FemCo And Its Public Finance Accountability Questioned

March 13, 2021
13 Views

The Feminist Coalition (FemCo) has been accused of dicrepancies in its reportage of bitcoin funds donated for the #EndSARS protest, after it claimed a transaction initiated in Nov 2020 didn’t arrive until March 2021, citing low fees.

The group was also accused of not being upfront about its spending.

The feminist group had issued a statement addressing the bitcoin transaction. The March 5 alert was a confirmation of a transaction they initiated on November 16, 2020, according to the FemCo statement.

The group explained that the transaction was part of the sale of 7.21958757 BTC from the #EndSARS wallet for N57,590,000 in naira.

The group said the delay in confirming the bitcoin transaction was a result of them choosing a low “network fee”.

Check the tweet from the Feminist Coalition below:

“One of my followers alerted me to this charity org in Nigeria that appears to be lying about potentially embezzling #BTC funds.

“They claim a transaction initiated Nov 2020 didn’t arrive until March 2021 – due to low fees. Sounds like BS to me,” a twitter user, @TheCryptoDog, wrote.

Also, popular writer, David Hundeyin, in a Twitter thread condemned the organization.

See below:

Last year, the group consisting of 14 women from various forms of activist and non-political backgrounds, became the unofficial rallying voice and coordinating center for the EndSARS movement after establishing a fund that raised nearly 150 million naira ($393,700) to support protesters.

The group aided and sustain the protests with vital facilities such as legal assistance, emergency medical treatment, gloves, and raincoats.

Founding members of the group are: Damilola Odufuwa, Odunayo Eweniyi, Layo Ogunbanwo, Ozzy Etomi, Ire Aderinokun, Fakhrriyyah Hashim, Oluwaseun Ayodeji Osowobi, Jola Ayeye, Laila Johnson-Salami, Karo Omu, Obiageli Ofili Alintah, Tito Ovia, Kiki Mordi, and FK Abudu.

You may be interested

Buhari’s Government detained several Nigerians over free speech – Group replies Lai Mohammed
News
News

Buhari’s Government detained several Nigerians over free speech – Group replies Lai Mohammed

Webby - April 15, 2021

A group, Concerned Nigerians, has lambasted the Minister of Information and Culture, Alhaji Lai Mohammed, for insinuating that “unpatriotic Nigerians”…

JUST IN: Buhari returns to Nigeria after two weeks medical checkup in London
News
1 views
News
1 views

JUST IN: Buhari returns to Nigeria after two weeks medical checkup in London

Webby - April 15, 2021

President Muhammadu Buhari has returned to Nigeria after spending about two weeks in London.Buhari had left the country on March…

News

PDP congress: Saying I am ‘quiet but deadly’ wicked, Makinde replies Fayose

Webby - April 15, 2021

[unable to retrieve full-text content]

Leave a Comment

Your email address will not be published.