[Crypto] crypto trading being used to fund terrorism, EFCC tells Nigerian youths

[Igebotz]

The EFCC chairman said our crypto are being used to finance the country's terrorism - I couldn't wrap my head round the whole thing because it's kind of weird for someone who has been in the financial sector to think this way. The young people in power are even worse than the old fashioned politicians we criticize daily.

When the SEC and the EFCC positions were appointed, we all thought it was a way to financial freedom for the youths since these positions are occupied by the youths. Instead we're on the knife here.

Some of you are aware of our activities in the area of investigating virtual currency trading and the likes of cryptocurrencies,” Olukoyede said.

“They are potential platforms to fund terrorism. A lot of us don’t understand that. Some of our discoveries during investigation of some of these platforms were mind boggling.

“We thought Binance was a major one. Yes, it was. We are prosecuting them. But there are other platforms we have discovered.

“They used some of these young men. Some of them don’t know that the people who gave them money to trade are people who fund terrorism.”

The anti-graft agency chief also noted that there is a need to adopt technology in tracking money used to fund terrorism in the country

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[Aanuoluwatofunmi]

I wont blame the EFCC because they are only being controlled by the government that put them in office, instead of them to be busy going after the financial embezzling politicians, they are busy running after the innocent Nigerians who are involved on making trades thinking they are using crypto as a covering to financial fraud, whereas what the people want is financial freedom, they have seen bitcoin as an alternative means for survival in which governments cannot provide such opportunity for them.

[Sim_card]

Nigerians are copy cat and they have started following and saying what the US government use to tell their citizens for the reason why they are bringing down mixers, but he twisted it the other way round because he knows that Nigerians don't use mixers. Before cryptocurrency came into massive adoption by Nigerians, was there no terrorists. Chiboke girls that was kidnapped and we did not see all of them till today, was it crypto that was used for payment. Boko Haram has being into existence since 2009,was it cryptocurrency that was used to fund them. Fuck the government and their low mentality on technology. Incompetent people in our offices will lead to system failure. No matter the fight against exchanges by the government, crypto have come to stay and the rate of adoption will keep on increasing in Nigeria until the government see that there is nothing they can do to stop citizens from using it and they will accept whatever comes out from the crypto space.

[Igebotz]

I wont blame the EFCC because they are only being controlled by the government that put them in office, instead of them to be busy going after the financial embezzling politicians, they are busy running after the innocent Nigerians who are involved on making trades thinking they are using crypto as a covering to financial fraud, whereas what the people want is financial freedom, they have seen bitcoin as an alternative means for survival in which governments cannot provide such opportunity for them.

EFCC is independent institution, I'm not sure the Govemment official or top officials are influencing their decisions on this very "Naira" project, it's a simple case of ignorance from the SEC and CBN. The EFCC are only acting on their ignorance decisions on the CBN Governor.

Nigerians are copy cat and they have started following and saying what the US government use to tell their citizens for the reason why they are bringing down mixers, but he twisted it the other way round because he knows that Nigerians don't use mixers. Before cryptocurrency came into massive adoption by Nigerians, was there no terrorists.

If CBN and SEC were going against mixers it would be understandable just what the US Govemment are doing although I totally condemned the fight against privacy but the Nigerian government are fighting the opposite. Going against CEX exchanges is stupidity.

[Agbe]

When people were saying that Nigerian government doesn't know anything about cryptocurrency I was disagreeing with them but with this news I can see that they are fighting blind war and they don't know what is cryptocurrency. They are not even doing any investigation before stopping the p2p in the country and how cryptocurrency investment and transaction is used to sponsor terrorism in the country. And that is to say that dey don't even know what they are doing. They are really confused of what to do know.

[Rruchi man]

When the SEC and the EFCC positions were appointed, we all thought it was a way to financial freedom for the youths since these positions are occupied by the youths. Instead we're on the knife here.

They are youths, but they are fruits from the same bad tree.

The EFCC chairman said our crypto are being used to finance the country's terrorism - I couldn't wrap my head round the whole thing because it's kind of weird for someone who has been in the financial sector to think this way.

It just shows how foolish these people are or how foolish they take us to be because long before cryptocurrency, there has always been terrorism, and terrorism and its activities have always been funded, so now why blame it all on crypto?

[SmartGold01]

Those politician who are looting money are not being tracked is only the innocent citizens they are being tracked, in fact i don't know what kind of government we have. Trillions and Billions are being looted all time but no single track or no concrete investigation but I am still shocked to see that they want to enslaved everyone and want themselves to be on power where they would always wants to detects for the youth. And again I will say they are working under instructions and they don't have their personal decisions.

[Agbe]

Those politician who are looting money are not being tracked is only the innocent citizens they are being tracked, in fact i don't know what kind of government we have. Trillions and Billions are being looted all time but no single track or no concrete investigation but I am still shocked to see that they want to enslaved everyone and want themselves to be on power where they would always wants to detects for the youth. And again I will say they are working under instructions and they don't have their personal decisions.

The EFCC chairman wey talk this thing e no dey qualify to be in that position because that statement can only come from an illiterate. When cryptocurrency never come to this Nigeria na weti dem dey used dey sponsored terrorism. All those people dem dey talk all dis nonsense to remove cryptocurrency from the country. Buhari banned crypto but people were using it and now di nonsense hopeless government dey fight with exchanges. No worry dem go confirm di ododo from Nigerians with cryptocurrency. Now today dem don confirm say, Nigerian Youths don go hit jackpot with Notcoin. Now everyone dey Tapswap token. The next presidential candidate says is coming will support cryptocurrency.

[SmartGold01]

Those politician who are looting money are not being tracked is only the innocent citizens they are being tracked, in fact i don't know what kind of government we have. Trillions and Billions are being looted all time but no single track or no concrete investigation but I am still shocked to see that they want to enslaved everyone and want themselves to be on power where they would always wants to detects for the youth. And again I will say they are working under instructions and they don't have their personal decisions.

The EFCC chairman wey talk this thing e no dey qualify to be in that position because that statement can only come from an illiterate. When cryptocurrency never come to this Nigeria na weti dem dey used dey sponsored terrorism. All those people dem dey talk all dis nonsense to remove cryptocurrency from the country. Buhari banned crypto but people were using it and now di nonsense hopeless government dey fight with exchanges. No worry dem go confirm di ododo from Nigerians with cryptocurrency. Now today dem don confirm say, Nigerian Youths don go hit jackpot with Notcoin. Now everyone dey Tapswap token. The next presidential candidate says is coming will support cryptocurrency.

I think they are hopeless and don't know where to channel their efforts and problems to because when you see as the country dey go you understand say them wan just frustrates themselves since they see that the youths are making waves even without them sorting for the youth people. This cryptocurrency is now there major target to make youth handicapped and to start begging after them, I believe if they allowed PO to rule something better could had came out of our country now than what we are seeing currently.