Closing Crypto Accounts Can’t Stop Igboho – Lawyer Funding
Activist lawyer Tommy Ojoge-Daniel says the recent warning from the Central Bank of Nigeria about placing money in banks, non-financial and other financial institutions against doing business using cryptocurrencies and other digital assets cannot stop fundraising. Customized for Yoruba. activist Sunday Adeyemo, better known as Sunday Igboho.
Ojoge-Daniel said this during a chat with The PUNCH on Friday, shortly after CBN released its directive.
Igboho supporters created the Gofundme page to raise £ 100,000 (AD 51.8 million) to buy buses for his plan to rid the Southwest of murderous shepherds.
The fundraiser, which was initiated by UK blogger and activist Maureen Badejo, raised £ 25,589 (US $ 13.2 million) as of Friday evening.
PUNCH learned that cryptocurrency was one of the main ways to gain access to crowdfunding funds.
However, in a conversation with our correspondent, the lawyer said: “CBN policy) does not affect (Igboho funding) in any way, as the cryptocurrency is an open source platform for peer-to-peer value exchange (P2P) and is nearly impossible to trace.
“The open ledger (blockchain) only tracks wallet activity and cannot prevent or prevent people who have cryptocurrencies in their wallets from sending them to the recipient’s wallet. They can only track payments, but they can never track payers. The only problem will be exchanging cryptocurrency on a direct platform with a Nigerian account. “
Source: – Punch ng