Nigerian President, Finance Minister and Attorney General Sued for Anti-Cryptocurrency Stances
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
In a bold move against the Nigerian government’s stance on digital assets, cryptocurrency advocate James Utudor has filed a lawsuit seeking to lift restrictions on cryptocurrency exchanges.
This landmark case names the Nigerian President, Minister of Finance, and Attorney General, as well as several other government agencies, as primary defendants.
Utudor’s lawsuit, filed on August 9, argues that current regulations violate Nigerians’ fundamental rights, particularly their access to digital assets such as Bitcoin (BTC) and stablecoins.
It claims these restrictions deny residents the tools they need to protect against inflation and participate in the global digital economy.
Since the beginning of 2024, Nigerian authorities have intensified measures to curb the use of cryptocurrencies, targeting popular exchanges such as Binance.
Authorities argue that these platforms facilitate illegal activities and contribute to the devaluation of the Nigerian naira. There have also been accusations that these exchanges evade tax obligations despite generating significant revenue from Nigerian users.
