FG Explains Blocking N83bn Linked to #EndBadGovernance Protest Sponsors

Nuhu Ribadu

The Federal Government has traced over N83 billion in cryptocurrency and fiat money linked to the recent #EndBadGovernance protests across the nation.

According to Daily Trust, the protests against hunger and hardship concluded last Saturday after 10 days.

In a presentation at the inaugural meeting of the Council of State, convened by President Bola Tinubu at the Aso Rock Villa, Abuja, National Security Adviser (NSA) Nuhu Ribadu revealed the details on Tuesday, as reported by PUNCH.

Ribadu stated that the traced funds include $50 million in cryptocurrency, with $38 million blocked in four cryptocurrency wallets, and N4 billion contributed by various political actors in Abuja, Kano, Kaduna, and Katsina.

Multiple sources familiar with the meeting proceedings indicated that a European individual 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 source, speaking anonymously, disclosed that local conspirators in Abuja, Kaduna, and Kano have been arrested.

“In his presentation, the NSA said the government traced $50 million to crypto wallets used for donations to the protests. They successfully blocked four of those wallets containing $38 million.

“They also discovered that some political actors contributed N4 billion to fund the protests,” the source said.

While local actors have been arrested, a foreign mastermind remains at large, another source added.

According to the source: “The NSA also briefed the Council on foreign interference in the protests, revealing that some foreigners fueled the demonstrations. It was not solely about Nigerians protesting against hardship.

“A foreign agent has been connected to the protests and will soon be declared wanted by the Police. The police will make the announcement this week.

“This agent is a person of interest, and his Nigerian collaborators, most of whom have been arrested, are being sought. Collaborators in Abuja, Kaduna, Kano, and Katsina have been arrested. The NSA also confirmed that eight people died during the protests.”

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