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News - North Central - FCT Updated: August 14, 2024

FG blocks N83bn protest funds, arrests political collaborators

By Maureen Okpe
August 14, 2024
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The Federal Government has traced at least N83 billion in cryptocurrency and fiat money channelled towards the recent nationwide protests.

The trace monies imcluded $50m of cryptocurrency, 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.

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.

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.

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He stated “They also found out that some political actors contributed N4bn to fund the protests."

While briefing the Council, Ribadu disclosed 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. The NSA also confirmed that eight people died during the protests.”

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Maureen Okpe

Maureen is a media practitioner and an impeccable writer with close to 4 years active experience wor...

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