Buhari's government is evil. Buhari, Malami, Emefiele and Co are all dumb people. They just want to plunge Nigeria into more chaos amidst high spread unemployment and underemployment of youth population.

This clamp down on crypto currency trading and related transactions will lead to more serious crimes like armed robbery, kidnapping, etc in Nigeria. It will worsen the already worst situation of Nigeria both in insecurity and economy collapse.


How can you make most of your anti corruption policies to focus on youths who happens to be the backbone of any nation?

Who engage in national economy damaging looting the most? Of course not youths.

Who sponsors terrorism? Obviously not youths!

Most national economy devastating money laundering acts are done by people above 40 years, why target these young people struggling to survive amidst dead economy and unexplainable unemployment rate caused by useless leaders forming anti money laundering crusaders.


I don't really pity the Nigerian youths, especially Southern Nigeria youths whom these anti youth laws are mostly targeted at because they brought in this failure called Buhari and his evil gang and I am sure in 2023 they will still support APC their oppressor to continue destroying what is left of Nigeria.

For those of you who think this is about FCMB, it is not just FCMB, it is a new policy enforcement order issued to all banks by the CBN. And I am sure the instruction came from that Sharia lawyer called Malami.


Clamping down on youths trading crypto to survive will never end Northern Banditry nor Boko Haram. The people sponsoring terrorism are in Buhari's government making useless policies to further cripple Nigeria.


Nigerian youths are too cowardly, if not that Nigerian youths, especially Southern youths of today are cowards, this is the right and perfect time to revolt against this evil Buhari government because as days rolls by, they will dish out more destructive policies to further impoverish the youths. They can only stop if they see a nationwide revolt by the youths.


In fact Nigerian youths ought to pull efforts together and sue this government and possibly drag Buhari for human right abuses at the ICC, this is more than inhumanity.


Jobs you didn't create for these youths to work. You killed the economy with your foolish policies. You have driven away foreign investors by allowing insecurity and widespread agitation for secession to enguff Nigeria. Inflation is high, underemployment is killing many Nigerian employees who combine their low paid jobs with side online hustles like crypto trading and social media marketing. You shutdown Twitter that was feeding so many youth influences and social media marketers.


Honestly Buhari have reached the peak of national destruction and needs to be stopped now or else his remaining 2 years will be dangerous for Nigerian youths.

And this is only for Southern youths. Una mumu never do yet.

shigishege:
WTF!! Many people are not just roaming the streets. So do you think you are sensible or senseless?? So what bring curses now as if its not you people that voted and brought APC in.

me bring Apc in?

respect yourself ooo

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

Theunbothered:


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.

I actually use crypto to make fast transactions which probably will be delayed or prevented by Nigerian banks. It's more expensive using crypto via p2p for payment but most times it's just the fastest and sure way.

Nigerialabalaba:
Nonsense report as usual from bloggers wey dey form journalists. Shiorr. If every internal memo wey dey be news, dat means say una no get job niyen.shiorr

Btw, trading crypto no be job o.. All the artisans , printers etc in Lagos now don quit work and don turn to crypto. Dem get work o but just abandon dem work dey do Bitcoin . E go beta make government stop dis crypto madness o.
Lazy people wey dey look for free money. Awon ole ole! Shiorr. One wey I know never go him shop for months now becos of dis nonsense crypto get rich quick mentality. Thank you FCMB. Na laziness and get rich quick mentality dey worry dem!

Imagine someone wey be 18 to 30 years wey dey waste hin youth and time wey e supposed use get right skill, experience and network dey decieve himself say him na crypto trader. Shoro niyen? Awon ole! Lazy lot! U will suffer in old age if at 18-30 na free money and get rich quick schemes you dey chase. Go work! That plumber get job o but him abandon all the job dey do Nonsense crypto. FG must stop dis madness o before dem grow up to become armed robbers.


Lazy yoots! You go see dem dey wake up by 11a.m dey stretch. School dem no go, work dem no learn and if you give dem job,ur own don cast patapata be dat. Shiorr!!

Keep quit your slowpoke

I wonder the kind of slowpoke and low level of intelligence kid you will give birth with this your stupid line of thought.


Ndiara

Emperor2020:
you are pain becos u don't know how it work or u re poor,so who told you that crypto is not paying big time, that's de online trusted nd tested online stuff I HV don nd see gain in it,you are daft bro to say crypto no b job

The guy na big fool

It is very sure he is wallowing in poverty

So he feels intimidated by those doing well via Crypto and wants to drag them down to his wretched low life

FCMB Begins Treating Customers Aged 18-30 As Fraud Suspects - Business - Nairaland

Why not we deal with them, if you are within the same age bracket and have an account with FCMB, go withdraw all your money and close the account... They need us but we don't need them... CRYPTO HAS COME TO STAY WHETHER GOVERNMENT LIKES IT OR NOT .. all they want is to see young men beg but we refuse to beg... Bleep u

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

Ignorance is a disease, you write so well but it’s unfortunate you’re not as intelligent as you type.

99% into crypto are not fraud, let’s say like 30% sha.

Crypto between July till date has been crazy especially with the fact that most tech billionaires are now embracing it (Elon musk, Tim Cook and co) even some USA senators prefer to be paid in Bitcoin.

