There is a lawsuit against many regulators and the government of Nigeria about their hostility against cryptocurrencies in Nigeria by a crypto activist and politician James Otudor. According to the news, he is receiving support from the local cryptocurrency community. We all know how the regulators and government strictly against P2P transactions in Nigeria and how they told some P2P exchanges to stop providing crypto/naira P2P services to Nigerians. I think this is worth knowing.
https://cointelegraph.com/news/nigerian-crypto-activist-james-otudor-gains-community-support
He also addressed the misconception about how cryptocurrencies are mostly used for fraud. I think we should leave this because we all know already how naira and other fiat are used by terrorists, bandits, and by those that wants to collect ransom after they abducted someone. We also know already that even if the fiat is bad in the society, the government will still continue to make it a legal tender because they only see the usefulness.
This is a step in the right and indeed mean so well for every crypto enthusiasts out there for we to operate freely, the economy is bitting so hard that people can barely survive and now lot of no longer rely on government provision of jobs to survive and therefore has resorted in doing some online jobs, crypto jobs and as well as investment into Bitcoin and trading of cryptocurrency to survive ,thereby using cryptocurrency as a payment gateway
This legal action by this Nigeria politician James Otudor is highly commendable as crypto lovers in Nigeria has been pushed to the wall and is due time that they speak out ,However, we all know how the judiciary system here in Nigeria works ,the government controls everything and runs a monopoly system of government, where the government at the centre controls the other two arms of government, the Judiciary and the legislative arms of government, therefore except this banning of P2P affected most of our politicians and where we have majority of them go lobby the court to rule this case in their favour, else the federal government would tell the court to throw this case away and the case dies.