NIGERIAN GOVERNOR USES BIT COINS TO STEAL $1 MILLION IN THREE MONTHS

SHOCKER!!!

NIGERIAN GOVERNOR USES BIT COINS TO STEAL

$1 MILLION IN THREE MONTHS

BY ABDULMUMINI ADEKU.

A Thieving Nigerian Governor still in public office as at now is believed very strongly to have used Liberty Reserve  to wire at least one million dollars to an undisclosed off shore  location as at press time.

In an exclusive investigations by the News office Desk of Paedia Express Multimedia in Lagos,Nigeria ,it was discovered via an impeccable source that the politician actually used to wire the money how some Nigerians had being doing brisk business with the online financial product.

The source said that Liberty Reserve which the politician used for what is most likely  to be a scam over a period of three months was the predecessor to Bitcoins   before the bubble busted as other products like paypal  and web money have also being widely used by consumers

 globally.

He said that it was imperative to warn the consuming market about web currencies as despite the fact that they can make life easy they also have a lot of dangers inherent in them as they could easily be used for fraud.

He listed places like Asia,Far East as likely locations where digital currency was in very high demand in all formats of business  usually because of the level of literacy of the usage of the product in that market.

He assured that once an individual have been told that he cannot use raw cash ,he can easily migrate to the use of near money products lie Bit coins.

He explained that though a  brand like Paypal still admits Nigerians  but this was usually not 100 percent as they refuse Nigerians the opportunity to access some services  due to issues bothering on corporate governance and transparency that the nation’s financial regulators will have to sort out .

He likened the problems of Bitcoins to the situations that has dogged the Automated Teller Machines[A.T.M.]globally which has made the latter fraud riddled all over the world.

He assured that in Liberty Reserve before now ,a consumer can afford to have  two different A.T.M. s and thus having access to minted notes worth $10,000 but at the end of the day it has its risks.

He lamented that despite the beauty of the product a lot of people will continue to resist it while others will accept it depending on their philosophy in life.

His words:”if I transfer 1,000 dollars from Bitcoin,perfect money ,both products cannot be called back ,I can recall that my account was hacked in 2011 and I lost $1,800 and I was almost crying at the time”

He added that Paypal was a money transfer product from the United states of America but quickly added that a new product:one coins  from the United Kingdom is trying to do things like paypal but he does not think that they can get official recognition.