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Nairaland Forum / Nairaland / General / Business / Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform (20209 Views)
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Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 5:19pm On Mar 18 |
lanre316: Good luck bro. Who knows which other platform government will clamp-down, after Binance? |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 5:22pm On Mar 18 |
lrman: What I said was that: for India to be able to achieve one of its aims, it has to ban RUP/USDT pairing. Read my comment again. Banning Binance in India won’t solve the problem of RUP/USDT is still available of P2P or other platforms. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by lrman(m): 5:22pm On Mar 18 |
VanuatuWycombe: No sane country that is aware of the law will say binance should give them the information of their customers and expect binance to do that..not even the almighty US or China or russia or any other country...only in Nigeria because of many dumbos like you that are ignorant.... |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by Af0nja: 5:24pm On Mar 18 |
Mynd44: FG already has everyone's details 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by lanre316: 5:24pm On Mar 18 |
VanuatuWycombe: Trust entrepreneurial Nigerians, we're always one step ahead. They cannot clamp down on all online legit profit-making platforms at the same time. Impossicant! 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by Arabmoney2023: 5:25pm On Mar 18 |
FreeStuffsNG:Your comment is totally out of the actual post, always behaving like a kid, please seu kindly rid nairaland off this kids that always brings tribalism in every good post on nairaland, these people are constituting a lot of nuisance here, making this place look childish because of tribal nonsense. Thank you 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by lrman(m): 5:25pm On Mar 18 |
VanuatuWycombe: Another ignorant post...the india government cannot ban the RUP/usdt on binance except if binance remove it by themselves just the same way they(binance) removed the naira on their platform.....the india government cannot ban RUP/usdt on the platform ..it is binance that will do it by themselves...government can only ban binance as a whole..not the pair.. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 5:30pm On Mar 18 |
lrman: Nigerian government compelled Binance to remove it. It is our currency, man! Not Binance’s currency. The same thing is applicable to India. India can tell Binance to stop pairing RUP/USDT and Binance has to comply. Why didn’t Binance ignore Nigeria when Nigeria said it should stop the pairing? We do not say Nigeria has the password to Binance database to effect the changes. This is a national matter. Which schools did you attend? Your reasoning is like those of palm wine tappers. I guess you are still a teen or in your early 20s. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 5:35pm On Mar 18 |
lrman: Read my previous comments and evidences. No company is above the law of any country. You can do your own findings too. Don’t worry. Your case is immaterial on the list, except if you have traded above $100m on the platform. EFCC won’t come for you at first. Let EFCC prepare its shortlist. May be only 1,000 crook traders will make the list but if there’s need to make the list long, I do not guarantee your safety. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by lrman(m): 5:36pm On Mar 18 |
VanuatuWycombe: I wonder where you read all these your nonsense false info... |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by lrman(m): 5:40pm On Mar 18 |
VanuatuWycombe: Animal !!!! You are obviously one useless broke boy hiding behind his nonsense phone to feel Important..efcc do not know of your existence same way with the nigerian government...so your opinion don't matter..secondly it is obvious you are a child..so when someone argues with you and stating the facts on ground then it automatically means they are using binance or have used binance or that they are trading usdt/ngn..what a foolish reasoning...show me anywhere in the world where the law states that the government can request for the private information of all the customers of a company not registered in it's country or just shut your ignorant mouth up and keep spreading the ignorance among the gullible illiterates like you !!!!!!!! 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 5:42pm On Mar 18 |
lrman: Don’t worry son. It’s beyond your comprehension. Then why did Binance comply, if it was not compelled to remove it? Was g.un put on Binance’s head to remove it? Or do you think it was removed by nature? Can you show us here who removed it or how it was removed? Or are you waiting to read it online or in newspaper for Tinubu of CBN or EFCC to announce that they have removed it? Government doesn’t need to announce that. Check on Binance now and tell us if you can still see NGN/USDT. Can you do that, quickly, please? Share the screenshot here with today’s date. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by HeroicMeastro: 5:44pm On Mar 18 |
FreeStuffsNG:Good! Some unpatriotic bastards would be exposed soon. They are even worse than the politicians. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by doyin01: 5:51pm On Mar 18 |
rinzaugustine: The nigerian government are clueless 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by Tonytonex(m): 5:53pm On Mar 18 |
Paraman:they dare not disobey |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 6:05pm On Mar 18 |
lrman: I have answered this before in one of my comments. I will try to answer it again. Nigerian law, through our courts, can tell any company to reveal its customers’ info. https://banwo-ighodalo.com/grey-matter/ndpr-can-commercial-banks-release-the-personal-data-of-defaulters-of-pta-bta-guidelines-on-its-website-as-directed-by-the-cbn This one is confirmed by a reputable law firm in Nigeria. You too try to do some finding Read this: https://www.cbn.gov.ng/out/2014/fprd/aml%20act%202013.pdf Check page B 237 And this: https://www.cbn.gov.ng/out/publications/bsd/1991/bofia.PDF And this: https://www.cbn.gov.ng/out/2021/ccd/bofia%202020.pdf 👆🏻👆🏻 Search for Duty of Secrecy on those last two (links) documents and read about reasons why Duty of Secrecy of customers’ info may not hold. That’s the law that governs banks and other financial institutions in Nigeria. They are all from our CBN. Don’t worry; your jail term won’t be much, if you are caught in the web of money launder!ng via Binance list. 😁😁. It’s a pity, you won’t still get your lost investment back.
