The Federal Government of Nigeria says it has traced at least N83 billion in cryptocurrency and fiat money meant for the recent nationwide protests tagged #EndBadGovernanceInNigeria.
Amongst others are $50m of crypto, $38m of which were blocked in four cryptocurrency wallets — and N4bn contributed by various political actors in Abuja, Kano, Kaduna and Katsina.
This was part of a presentation by the National Security Adviser, Nuhu Ribadu, at the inaugural meeting of the Council of State convened by President Bola Tinubu at the Aso Rock Villa, Abuja.
According to Punch reports which quoted multiple sources with knowledge of Tuesday’s meeting proceedings, Ribadu, who presented on the topic ‘The Nationwide Protest As It Affects National Security,’ also revealed that an European has been identified as the mastermind of the proliferation of foreign flags during the protests and will soon be declared wanted by the Police.
The publication also quoted another of the sources, who spoke on condition of anonymity because he was not authorised to speak on the matter. He disclosed that local conspirators traced to capital city Abuja, Kaduna and Kano have been arrested.
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“In his presentation, the NSA said the government was able to trace $50m to crypto wallets that were made as donations to the protests. They succeeded in blocking four of those wallets containing $38m.
“They also found out that some political actors contributed N4bn to fund the protests,” one of the sources disclosed.
