Tinubu's Govt Blocks N83bn Hunger Protest Funds, Makes Major Arrests, Details Emerge
- President Bola Tinubu-led federal government has reportedly blocked N83bn funds meant to promote the recently concluded hunger protest
- It was reported that $50 million of the funds were held in cryptocurrency, with the government successfully blocking $38 million traced to four cryptocurrency wallets
- Sources also revealed that the security agency has arrested several political figures in Abuja and three northern states who contributed N4 billion to fund the protests
The federal government, led by President Bola Tinubu, has reportedly traced at least N83 billion in fiat money and cryptocurrency intended to support the recent nationwide hunger protests.
The funds included $50 million in cryptocurrency, with $38 million blocked in four cryptocurrency wallets. Political figures in Kaduna, Kano, Katsina, and Abuja reportedly contributed N4 billion to the protests.
Source: Twitter
According to The Punch, the revelation was part of the presentation of Nuhu Ribadu, the national security adviser, during the first-ever council of state meeting conveyed by Tinubu at the presidential villa in Abuja on Tuesday, August 13.
Hunger protest: Ribadu reveals European mastermind
At the meeting, Ribadu discussed 'The Nationwide Protest and Its Impact on National Security,' revealing that a European mastermind was responsible for the proliferation of foreign flags during the protests.
He also mentioned that those involved would soon be declared wanted. According to sources who spoke on condition of anonymity, some politicians have been arrested in Abuja, Kaduna, and Kano.
The sources also revealed that the government has traced $50m in donations to crypto wallets and has successfully blocked four of those wallets containing $38m.
Legit.ng earlier reported Tinubu convened a council of state meeting to discuss various critical issues, including the recent #EndBadGovernance protests, national security concerns, the state of the economy, and the country's food security challenges.
Tinubu gets council of state's vote of confidence
Legit.ng also previously reported that former presidents Muhammadu Buhari and Goodluck Jonathan passed a vote of confidence on Tinubu's administration.
Tinubu had summoned the council for the first time since his administration began on May 29, 2023.
Buhari and Jonathan were the only former presidents who attended the meeting in person; other former leaders participated virtually, while former president Olusegun Obasanjo was notably absent.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
PAY ATTENTION: Donate to Legit Charity on Patreon. Your support matters!
Source: Legit.ng
