EFCC, Court Freeze N548.6 Million Belonging to ByBit, KuCoin 9ja Crypto Users.

[Mr Reporter]

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has secured an order from the Federal High Court to freeze N548.6 million in bank accounts belonging to suspected crypto users on platforms like ByBit, KuCoin, and others, over their alleged involvement in naira fluctuation activities.
The motion, dated September 3, 2024, which the court relied on to freeze the funds, casts a fresh spotlight on major foreign crypto platforms, ByBit and KuCoin, accusing them of aiding the devaluation of the Nigerian currency.

I been think say this wahala done stop since I wasn't hearing much concerning this matter anymore but yesterday, this news comes my feed and it got me worried because innocent people go also follow for this case. E no get how you go tell me say everybody that was involved is or was a crypto P2P trader. This one they also means say we self no safe again as we dey trade with this merchants them and as we dey advice make you no leave your crypto for exchange, e belike we go add no leave too much Naira for bank too oh because I no understand where this country they head to. Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

If you take look at all this matter all na just greediness because if you take look at why the government dey do this kind thing you no go see any good reason, I don even forget about all this thing's wey be dey happen since past months now and I see this news now I come dey think say our country will never change and all this thing no pass greedy because I don't know waiting cryptocurrency or p2p dey cause for naija, some times they will say dollar wey rise and even if dollar come down the price of the things go still dey high.

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.

[SatoPrincess]

~Snipped

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.

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.

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.

[Nangiconference]

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?

[CryptSafe]

~Snipped

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.

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.

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.

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.

[Marykeller]

Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

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

[Proty]

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.

[Ruttoshi]

~Snipped

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.

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.

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.

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.

[Antotena]

I been think say this wahala done stop since I wasn't hearing much concerning this matter anymore but yesterday, this news comes my feed and it got me worried because innocent people go also follow for this case. E no get how you go tell me say everybody that was involved is or was a crypto P2P trader. This one they also means say we self no safe again as we dey trade with this merchants them and as we dey advice make you no leave your crypto for exchange, e belike we go add no leave too much Naira for bank too oh because I no understand where this country they head to. Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

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.