Topic: EFCC, Court Freeze N548.6 Million Belonging to ByBit, KuCoin 9ja Crypto Users. (Read 569 times)

The Nigerian government go just sit down and when they feel like to flex muscle, they attack the crypto community as if they are the ones stopping them from providing good governance for the Nigerians. Job employment them no provide, industries them no build but na the crypto wey man they use chop them wan they attack but the joke is on them, they can only try all this ban of thing with their centralized naira, very soon vendors self go dy accept crypto for payment especially the stable coins.

The advice wey I go give other people wey they do crypto in bulk, any money wey u no need, e better make them covert am into crypto and covert when them need naira immediately. Some of the accounts wey dem don ban no go pass accounts wey don active for trade for long time. Anybody wey never get signal but don trade bulk of transactions of Naira in the past should sell their naira, better safe than cry later because this government na mumu one.

Imagine when you use cat do security to watch fish wetin you think say go happen. EFCC na them suppose fight crime but na their own worst pass because them use their office dey achieve peoples properties that they seized for themselves which all of them suppose go jail if say na foreign country.

It is a very big problem to fight corruption for this country because na corruption be people side hustle. Maybe soon e be be END EFCC.

This current government is really confused ,here they are talking about devaluation of niara. what about NNPCL that is selling crude to dangote in dollar. This current government  has no solution to offer ,in fact they even the one responsible for the devaluation of niara, they are now looking for were to shift the blame. So this is message to all u should be careful not to keep a huge of money in your account rather u can invest it in bitcoin and convert it to naira whenever u want to make use of it.

No be lie you actually talk so, no place wey d safe again for this our country. The things wey peso d do before that are safe, no longer d safe for this present government, na make the government no remember am.

All this ups and downs fight wey our government d fight with crypto exchange na we the citizens wey em d affect, and we go indirectly pay for it in one way or the other. Our government knows sae Nigeria's wey plenty d into crypto, and them d make am big without paying tax. The way to get to them na to attack crypto exchange wey d operate for Nigeria. By attacking the crypto exchange, them don d gain ground small small to begin to think of ways to exploit big money from exchanges wey go leads to exchanges forcing everyone to pay a higher fee for their services.

Wetin I stated above na my thoughts on this bark and fought our government d do with crypto exchanges because all these things are channeled to ways wey this crypto exchanges go d pay heavy tax since everything wey d inside Nigeria don turn to tax dividends for the government

My country people, you see anything wey involve government auctioning seized properties forget am because you no go see anything. You think say them no like better thing to keep for themselves or you think say dem go hustle out awoof property like that come give you to buy for free? no be for naija wey we dey so o.  Those officials are very correct and corrupt at the same time so do not bother going for their auction because them go stress you and even if you see anything, na NBUKA dem go bring out for you abi na nbuka you go there for? So  no need to waste your time say you dey go for their auction because nothing come out unless you just wan go observe wetin dey happen there.

To me the rationale for this government rejection and opposition to cryptocurrency Is based on the fact that they feel it is the prayer of crypto users that the naira should be on the continuous fall inorder for massive cashout out. If u look at the matter the only sets or group that are comfortable if not for the sake of the economy is the crypto users because when dollar rises their revenue rises.
As regard this matter the feeling has nothing to do with reality is just like someone wishing to travel abroad or buying a car, it is only a wish which has nothing to do with the reality. I have a fine girl in my area I have been wishing to date. When I confront her I do receive the insult if my life. Then I wish my wish transforms to reality.
It is pertinent to keep our coins in wallets not in exchanges to avoid do u know me?

You get am. The whole auction na hoax. Them just dey do am for media publicity make he belike say them dey work one better thing. When you reach there na you go know say all na whining. Them don already select the ones way them won tiff for inside. The big properties like cars and houses way them nor fit hide them use person name buy am for the auction very cheap.

But come ohh I been think say we done pass all this government issuse with crypto exchanges, why all this federal high court issues now honestly speaking this people are really taking a great advantage of the crypto space because their no we are not going to say anything so they just use  every opportunities to take what ever they want all in the name of protecting naira inflaction to me that bull shit story for the gods all this na just scope to collect crypto money flex.

