Home NEWS FG Blocks N83 Billion Traced To Sponsors Of Last Week’s Hunger Protest...

FG Blocks N83 Billion Traced To Sponsors Of Last Week’s Hunger Protest In Nigeria

The Federal Government of Nigeria has announced that it had blocked at least N83 billion in cryptocurrency and fiat money channeled towards the just concluded nationwide hunger protests which came to an end last Saturday after 10 days.
According to PUNCH, Nuhu Ribadu, the National Security Adviser (NSA), told the Council of State which inaugural meeting was convened by President Bola Tinubu yesterday, August 13, at the Aso Rock Presidential Villa, Abuja.
According to Ribadu, the blocked funds include $50m of cryptocurrency, $38 million of which were blocked in four cryptocurrency wallets and N4 billion contributed by various political actors in Abuja, Kano, Kaduna and Katsina.
One of the sources, who spoke on condition of anonymity, disclosed that local conspirators traced to capital city Abuja, Kaduna and Kano have been arrested.
“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,” the source said.
According to the source: “The NSA also briefed the Council that there was some element of foreign interference in the protest, that they found out that some foreigners fueled the protests. It was not just about Nigerians protesting against hardship.
“A foreign agent had been found to be connected to it and would soon be declared wanted by the Police. The police will make the announcement this week.
“This agent is a person of interest with his Nigerian collaborators; most of them have been arrested. They are looking for him. But his collaborators in Abuja, Kaduna, Kano and Katsina have been arrested. The NSA also confirmed that eight people died during the protests.”