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.
Even if the Nigeria fiat price comes down the government will still find a way just to paint cryptocurrency negatively, I have said it before and I will still say that the government doesn't know what they are fighting against and the reason why the government takes it serious is that the youth are making a lot of money in cryptocurrency and they don't want the youth to progress, they want the youth to be crawling on their kneel and be asking for what they will eat, we all know how greedy how the government is and they don't want wants anything that will make people of the country progress.
All this online have been used for many years and no government has complained about all this before but after the new government everything changed, this shows that nothing concerned cryptocurrency with what is affecting Nigeria's economy, the government knows what is affecting Nigeria and they won't solve the problems and they will keep blaming what did not even concern the problem, although sometimes dollar exchange affect the Nigeria fiat but not this way that the government is complaining.