Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[CryptopreneurBrainboss]

Even with all this suffering, the youths will still be exploited, Nigerians go kukuma sell their votes for pennies( Enjoy for a day and suffer for 4years).
Na Russian missile go help, come reset our brains

Nigerian youths belike, dem say the devil I know is better than the angel I don't know, na so Nigeria youths dey think. Make I chop today first as tomorrow come we go hustle for that bread tomorrow. This na the reason come 2023 dem go still sell their vote and na recycling we go do for the politics. E get texi I enter last year, the discussion be say Nigeria gaz get war for the country to better. The man give examples come say better war need come Nigeria wey many people go die if not the country no go go forward.

The man say, you see all this country wey dey successful today, say dem all go through better war and no be that Biafra war something wey no complete. If na that Russian missiles go make us better make e come oh. War get advantage and disadvantage, yes people go die but rebuilding go happen and this time better structure go dey in place.

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[Wiwo]

Even with all this suffering, the youths will still be exploited, Nigerians go kukuma sell their votes for pennies( Enjoy for a day and suffer for 4years).
Na Russian missile go help, come reset our brains

Nigerian youths belike, dem say the devil I know is better than the angel I don't know, na so Nigeria youths dey think. Make I chop today first as tomorrow come we go hustle for that bread tomorrow. This na the reason come 2023 dem go still sell their vote and na recycling we go do for the politics. E get texi I enter last year, the discussion be say Nigeria gaz get war for the country to better. The man give examples come say better war need come Nigeria wey many people go die if not the country no go go forward.

The man say, you see all this country wey dey successful today, say dem all go through better war and no be that Biafra war something wey no complete. If na that Russian missiles go make us better make e come oh. War get advantage and disadvantage, yes people go die but rebuilding go happen and this time better structure go dey in place.

I agree with two of una talk oooo but the koko be say Nigeria youths most of us are un informed and with that lack of adequate information na waiten give the politician chance to take advantage of us use penetrate come set division among the youths so the youths, the ones were politicians dey allow come close to power na the ones were dey corrupt like them and we're no get knowledge but after there stomach, that is why 9ja politics no fit better. men no dey were understand the dey game and those ones were dey no fit involve sake of say the risk too high.  I want make we know something, no be only war fit solve 9ja problem, if we fit restructure this country and practice true Federalism Nigeria 🇳🇬 go move forward.

[Charles-Tim]

A total of 1076 Nigerians were evacuated from Ukraine when they had the opportunity, this is war, and you don't expect foreign planes to be flying in and out of a capital that has already been taken by Russian troops; everyone was given fair notice and contact, but some felt they were too big to come back to Nigeria; now they are trapped with nothing to live for, and as long as you are black, you will never get a fair treatment over there. I don't believe any evacuations are currently taking place in Ukraine; any flying object now poses a threat, and I don't believe the government can do anything to help those who are still trapped in Ukraine, maybe those who fled to Hungary or Poland may have another chance.

I am not disputing this, but recently, what I checked (yesterday) pointed to 1400 Nigerians

The foreigners (mostly Nigerian students) in Kherson a southern Ukrainian city occupied by Russian troops are the one complaining. Just like you commented, a wise lame will never see a war he/she has heard of that is coming. Though, we are feeling bad too for the people, we hope they are out of this mess.

The man say, you see all this country wey dey successful today, say dem all go through better war and no be that Biafra war something wey no complete. If na that Russian missiles go make us better make e come oh. War get advantage and disadvantage, yes people go die but rebuilding go happen and this time better structure go dey in place.

There is nothing war can do than distruction and the Nigeria has all the weaponry needed to make Nigeria stay together. Okay, if this can even be done (I mean seperation), the South is also divided. Only South East has been agitating for seperation, South South are yet not that ready, South South goals has been very different which is what are related to oil.
South West are so divided about this.

Seperation in Nigeria can only start from the politicians, which will surely lead to war. Even all the politicians in all the zones are not ready to seperate, including South East.

I want make we know something, no be only war fit solve 9ja problem, if we fit restructure this country and practice true Federalism Nigeria  go move forward.