 Greediness don really take over our selfish government because, if no be greediness how someone's with their right scenes go just freeze what doesn't belong to you all in the name of protection of naira devaluation, and the funniest part of it, is that they don't ever freeze an politicians account if huge amounts of funds is been invested with then, na only people poor massive wey crypto na future to them dey go ever freeze account small crypto wey don dey help many people and infact wey be eye opener to the Nigeria with the way government dey use our eyes see things.

Na you even get time to dedicate for their processes. E get anytime this government will say A is for Apple and A is really an Apple? It never works. If no be plenty paperwork na plenty other processes to stress the life out of you. I'm sure that the most valuable assets have already been siphoned off by EFCC and left the scrap to be auctioned and for media publicity. Well about the auction, I hope say them dey only auction the properties of convicted people.

This is just the best way now to keep safe your assets. It is not advisable anymore to keep anything with exchange anymore. Ever since this latest saga began, the Nigeria crypto space began to shake again. Everyone just needs to be extremely careful.

Some days ago I saw post on one of the platform were a member dropped a screenshot of his conversation with his friend. In the conversation his friend was telling him to be careful because they freezed his account and the money deposited was traced to an account with tainted records this was what he was told when he got to the bank to lay a complaint. He was interrogated but he told them he does sell shoes online and that was what saved him. He had to call the buyer on bybit to confirm and the guy told him same too and that it was a guy he sold usdt to via bybit that paid that money to him.

We just need to be careful when transacting online now, look at the buyer transaction details properly before dealing to keep you on the safe side.

Yesssoo because everywhere dey suspicious. And we no know who dey trade with us. And dis government dey hunt all corners. Right know EFCC, and police nai dey disguised themselves dey hunt crypto participants. But I see that as a misplacement of priority. They have a national course to carry and coming to something that doesn't have their time. And because they want to collect money from those boys.

When we trade in the CEX we should not keep the change if their is any in  the exchange and instead send only the amount you want to use to the exchange and empty exchange at once.

I think say them say them dey auction the properties way them seize after the court case don finish. The auction sef na yeye thing them dey do there. I don go their office for Asaba last year weda I fit partake for the auction but the things I see there make me turn back. Them go fit use documents pursue you first. To make matter worst na old scrap motor them bring come out say na wetin them won auction. I come dey wonder which yahoo boy or politician way dey drive this kind gwor gwor motor. EFCC dey use us catch cruise them corrupt like SARS.

This country is a big joke and nothing dey suprised me again, imagine so called EFCC sef dey trade crypto and yet  agency in the same government would be freezing and arresting people using crypto. What you is just the truth, because the whole country is just about selfishness and as everyone is trying their best to survive and this is all caused by the error of bad government because even the government don't actually want things to get better as they use this opportunity to exploit Nigerians more.

I made a post about this earlier this week. The move by the government doesn't surprise me one bit. We had people in the community that were calling for government to completely regulate crypto but I think they'd prefer if they can just stop it all together because more Nigerians are joining the bandwagon and have no interests in investing domestic products in the country (Fixed savings, mutual funds, properties, etc) simply because inflation is eating everything up and if you try to buy what you need, it is priced out via USD and your NGN is getting devalued with each passing day.

Now about the EFCC operatives, I had a friend that got arrested in one of their night raids. He confirmed that the officers in the agency engaged in crypto themselves as well as other Nigerians. This government is simply looking for where to point accusing fingers too for their inability to improve anything in the country other than enriching them own selves with more cars, wealth and properties.

It's a sad reality.

it is clear that they don't have crypto users in mind and this is not the only country that uses crypto i wonder why all the sudden hunt for crypto users, and even sizing their funds and these efcc guys are becoming a serious threat for crypto users and this, not the first time I think other countries are supposed to be proud of the youths doing crypto rather than going into fraud and their reasons are that crypto users are behind the increase in naira dollar rise, and the other ways that they can even be strengthening naira but no they are chasing their users why not even work on E naira but no they are busy placing bans on exchanges and my question is why are they still allowing bybit that is like the only functional exchange now. is there an agreement that we don't know about, from the beginning of this regime when they lifted the ban coming with all this tracking down of a thing is just very discouraging. i just know why the government is just always want to be behind, when other countries are advancing even in crypto, ours is busy hunting down, they will eventually get tired if it this something am very sure of they can not keep chasing.

