Shutting Cryptocurrency Accounts Cannot Affect Sunday Igboho Funds Raising – Lawyer

As Against claims that the CBN New policy on cryptocurrency will affect the funds being raised for Sunday Igboho, an activist lawyer has said there is no way Sunday Igboho funds will be affected.

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.

The PUNCH learnt that 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.”