• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Wednesday, February 11, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
ADVERTISEMENT
Home Crime Watch

BREAKING: FG Blocks ₦83 Billion Protest Funds, Arrests Political Collaborators

the funds include $50 million in cryptocurrency, of which $38 million has been blocked across four cryptocurrency wallets. Additionally, ₦4 billion in fiat money was reportedly contributed by various political actors in Abuja, Kano, Kaduna, and Katsina.

by NewsOnline Nigeria
August 14, 2024
in Crime Watch, Headline
0
Nigeria’s Tragedy

FG has blocked ₦83 billion protest funds and arrested political collaborators.

 

NewsOnline Nigeria reports that the Federal Government has traced at least ₦83 billion in cryptocurrency and fiat money that was allegedly channelled towards the recent nationwide protests.

 

This revelation was made during a presentation by the National Security Adviser, Nuhu Ribadu, at the inaugural meeting of the Council of State, convened by President Bola Tinubu at the Aso Rock Villa in Abuja.

 

READ ALSO: Nigerians Risk 10 Year Jail Term Over Failure To Recite New National Anthem

 

According to Ribadu’s presentation, the funds include $50 million in cryptocurrency, of which $38 million has been blocked across four cryptocurrency wallets. Additionally, ₦4 billion in fiat money was reportedly contributed by various political actors in Abuja, Kano, Kaduna, and Katsina.

The presentation, titled ‘The Nationwide Protest As It Affects National Security,’ provided a detailed account of the financial and logistical support behind the protests, which have drawn significant attention both domestically and internationally.

 

Multiple sources familiar with the meeting proceedings disclosed that Ribadu also revealed the involvement of a European national, identified as the mastermind behind the proliferation of foreign flags during the protests.

 

The individual is expected to be declared wanted by the Nigerian Police soon.

 

Furthermore, local conspirators traced to Abuja, Kaduna, and Kano have been arrested, according to a source who spoke with Punch on the condition of anonymity due to the sensitive nature of the information.

 

The Council of State meeting, which brought together former presidents, state governors, and other key national figures, focused heavily on the implications of the protests for national security.

 

“In his presentation, the NSA said the government was able to trace $50m to crypto wallets that were made as donations to the protests. They succeeded in blocking four of those wallets containing $38m.

 

“They also found out that some political actors contributed ₦4bn to fund the protests,” one of the sources told The Punch.

 

Another source privy to the discussions at the Council of State meeting told the platform that these local actors have been arrested, with the foreign mastermind on the run.

 

The source said, “The NSA also briefed the Council that there was some element of foreign interference in the protest, that they found out that some foreigners fueled the protests. It was not just about Nigerians protesting against hardship.

 

“A foreign agent had been found to be connected to it and would soon be declared wanted by the Police. The police will make the announcement this week.

 

“This agent is a person of interest with his Nigerian collaborators; most of them have been arrested. They are looking for him. But his collaborators in Abuja, Kaduna, Kano and Katsina have been arrested. The NSA also confirmed that eight people died during the protests.”

Previous Post

Elon Musk Interview On US Election With Trump Hits One Billion Views On X

Next Post

BREAKING: EFCC Under Scrutiny Over Donation of N50bn Fraud Proceeds To Fund Student Loan

Next Post
EFCC

BREAKING: EFCC Under Scrutiny Over Donation of N50bn Fraud Proceeds To Fund Student Loan

Trending Stories

No Content Available

Latest Stories

Dangote Refinery

Dangote Refinery Cuts Petrol Ex-Depot Price to N774/Litre as Market Dynamics Shift in 2026

Wike

ADC Urges Tinubu to Curb Wike Over Alleged Plot to Destabilise Party in Rivers

NRS

NRS Sets N40.71trn Revenue Target for 2026 After Beating 2025 Goal with N28.3trn

Nenadi Usman

Nenadi Usman Set to Take Over Labour Party National Secretariat in Abuja

Rotimi Amaechi

“Nigerians Were Better Off Under Buhari, Standard of Living Worsened Under Tinubu” – Rotimi Amaechi

Electoral Act Amendment Bill

BREAKING: Senate Names 12-Member Committee on Electoral Act Amendment Bill

Nigeria’s $9m Lobbying Scandal

Nigeria’s $9m Lobbying Scandal: A Costly Distraction from Insecurity, Poverty and Corruption – Festus Edovia

CBN, NCC

CBN, NCC Unveil Framework to End Failed Airtime and Data Transactions

Access Bank

Access Bank’s Acquisition of South Africa’s Bidvest Bank Collapses Over Regulatory Hurdles

Anglican Methodist Modern/Secondary School Ajagba

Anglican Methodist Modern/Secondary School Ajagba to Celebrate 70th Founder’s Day Anniversary in Oyo

NewsOnline Nigeria

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria