari government is refusing to prosecute.

Nigerialabalaba:
Stop deceiving urself. Dat u be graduate no cure u of the spirit of laziness. If u no wan suffer in old age, go use ur time do beta work. Crypto no be work o. Ole!Laziness na hin dey worry una. U are all lazy yet want quick money. Una go suffer las las in ur old age. Shiorr

Illiteracy is truly a disease, this sad individual can't even read the second paragraph of my last post. I give up on you worthless souls.

princemartinsG:
Dont mind most of Nigerian youths

Many people who has no employable skills and sellable handworks are not hiding behind thr crypto craze to claim online business people.

99 percent of these young people claiming
to be into crypto are thieves and fraudsters who sees opportunity to defraud unsuspecting and naive members of the public who want to fall in line into the crypto frenzy

Moreso for a young person or any person whosoever to have high volume of money in his account such person must be able to give reasonable explanation of what he does to acquire such

But unfortunately Nigeria is a nation where the best way to become someone's enemy is to ask them to prove the source of their money

When will you go after Malami for trading cryptocurrency?

It's so sad that there are still brainless sheep who support these criminal acts.

Nigerialabalaba:
u see ur life? School u no go, work u no learn, how u wan con survive in old age wen crypto go don become obsolete? Go school or go learn work. Any person wey dey solve people problem go dey rich, u no dey solve any problem and na ur laziness go wreck you las las.

Yes it's very clear I'm communicating with an illiterate.

Most of the people trading cryptocurrencies in Nigeria are graduates who use it to save their hard earned money from losing value when kept as worthless naira.

Cryptocurrencies make quick and publicly available payment transactions that anyone can use around the world, this is what the government tried to copy with the introduction to the silly eNaira.

Very few people are making millions overnight from cryptocurrency in Nigeria.

Nigerian cryptocurrency platforms are helping fund payment solutions but the greedy government and their brainless followers will try any means to steal and destroy the youth.

FlipModeSquade:
What exactly is fraudulent about crypt0?

Would you care to explain why it is perfectly LEGAL in most DEVELOPED COUNTRIES?

AND NOT IN THIS SH1TH0LE?

Buhairdeens are brainless illiterates, that's why it's so easy to fool and deceive them.

Nigerialabalaba:
see ole lazy youth wey sabi. Shiorr. If na crypto Dangote dey do for ur age, e no go dey wia hin dey today. Na laziness and greed go kee una as una no dey hia word. Una go later look for help and ur mate wey dey work now go dey mock you. Lazy yoot, go find beta work do. Crypto no be work

See mumu.

Dangote who came from a rich family and his uncle gave him millions to start his company.

Even at that the same Dangote has had multiple businesses fold up because he can't stand decent competition.

That's why Dangote must always get the government to enforce policies which favour his business.

The APC government will never stop it's war against the youth.

appishani1:
Some people come to this life, live their lives as slaves and die without having a Test of freedom. As in their whole life oohhhh

That's how many Nigerians are living

"After they finish with these rural killings, they will go from house to house killing prominent persons".

Biscuit bandits

Rainy season has ended and attacks are continuing. So much for all the audio defeats Buhari's dogs have been talking about.

INDUSTRIALFAN:
No be everything be bribe. Its just to have sth in their stomachs and refresh themselves while they await their turn I’m sure.

Always someone to justify nonsense. Those people should be arrested but security agencies in Nigeria are useless bastards.

Dumb Nigerians selling their souls for crumbs.

They will forever remain dumb and stupid.

EFCC will catch up with them soon

baralatie:
So Abuja is now surrounded by boko Haram and is waiting to strike?

They have been hiding in the forests of Niger since last year, waiting.

They even posted videos in military and police uniforms as if they were mocking us.

We were trying to warn everyone but foolish people with a political agenda called it fake news.

I said it before that it's only a matter of time before terrorists start attacking Abuja fully. All those kidnappings and killing in Niger and around Abuja earlier this year were just a taste.

Ppogbae:
The poor uniforms and the Nike hat kind of make hard to believe that it was the Army

christistruth01:
We already know

The very shabby way they wore the Army Uniform and the poor and Chaotic handling of their guns and shooting in the Video already made it too abundantly clear that they were definitely not Soldiers

Nigerian army that dress anyhow and combine all sorts of clothes even at the warfront of the North East?

When will you stop with these idiotic lies?

Do you think everyone on this forum is daft?

The military will always deny even when there is clear evidence.

When will they stop this useless and childish behaviour?

Only a fool who can't read would take the headline at face value.

Jeff Bezos is hailing the Sahara green wall, which is a Pan-African project initiated to stop the encroachment of the desert further south.

He only acknowledged Buhari's presence and is not giving him sole credit for doing anything.

Being a bad guy is powerful, power is masculine, women are attracted to masculinity.

That's why a guy who is "good" is seen as weak and women hate weakness regardless of what foolish modern day notions of equality might tell you.

adamsmith914:
What is funny? 2 Nigerian soldiers lost their lives so you can type rubbish on social media yet you are happy? They were killed by people if given the opportunity will kill you without thinking. What kind of evil people do we have in Nigeria?

