A Statement Of Millions: Flagged Off For Crypto Irregularities
The Downside To Being Enlightened
Living in an economically clueless country and having knowledge about Crypto is like being one-eyed in a country of the blind, this means that one is a beacon, you're not totally subjected to poverty. You might not be rich, but your lifestyle, your purchases, your online activities often reflect a difference. In a situation where others might settle for an $80 job in a month, you'll rather not and rather choose to be home channeling that time differently.
Listen, the system is not blind, people are meant to experience the full force of the ailing economy. Statistically, Nigerian citizens should be the poorest especially if you graphically compare them with probably South African citizens (due to the fact that the latter arguably has even more opportunities provided by their government, yet many are still poorer and unemployment despite a favorable system). It's per capita income of people should be nothing to write home about, since there isn't even a means, not to talk of a metrics to measure in a monthly intake.
The thing is, naturally the economic conditions should be way worse, some people should feed from hand to mouth, while others ought to be banging on the doors of cooperate organizations to at least give them jobs no matter the terms and conditions. However, this isn't the case, Nigerians are building houses on a daily, more people are leaving the country and becoming millionaires as a result of the even better structural framework of other countries.
There's no country in the world without a Nigerian citizen, and traveling out of the country in Search of a favorable system is one of the ways through which people bypass the Nigerian economic nightmare. Another way is through creative innovations and entrepreneurial success. Lately it's been the sophistication of crypto, which is currently being banned. This means that law enforcement agencies are the Hawkeye of the government. They track people who seem to living admirably well beyond having a $100 job and having a large family to feed.
The "Spot & Delete" System
These law enforcement agencies themselves have turned monitoring the financial cycle of Nigerian people who should be wallowing inside abject poverty to a sort of money laundering schemes to raise money to be shared through the hierarchical structure of the Police force. The central banks of Nigeria for example is monitoring the daily cash inflow of every bank account especially if the person seem poor, not holding any government positions or having a huge business that can physical account for all that money.
In fact, this is done by assuming that a regular income earner of maybe $120 a month should have a daily limit of transaction, since they're not earning much. However, when you begin to transact $1000 or $1500, it becomes an anomaly and raises a red flag, which makes your account flagged off as a crypto trader and hence your account will be locked up, closed entirely.
In an entirety, being financially free away the system equates you to crypto. The government believe that crypto is the only thing that can make people suddenly rich. The central bank have now gone on rampage, instructing many commercial banks to close down the bank account of people for supposedly being "too rich" beyond what the system can offer or provide. People should be able to fight this show of totalitarianism, but then again, the government is the most powerful institution without being subjective to questioning.
This is why I think that people are vulnerable no matter how Financially free they are, due to Crypto or due to other means. The focal point here is that Crypto brings a certain feeling or sense of financial freedom, and this is an invulnerability to an extent and can become an undoing. It's a problem to rich, which means the only way to be rich, is to actually be rich, however without it reflecting through the banking system.
Staying Of The Commercial Banks Radar
The government is now using the banking system to check for people who are inexplicably rich and out of proportion. This is possible because many Nigerians who have been made rich through crypto flaunts these wealth through the bank statements, making them an easy catch for the government. Crypto is an act of expression, but it has created an illegal impression on the government, automatically making every holder a criminal. Take for instance a woman with a business worth of $500 brandishing an account balance of $4000, possibly made rich through Shiba Inu or so.
This is why people should stay off the radar of the system. Politicians are laundering money everybody through third-party family members on a daily, yet there are no laws set in place to catch these people. The system makes legal people seem illegal, while it does the opposite to people who are truly illegal. Stay off the rather by limiting your ostentatiousness, put your money in a system as Hive, government officials will easily spot out figures on binance but see hive as a regular social media. Opt off of the system's radar and live smartly and very carefully
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Wait o. Is it the system that will determine how rich someone should be? Or is it that underpaying jobs they want people to rely on? Jobs that they can't even provide.
Mehn, which way forward bro?
