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Former CIBN President Urges Nigerian Bank Customers to Sue Over Unexplained Deductions

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Mr. Okechukwu Unegbu, former President of the Chartered Institute of Bankers of Nigeria (CIBN) and ex-Managing Director of the defunct Citizens International Bank has urged Nigerian bank customers to take legal action if they notice irregular deductions from their accounts.

In an interview with the News Agency of Nigeria (NAN), Unegbu encouraged customers to challenge banks in court, despite the slow pace of the justice system. This comes in response to widespread complaints about unexplained, multiple deductions from customers’ accounts.

He pointed out that while small deductions like N5 or N10 per transaction might seem insignificant, they add up to substantial amounts for banks with millions of customers. He further urged customers to familiarize themselves with the Central Bank of Nigeria’s (CBN) guidelines on bank charges and file complaints if they are charged beyond the approved rates.

In his words,

“That document explicitly states the legal charges that banks are entitled to from their customers. But most Nigerian banks charge much more than what is recommended which is against all principles of banking. Such things do not happen abroad. And the problem is that most customers do not complain. If customers get such charges, they should start by writing to the banks to complain. Going to the bank physically might not yield any positive results. If customers can develop the habit of complaining, the banks will start learning”.

It is worth noting that many Nigerian bank customers are not fully aware of the CBN’s guidelines on bank charges. As a result, they may not actively monitor their accounts or challenge the banks when they are overcharged. This allows banks to continue with practices that may not align with the regulatory standards. Some banks impose fees without adequately informing customers, Charges like SMS alerts, card maintenance fees, and transfer fees often appear as small deductions but add up over time, leading to customer dissatisfaction.

Recall that in December 2019, the Central Bank of Nigeria (CBN) reviewed downwards most charges and fees for banking services in its updated Guide to Charges by Banks, Other Financial, and Non-bank Financial Institutions which took effect from January 1, 2020. According to the CBN guidelines, transactions below N5,000 will incur a maximum fee of N10; transfers between N5,000 and N50,000 will attract a charge of N25, and transfers beyond N50,000 will receive a charge of N50.

Several experts have noted that the excessive charges will slow down the rate of financial inclusion as customers will avoid operating a bank account. Notably, it has been established by several surveys that customers are very sensitive to charges.

Excessive charges can deter these customers, especially low-income individuals, who are already financially vulnerable, from engaging with the formal banking system. This can make them avoid opening bank accounts or using banking services, opting instead for cash-based transactions or informal financial systems.

Crypto Trader Explains How Cutoshi (CUTO) Could Soon Outrank Cardano (ADA) and Solana (SOL)

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The crypto world is packed with endless opportunities, and traders are always chasing the next big one. Solana (SOL) and Cardano (ADA) have been the go-to favorites for a while, but there’s a new name catching everyone’s attention—Cutoshi. Word on the street is that it might just be the next big thing everyone’s been waiting for.

Solana: Fast, Scalable, and a Major Player

Launched in 2020, Solana has quickly made a name for itself in the crypto world. Known for its lightning-fast transaction speeds, it uses a unique blend of proof of history and proof of stake mechanisms, allowing it to handle high volumes efficiently and remain scalable.

Since its launch, many memes have been launched on the Solana blockchain, attracting thousands to the project. However, there have been many rugs with memes launched on the chain, and traders are already looking for alternative projects like Cutoshi that have real-world utility and where they can be safe from rug pulls.

Cardano: The Slow and Steady Contender

Cardano (ADA) prides itself as a blockchain solution that seeks to provide scalable and energy-efficient platforms for decentralized applications to thrive. Launched in 2017 by one of the co-founders of Ethereum, it has continued to make significant strides and has made a name for itself in the crypto space.

Despite a promising and attractive roadmap, Cardano slowed down in implementing its smart contracts, and many of its developments were not as quick as investors expected, leaving traders frustrated and unable to predict its next move.

Cutoshi: The Fast and Furious DeFi Pacesetter

Cutoshi isn’t just another memecoin, it’s a hot new utility DeFi coin making waves with speed, innovation, and solid utility. Drawing inspiration from the Chinese Lucky Cat and the teachings of Satoshi Nakamoto, Cutoshi is all about bringing prosperity to digital assets. But it’s more than just good vibes; it’s a next Shiba Inu rival ready to take the DeFi scene by storm.

At the core of Cutoshi’s ecosystem is its multi-chain decentralized exchange (DEX), offering seamless swaps and multi-chain asset trading. It’s a secure, private, and efficient way to handle transactions, eliminating the need for centralized platforms.

Additionally, Cutoshi also knows how to keep its community engaged through token farming. It’s a practical way for users to earn while supporting the ecosystem. Complete quests, earn points, and collect rewards, making DeFi not only accessible but also genuinely fun.

To bridge the knowledge gap, Cutoshi introduced the Cutoshi Academy, an educational DeFi platform aimed at simplifying complex crypto concepts. Whether a pro trader or a newcomer, the Academy helps everyone expand their DeFi knowledge and stay ahead in the fast-evolving crypto world.

With its token burn mechanism, Cutoshi has a deflationary model that reduces supply over time. This deflationary token structure makes it more valuable as demand rises, setting it apart as a potential next Dogecoin rival while supporting price growth and rewarding long-term holders.

In addition, unique NFTs are given as rewards to early adopters and active participants. The team is always adding more perks, making every Cutoshi holder feel like a key part of the community.

Finally, Cutoshi’s mission is clear: bring DeFi to the masses. With its powerful DEX, leveraging blockchain technology for efficiency, and making learning engaging through its Academy.

 

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member:

https://twitter.com/CutoshiToken

https://t.me/cutoshi

2 Best Cryptos Under $0.50 for 20x Profits: Shiba Inu (SHIB), Rexas Finance (RXS)

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Are you looking to invest in the cryptocurrency space and get the best price for your money? The cryptocurrency market is certainly one of the best for explosive gains. If you are such a risk-averse investor, you must have come across the Shiba Inu (SHIB). However, there’s a new secondary that is quietly constructing a whale of an ecosystem ready to explode in the market: Rexas Finance (RXS). This made both cryptos attractive investments since they were priced under $0.50 at the moment, these are two other coins that present great singles only that they have gone in totally different directions.

Why Shiba Inu (SHIB) will prove even more useful than about $0.50.

Shiba Inu came out as this meme coin that became very prevalent within the public only in the year 2021 similar to what the Dogecoin was. This was highly publicized because of its active community, press coverage, and endorsement from stars. Shiba Inu has its detractors who argue it has value only as a tradeable asset and nothing more. History has shown however that early investors can reap returns that are quite astonishing.

Key Strengths of SHIB:

Large Community: Moreover, Shiba Inu, which currently has millions of holders, comprising the Shib Army and other supporters, continues to be central to the attainment of the token’s purpose.

SHIB Metaverse: Developers of Shiba Inu have also graduated to more utility-based products including NFTs and Shibaverse, a future metaverse that will add real benefits to the token.

Burning Mechanism: Some burning techniques of SHIB deflationary have been applied in order to cut down on capitalization and make the price go up because of rarity.

Even at its start as a meme coin, Shiba Inu has come a long way into an all-encompassing project. Still, the risk of such a scenario does not exist any longer, as due to huge market capitalization, it is hardly possible for the coin to get through another hike like in 2021. This is where Rexas Finance (RXS) comes in.

