In recent years niger has been know for cryptocurrency fraud. Most scammers in Nigeria used social media like Facebook, Instagram and WhatsApp to decieve people into investing crypto with the promise of getting higher returns with little risk, while they will steal your money. This have lead to the scrutiny of crypto government have warn against investment in cryptocurrency. Many Nigerians today see cryptocurrencies have a way for them to over come the high inflation. This is a very important notice before investing crypto in Nigeria.
Even before Bitcoin fraudulent activities had been going on in the country the so-called Yahoo yahoo boys uses Western Union Money Transfer to receive funds, some of these guys colluded with some bank officials to recieve funds and some also recieve vital customers information thereafter steal their funds so tagging Bitcoin with fraudulent activities is just like painting it in a bad light, though those fraudulent means of stealing funds from unsuspecting individuals increased when the Bitcoin adoption increased and it's unfortunate that some newbies felt to the tricks employed by those scammers in stealing their funds or stealing their keys and consequently withdrawing all their funds.