Activist lawyer, Tommy Ojoge-Daniel, says the recent warning
issued by the Central Bank of Nigeria to Deposit Money Banks, Non-Financial
Institutions and other financial institutions against doing business in crypto
and other digital assets cannot stop the fundraiser set up for Yoruba activist,
Sunday Adeyemo, better known as Sunday Igboho.
Ojoge-Daniel said this during a chat with The PUNCH on Friday shortly after the CBN issued its directive.
Supporters of Igboho had set up a Gofundme page for the purpose
of raising £100,000 (N51.8m) for him to buy buses to implement his project of
ridding the South-West of killer herdsmen.
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.
Crypto currency was one of the major ways through which
funds sourced through crowd funding are accessed.
Speaking with our correspondent, however, the lawyer 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.”
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