Nigerian singer Seun Kuti has sparked heated debates online after revealing that his sister lost over ₦50 million in cryptocurrency. In a viral video on X (formerly Twitter), he didn’t hold back, calling crypto a scam designed to transfer wealth from the poor to the rich.
Kuti passionately criticized crypto promoters, likening the industry to gambling and accusing it of misleading vulnerable investors. He claimed that more Africans have lost money in crypto than those who have profited, emphasizing that the system is rigged against the average person. He also disclosed his personal loss, expressing frustration over his sister’s financial setback despite his warnings.
His remarks have triggered mixed reactions, with some agreeing that crypto is risky, while others defended it as a legitimate investment. The debate continues as Nigerians weigh in on the risks and rewards of digital assets.
See some reactions below:
@ARCHangel0_1: “She doesn’t know how to do crypto Oga. No day shout up and down, go and sit down.”
@olisaobioha: “Crypto is only a scam when you don’t understand how to approach it. Y’all buy any coin and come and cry.”
@icecyclone: “He is talking about something he knows little or nothing about, and he is wrong. Most people go into crypto and stock trading without knowledge, and they get burnt.”
@MRFLOYD_247: “If you don’t know, kindly ask questions oga. You don’t go into investment with ignorance, or greed.”
@lyndeloff: “Africa this Africa that… Like say dem design crypto to milk Africans…. Pan-Africanists do too much atimes.”
@OGUCCHE: “Ur sister has no brain to have invested 50m without diligence research.”
@glitch_8200: “It takes 2 bull runs to be rich in crypto, which is 5 years of learning and extreme patience… Do not invest in anything without first, taking time to learn… My advice to your sister is for her to first and foremost go and read the Bitcoin white paper before anything else.”
@Elvissantaviou1: “This one doesn’t know anything about crypto. your sister was scammed by fake mentors, lol, same crypto weh I use buy house?”
WATCH VIDEO: