How Nigerian techies wired Sh276bn without CBK nod

[Nowayhaha]

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https://nation.africa/kenya/business/how-nigerian-techies-wired-sh276bn-without-cbk-nod--4109604

[RV Pundit]

Eventually kenya will get banned..lots of Nigerian using Kenyans PayPal and card fraud..CBK should monitor any money going to Nigeria from kenya.The Nigeria uses bitcoin to buy stolen credit cards from Russian hackers..then transfer the money to kenya
 PayPal or kenya bank account or mpesa...then finally it land in Nigeria. Soon kenya will show up as destination for stolen card money...we get banned.

[Nowayhaha]

Onething this Governor has been steadfast on is Money laundering. Lots of Kenyan ravers are in Credit card fraud. Usually Interpol will give them time until they enmass loot and identify a Kingpin and come him.

 

Eventually kenya will get banned..lots of Nigerian using Kenyans PayPal and card fraud..CBK should monitor any money going to Nigeria from kenya.The Nigeria uses bitcoin to buy stolen credit cards from Russian hackers..then transfer the money to kenya
 PayPal or kenya bank account or mpesa...then finally it land in Nigeria.

[RV Pundit]

I don't think there is Kingpin..its mostly peer to peer..Nigerians looks for Kenyans who accept to sell or lease their PayPal..or give them stolen credit cards to shop online with them..then wire the money to Nigeria after deducting their commission. I guess flutterwave was the main app for doing that.So yes killing flutterwave is one big move....see all those billions.Nigeria is generally banned from online transactions

[Nowayhaha]

I don't think there is Kingpin..its mostly peer to peer..Nigerians looks for Kenyans who accept to sell or lease their PayPal..or give them stolen credit cards to shop online with them..then wire the money to Nigeria after deducting their commission. I guess flutterwave was the main app for doing that.So yes killing flutterwave is one big move....see all those billions.Nigeria is generally banned from online transactions

[RV Pundit]

The European Union confirms Kenya is on the money laundering watchlist and risks being blacklisted in the international market with foreign investors taking a flight. Won't be long before Hanyinya National Irrigations Board (HNIB) accuses them of undermining Kenya's sovereignty.

— Gabriel Oguda (@gabrieloguda) February 3, 2023

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[Georgesoros]

I could rather they scrutinize this heavily instead of doing nothing. Omollo was here the other day complaining about $10k limit by central bank  and then you see this crap???