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Shutting Crypto Accounts Can’t Stop Igboho’s Funding – Lawyer

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Sunday Igboho Hospitalized

The lawyer of Yoruba activist, Sunday Adeyemo popularly known as Sunday Igboho, Tommy Ojege-Daniel, on Friday warned that the decision of the Central Bank of Nigeria to halt financial institutions and other businesses from doing business in crypto and digital assets can’t stop stop the fundraiser set up for Igboho.

Ojoge-Daniel gave this warning during an interview with Punch after CBN issued its directive.

Naija News had earlier reported that supporters of Igboho set up a Gofundme page to raise the sum of £100,000 (N51.8m) for him to buy buses to implement his mission to flush out killer herdsmen in the South-West.

The fundraiser, which was initiated by Maureen Badejo, a blogger and activist based in the United Kingdom, had garnered £25, 589 (N13.2m) as of Friday evening.

It was gathered that crypto currency was one of the major ways through which funds sourced through crowd funding are accessed.

Igboho’s lawyer while speaking said, “It (CBN policy) does not affect it (Igboho’s funding) in any way in as much as crypto currency is an open source platform for peer to peer (P2P) exchange of value and it is largely untraceable.”

“The open ledger (block chain) only tracks activities in wallets and cannot hinder or hamper individuals who have crypto in their wallets from sending it to the recipient wallet. They can only track the payments but can never track the payers. The only issue will be exchanging the crypto on a direct platform to a Nigerian account.”

is an Associate at Naija News. He is a news media enthusiast, he holds a degree in psychology and loves exploring and sharing about the enormous power that lies in the human mind. Email: [email protected], Instagram: adeniyidman