Bitcoin fraudulent activities in Nigeria

[Gideon66]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

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[rachael9385]

Yes you are correct, fraud has been one of the major issues in this country and it's becoming so worse that it's even mollycoddling the image of the country (Nigeria), However, Nigeria is not the first country to start this fraud stuff but the way the new scammers are all over making it look as if Nigeria is the only country that does fraud, like in those days, scammers are the matured men and women but still it wasn't so popular to the knowledge of everyone.
Well, the government can not stop fraudulent act totally in this our country (Nigeria) but I believe that they can be able to do somethings that might reduce the fraudulent act.

[DaNNy001]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

My broda fraud dey everywhere and I know why people wey dey this naija dey always think say Nigeria nai do fraud pass. For my thinking, I actually think the motive that first lead to Bitcoin being ban, no be even the issue of fraud because I believe say the matter dey related to the fact  say these government dem no fit track and tax the use of Bitcoin in the nation since at that time the technology was still new to them but with recent development the new government seems to be kinda creative when it's comes to matter of such.

[Obim34]

Make we no only include Nigeria for this kind matter, omor countries choke wey pass Nigerians for the table. I know normally scams from 9ja they and i no go like call names of those countries sha, tho but I no dem. if u want comfirm check the Bounty section of this forum and you will see a lot of scams there, I took my time going through those bounties and checked their telegram groups and non where pro active as legitimate, too easy to fish them out and I can also tell they are not Nigerians even from their writings

[Mayor of ogba]

Op, crypto fraud dey common for the world but I no know why Naija own come full market. This crypto fraud thing done makes so many of our Naija youths no dey listen to advice, when you tell them to look for legit ways to make money they go see you as a person way no want make am for life and them go still tell you say legit no dey pay for this Naija.

This have lead to the scrutiny of crypto government have warn against cryptocurrency investment.

No be crypto fraud makes the government ban to use of banks to make crypto payments for Naija, government see say crypto done dey help some citizens of Naija dey alright and them no go depend on government policy again to survive for Naija. So the only way for them to put sand sand for our garri is to ban banks not to accept the deposit and withdrawal of fiat for crypto platforms.

[Makus]

Actually no be our own bad pass, other country dey way dem nor dey even pity their victims, dem go just hack very important data from their target then start to dey black mail dem to pay some huge sum of money, make e nor be like say I dey carry talk anyhow click HERE you go see how frequent wey news dey carry Russia their matter for head because their hackers na dead. Dem get very good programmers wey sabi hacking, na even from dem I get the info say dem dey use some kind links wey u go just click take inject some virus into your system, and from there dem go bill you to pay some amount of money before dem go send you antivirus wey you go use take remove the virus, most of their target na for things wey get beta monitory value, naim make dem dey always dey advice make we nor save our private key for any thing wey dey use internet connection.
And all this crypto scam issues na why I dey always advise make any body wey won enter so beta reading and study before em start, person wey learn about Bitcoin and crypto well no suppose make any silly mistake to go store em private key for phone or laptop.

[Asiska02]

Nigeria has been the hub for cryptocurrency in Africa and that has made many young Nigerians find a means of livelihood through it by leveraging on the many opportunities that this cryptocurrency investment provides. Scammers and fraudsters are now finding shade in this technology to hide from their illegal activities, this negativity shouldn’t be allowed to brainwash you into not learning about bitcoin technology. As a very good investment, their will always be people that always looks for the disadvantages and not putting the advantages into consideration despite it showing signs of positivity and productiveness to the society.

[Samlucky O]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

Crypto fraud dey all over the world but our own Dey always dey our body. Anything wey come Nigeria dem go do am sotay e go turn to something else. Nigeria dey smart but Dem dey always misuse that smartness. Instead of us to use am wisely  to invent useful things, them go use am dey scam people.

Na this kind things naim make many people dey fear anything online business. I ask person last week say him know about Bitcoin? Him tell me say abeg make I forget all those online scam platform, say na wetting Yahoo boys dey use cash out. Abi I don join them? Because him dey observe me lately say I too much dey press phone. Emagine that mentality about Bitcoin.

[adultcrypto]

My broda fraud dey everywhere and I know why people wey dey this naija dey always think say Nigeria nai do fraud pass. For my thinking, I actually think the motive that first lead to Bitcoin being ban, no be even the issue of fraud because I believe say the matter dey related to the fact  say these government dem no fit track and tax the use of Bitcoin in the nation since at that time the technology was still new to them but with recent development the new government seems to be kinda creative when it's comes to matter of such.

No be lie my broda,  that thing call fraud dey everywhere but you see this Bitcoin, e make am hard to know who dey obtain you. If person chop you mugu through bank account, at least you fit know the name wey you go carry go ogu or Shiloh. But how you can take call Bitcoin wallet for prayer? E no easy my brother.

Make we for dey use sense dey follow things for Internet o, fraudster plenty everywhere and everyday na different formats them dey carry come.

[gabbie2010]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

Even before Bitcoin fraudulent activities had been going on in the country the so-called Yahoo yahoo boys uses Western Union Money Transfer to receive funds, some of these guys colluded with some bank officials to recieve funds and some also recieve vital customers information thereafter steal their funds so tagging Bitcoin with fraudulent activities is just like painting it in a bad light, though those fraudulent means of stealing funds from unsuspecting individuals increased when the Bitcoin adoption increased and it's unfortunate that some newbies felt to the tricks employed by those scammers in stealing their funds or stealing their keys and consequently withdrawing all their funds.

