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David Hundeyin Profile picture
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9 Nov, 3 tweets, 3 min read
I was going to do a story about this, but I think a thread is more immediate.

Emperor Emefiele is on a rampage and he is actively going after Binance P2P users, in conjunction with the banks. FCMB, Kuda and GTB in particular.
These past 2 days have been an account restriction and closure rampage for young Nigerians who use crypto.

Binance, Paxful, Patricia, Luton, etc.

Everyone who does P2P transactions on those platforms is having their bank accounts closed.
Without any kind of legal process or court order, some guy in a suit in Abuja is unbanking Nigerians by fiat order.

This is Argentina/Corralito-style capital destruction taking place before our eyes.

Someone needs to do something about Godwin Emefiele.

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More from @DavidHundeyin

David Hundeyin Profile picture
8 Nov
Pic 1 - Lt. Aboyeji at 5 AM this morning clearly stating that @mysidebrief's pitch deck was received by @anafricanfuture, but not seen by Tola.

Pic 2 - Lt. Aboyeji 9 hours later denying the existence of the deck altogether and throwing Tola under the bus.

🌚 ImageImage
You would think that a detail as key as the alleged nonexistence of the pitch deck at the centre of this controversy would have been number 1 here.

Somehow that major detail - that Future Africa never even saw Sidebrief's pitch deck - only occurred to Lt. Aboyeji 9 hours later🌚 Image
Conveniently, 9 hours is enough time to have a long crisis meeting and a conversation with a lawyer to determine how best to cover your own ass.

Unfortunately, Iyin being Iyin, his interminable inability to keep his mouth shut had already inadvertently let the cat out of the bag
Read 4 tweets
David Hundeyin Profile picture
5 Nov
Nothing much to see here.

Just Femi Osibona, rich, educated, UK-resident, high end Nigerian developer who lived in Ikoyi, proudly admitting on national TV that he does not listen to architects and structural engineers when doing projects in Nigeria.
Same dude admitting proudly that he gamed the system to flout planning regulations and build an extra storey on a house he redeveloped in Stoke-Newington, London🌚
Well, after a career of stacking unapproved extra storeys on buildings and ignoring advice from structural engineers, here is where he died.

Under his own stack of concrete Lego.

The quintessential rich and educated Nigerian illiterate pauper.
Read 4 tweets
David Hundeyin Profile picture
4 Nov
I've always said that Nigeria has no elite. It only has a group of monied people who differ from your average okada rider only in financial status.

Femi Osibona KNEW that his building was structurally defective and yet he sold units to members of his own social circle.
He sold $1.2m a piece worth of nonsense to people whose kids go to school with his kids, and whose parties he attends.

Doesn't matter how much money a Nigerian rich person has. They have the exact same ethical compass and behaviour as your garden variety yahoo boy in Abeokuta.
Nigeria has no elite.

Just different types of poor people desperately struggling to escape from poverty by fucking each other over.

Not just a pointless country, but a hopelessly primitive society with almost no redeeming features.
Read 4 tweets
David Hundeyin Profile picture
25 Oct
The next time the government builds a naval base in Kano or a transport university in Daura, we should be quiet.

Because the reasoning is the exact same as that of siting a $450m "trade and tourism park" near a city whose airport uses a govt subsidy to remain operational.
Cavalier disrespect for data and a belief in steel and concrete - not people - as the basic engine of growth and industry.

That's why a city of 21 million people has no metro rail whatsoever, but has built several artificial islands off its coast where land is sold in USD.
An entire civilisation of people who believe that steel and concrete is a seed that you plant in the middle of the bush and harvest economic growth out of thin air.

Like Ajaokuta, like Tinapa, like Abakaliki airport, like Kano-Maradi railway, abbl.

Slow thinkers.
Read 5 tweets
David Hundeyin Profile picture
23 Oct
Side note on the "xyz has tourism potential" myth:

Sudan has more ancient pyramids than Egypt.

The reason you're probably hearing this for the first time or you're more interested in seeing Egypt's pyramids, has nothing to do with having pyramids alone.
corinthia.com/khartoum/disco…
The fact that you have historic or pretty stuff to look at does not mean that you have a comparative advantage in tourism. It just means you have historic or pretty stuff to look at.

Tourism is an industry, not a feeling. There is no sentiment here.
You don't go and spend $450 million on a "tourist resort" in Cross River state because "Cross River state has beautiful landscape and nice weather."

That's a stupid decision to make, based on feelings, sentiment and zero data. We can see the result.
Read 4 tweets
David Hundeyin Profile picture
21 Oct
I'm on a Cameroonian TV panel right now and this caller from Yaounde is saying that police brutality happens in Nigeria because "Nigeria's population is too much" and "citizens are trying to overpower the police."

E ma gba mi o...
Can see why one man has ruled them since football players used to wear triangular pant...awon werey
One of my favourite threads:
Read 4 tweets

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