The Federal Government has identified and blocked at least N83 billion in funds used to support recent nationwide protests, including $50 million in cryptocurrency, The PUNCH reports.
National Security Adviser Nuhu Ribadu revealed these details at the inaugural Council of State meeting convened by President Bola Tinubu at Aso Rock Villa, Abuja.
Ribadu’s presentation, titled ‘The Nationwide Protest As It Affects National Security,’ disclosed that $38 million of the $50 million in cryptocurrency was frozen across four wallets.
Additionally, N4 billion was traced to political actors in Abuja, Kano, Kaduna, and Katsina.
Ribadu also reported that a European national, identified as the mastermind behind the foreign flags used during the protests, will soon be declared wanted by the police.
Local collaborators in Abuja, Kaduna, Kano, and Katsina have been arrested.
One source, speaking anonymously, said, “The NSA detailed the government’s actions in blocking $50 million in crypto donations to the protests, with $38 million already secured.
We also learned of N4 billion contributed by political figures to fund these protests.”
President Tinubu convened the Council to address issues including the recent #EndBadGovernance protests, national security, the economy, and food security.
The Council, which includes the President, Vice President, former Presidents and Heads of State, and other key officials, was briefed on various matters.
Former Presidents Goodluck Jonathan and Muhammadu Buhari attended, while former Heads of State General Yakubu Gowon and General Abdulsalami Abubakar joined virtually.
Notably, former President Olusegun Obasanjo and General Ibrahim Babangida were absent.
The meeting came days after a one-million-man march in Abuja, marking the 10th day of protests against the rising cost of living.
These protests, which saw a decline in participation and led to property destruction and fatalities, included demonstrators waving foreign flags and chanting anti-government slogans.
The Nigerian military has labeled the use of Russian flags during the protests as a treasonable offense and is investigating the matter.
President Tinubu warned against using protests to promote unconstitutional agendas.
Minister of Solid Minerals Development, Dele Alake, emphasized that regime changes should occur through elections, not insurrection.
He condemned attempts to force a change of government and reiterated the need for democratic processes.
Finance Minister Wale Edun reported progress in economic stabilization, noting a reduction in inflation and positive economic growth.
The Council of State meeting concluded with a unanimous vote of confidence in President Tinubu.
The National Council of State, a constitutional advisory body, is convened to provide guidance on national issues, including security, economic policies, and key public appointments.