Rexas Finance (RXS): The Game Changer in Tokenization of Real-World Assets

Since the token of Shiba Inu has become popular and community-based, Rexas Finance (RXS), on the other hand, is developing a more sophisticated utility-based system that seeks to disrupt the tokenization of real-world assets. Rexas Finance, which is currently in its third presale round and selling at $0.05 has raised more than $2 million already indicating enthusiastic dollars coming in.What tops Rexas Finance is not only its incredibly low price, but also the complete system that deals with a number of blockchain aspects, for instance, their Launchpad, QuickMint Bot, and AI Generator.

Key Features of Rexas Finance

RWA tokenization:

One of the important aspects of Rexas Finance Vision is the tokenization of tangible assets, such as real estate, commodities, art, etc. Investment opportunities are bourgeois and enhance the level of confidence consumers of these opportunities. Given the lack of speculation in these tokens, this new wave of investments provides security through asset-backed tokens.

Rexas Launchpad:

The Rexas Launchpad enables its users to conduct a fundraising campaign for new token initiatives. If you are in the business of tokenizing a new start-up or if you are part of a community that is attempting to or has already issued governance tokens, Rexas has all the tools necessary to design and issue tokens. This utility makes the platform very elastic and appealing to both developers and investors.

Rexas QuickMint Bot:

Rexas QuickMint Bot is a recent innovation developed into popular messaging applications such as Telegram and Discord, to aid in token creation for Monetizer users within the systems. This function simplifies the process of token creation and hastens the process eliminating the technical aspects. simple, fast, and easy-to-use platforms regardless of domain knowledge, Launching a community token or a utility token for a business, whatever it is, On-demand token creation made a world of difference using QuickMint Bot.

AI Creator for NFTs:

Rexas is taking this tradition of similar artists to the next level with its innovative AI Generator in the space of NFTs. This tool enables users to create stunning pieces of art in digital form with little to no effort. Since users have the option of customizing the artwork parameters, they can create saleable NFTs ready for market deployment on different NFT artwork platforms. This makes it easier for the creation of the NFT more so for the other non-artists out there.

Why Rexas Finance Could Quite Easily 20x

Rexas Finance is not just another speculative token as it has a lot of uses. It’s a platform that is supposed to be used in a real-world scenario and is for mass adoption. The very fact that the project already raised more than $2 million at its third presale stage speaks volumes in terms of demand on the platform and confidence in its long-term viability.Setting the presale price at $0.05 is an attractive buy-in level for potential investors that has room for exponential growth, but the platform has to first attract the crowd. Here’s why analysts think that Rexas Finance could yield investment returns at 20X levels by the year 2025:New Future Position in Asset Tokenization Market: Real asset tokenization is a very new concept with a lot of potential when it comes to market expansion as it has an addressable market in trillions.

As Rexas Finance, more assets are being tokenized and this trend is going to make the company very beneficial.Newer functionalities: More common users of blockchain technology also stand to benefit via using the QuickMint Bot and AI Generator. These tools help in creating the market and hence the need for RXS tokens and thereby the growth of Rexas Finance.Strong Community and Ecosystem: Rexas Finance has been able to gather many supporters and is rising rapidly in the crypto market. It has a multi-functional ecosystem which allows it to serve different arms of the blockchain economy ranging from NFTs to real assets, thus the versatility.

Conclusion

In the ever-changing landscape of cryptocurrency, locating the right projects and investing in them at a reasonable price can be the difference between making a profit and looking for a different career. Both Shiba Inu (SHIB) and Rexas Finance (RXS) have good prospects for growth, but due to its innovative asset tokenization and modern tools, Rexas Finance, is the one that breaks the game with its successful presale. Project tokens with the current rate of $0.05 and over 2 million dollars already raised, Rexas Finance is also going to be the next crypto with a more than 20x return rate by 2025, giving its investors a chance to 20x their investment in the said year.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

These 4 Cryptos Are Likely To Take Off In 2024

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As we look ahead to 2024, the cryptocurrency market shows signs of an imminent bull run, with investors keen to identify the next set of projects poised for explosive growth. Among the emerging contenders, FXGuys (FXG) is quickly gaining traction as one of the most promising decentralized finance (DeFi) tokens. But FXGuys isn’t the only project garnering attention. Other tokens, including INJ, ADA, and SEI, will take off in the coming year. Let’s take a closer look at why these four cryptos could see significant gains in 2024.

