Federal Government traces N83b protest fund
The Federal Government has traced at least N83 billion in cryptocurrency and fiat money that was channeled towards the last statewide protest.
They include $50 million in bitcoin, $38 million of which was locked in four cryptocurrency wallets, and N4 billion contributed by various political actors in Abuja, Kano, Kaduna, and Katsina.
This was part of a presentation by National Security Adviser Nuhu Ribadu at President Bola Tinubu‘s first meeting of the Council of State, held at the Aso.
the Federal Government has traced at least N83 billion in cryptocurrency and fiat money that was channeled towards the last statewide protest.
They include $50 million in bitcoin, $38 million of which was locked in four cryptocurrency wallets, and N4 billion contributed by various political actors in Abuja, Kano, Kaduna, and Katsina.
This was part of a presentation by National Security Adviser Nuhu Ribadu at President Bola Tinubu’s first meeting of the Council of State, held at the Aso.
The Federal Government has traced at least N83 billion in cryptocurrency and fiat money that was channeled towards the last statewide protest.
They include $50 million in bitcoin, $38 million of which was locked in four cryptocurrency wallets, and N4 billion contributed by various political actors in Abuja, Kano, Kaduna, and Katsina.
This was part of a presentation by National Security Adviser Nuhu Ribadu at President Bola Tinubu’s first meeting of the Council of State, held at the Aso Rock Villa, Abuja.
According to multiple sources familiar with Tuesday’s meeting proceedings, Ribadu, who spoke on the topic ‘The Nationwide Protest as It Affects National Security,’ also revealed that a European has been identified as the mastermind behind the proliferation of foreign flags during the protests and will soon be declared wanted by the police.
One of the sources, who spoke on the condition of anonymity because he was not authorized to talk on the subject, revealed that local conspirators from Abuja, Kaduna, and Kano have been apprehended.
“In his presentation, the NSA stated that the government was able to trace $50 million to cryptocurrency wallets used to donate to the protesters. They were successful in banning four of those wallets, which contained $38 million.
“They also found out that some political actors contributed N4bn to fund the protests,”
On Tuesday, President Tinubu summoned the Council of State to discuss, among other things, the recent #EndBadGovernance protests, national security, the economy, and food security.
The Council was made up of the President (who serves as chairman), the Vice President, all former Presidents and Heads of State, all former Chief Justices of Nigeria, the Senate President, the Speaker of the House of Representatives, the Attorney-General of the Federation, the Secretary to the Government of the Federation, and all state governors.
Former Presidents Goodluck Jonathan and Muhammadu Buhari attended the inaugural Council meeting, as did former Heads of State General Yakubu Gowon (retd.) and General Abdulsalami Abubakar (retd.), who were virtually joined by governors from Abia, Adamawa, and Akwa Ibom states.
