The post Pro-Bitcoin Politician Files Lawsuit Against Nigerian Gov’t appeared on BitcoinEthereumNews.com.

A Nigerian pro-Bitcoin politician and activist revealed he filed a lawsuit against several Nigerian authorities for the restrictions on ownership, use, and trade of BTC, USDT, and other cryptocurrencies in the country. The lawsuit comes after the Nigerian government’s stringent measures to try to control the crypto industry. Pro-Bitcoin Politician Fights For Crypto Investors’ Rights Nigerian politician, educator, and Bitcoin advocate James Otudor shared the details of the lawsuit he filed against key government entities in the country.  The lawsuit, filed in July, is set to challenge the recently imposed restrictions on the industry and advocate for the rights of Nigerian crypto investors. Pro-BTC politician reveals lawsuit agaisnt key Nigerian authorities. Source: James Otudor on X Per the post, the Bitcoin advocate believes those who desire to invest or already own and use cryptocurrencies are “being unfairly targeted.” As a result, Otudor argues that the rights of Nigerian citizens have been violated “as guaranteed by Chapter 4 of the Constitution of the Federal Republic of Nigeria 1999.” The lawsuit targets the President of Nigeria, the Minister of Finance, The Attorney General of the Federation, the Central Bank of Nigeria (CBN), the Economic and Financial Crime Commission (EFCC), the Securities and Exchange Commission (SEC), the National Information Technology Development Agency (NITDA), the Nigerian Police Force, and the Nigerian Communication Commission (NCC). Maurice Eban, Otudor’s legal representative, asserted that the constitutional right to acquire and own property in the country extends to Bitcoin and other cryptocurrencies as they are globally recognized valuable assets: Bitcoin and USDT are globally recognized as valuable assets that protect holders from inflation and serve as a medium of exchange. Section 43 of the Constitution guarantees every Nigerian the right to acquire and own property anywhere in Nigeria. This right extends to digital assets, which have become essential…

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Filed under: News - @ August 10, 2024 9:20 pm