Nigerian soldiers also kill Nigerians without thinking.

His reaction is the result of the situation we find ourselves in.

murphyibiam15:
In as much as the guy is corrupt, he's still invaluable in fighting crime. I wish he has learnt to be clean and be stainless from now henceforth

You are a one of the problems of Nigeria walai

jimyjames:
Africans didn't walk around naked cause of hot weather they did cause they lacked the knowledge to make clothes, they started covering their private part with animals skins, then acquired the knowledge to make clothes but it was pretty expensive only for the rich, before white people came to Africa, rich Africans were already covering themselves with robe's , Muslims were already dressing covering themselves from head to toe before the whites arrived

But you're contradicting yourself right now.

You say they don't know but rich Africans covered themselves.

It's not like fabrics were impossible to find, they just didn't care until Europeans imposed their dressing standards.

How would they know how to make masquerades but don't know how to make clothes?

jimyjames:
It's because we lacked the knowledge and skills to make clothes for ourselves that's why we were naked not that it's in our culture, even the whites once walked naked like Africans did before developing the knowledge and skills to make clothes

That is a lie, people knew how to make clothes but didn't cover like they did today because it was hot and there was no stigma against showing skin.

After Africa was colonised Europeans brought their dressing standards, that's when Nigerians started dressing like "gentleman".

traihit:
Cite your source if you're so certain that Europeans were the gods who taught Africa shame.

Look at your Fulani women before European influences

https://www.hippostcard.com/listing/french-west-africa-beautiful-nude-fula-fulani-women-1950s-rppc-postcard/16829802

Kingpin1000:
If the universities are run properly 1 million naira school fees is not too big. Do you lots think education is cheap. Do you know how much it costs to buy equipments for laboratories and workshops. Even in the US most people cannot afford to go to the University, some are in the university through scholarships.
ASUU should just stop all these half truth.

For your information, I am not speaking for the government and I am not an Idealist am a realist.

No one million naira is too much.

Not that it's one million naira yearly so they will have to pay back five million naira plus interest.

How do you expect any graduate working in Nigeria to repay that money within any reasonable time frame?

Nnamebuka:
It's actually a good initiative cos it'll give opportunity to academic savvy students from poor homes that could not go to higher institutions or could not continue due to financial constraints.

That's how it's done abroad.

Only problem is that with Nigeria and her institutional and administrative modus operandi it won't be sustainable.
Again how soon can one get job after graduation here. We already have majority of out-of-school youth population without job.

I feel for Nigerian youth. Unfortunately they don't care as long as the ineffective gov't official is from their tribe.

Many may never experience life until they die. They'll just exist and be gone. Sincerely, I feel for una

Many people abroad are in lifetime debt because they can't pay the outrageous loans.

Even worse is the loans led to an increase in tuition fees across the board.

Please o it's not everything we see that we should copy.

Reflect7:
No. YOU are stupid. One thing you dullards need to understand for once in your self hating lives is that Corruption is an INTERNATIONAL NETWORK. The banks in the UK are a part of that NETWORK. Their active participation in harbouring stolen funds makes them ACCESSORIES in crime.

Now, ALL this writer is saying is that since the Economist is a British based publication, WHY have they not gone after THEIR BANKS acting as the store for our looted monies, IF they cared about corruption in Nigeria?

How does their tarnishing Nigeria's image without addressing THEIR role in its problems help Nigeria or help you?

Do you know how money laundering works?

https://www.economist.com/middle-east-and-africa/2019/10/10/african-kleptocrats-are-finding-it-tougher-to-stash-cash-in-the-west

This writer is making an intelligent observation which you THICK AND DUMB crowd, stuck in your ''what did the Economist say that is not true'' lane - too naive and stupid to see when you're being manipulated by your enemy to hate and blame yourselves more, while they bank your cash.

A RIGHT THINKING NIGERIAN will say to the Economist. ''Sorry. You can go to hell, Economist, UNTIL you accost YOUR banks and pressure them to stop THEIR role as harbourers of our money.''

What stops you from doing that is your slave mentality and racial inferiority complex that makes them irreproachable to you.

With that mentality, you can never end corruption in Nigeria. Because the minute it gets to where the white man is involved (being part of the network) you freeze. And turn pussy cat.



Wrong and stupid deduction.

80% OF THE WORLD comprises developing countries like Nigeria.
They are materially poor because of the history of western destruction of their civilizations and looting of their wealth to fund the current western riches.

Who is in charge of the Nigerian national budget, is it the UK or Nigerians?

It is why Britain has an annual budget of 2 TRILLION dollars, while Nigeria has one of just 35 billion dollars.

Even if our politicians were saints, we would still struggle to develop.

So get your facts straight.

Because Nigerian politicians cared more about buying houses and living in luxury than using the money to develop human capital and an economy that isn't dependent on oil. That's why there are many stupid, poorly educated Nigerians such as yourself who ignorantly spew nonsense confidently.


I'm not replying anymore to this stupid, rambling dog with nothing to say but mountains of nonsense.