Sometimes it is like you post something from my mind because you post it the way I am thinking it should be, the first is about ASUU, the second is about restructuring. What the British even left us with are changed by the politicians unfavour seperation, I will not mention name but we all know as Nigeria was restructured to this present one, not what the British left us with. The dependency on federal government is too much, it would've better if this country is restructured. But, still, our politicians are educated illiterates, even some are uneducated illiterates that speaks English.

I have come to think that blacks themselves are somehow primitive because of the way we think to favour our selfish ambition which I have seen everywhere I have been through rather than focusing on what we should. What makes me later realise that we are not primitive are the blacks abroad which later become investors. The way we think here too is totally different from what can make us progress.

[Maestro75]

This kogi state wetin be their own contributions to the country and how much them dey get to use arrange their state from the national cake.

Na small time e remain make the matter deh everywhere as Wike don win that case for court for states to deh keep cash weh them generate from their states through VAT. That one sweet me well well. How the rest of the country go deh generate cash to take support  lazy and unproductive states for north.

Please who is interested in the e-Naira? If una ask me o go say person suppose learn how to crawl before him fly, Nigeria doesn't have the technical know how and the resources to run a Crypto related project

I no deh interested in the E-Naira project at all because I no say na the same story story weh them go still tell us at the end of it. The thing no deh properly arranged. Tales of people weh loose money and missing transactions go deh.

[Oluwa-btc]

The government they make am hard for folk's you ,but we no gas get depreciated mindset.
Davido doing 20m giveaway nah crap, although na low key military government be this but we gats do something.
Omoh,like this is biafra come sef I go happy. My problem with them be say when Ken Saro Wiwa start this freedom Waka, the Igbos no put body support am, na why e dey pain me for them to talk say we be Igbos.
Thunder!    9ja go better,but e demand sacrifice, who go bell the cat ?

[uchegod-21]

Story never finish oh, this one shock me. For fuel station, dem no get POS but for manager corner Cashback dey available meaning say you gaz first withdrawal wey be another charge entirely and na #100 per #5000. When you finish that one you come buy fuel with cash where another charge dey based on your liter. NNPC dey sale normal sha but you fit spend 3hrs for line and you never move. This country dun finish, shey dem warn us about buhari governments we no gree hear, last time this man rule, the country surfer but people want change, shey God dun give them change na lol.

The story wey you talk about paying for the gallon and using the filling station POS to do business behind the scene, shey na Buhari send them to do like that ni?
This we country dey always look for small opportunity to inflict pains on the lives of the common people. Everyone is ready to make money at the expense of others.
The other time during Ukraine war, some needed to hold Nigerian flag 🇳🇬 in order to be evacuated. That was the right time to show that we are good people, yet Nigerians there amidst war was selling the almost free flag for big money.
In this country, the government dey knack our gbekus and we still dey knack one another join.

[Marykeller]

This our country Naija d too big for one person to rule. Dividing it na d best solution.
Everything for the country don scatter. Fuel don d scarce, gas expensive, diesel expensive, National grid don collapsed, ASUU dey strike, doctors and professionals dey leave the country, the police wan go strike, insecurity is paramount, ritual killing na d happening things, transportation don increase join, price of food including our agege bread don increase in price, airlines wan shut down, companies wan make walka out the country, jobs no? em no dey. The beggars on the street d increased on a reg, our National debts are in red, the bribery and corruption na where case closed, the major candidates competing for the next presidential election dey above 80+ man with shaking hands dey form 69years, and d sad part be sae we get more deaths than Ukraine wey d war. People are scared to protest before they get shot down. Our president and his wife no dey for the country. I don’t think Nigeria don experience this kind yawa before.
Where exactly have we gone wrong in this country?
Me I don tire oohh walahi

[SatoPrincess]

  Banks to report deposits of more than N5m to EFCC

The economic financial crimes commission is a fraud institution. They ignore politicians who steal millions and billions of naira everyday right under their noses. They are only functional when it comes to the masses. The new bill states bank will reports any individual account that deposit more than N5m and N10m for corporate accounts. After so many years the same issues Baba Fela protested against in his time are still happening today. This bill is going to affect individual businesses, I normally use online banks for my large deposits and withdrawals, I have a debit card issued to me by the bank. Traditional commercial banks charge more and perform less, this new bill makes me trust them less. Bitcoin is the alternative to traditional banks, you can save your money in Usdt or bitcoin. But how do we convert our bitcoin to fiat without raising red flags?

source

[Charles-Tim]

Bitcoin is the alternative to traditional banks, you can save your money in Usdt or bitcoin.

