12/20/2020 0 Comments Nigerians Will Fight Back Using Crypto Currencies - SARS Extort Innocent NigeriansBademosi’s firm created some crypto wallets to assist raise funds for the protests, highlighting projects once underway. Local activist groups like the Feminist Coalition had previously started raising funds in multiple fiat currencies to support the protesters. Within days the coalition’s bank accounts were frozen and therefore the coalition asked donors to divert their funds to bitcoin wallets. As of Oct. 18, the group had raised quite a bit 7.2 bitcoin (or $82,000) accounting for 44% of the entire funds raised for the movement.
The message spread far and wide: Even Twitter founder Jack Dorsey used his platform to market bitcoin donations. On Oct. 20, reports surfaced that Nigerian security forces had opened fire on protesters. The coalition announced it had been continuing its efforts to support the youth from SARS. But after reports of SARS officers allegedly killing a young boy in southern Nigeria surfaced on Oct. 3 of this year, protests erupted again. The police unit stands accused of illegal killings, extortion and torture of innocent civilians: many of its victims over the years were young men between the ages of 18 and 35. FULL ARTICLE HERE COINDESK
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October 2022
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