The system shouldn't determine how rich someone should be, but the way it's going in Nigeria, the system actually does. People cannot be richer than the unemployment and terrible economic conditions else, they'll brand you a criminal and this is exactly what they're doing to people in crypto
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Exactly...We need to find ways to scrape out those 18 century mental leaders. They are actually drawings the country backwards instead of otherwise.
Unfortunately we cannot even do that for so many reasons one of them being that we're too powerless to actually enact change through democracy, since it has been tainted and of course corrupted and manipulated.
Yup, all the policies they enact and changes they do is just to favour themselves leaving the poor masses dangling. Anyway, I hope someday, things will eventually turn around. I might not be in our generation though.
They specifically said people from 18-30. They want them to be driving keke napep up and down loool
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Lol, driving keke up and down? While they are looting at the top without anyone arresting them. It's well.
Drive keke, sell suya or be doing "oga I'm loyal" for them. That's what they expect from all of us
This sounds so similar to how the US wants to mark everyone who transacts over $600 or so. I am really hoping it doesn't go that far for the US though.
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I think it'll be difficult to do that in the US seeing that such an attempt might need to pass through a lot of bills or through Senate or something like that. Unlike in Nigeria where it'll pass without any attempt at stopping it.
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This was what I was telling myself the other day. 😂
What were you telling yourself the other day?
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That I shouldn't look at numbers. I mean sometimes, numbers lie...(to me). So when i take my eyes off the when i get hit with the how.
May God help us
Amen
You know, reading the post, I caught myself thinking that the same thing is happening in my native country! This is Belarus, next to Russia. That's why I'm in Russia now, but you know, things are moving in the same direction here, the stranglehold is getting tighter.
In my homeland, they will also knock on your door, perhaps even at night, if there are transfers in the region of $ 500. Yes, and salaries, you won't believe it, $ 200 is almost a rich mister!
God, we didn't get far... And this is the center of Europe, man!
This is definitely funny, I use to think it's only in Nigeria that these kind of things happens but it's not just here. I thought belarus should be a country where people can become capitalists as well as have a thriving business. Its a pity
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It's a pity, Belarus is under the influence of Russia today, and in Russia, too, everything is not so promising in the future…
It is only in our hands to change this!
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Every day a Nigerian citizen wakes up in Nigeria, it is one brouhaha or the other... If it is not law enforcement against the people, it's the people against each other or as usual the government against the people. It is honestly super exhausting.
Evidently, the laws are meant to be enforced on the poor, protect the rich, and manipulate the system. We suffer from anarchy in Nigeria sadly.
My family & I decided a while back to save our funds in discrete alternatives that do not involve the bank.
Thank you for torch-lighting these imperative issues we face in Nigeria.
Nigeria is the definition of a failed system and in a system thats not structural, the law of course wouldn't be practically uniformed especially when it's meant to be enacted. This is why the rich in Nigeria are immune to embezzlement and thievery laws in the state but exposed especially if they go to another country. Anyways, the closure of people's bank account due to Crypto has basically continued and im thinking, its only a matter of time before it gets to everyone. Its a serious issue.
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It truly calls for concern and strategic planning in the light of these developments.
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But in a situation whereby we need real cash to pay some bills, how are we going to do it? We still need the banks to help us covert to real cash. This is extremely difficult, while other countries are adopting crypto, Nigeria is banning it citizen from it. I wonder if this so called government pass through school 😑. They are only concerned about themselves, the sad part about it is that we can't do anything about it, if we try to talk they kill us 😭.
Only God can save us from this country 🙏
Don’t worry, in time we will start paying for goods and services within ourselves with crypto. They are removing fiat with their own hands they will see
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There is no way these government will not piss the youth off again, I don't understand this country.
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It's even more than pissing them off, it's gotten to the stage of rendering them jobless and unable to actually feed or take care of themselves. It's a horrible situation
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I can't say this enough time, FUCK THE ENTIRE GOVERNMENT". They want all of us to depend on their crumbs and stay poor, so they can manipulate us to their whims.
It's evident they want us to still be dependent on the system and it's totally becoming unusual, government's all over are using whatever platform to better the lives of thir citizen, in Nigeria it's obviously the same. God help us.
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