If even comparing naira to dollar, naira is worthless while there are many USdollar-pegged coins, but we should remember that tether is more than centralized becaue even on noncustododial wallet tether can be freezed, I am not certain about other fiat-pegged coins.

But how do we convert our bitcoin to fiat without raising red flags?

Doing below ₦5 million transactions.

CBN itself already mandated banks to report such transaction, Igehhh brought up the topic in the past, but single thread topics and discuss made it hard to find. But my opinion is that we should give what is Caeser to Caeser, we all know that naira is controlled by our government.

I hope this will not be used by corrupt EFCC officials to target some good citizens.

[Wiwo]

The government they make am hard for folk's you ,but we no gas get depreciated mindset.
Davido doing 20m giveaway nah crap, although na low key military government be this but we gats do something.
Omoh,like this is biafra come sef I go happy. My problem with them be say when Ken Saro Wiwa start this freedom Waka, the Igbos no put body support am, na why e dey pain me for them to talk say we be Igbos.
Thunder!    9ja go better,but e demand sacrifice, who go bell the cat ?

The 2rut be say 9ja we are too divided and the north dey force they self on other regions of the country, make I Chuck you Biafra an scam the movement were go change the faith of this country no be by war of weapon and killing but na war of ideology make we re negotiate and restructure the country, even the so called succession movement were Biafra dey talk restructuring go give them that answers na lack of knowledge never let them see the many advantage of decentralization of power. If we get strong regional government through restructuring 9ja don set be that.
 

  Banks to report deposits of more than N5m to EFCC

This is not new the anti money laundering act limiting individual transaction limit have been in practice for year's now check in your bank the notice is always there 5m 4 individual transaction and 10m for cooperate no be new thing and the government don use this thing limits the skale of private business and individual economic hustle.

[Charles-Tim]

If we get strong regional government through restructuring 9ja don set be that.

I too believe regional government will be the best, each states will be able to handle there resources than the federal government handling it. The Niger Delta people fought for themselves to control their resources but the federal government use upper hand and yet we are using oil that is refined from outside Nigeria, just an example.

This is not new the anti money laundering act limiting individual transaction limit have been in practice for year's now

You are right but this is new as EFCC will have to demand for information of who they are investigating rather than having the information directly now. This is privacy invasion if our data are more available to the public.

[CryptopreneurBrainboss]

The story wey you talk about paying for the gallon and using the filling station POS to do business behind the scene, shey na Buhari send them to do like that ni?
This we country dey always look for small opportunity to inflict pains on the lives of the common people. Everyone is ready to make money at the expense of others.

Make I explained something to you, the way people do things are directly related to how the government of the day are governing the country. Assuming things been dey good fuel no for rise and people no for use the opposite say fuel rise dey run other businesses. Forget the POS people, u no see others wey go buy the fuel in large quantities then wait for am to finish or dem close gate for stations the begin they resale at high price for others. Nigerian we just like to make profit for everything, e go hard before you see somebody do something wey e no dey profitable like charity etc. Even our own charity here get other motives like political ambition or fame.

They country hard so everyone dey find alternative ways to make money, you no hear say things dey cost. Taxi now na #100 for anywhere you dey go wey normally na #50 then dey collet before. Buhari na the worst thing to ever happen for Nigeria and probably the best as well so people go reason before dem vote another mumu as president.

[Anguwa]

  Banks to report deposits of more than N5m to EFCC

The economic financial crimes commission is a fraud institution. They ignore politicians who steal millions and billions of naira everyday right under their noses. They are only functional when it comes to the masses. The new bill states bank will reports any individual account that deposit more than N5m and N10m for corporate accounts. After so many years the same issues Baba Fela protested against in his time are still happening today. This bill is going to affect individual businesses, I normally use online banks for my large deposits and withdrawals, I have a debit card issued to me by the bank. Traditional commercial banks charge more and perform less, this new bill makes me trust them less. Bitcoin is the alternative to traditional banks, you can save your money in Usdt or bitcoin. But how do we convert our bitcoin to fiat without raising red flags?

source

This our Nija ehen, na only Baba God fit help and support we the poor masses. As this matter be like this na to they try move any money wey person get go crypto be that oo, one can keep USDT or any stable coin and also BTC as well. With time benefit or gain fit come self, if the market go up, but if person live his money in Naira for all those our commercial banks, they will keep removing small charges.