Normally, if nija government don fuck up, Dem go dey find every means to point fingers. Me first know say this issue of exchange no fit rest for Dem hand. Dem don completely ruin the country, what more killing it totally. I don't blame them sha, as they think they are smart. we will have other means to covert our money to cash, even though they remove all p2p platforms. For some time now, I use my trading broker to convert USD straight to my account and it's still based on the normal 1590 per dollar, which to me is a fair price. I don't have time to think about Nigeria government they should do what they like...

Before I even start di crypto journey in 2022, Nigerian government have been on the neck of cryptocurrency users frustrating them and this man hunt started from Buhari tenure in the month of February 2021. That was the year and the time the banned on crypto started and that was also the climax of cryptocurrency market in the country. And when they banned and frozen many cryptocurrency users account, till date they have not improved on anything but they did for their wicked plans against the youths. Now they are strongly fighting against Bitcoin which has nothing to do with national economy but they abandoned dollar which is rising daily and affecting the growths of the National Economy and Currency. That one sef na misplacement of priority. Since 2021 Nigerian government dey fight against cryptocurrency which would have helped them in the financial services.

And you know why they are fighting, no capitalist as openly information that they are interested and investing in cryptocurrency. You that Government obey the sayings of a capitalist. The Capitalist are the owners of the State and the Government is institution of the state. The mistake our mothers and fathers did last year election will still repeat itself in 2027 because of $70 from Tinubu. Tinubu interest is not for the citizens of Nigeria but for the capitalist. It is only youthful President can favour the crypto community in Nigeria.

What do we expect when we have gullible minds in the helm of affairs of the country, it is unfortunate that these people are doing everything  possible to frustrate anything concerning Bitcoin and other cryptocurrency in Nigeria, I don't know what they stand to gain in this, the government talking about people involvement in the fluctuation of naira as their reason to freeze such amount of money, I think the government and the anti- graft agency should hide their face in shame, where were they when the economy of Nigeria got this very bad and since then what have they done to salvage the situation at hand it is even funny for the government to think this way because with what we know already, any country that consumes more than they produce should expect their currency to be valueless, my question is do nigeria export anything in large quantity apart the crude oil they sell to other countries to buy the refined product in return, so are they expecting magic to happen for naira to be gaining against the dollar when things are not been put place to tackle inflation to its minimal level, let's face fact, we all know that the economy of this country is unproductive so EFFC and other anti graft agencies should investtigate the cause and stop chasing shadows.

It is only in Nigeria that I see that innovation are seen as threat to the national development, it is quite unfortunate that all this things are happening to weaken the marale of bitcoiners and crypto enthusiast to stop doing they needful, I encourage us as bitcoiners to device a mean or adopt the advice as is been said by @CryptopreneurBrainboss above so that our money will be safe in our custody.

This is another way that the government want to use to frustrate those that are into cryptocurrency hustle but one thing is sure there must always be a way out there is a saying that goes thus if one door closes another open. It is very painful and shameful that this our Nigeria government left what is important to do and decide to keep chasing shadows. I have seen that they always have this joy when they see Nigeria citizen suffering for there are other important this to fix in the country but the left them  and be doing other unnecessary things instead of the to be thinking how they can reduce the price of things in the country people are suffering Petro price has been hike Evey thing is just messed up in this country for is only God that can save us from the hands of this evil men we called leaders.

Dem tell you say the government been want make we enjoy crypto before, since, dem been dey find way wey them go frustrate us crypto hustlers and dem go soon dey succeed.

The government like when we dey suffer because that time dem go fit control us more. If we dey see rubbers, we no go need the government so dem no go fit buy our votes na why dem want us to dey hungry so when dey give us bread we go sell our votes.

We no go fit stop crypto P2P as na the only way now to dey sell crypto since them dun block direct exchange with banks wey be say na the exchange go buy your crypto direct rom  you. Now we need dey sell to others directly through P2P.

Na just say we need dey more careful now when transacting with people because say if dem catch you no be say na you fuck up as dem fit use through the merchant them to hold you.

Nothing we go fit do about this one now as we no fit observe the merchants to know which one better pass to use/avoid. Na just say make we dey careful with our bank accounts that's all.