P2P Trading in Nigeria: You fit lose money when you nor do any bad things?

[casey15]

I see this post on X where people say bank freeze their account after they receive money from P2P transaction. The one wey really get me be say according to the post, the person do P2P with him okay and then them restrict him account saying the money wey him receive na fraud money.
The money de involve with fraud of about 4billion and them don share am across different banks. My own na because say why them nor hold the funds the first time wey e enter the main fraud account.... maybe them be never investigate, so when them find out, wetin make them nor contact bybit and also freeze the money from bybit because right now na innocent Nigerian wey nor even know anything they collect the punishment.
Them say e fit go challenge for court or refund the money.. so if him return the money, wetin him go gain in return, funny how be say nor be only him don get the experience. All these things na dey make centralised exchange dey somehow. I get say them dey try protect the victim of the fraud, so what about these other victims wey there acc don dey restricted.
How Una think say this thing fit take resolve, because crypto don already get him own risk and now person go come still dey fear P2P vendor make him nor go receive fraudulent money... Because in the end na him go lose..
.Any body for the forum don experience this kind thing before?. So many questions still dey wey never make the matter clear sha. but wetin Una think sha

[Bitcoin-Forever]

Isn't this sudden amount of money questionable to be sincere? How on earth can someone just land with four billion in his account, and you expect the financial institution not to investigate the source of that money?

If I were him, I wouldn't be that daft as to have converted all this money into Fiat currency; instead, I am going to just use an instant swap to have them in other coins in cryptocurrency and hold them in my wallet, or invest in Bitcoin and have the coins in a non-custodial wallet, rather than exchanging everything into local currency, which raises suspicious alerts.

[casey15]

Isn't this sudden amount of money questionable to be sincere? How on earth can someone just land with four billion in his account, and you expect the financial institution not to investigate the source of that money?

If I were him, I wouldn't be that daft as to have converted all this money into Fiat currency; instead, I am going to just use an instant swap to have them in other coins in cryptocurrency and hold them in my wallet, or invest in Bitcoin and have the coins in a non-custodial wallet, rather than exchanging everything into local currency, which raises suspicious alerts.

Not the victim... The total amount of fraudulent money is the 4 billion... So the 300k is from the 4billion which has already been scattered across 21 different accounts. The person complaining has no knowledge of the 4 billion You get now??

[Livingleged]

Personally bank never freeze my money before say I receive bad money from p2p but I don hear different people stories about how bank they freeze their money from P2P. For me no be anybody I see for p2p zone I they trade funds with, I must check your numbers of successful orders and if e no dey above 98% completed order I no go follow you trade. I no dey receive money from p2 p for any of my bank account but other fintech company like OPay or PalmPay I feel they are easier and do lot freeze suspicious transactions like how banks act so fast. I believe Na why I never get this kind experience from trading on p2p before.

[Curious T]

My own na because say why them nor hold the funds the first time wey e enter the main fraud account.... maybe them be never investigate, so when them find out, wetin make them nor contact bybit and also freeze the money from bybit because right now na innocent Nigerian wey nor even know anything they collect the punishment.

Whenever I hear stories like this, I always think this. The stolen money was in an account, and it was in an account in a Nigerian bank, so why didn't they freeze the account since or stop him from transfering any money out of the account? So what if he launders the money somehow or withdraws it through various POS? What if he even uses the money to buy crypto from services like MoonPay? It doesn't make sense. How will they punish the people who receive money from the bank when they know that it can be anybody? So they mean that if he buys things from a shop or business worth two million and he makes a transfer, they will punish the business owner? It's a very silly system.

Them say e fit go challenge for court or refund the money.. so if him return the money, wetin him go gain in return,

That court own na long talk. If e wan carry that matter go court, he go spend pass or almost that 300k, so need no really day. Anyhow he wan do am, he dun lose that money be that. Mkae he just give permission for the bank to transfer the money back and make he make complaint for the exchange wey he do the trade.

[Out of mind]

Personally bank never freeze my money before say I receive bad money from p2p but I don hear different people stories about how bank they freeze their money from P2P. For me no be anybody I see for p2p zone I they trade funds with, I must check your numbers of successful orders and if e no dey above 98% completed order I no go follow you trade. I no dey receive money from p2 p for any of my bank account but other fintech company like OPay or PalmPay I feel they are easier and do lot freeze suspicious transactions like how banks act so fast. I believe Na why I never get this kind experience from trading on p2p before.

Many times, bank accounts are frozen due to fake money during P2P transactions, here many ordinary people suffer punishment for doing this transaction. Of course, you deal with experience, due to which you will still face such punishment, I also do not like dealing with everyone. Since you deal with P2P traders whose ratings are very good and they have traded a lot, the possibility of such fake money is less if you deal with 98% rating accounts. Many times, when using a bank account on P2P, you have to face such problems, but I have not faced this type of fraud so far, basically I use these companies like you, it is easy. However, I have also dealt with bank accounts through P2P but my account has been fine so far. That is why every person should not make transactions only by looking at the high price, many times fraudsters commit fraud, due to which ordinary people are seized. Therefore, in transactions, experience should always be done with it, of course, ordinary people often face punishment due to such fraudsters.