[Igebotz]

Bitcoin is the alternative to traditional banks, you can save your money in Usdt or bitcoin.

If even comparing naira to dollar, naira is worthless while there are many USdollar-pegged coins, but we should remember that tether is more than centralized becaue even on noncustododial wallet tether can be freezed, I am not certain about other fiat-pegged coins.

It all depends on what you want to do with it. If you are a short-term hodler or trader, you may wish to utilize USDT due to its low fees and great volume, but if you want to hodl for a longer period of time, you must use DAI stablecoin, which is the market's sole decentralized stablecoin.

But how do we convert our bitcoin to fiat without raising red flags?

Doing below ₦5 million transactions.

CBN itself already mandated banks to report such transaction, Igehhh brought up the topic in the past, but single thread topics and discuss made it hard to find.

This is different from what I posted in the past, it sounds similar but it's a different set of regulations entirely, mine was about CBN regulations and charges on daily deposits by individuals and cooperatives, this current CBN governor is so incompetent that all we see every day is ridiculous regulations to make life difficult for both local and international trades, how can you give EFCC incensed to watch individual finances? That's absurd; when did N5M become so large that it need investigation if it hits your account? The Lord Jesus Christ!!

[Charles-Tim]

It all depends on what you want to do with it. If you are a short-term hodler or trader, you may wish to utilize USDT due to its low fees and great volume, but if you want to hodl for a longer period of time, you must use DAI stablecoin, which is the market's sole decentralized stablecoin.

That is true, the gas fee could be high. But, is ethereum network transaction fee that high to the extent it can not be as low as bitcoin transaction fee? I am asking this question because some people are having the misconception of high bitcoin fee, but the last bitcoin transactions I made was with $0.05 fee.

I am not using ethereum, DeFi and other ERC20 tokens and NFT on noncustododial wallet, but I think ethereum and all these tokens daily transactions can cause congestion that might make ethereum network fee higher, but I do not know much about Ethereum network. But while using bitcoin people have the misconception of high fee but of which not.

This is different from what I posted in the past, it sounds similar but it's a different set of regulations entirely, mine was about CBN regulations and charges on daily deposits by individuals and cooperatives, this current CBN governor is so incompetent that all we see every day is ridiculous regulations to make life difficult for both local and international trades, how can you give EFCC incensed to watch individual finances? That's absurd; when did N5M become so large that it need investigation if it hits your account? The Lord Jesus Christ!!

You are right, that was what I meant too, that CBN even told banks to be reporting transaction above ₦5 million in the past (last year), just to answer the question SatoPrincess asked about it, that there has been nothing private at all even before. That is the reason I also replied Wiwo that it is new because our data is more to the public, I referred EFCC as the public, which is a means of how the government are enabling privacy invasion because EFCC suppose to demand from bank about this, not them having the data directly.

[Igebotz]

It all depends on what you want to do with it. If you are a short-term hodler or trader, you may wish to utilize USDT due to its low fees and great volume, but if you want to hodl for a longer period of time, you must use DAI stablecoin, which is the market's sole decentralized stablecoin.

That is true, the gas fee could be high. But, is ethereum network transaction fee that high to the extent it can not be as low as bitcoin transaction fee? I am asking this question because some people are having the misconception of high bitcoin fee, but the last bitcoin transactions I made was with $0.05 fee.

Remember we still have those who send Bitcoin from a centralized exchanges to their wallets with a ridiculous default fees set by the exchange, e.g Remitano and Binance charge $30 per txn, the highest gas fees I have paid on Mycellium wallet is 0.40 cent, I always go for the highest to get my coins within 15 mins. Bitcoin gas is very cheap nowadays.