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Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by Sctests: 6:06pm On Mar 18 |
Mynd44: They will appeal it. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by doyin01: 6:12pm On Mar 18 |
VanuatuWycombe:. You shot yourself in the leg...so I checked the first link you posted and read it..and I guess you were too blind to read this part However, the publication of the personal data of defaulters under the Guidelines does not fall under the transmission of data to regulatory authorities for criminal investigations and tax offences, as envisaged by the NDPR. Consequently, this particular processing will need to identify one of the other legal bases for processing as provided in Article 2.2 of the NDPR, in order to accord with the requirements of the NDPR. Section 33 of the Central Bank of Nigeria Act, 2007 (“CBN Act”) provides that the CBN may issue guidelines to any person and institution under its supervision. Under it's supervision..how is binance under CBN supervision ?? Secondly is binance among the banks or institutions under CBN ?? And is binance a bank ?? You wrote the sentence below That’s the law that governs banks and other financial institutions in Nigeria. They are all fro. Our CBN. Is binance a registered financial institution in Nigeria or a registered bank in Nigeria ?? Smh..sometimes I read some certain things and I wonder if some of you are educated illiterate or just want to pretend to be daft.. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 6:22pm On Mar 18 |
doyin01: Olodo ni e. We are not talking of supervision. We are talking of why court will request companies to reveal customer database to it and to complainants listed in a case. Now read what could have happened ( on that list) that would make ANY finance-related institution to loose its right to the court and be forced to release details about its customers. Let me paste it here for you again. Don’t read preambles. https://www.cbn.gov.ng/out/2014/fprd/aml%20act%202013.pdf Check page B 236 for the reasons. Then check page B 237 why a company will not be protected by any law while trying to keep details of its customers. Some of those reasons mentioned on page B 236 to B 237 are parts of what the complaint told the Abuja court, which then compelled Binance to disclose its customers’ details. Read all the links. Check Banks and Other Financial Institutions Act (BOFIA) as amended. They are all there.
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Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by Beautifulday: 6:23pm On Mar 18 |
Mynd44: They can't do it. If they do it, binance is dead 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by Gentlesoul2021(m): 6:23pm On Mar 18 |
FreeStuffsNG: Them wan send boys to trenches. 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 6:32pm On Mar 18 |
doyin01: Binance is a financial institution sir.it is dealing in currency trading and registered in Nigeria either buy genuine way or crook. I hope you are able to learn something new today. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 6:38pm On Mar 18 |
rolams: It is a financial institution. You can see currency behind crypto, at least. And it’s trading such currency which is affecting an economy. When you here financial institution, don’t let your mind go to only banks. Insurance company is part of financial institutions. Add that to your pool of knowledge today. Any company that deals in anything or renders any services that affects finance on a macro level, is termed financial institution. That’s why the Act that regulates them has this name. BANKS AND OTHER FINANCIAL INSTITUTIONS ACT OF 1991 (as amended). |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by onatisi(m): 6:39pm On Mar 18 |
This issue is in two phases . The first is , will binance comply with this court order? If they don't ,what will be the consequences ? And lastly , if binance even comply and release the details to the efcc, what is the efcc going to do with the list? Are they going to arrest those traders or block their financial accounts ? |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by EnterpriseMan(m): 7:25pm On Mar 18 |
Paraman:Lmao who is federal high court that they will not disobey. 1 Like |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by doyin01: 7:30pm On Mar 18 |
VanuatuWycombe: You claim they are registered in Nigeria , federal government claimed they are not registered..who should we now believe ?? You or the federal government ? I guess you now know more than the FG...weyrey |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by EnterpriseMan(m): 7:34pm On Mar 18 |
One of the biggest joke I have ever heard. If you like order from now till kingdom come, those fagots will not get any data. It's simply breach of privacy. Binance is a worldwide entity and disclosure of client data to any government without any evidence of crime is something that they can get sued for and make them lose billions of dollars. The issue is plain and simple, Nigeria cannot and don't have the power to get any data from Binance. If you like arrest staff, is it the staff that has the data? You think the owner of Binance even has their time? Mumu people, ordering them to release data on what grounds? Nigeria and embarrassing themselves internationally will never get old. 2 Likes |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 7:36pm On Mar 18 |
doyin01: Follow your mind and follow the court case. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by doyin01: 7:41pm On Mar 18 |
VanuatuWycombe: Mtchewwww !!! We are talking about facts presented..this one is talking about mind..olodo |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by VanuatuWycombe: 7:42pm On Mar 18 |
doyin01: I said follow your mind and court since you asked which one to believe between what I said and what you said someone said about Binance being registered in Nigeria. |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by doyin01: 7:49pm On Mar 18 |
VanuatuWycombe: Mumu..so federal government is now "someone". |
Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by toluxe0075: 8:09pm On Mar 18 |
Binance will not release any names. Their reputation is at stake here too. After a few months of clueless effort, the FG will quietly release the Binance staff and not speak about it again. 1 Like |
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