Federal Government Blocks N83bn Protest Funds, Arrests Key Sponsors In Abuja, Kano, Kaduna

The Federal Government has successfully traced and blocked a total of N83 billion in cryptocurrency and fiat money reportedly channelled towards funding the recent nationwide protests against hardship and bad governance in Nigeria.

The development was revealed during the inaugural meeting of the Council of State meeting convened by President Bola Tinubu at the Aso Rock Villa, Abuja, on Tuesday.

In a presentation titled, “The Nationwide Protest As It Affects National Security,” National Security Adviser (NSA), Nuhu Ribadu, disclosed that the government had tracked $50 million in cryptocurrency, of which $38 million was frozen in four different wallets. Additionally, N4 billion, contributed by various political actors from Abuja, Kano, Kaduna, and Katsina States, was identified as part of the protest funds.

Ribadu also unveiled that an unnamed European national has been identified as the mastermind behind the proliferation of foreign flags during the protests. According to Ribadu, this individual will soon be declared wanted by the Nigerian Police Force (NPF).