I am not using ethereum, DeFi and other ERC20 tokens and NFT on noncustododial wallet, but I think ethereum and all these tokens daily transactions can cause congestion that might make ethereum network fee higher, but I do not know much about Ethereum network. But while using bitcoin people have the misconception of high fee but of which not.

Yeah it's always congested but the best time to make ETH thx is within ETH quite hour 9PM- 1AM it would save you a lot of txn gas fees. You can also monitor gas fees via https://ethgasstation.info

[Pokapoka124]

  Banks to report deposits of more than N5m to EFCC

The economic financial crimes commission is a fraud institution. They ignore politicians who steal millions and billions of naira everyday right under their noses. They are only functional when it comes to the masses. The new bill states bank will reports any individual account that deposit more than N5m and N10m for corporate accounts. After so many years the same issues Baba Fela protested against in his time are still happening today. This bill is going to affect individual businesses, I normally use online banks for my large deposits and withdrawals, I have a debit card issued to me by the bank. Traditional commercial banks charge more and perform less, this new bill makes me trust them less. Bitcoin is the alternative to traditional banks, you can save your money in Usdt or bitcoin. But how do we convert our bitcoin to fiat without raising red flags?

source

It's not only transactions it also entails if your account hold five million naira and above. Anyone who has more than 5M in holdings is a suspect of criminal activity. The politicians have structured this country to make sure the poor remain poor and the elites maintain their rule. Asuu is on strike, there is poor power supply, bad roads, insecurity, poor health care. I'm sick and tired of the thieves we put in Aso Rock.

[Maestro75]

This we country dey always look for small opportunity to inflict pains on the lives of the common people. Everyone is ready to make money at the expense of others.

Na this thing me deh tell people. Na we be our own problem. I sabi say government follow join but na we be the major part of the problem. Everybody deh take the other person hursle. Everybody eye deh red for money and that is why ritual killing full everywhere. No community love again. Na love for cash deh cap now. Every slight opportunity everybody wan use am enrich themselves. See wetin deh happen for fuel and diesel matter for our country now. Most filling stations deh lock up for day time but open for night so that they can sell black market price. Na we deh do ourselves.

[Igebotz]

It's not only transactions it also entails if your account hold five million naira and above. Anyone who has more than 5M in holdings is a suspect of criminal activity. The politicians have structured this country to make sure the poor remain poor and the elites maintain their rule. Asuu is on strike, there is poor power supply, bad roads, insecurity, poor health care. I'm sick and tired of the thieves we put in Aso Rock.

Please this is a public place let's try as much as possible to pass the legitimate information to the public I know we are all going through a lot, 2022 has been a difficult year not only to our country but the whole world, I've read the whole new amended ACT which says and I quote.

The Senate Wednesday passed a bill to amend the Money Laundering Act 2011 seeking to make it mandatory for banks and other financial institutions to report, in writing, to the Special Control Unit Against Money Laundering under the Economic and Financial Crimes Commission, any single transaction or lodgment in excess of N5m for an individual and N10m for a corporate body.

Senate Mandates banks to report deposit above N5m to EFCC

It means that if you deposit N4.999m you are safe and still within the law but if you deposit N5m in a single transaction you will be reported to EFCC for query it's a normal bank procedure everywhere. The government will always watch you.

[Doan9269]

The economic financial crimes commission is a fraud institution. They ignore politicians who steal millions and billions of naira everyday right under their noses. They are only functional when it comes to the masses.

That thing dey pain me ehnnn so teh you go see an ordinary poor man stealing a fowl and they will jail him while the useless politicians embazzling millions and the law is never against them.... kontinue diaris god ooooo

The new bill states bank will reports any individual account that deposit more than N5m and N10m for corporate accounts. After so many years the same issues Baba Fela protested against in his time are still happening today.

I swear na 4 hia gbege go dey o ..... do det tink we no fit run millions, abi dey tell dem say e no go better for us too, well na dia wahala be dat, tank god for btc p2p wey dey unlimited, you cant even believe they go to an extent of creating banks for themselves when the poor are dying, Fela tried his best but the world turn a deaf hear to him, now Satoshi is here again and has brought us liberty and freedom to financial challenges, many are still doubting.