FXGuys (FXG): Disrupting the Forex Market

FXGuys is emerging as a strong contender in the DeFi space by bringing forex trading into the blockchain ecosystem. The forex market, which handles more than $6 trillion in daily trading volume, has long been dominated by traditional financial institutions. FXGuys is changing that narrative by creating a decentralized platform where users can trade global currencies with lower fees, faster transactions, and greater transparency.

The key feature of FXGuys is its Trade2Earn model, where traders are rewarded with $FXG tokens for every trade they execute. This incentive structure keeps traders engaged while increasing the demand for FXG tokens. Additionally, the prop firm funding program allows traders to access capital without risking their own funds, making the platform even more attractive to both retail and professional traders.

FXGuys is currently in its Stage 1 presale, priced at $0.03 per token, offering early investors the chance to get in before the public launch at $0.10. The presale’s success and the platform’s unique value proposition have led analysts to predict 100x potential for FXGuys, making it a strong candidate for massive gains in 2024.

INJ: Injective Protocol’s Rise to Prominence

INJ (Injective Protocol) is another token that has been gaining momentum and could be set for a significant surge in 2024. INJ is a fully decentralized derivatives exchange built on Cosmos SDK, enabling users to trade assets across different blockchains without intermediaries. With its emphasis on creating a borderless, permissionless platform for financial markets, Injective has carved out a unique position in the DeFi sector.

As decentralized finance continues to expand, Injective Protocol is well-positioned to attract more users to its platform. Its ability to facilitate cross-chain trading and offer high liquidity across multiple markets makes INJ a token to watch. With its strong backing and innovative platform, INJ is on the radar of many investors looking for solid DeFi projects with high potential.

ADA: Cardano’s Push for Decentralized Governance

Cardano (ADA) remains a major player in the blockchain world, known for its focus on scientific rigor and scalability. Recently, Cardano has made headlines with its Chang hard fork launch, a significant upgrade aimed at moving the blockchain closer to decentralized governance. This upgrade introduces various technical improvements that could enhance Cardano’s long-term prospects, although its price has been under pressure recently.

Despite short-term challenges, Cardano’s strong fundamentals, including its focus on academic research and peer-reviewed protocols, position it for growth in 2024. With its emphasis on decentralization and security, ADA will likely remain a key player in the smart contract ecosystem as the broader market matures.

SEI: The New Blockchain on the Horizon

SEI is a new entrant to the crypto market, but its innovative approach to decentralized applications (dApps) has earned it much attention. SEI is a Layer 1 blockchain designed to optimize trading and financial operations in the decentralized finance space. With a focus on high throughput and low latency, SEI aims to solve some scalability issues plaguing other blockchain networks.

SEI aims to provide a blockchain optimized for trading, making it easier for decentralized exchanges (DEXs) and financial dApps to operate efficiently. With its unique technology and growing developer community, SEI is quickly building a name for itself, and investors increasingly see it as a project with serious long-term potential.

Conclusion: FXGuys Leads the Pack in 2024

As 2024 approaches, FXGuys, INJ, ADA, and SEI are positioned to be the standout projects in the crypto market. FXGuys, with its unique Trade2Earn model and focus on disrupting the $6 trillion forex market, has already hit significant milestones in its presale, signaling strong investor interest. INJ and SEI also show signs of strong growth, each bringing innovative solutions to the DeFi ecosystem. Cardano’s technical upgrades, despite recent price pressure, remain a strong foundation for future growth.

