Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[Maestro75]

I even hear say CBN them don give MTN licence to operate bank 4 9ja oooooo, U know waiten dey confuse them for this matter of cryptocurrency be say dem no understand so MTN use 5G enter them as the country wan 5G but them no know how e dey work and MTN sake of say na foreign company come use sense introduce metaverse.

I no know why anytime weh I hear of 5G I go just remember all that noise weh christians for Nigeria make about 5g and the rumour of antichrist around it. I know say all of them shame go deh catch them now. Wetin person no sabi pass them.

As e dey be so me no even see any thing like ban of crypto for 9ja ooo because cryptocurrency activities still dey go on for here steadily, and most companies dey do promotion even on TV. Like Patricia and Luno.

Somebody don reason me this thing weh you talk na too offline say if na true say them ban cryptocurrency for Nigeria why then government deh allow crypto adverts on TV and radios. And I sense say sense deh the talk.

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[uchegod-21]

<snip>

Sorry for the bad experience you get for the company. This one na eye opener, anything you dey do with somebody, just try spell everything out for black and white. You fit no provide the money, but you provide the idea, you fit not provide any idea but you make leg waka. Every effort deserve reward. Incase next time, even if the person tell you say no need to document am, just back out, if this life no show you sheggea, you no go understand. And for our country, e be like say good people wey remain don dey join bad people finish.

[Oluwa-btc]

Omohhhhh for 9ja bah!! Na only the strong dey survive, I no even trust the government, the political representatives, not even my pastor.
Imagine pastor go tell me say make I repent GOD go soon come, trumpet wan blow, but him wan make I donate 200m enhhhh ?!
I done laugh tire!
MTN nah one of the big guns for 9ja Dem go don get alignment with government already, e no get how e wan be!

[Maestro75]

Na only the strong dey survive, I no even trust the government, the political representatives, not even my pastor.

Na after their pockets most of them care o. Imagine Bola Tinubu weh deh sick want to also be president. Na wah o, nothing weh Kazeem no go see for Mile 12 pepper market. Anybody don watch the latest video weh Tinubu hands dey shake? And that na sign of chronic old people sickness o.

Imagine pastor go tell me say make I repent GOD go soon come, trumpet wan blow, but him wan make I donate 200m enhhhh ?!

My frien, if you fall mugu na you want make pastors chop you be that. Na hustling most of those people weh una deh call pastors dey do. Na how to thief money from members deh their minds and not whether you wan save or not.

[Wiwo]

<snip>

Sorry for the bad experience you get for the company. This one na eye opener, anything you dey do with somebody, just try spell everything out for black and white. You fit no provide the money, but you provide the idea, you fit not provide any idea but you make leg waka. Every effort deserve reward. Incase next time, even if the person tell you say no need to document am, just back out, if this life no show you sheggea, you no go understand. And for our country, e be like say good people wey remain don dey join bad people finish.

Baba an dey koko be that ooooh, I don learn my lesson since then, 9ja an funny place were people no dey appreciate good people and would rather magnify their tribal bygones over performance and an y we get so much development issues.

Omohhhhh for 9ja bah!! Na only the strong dey survive, I no even trust the government, the political representatives, not even my pastor.
Imagine pastor go tell me say make I repent GOD go soon come, trumpet wan blow, but him wan make I donate 200m enhhhh ?!
I done laugh tire!
MTN nah one of the big guns for 9ja Dem go don get alignment with government already, e no get how e wan be!

Na so an MTN an big name for telecom industry 4 9ja and many of the politician get heavy share 4 the company so them go always dey pave way, but me no even dey against MTN bringing metaverse into Nigeria telecommunications bit the fact say we government say crypto currency na bad thing but yet them dey use ammm on the low key, this na clear case of person were go say him no like the tree but can eat the fruit. No be juju be that?

[Igebotz]

As e dey be so me no even see any thing like ban of crypto for 9ja ooo because cryptocurrency activities still dey go on for here steadily, and most companies dey do promotion even on TV. Like Patricia and Luno.

Somebody don reason me this thing weh you talk na too offline say if na true say them ban cryptocurrency for Nigeria why then government deh allow crypto adverts on TV and radios. And I sense say sense deh the talk.

Crypto was not completely banned; the CBN simply prohibited banks from engaging in crypto-related operations in order to discourage crypto adoption, which they feared would render local banks and currencies useless. The CBN also tried to prevent Nigerians from engaging in crypto activities because crypto exchanges are centralized, and the owner can withdraw all coins at any time, and they did not want Nigerians to experience what MMM did to them a few years ago. They misinterpret bitcoin as a pyramid scheme.

Why CBN restrict cryptocurrency in Nigeria

[uchegod-21]

As e dey be so me no even see any thing like ban of crypto for 9ja ooo because cryptocurrency activities still dey go on for here steadily, and most companies dey do promotion even on TV. Like Patricia and Luno.

Somebody don reason me this thing weh you talk na too offline say if na true say them ban cryptocurrency for Nigeria why then government deh allow crypto adverts on TV and radios. And I sense say sense deh the talk.

Crypto was not completely banned; the CBN simply prohibited banks from engaging in crypto-related operations in order to discourage crypto adoption, which they feared would render local banks and currencies useless. The CBN also tried to prevent Nigerians from engaging in crypto activities because crypto exchanges are centralized, and the owner can withdraw all coins at any time, and they did not want Nigerians to experience what MMM did to them a few years ago. They misinterpret bitcoin as a pyramid scheme.

Why CBN restrict cryptocurrency in Nigeria

Government dey play us double standard abeg. I don check that article na around the Bush dem dey beat. Forget am, na ban dem ban crypto for Naija, but as dem see say the people smart pass dem, dem wan come play double standard.
You no see betting, na discourage dem discourage but the company is still grow.
For crypto, dem even send their agents for p2p in order to catch people.
Just like twitter, as people come use vpn bycott the restrictions e come be like say government no dey serious.
Just be happy say technology don give us voice, this people for cripple all of us join.

[Wiwo]

Government dey play us double standard abeg. I don check that article na around the Bush dem dey beat. Forget am, na ban dem ban crypto for Naija, but as dem see say the people smart pass dem, dem wan come play double standard.
You no see betting, na discourage dem discourage but the company is still grow.
For crypto, dem even send their agents for p2p in order to catch people.
Just like twitter, as people come use vpn bycott the restrictions e come be like say government no dey serious.
Just be happy say technology don give us voice, this people for cripple all of us join.

Na the thing be that oooo my broda, technology pass government just as Bitcoin technology pass global government 9ja were no get level wan come give people shortage for waiten them no fit do 4 we citizens, I thank God for technology if not wee we 4 hear gweeeeee 4 we government hand. I know no y na people were no sabi anything dey always run for position, check 9ja CBN governor the man na complete egotist man were no know whats up come dey talk rubbish were him no fit explain. Government 4 9ja don fail since Bitcoin and cryptocurrency don come to stay for we country CBN just dey talk rubbish them know who do MMM and all the Ponzi yet them no do anything but verifiable technology like blockchain them dey talk nonsense about ammm. The matter tire me my OG

[Maestro75]

I go like make Igehhh go through that post again as he is arguing that it was not a ban.

[Charles-Tim]

I go like make Igehhh go through that post again as he is arguing that it was not a ban.

CBN can not totally ban bitcoin.

Total ban means government (judiciary and executive) ban cryptocurrencies. Or maybe we should include judiciary too.

Implicit ban can be done by CBN which na what Igehhh dey imply for him post. Nigerians fit trade cryptocurrencies through p2p but no direct crypto-bank or direct bank-crypto transactions.

Igehhh is right.

[Maestro75]

I go like make Igehhh go through that post again as he is arguing that it was not a ban.

CBN can not totally ban bitcoin.

That letter no even single out bitcoin, na cryptocurrency as a whole them mention. All of us know say CBN no go fit succeed in banning cryptocurrency but the thing be say they made the attempt. Abi wetin prohibition mean again if not preventing someone from doing it and at the same time they issued warning to banks to close down any account weh them catch transacting in it. Na just one year weh this thing happen o why we deh try forget so soon. If na only restrictions, CBN no go mandate banks to close people accounts na, instead na banks weh allow cryptocurrency trades CBN for sanction.

[Wiwo]

I go like make Igehhh go through that post again as he is arguing that it was not a ban.

Haha even the circular sef get error for the English, who do Nigeria dis thing, why people were no know any tin dey always dey position were concern we people for 9ja. As dey matter dey be so CBN for 9ja dey confused and them no even get knowledge of waiten dey happen with crypto currency, @igehhh is very correct oooo waiten we dey try talk an the same thing if CBN ban banks were be the financial gateway from direct involvement with crypto waiten again we want here for ban, I think say if Bitcoin an centralized cryptocurrency you 4 fit still dey cash out through ur account. Abi una wan tell me say person fit do any tin with crypto if you no use bank?
Waiten CBN 4 do an to look into the matter first before dem jump on conclusion abi you think say El Salvador we're adopt Bitcoin no get sense..........................@charles-TM hope say u get the point now, that statement were CNB make an law and e fit effect any body abi u never hear say CBN been call on antony general 4 we 9ja make them persecute any body were still dey do cryptocurrency.

[Charles-Tim]

That letter no even single out bitcoin, na cryptocurrency as a whole them mention.

This na bitcoin forum, I can mention bitcoin more than other altcoin or cryptocurrencies in general. Also, read this quote below, it is up there.

Implicit ban can be done by CBN which na what Igehhh dey imply for him post. Nigerians fit trade cryptocurrencies through p2p but no direct crypto-bank or direct bank-crypto transactions.

All of us know say CBN no go fit succeed in banning cryptocurrency but the thing be say they made the attempt.

No, CBN absolutely succeeded. If court overide the ban for citizens, then CBN no succeed to ban bitcoin and other decentralized currencies like what happened for India. But unfortunately, it is otherwise.

Abi wetin prohibition mean again if not preventing someone from doing it and at the same time they issued warning to banks to close down any account weh them catch transacting in it.

Many people dey use centralized exchanges here and direct transactions before the ban, anyone here complain they freeze him/her account? CryptopreneurBrainboss even put it here say they no freeze him account and many of us do not have such complain. Some specific people were tagerted, like organizations. Later, court told CBN to unfreeze those accounts that are legit and other people's bank account. I have the link on this same thread when people were complaining about what is not about this, but I am lazy to dig deeper again.

Any direct transaction? No. CBN succeeded and na absolutely.

Na just one year weh this thing happen o why we deh try forget so soon.

Forget what?

If na only restrictions, CBN no go mandate banks to close people accounts na, instead na banks weh allow cryptocurrency trades CBN for sanction.

Answered.

[uchegod-21]

All of us dey talk one thing, but Charles and Igehh dey reason like say dem no dey dis we country. Dem dey talk like say dem get right base on wetin CBN put for book. Wen you Don fall victim na em you go know say the fight na between government and the people.
Me and my guys don make some dangerous waka for Ph to dodge police, based on say dem dey search people phone to check who get Binance or any other wallet for phone. Say dem ban crypto for Naija. Dem capitalise there suck people dry.
We go need to know say our government dey rape us everyday. The reality be say government no even understand wetin dem put for paper.

[Charles-Tim]

All of us dey talk one thing, but Charles and Igehh dey reason like say dem no dey dis we country. Dem dey talk like say dem get right base on wetin CBN put for book.

How we no dey right? Be transparent as we did, with valid reasons.

Just a question, if Nigerian government placed total ban on bitcoin and other decentralized currencies, you think say you will still be able to access Binance, Huobi Global, OKX, Paxful and other centralized exchanges? No. Decentralized exchanges and direct p2p will be the only option.

Igehhh is definitely right about this.

Police brutality dey everywhere, but better to know what is going on in your country and dey smart about it. Was it lawful for SARs to dey maltreat citizens? No, but citizens that were never internet fraudsters were maltreated. Was that in law?

[Oluwa-btc]

Afa!! Senior men for this ends, I been done see were 1 of us caprison say make na must do broke the bottle for here weh we dey, why I come they see professors dey knack Biq Biq grammar ?
Na which level ? broken or english ?!

[Charles-Tim]

Na which level ? broken or english ?!

English, Pidgin and local language all dey accepted. But if no one reply to your local language post, no vex. According to past arguments and opinions, we concluded English and Pigdin dey accepted as everyone dey understand both. According to poll, the three (English, Pidgin and local languages) dey accepted.

[Oluwa-btc]

Na which level ? broken or english ?!

English, Pidgin and local language all dey accepted. But if no one reply to your local language post, no vex. According to past arguments and opinions, we concluded English and Pigdin dey accepted as everyone dey understand both. According to poll, the three (English, Pidgin and local languages) dey accepted.

But enhh my bros, if you look am well, if we dey knack English this mehn go dey understand wetinn we dey yarn. Omohhhhh e no go well, u no go fit go understand wehtin Dem they reason for another local board, why we go come they speak english ?
We gas dey on our guard ohhhh, after all nah privacy privacy I just dey OBS since me I lap this unit.
We gas dey on our widas ohhh!!!

[Charles-Tim]

u no go fit go understand wehtin Dem they reason for another local board, why we go come they speak english ?

No bring past arguments that don dey concluded, post the one you prefer.

[Igebotz]

All of us dey talk one thing, but Charles and Igehh dey reason like say dem no dey dis we country. Dem dey talk like say dem get right base on wetin CBN put for book.

You should strive to grasp the distinction between a ban and a restrictions. I've said before that bitcoin cannot be completely banned because it is an Internet currency. It not something the Nigerian government can write to Satoshi and ask him to deactivate Nigerian citizens' access to it.Lol. The only thing the government can do is impose restrictions on it and prohibit banks from engaging in crypto-related transactions. Despite the fact that India, China, and the United States all have bitcoin restrictions, these countries possess the main crypto exchanges.

If you read the CBN message carefully, you'll notice that it was exclusively directed at banks and financial institutions, and that it warned them to keep away from crypto-related activity.

Me and my guys don make some dangerous waka for Ph to dodge police, based on say dem dey search people phone to check who get Binance or any other wallet for phone. Say dem ban crypto for Naija. Dem capitalise there

We have crypto exchange offices all over the place, and we see advertisements on our televisions every day. Do you think TV stations would accept such advertisements if crypto was banned?