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ENDSARS

Feminist Coalition stops receiving donations, reveal plans for the remaining funds

Feminist Coalition has informed all financial supporters of the campaign to stop sending funds to the group.

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#EndSARS: Feminist Coalition raise Cryptos worth $126,000, #EndSARS: Protesters launch helpline centre, online radio platform, 'Soro Soke', EndSARS Protest: Feminist Coalition group raise additional N31 million crowdfund in four days

Feminist Coalition, a not-for-profit organization and one of the leading supporters of the #EndSARS campaign, has informed all financial supporters of the campaign to stop sending funds to the group, while also revealing plans for the remaining donated funds.

The group disclosed this in a statement titled “A Statement from the Feminist Coalition”, issued and co-signed by Damilola Odufuwa, Odunayo Eweniyi, Layo Ogunbanwo, Ozzy Etomi, Ire Aderinokun, Fakhrriyyah Hashim, Oluwaseun Osowobi, Jola Ayeye, Laila Johnson-Salami, Karo Omu, Obiageli Alintah, Tito Ovia, Kiki Mordi and FK Abudu.

READ: #EndSARS: Feminist Coalition raise Cryptos worth $126,000

The group, which also urged protesters to stay indoors and observe the curfew in their respective states, stated that it received a total of N147.8 million cash donations in favour of the #EndSARS protests against brutality and extrajudicial killings by men of the now-disbanded Special Anti-Robbery Squad of the Nigeria Police Force.

It stated, “The funds were raised through the generosity of well-meaning people and concerned Nigerians who want their voices to be heard and their demands to be met.”

READ: EndSARS Protest: Feminist Coalition group raises additional N31 million crowdfund in four days

According to the group, it decided to stop all donation inflows following the speech by President Muhammadu Buhari on Thursday evening.

“The rest of the donations will go towards funding medical emergencies, legal aid for wrongfully detained citizens, and relief for victims of police brutality and families of the deceased.

READ: I won’t approve 2021 budget without provisions for #EndSARS victims, ASUU – Gbajabiamila

“The past two weeks have been tough for many Nigerians, most especially the last two days. Many lives have been lost and properties destroyed at the height of what started as peaceful marches for the end to police brutality.

“The Feminist Coalition condoles with every Nigerian mother, father, son, daughter who has lost a loved one in these trying times. These Nigerians share the same vision for a better country as we all do and should be duly recognized as heroes.

“Following the President’s address, we hereby encourage all young Nigerians to stay safe, stay home, and observe the mandated curfew in your state.

“The Feminist Coalition has made a decision to henceforth stop all donation inflows for the #EndSARS peaceful protest. The rest of the donations will go towards funding medical emergencies, legal aid for wrongfully detained citizens, and relief for victims of police brutality and families of the deceased.”

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Breakdown of funds received over the past 14 days:

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* Total received – ₦147,855,788.28 (includes donations in USD, CAD, GBP, EUR, GHS, KES, and BTC)

* Total disbursed – ₦60,403,235.00

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* Total left – ₦87,452,553.28

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Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Business

ICPC Chairman reveals #EndSARS protests was financed with cryptocurrency

ICPC Chairman has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.

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School feeding, ICPC, FIRS moves to stop tax evasion with newly launched intelligence system 

The Chairman of Independent Corrupt Practices and Other Related Commission (ICPC), Bolaji Owasanoye has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.

This is as he said there are strong indications that it could be used to fund Insurgency in the country.

According to a report from Vanguard, this disclosure was made by the ICPC Chairman, during an interactive session with Senate Joint Committee on Banking, ICT, Cybercrime and Capital Market led by Senator Uba Sani on Tuesday, February 23, 2021.

READ: ICPC uncovers N9.8 billion Government money hidden in Aso Savings

The Joint committee was mandated to look at the decision of the Central Bank of Nigeria (CBN) to ban Cryptocurrency in Nigeria.

The ICPC boss while supporting the position of the CBN, said that the nature of operations of Cryptocurrency exposes it to money laundering and terrorism financing.

Meanwhile, the Nigerian Financial Intelligence Unit (NFIU) has said that the agency averted a $3million fraud linked to 20 bank accounts.

READ: ICPC moves against NDDC top management over corruption allegations, quizzes directors

Owasanoye further explained that the anti-graft agency currently has a number of cases linked to Cryptocurrency but is unable to track the suspects.

He brought the attention of the Senate to a period in 2018 when a number of globally rated financial institutions said their financial statements had been hacked with the perpetrators asking to be paid in Cryptocurrencies.

ICPC Chairman noted that the CBN as a regulator has the responsibility to ensure sound financial stability and it will be difficult to achieve in the case of Cryptocurrencies where the players are anonymous.

While sharing the experience of the Indian Supreme Court and how it ruled and admitted that it does not know what it is, he urged the Lawmakers to as a matter of urgency, take decisive action against Cryptocurrencies.

READ: Most powerful financial leader takes side with CBN, says Bitcoin is untrustworthy

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What you should know

  • It can be recalled that the CBN had directed the financial institutions to immediately close the accounts of such persons or entities transacting in or operating cryptocurrency exchanges, warning of severe regulatory sanctions in the event of any breach of the directive.
  • The apex bank warned the Deposit Money Banks, Non-Financial Institutions and other Financial Institutions against doing business in crypto and other digital assets.
  • The latest directive is coming after the CBN had in 2018 stated that cryptocurrencies are not legal tender and as such are illegal.

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ENDSARS

#OccupyLekkiTollGate: Lagos Attorney-General explains large police presence at Lekki toll gate

Lagos Attorney-General has stated that the State does not support the abuse of peaceful protesters.

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The Lagos State Attorney-General, Moyosore Onigbanjo says that the reason for large numbers of policemen at the Lekki toll gate during Saturday’s protest was to prevent the protest from getting hijacked by hoodlums.

The Attorney-General of the State disclosed this in an interview with Channels TV on Sunday evening.

“Our duty is to face the dictate of the law.

“The state does not derive any joy from seeing people brutalized, but we must ensure that we have a society where law and order prevails and where everyone is free and secure to go about their businesses.

“Your right to protests only extends to where the other person’s freedom of association starts,” Onigbanjo said.

READ: #EndSARS: Sanwo-Olu presents Buhari report on Lagos destruction by hoodlums

He added that the State Government wanted to prevent any problems during the protests, citing Covid-19 regulations preventing the mass gathering of people and hoodlums hijacking the protests.

“I believe that was the desire of the state government yesterday that people can protests, but think about the Covid-19 regulations, the existing laws.

“We cannot afford the sort of vandalism we saw before, the state was genuinely apprehensive that hoodlums might take over a peaceful protest, we have seen this before. And that was why the police came out in large numbers that this did not degenerate the last time,” he added.

READ: #EndSARS: Freezing of accounts may trigger further protests – Tunde Bakare

What you should know 

Nairametrics reported over the weekend that Officers of the Nigerian Police Force arrested #OccupyLekkiTollGate protesters at the Lekki toll gate on Saturday morning.

This was confirmed by multiple media images and videos on social media, showing the protesters being arrested and loaded inside police trucks and van, popularly known as Black Maria.

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