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SEC Appeal Spells Doomsday for XRP—Avalanche & IntelMarkets Are Stealing The Bull Run Limelight With 4x Potential

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Ripple’s (XRP) dream run just hit a snag with the SEC’s appeal. While XRP scrambles for stability, Avalanche (AVAX) is holding strong and a revolutionary newcomer, IntelMarkets (INTL), is surging in its presale. This AI-powered trading platform promises to transform the crypto world with 4x profit potential for early investors. Get ready, because October might be hotter than expected!

Ripple Faces Uncertainty as SEC Resumes Legal Battle, XRP Price Dives

Last day witnessed a dramatic decline in Ripple’s (XRP) price as well as a notable decline in its market capitalization and trading volume. The XRP token, which is vital to the RippleNet global payments network, fell by as much as 10% in a single day. The SEC’s decision to file an appeal in its ongoing lawsuit against Ripple Labs is the root cause of the price decline.

The SDNY District Court’s Judge Analisa Torres declared in July 2023 that Ripple’s programmatic sales were not in violation of the Securities Act. Although Ripple was found accountable for its institutional sales, her decision proved that XRP is not a security in and of itself. The SEC has now sent its Notice of Appeal to the US Court of Appeals for the Second Circuit in an attempt to overturn this decision.

The SEC’s appeal has prompted chaos within the XRP community. Brad Garlinghouse, the CEO of Ripple and a co-defendant, expressed his disappointment with the agency’s actions, emphasizing that the XRP’s non-security status would continue to be the legal standard even in the event that the SEC’s appeal is upheld. Chief Legal Officer of Ripple, Stuart Alderoty, described the SEC’s ruling as “disappointing, but not surprising.”

Now trading at $0.5225, Ripple (XRP) might see more bearish volatility if it breaks below this level, reaching the range-lows around $0.43.

Avalanche (AVAX) Holds Strong at Key Support Levels, Poised for October Surge

The smart contract platform Avalanche (AVAX) is well-known for its potential to grow endlessly and complete transactions in less than a second, providing developers with a flexible ecosystem. Bullish signals have recently been seen in the Avalanche (AVAX) markets, but political uncertainties tried to dampen them.

Despite all of this, the Avalanche (AVAX) has successfully flipped the bull market support band. AVAX is now trading above both the 21-week exponential moving average (EMA) and the 20-week simple moving average (SMA), which is positive for the long-term outlook.

Before the current market decline, Avalanche (AVAX) was one of the best altcoins, rising by more than 22% by the end of September. Even after the collapse, the Avalanche (AVAX) maintained two crucial support levels at 30 and 50-SMA. Holding these important levels puts AVAX in a strong position to extend its gains when the emerging bullish momentum strengthens.

For complete confirmation of its bull run, Avalanche (AVAX) has to first bounce back above the 200-SMA at $32, which is where the uptrend starts. Should this occur in October or ‘Uptober’, the price of Avalanche may soar to $50 before the year is over.

IntelMarkets’ Presale Surges to $910K—Here’s Why Investors are Betting Big

IntelMarkets (INTL), a revolutionary cryptocurrency that connects blockchain and the trading world with AI, is the most recent addition to investors’ list of coins with 4x profit potential.

The goal of this upcoming AI-powered trading platform is to transform the cryptocurrency trading industry by merging blockchain, DeFi, and artificial intelligence and make it available for investor of every level. Using real-time learning data and self-learning trading robots, the exchange protocol will be the first to include AI at every level.

Over $910,000 has been raised in the INTL’s ongoing presale amid growing demand. It is in its third stage of the ICO, it only costs $0.027; but, it is getting ready to move on to the next stage in just 11 days in which each INTL token will cost $0.036. Along with expected 50x profits after debut, early investors stand to win significantly with the forecasted $0.11 listing price.

Given the discounted price, massive anticipated profits, and ongoing developments, it is a perfect time to ride this wave because it is about to change the global crypto trade market, which is expected to reach $347 billion by 2030.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com

Buy Presale: https://buy.intelmarketspresale.com

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets