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#EndSARSNow: Central Bank of Nigeria Allegedly Summons Flutterwave, Cuts Off Donation Accounts

Ola Olaoluwa
Ola Olaoluwa

The word on micro-blogging platform, Twitter is that the federal government of Nigeria have summoned Nigerian fintech, Flutterwave via the Central Bank of Nigeria in a bid to strategically frustrate the support machineries of the on-going #ENDSARS movement across Nigeria.

Some allege that Flutterwave's contribution to the movement has been deemed 'terrorism financing' by the Nigerian government.

Many say the summon is possibly to question it for its part in the fundraising process and/or to stop it from providing its platform for donations towards the #ENDSARS protests.

Note that Flutterwave had initially raised an inhouse donation of N2 million to help take care of the medical bills for the people injured at the protests. The donation has since then been opened to the members of the public who have since contributed well over 12 million Naira.

In light of the alleged summon, the Twitter community have taken turns to condemn the update:

Also, a feminist group, the Feminist Coalition has reported that its bank account which it used for donations has been blocked and the link being used to donate through Flutterwave has been deactivated.

The group has since asked people to donate using bitcoin:

There are different questions on social media as to why exactly the government has summoned Flutterwave concerning the protest because the act of peaceful protesting is legal and allowed by Section 40 of the Amended 1999 constitution.

The #ENDSARS protest demands the nullification of the Special Anti-Robbery Squad (SARS) after many citizens have suffered atrocities at the hand of the group which was originally created to combat robbery.

Goal of the #ENDSARSNOW protest by Nigerian youths

Finally, Nigerians have pledged their support for the fintech company and others who have stood by the youths in the demand for a presidential order to completely eliminate SARS, stop police brutality and attend to all of the 5 goals of the #ENDSARSNOW protest.

Nigeria In Focus:

Population: 206.6 million (Compared to South Africa's 59.6 million)

GDP: $504.57 billion (Compared to South Africa's $369.85 billion)

GDP Per Capita: $2,465 (Compared to South Africa's $6,193)

News

Ola Olaoluwa

Writer | Economist | Actor | Fashion Entrepreneur