A lot of coins did over 1000% within days meaning ordinary 100k would have turned to 1M, why? They’re new projects in line with the metaverse project and the people early on it get to buy into the project when it is still extremely cheap, just like the early people who got into the oil blocks during obasanjo regime, oya, I saw an update yesterday morning but I shrugged it off because I have too many coins in my portfolio and guess what? Those who bought $10 worth of the coins are presently dancing in money! $10 now worth $200, guess what will happen to those who bought $100 worth of the coins?? The above is for those with capital.

What about airdrop? Airdrop are free coins given out to people to attract more people into project and guess what? $ENS airdrop was given and they all worth over $10k!! Free coins.


The thing about cryptocurrency is like the early oil block, whether you hate it now, whether you condemn it now, on the long run, you will have no option than to embrace it because it will soon become the world Official legal tender, a UNIVERSAL RECOGNIZED CURRENCY

GOFRONT:
FCMB!! This same FCMB that cannot remove the log in his own eyes, now want to remove the spec from another man eye. Same FCMB whose MD was lashing Mr Tunde Thomas wife and got her pregnant just because Mrs Tunde Thomas was working under him in the office.

MD Nuhu impregnated another man's wife and sparked out paternity fraud in another man's family and that action alone sent the man to his early grave........What could be more fraudulent than this??

And they are here going after age bracket of 18-30 yrs as fraudsters...........well, no weapon fashion against our very own damn nigga Slawormir shall prosper!!!!! Inshallah, Insha Jihofa, Insha sango and amadioha.

gadamnnnnn it !!! It’s finished in 21st century can u imagine what a country is doing

GOFRONT:
FCMB!! This same FCMB that cannot remove the log in his own eyes, now want to remove the spec from another man eye. Same FCMB whose MD was lashing Mr Tunde Thomas wife and got her pregnant just because Mrs Tunde Thomas was working under him in the office.

MD Nuhu impregnated another man's wife and sparked out paternity fraud in another man's family and that action alone sent the man to his early grave........What could be more fraudulent than this??

And they are here going after age bracket of 18-30 yrs as fraudsters...........well, no weapon fashion against our very own damn nigga Slawormir shall prosper!!!!! Inshallah, Insha Jihofa, Insha sango and amadioha.

An internal email seen by Peoples Gazette titled “Compliance Advisory on Cryptocurrency Dealing/Transactions” is in furtherance of the Central Bank of Nigeria’s ban on the trading of cryptocurrency in the country.


Dey try read

Help me tell FCMB that they'll loose a lot of customers SOONEST!!!

Very true. I went to one of their branches few days ago to deposit USD. No be small thing I see that day o.

FarahAideed:
Buhari has ruined this country

Buhari don't like young people. He no like the youths at all.

Thank God I don't bank with this e-diots

They would have picked me up already

I'm under 30 with millions in my account their prime target

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.

chocboi78:
did u later get the alert?

yes i did

Nigerialabalaba:
Nonsense report as usual from bloggers wey dey form journalists. Shiorr. If every internal memo wey dey be news, dat means say una no get job niyen.shiorr

Btw, trading crypto no be job o.. All the artisans , printers etc in Lagos now don quit work and don turn to crypto. Dem get work o but just abandon dem work dey do Bitcoin . E go beta make government stop dis crypto madness o.
Lazy people wey dey look for free money. Awon ole ole! Shiorr. One wey I know never go him shop for months now becos of dis nonsense crypto get rich quick mentality. Thank you FCMB. Na laziness and get rich quick mentality dey worry dem!

Imagine someone wey be 18 to 30 years wey dey waste hin youth and time wey e supposed use get right skill, experience and network dey decieve himself say him na crypto trader. Shoro niyen? Awon ole! Lazy lot! U will suffer in old age if at 18-30 na free money and get rich quick schemes you dey chase. Go work! That plumber get job o but him abandon all the job dey do Nonsense crypto. FG must stop dis madness o before dem grow up to become armed robbers.


Lazy yoots! You go see dem dey wake up by 11a.m dey stretch. School dem no go, work dem no learn and if you give dem job,ur own don cast patapata be dat. Shiorr!!

Stop displaying your ignorance in the public. If a subject you know nothing about is being discussed, just keep quiet.

Being a Nigerian under APc government, they want every Nigeria to suffer and die , be watchful.

Explaining to APc government is hard and bad , they won't mentioned those financing terrorism , they want us all to start manual labour , they launched want they banned , Buhari and gang .

Theunbothered:


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



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.



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.



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.



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.



Yet other countries are fighting fraud without these draconian measures.




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.




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?



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

GOFRONT:
FCMB!! This same FCMB that cannot remove the log in his own eyes, now want to remove the spec from another man eye. Same FCMB whose MD was lashing Mr Tunde Thomas wife and got her pregnant just because Mrs Tunde Thomas was working under him in the office.

MD Nuhu impregnated another man's wife and sparked out paternity fraud in another man's family and that action alone sent the man to his early grave........What could be more fraudulent than this??

And they are here going after age bracket of 18-30 yrs as fraudsters...........well, no weapon fashion against our very own damn nigga Slawormir shall prosper!!!!! Inshallah, Insha Jihofa, Insha sango and amadioha.

We condemn the authority everyday for not doing enough to curb corruption but we're actually not ready to play our part. Always believing that government just need to perform magic and make corruption disappear. Lol.
Other banks need to be proactive too, it's a welcome development