[Gideon66]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

My broda fraud dey everywhere and I know why people wey dey this naija dey always think say Nigeria nai do fraud pass. For my thinking, I actually think the motive that first lead to Bitcoin being ban, no be even the issue of fraud because I believe say the matter dey related to the fact  say these government dem no fit track and tax the use of Bitcoin in the nation since at that time the technology was still new to them but with recent development the new government seems to be kinda creative when it's comes to matter of such.

I know bro but Nigeria has been know for fraudulent activities any body online and you just mentioned Nigeria they begin to see you as a scammer

[Mr.suevie]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

My broda fraud dey everywhere and I know why people wey dey this naija dey always think say Nigeria nai do fraud pass. For my thinking, I actually think the motive that first lead to Bitcoin being ban, no be even the issue of fraud because I believe say the matter dey related to the fact  say these government dem no fit track and tax the use of Bitcoin in the nation since at that time the technology was still new to them but with recent development the new government seems to be kinda creative when it's comes to matter of such.

I know bro but Nigeria has been know for fraudulent activities any body online and you just mentioned Nigeria they begin to see you as a scammer

Yeah that's true and it's because of the sentimental view of some white folks over there and you know one thing, Nigeria is a very prosperous nation and our dominance over there is also greatly felt because I believe there are Nigerians  in almost all the areas and sector of work in major countries overseas and to be specific, the united state, UK and some European countries.

There is no nation in the world today that can't attest to a certain degree of fraudulent activity although Nigerians have been painted vividly in the world on this part but there are also Nigerians in almost all the world doing exceedingly well and these good part is covered because of the scam nation title they have already tagged us.

[Miles2006]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

Firstly you mentioned Facebook, Instagram and other social platform like whatsapp, but at first why will a normal person take an investment advice from a social platform, why we hear issues like scam people fail to listen, avoid social platform when it comes to an investment matter and bitcoin is an investment people know with high profit in return. This thing dey for fiat too just because they want fast and quick money.
Secondly you mentioned because of the scam rate in crypto(bitcoin) government has urge people to stop investing in bitcoin, the naija government wey I know? Them no dey see you sef them no dey reason person matter. Any decision our government make about bitcoin is for their own benefit not ours. They don't want to loose control and they don't want their currency to loss value because if government make bitcoin there legal tender I give this country just two month people go adopt bitcoin

[letteredhub]

When they talk about internet fraud most Nigerians do think that Nigeria is the worst country with internet fraud and this mentality is  drawn from the limited scope they have that's just revolving around their immediate milieu but when you're exposed to the knowledge about the outside world you get to read and know about events happening in the outside world away from your own country and with a comparative analysis you arrive at the understanding that your country is the least among country with fraudulent internet cases. However am not exalting what it's been done over here in our country by these fraudsters because crime is crime no matter the level, but making it sound like Naija is the worst is not true.

[Mate2237]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

Correct the bolded word. In the introduction of bitcoin in the country scammers has started using it to deceive people though at first they could not used it to scammed anyone until people became to kno the real important of the coin and from there the people that were inquisitee to buy and invest in it were scammed. At that time they used it as ponzi scheme and many with the hope of getting big amount of money started to invest and lost their money.

And that is why it is not every investment platform you see in the internet is trustworthy to invest in. Well as for me I dont know how people dey see the inflation with bitcoin. Me, I never see bitcoin dey reduce or control over inflation.

[Roseline492]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency.

Yeah actually scammers really shake things a lot then, and one of the reason why so many people falls victim was because of the interest they have on crypto but however nobody to mentor them on the ways to go about it, so they just rushed into it thinking it was a legit business and later on run they realize it was a scam.

I was actually a victim ones on telegram, I saw a pump signal trend were they give signal to buy a certain coin and make huge profits, so I joined the group and check there past signal and I saw that it was accurate so I decided to buy there next signal so after I bought when I tried selling back it wasn't working, that was when I new it was a scam and till now the coin is on my wallet.

[Onyeeze]

In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.

Wetin una dey cap self, you e no no say this place na local board na things like this wey you suppose to cap you guys abi you no no say other people dey see wetin you dey write, you dey expose nigeria you yourself you don see country wey dey good or country wey scam no dey, if una wan cap make una cap well and something wey go enter brain no be something wey go dey spoil ear, you don enter all this foreign countries you no see scam wey their people dey scam, for me somebody never scam in nigeria before and if they have scam me before me go agree with the matter wey you bring so, but make I cap you well, no dey carry can matter dey come here because this place na eye witness everybody dey see your capins

[Justbillywitt]

Why I frown against any form of fraudulent activities by the Nigerian youths and their modes of operations. This has totally given the country a bad reputation in the international community. Although this not only peculiar to the Nigerian community. There is no country in the world that does not do fraud. But I don't think Nigerian government is fighting crypto because of the fraud associated with it by few individuals. Generally Nigerian government doesn't like an avenue where the youth of the country are meeting their financial needs. To me their are against crypto because they think it will affect their other forms of investment and the youth wont be depending on them any more. You know say our politicians dem dey like make youth dey continue to be their errands boys and whistle blowers on who is not supporting them. Normally them know say the more them keep the youth in poverty the easier e go be for them to win election. Na poverty dey make boys they go carry ballot boxes during election. Secondly the youths were not saving their money in the banks any more and the government saw this as a treat to them. You know say na youth plenty pass for this country. So I don't think it's fraud that is making the Nigerian government fight crypto in Nigeria. There is fraud in every aspect in the country.