Team involved in the release of the Libra meme coin planned to launch the token in Nigeria

The country’s head was not directly involved in the process, but negotiations were held with members of his team

18.02.2025 - 12:55

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2 min

What’s new? The company behind the fraudulent LIBRA meme coin promoted by Argentine President Javier Milei was developing a similar project with the Nigerian authorities. However, the Libra scandal means that this project is unlikely to materialize.

Material by The Big Whale

According to information from journalists, Kelsier Ventures planned to issue a meme coin on the Solana blockchain in cooperation with representatives of the Nigerian administration. The materials note that there is no confirmation that Nigerian President Bola Tinubu was directly involved in the process. However, negotiations were held with the participation of members of his team.

What else is known? On February 17, several US law firms, including Burwick Law, announced their intention to file class action lawsuits against the Argentine president. The opposition, for its part, is considering impeachment, accusing Javier Milei and his entourage of complicity in crypto campaigns that led to a scandal worth several hundred million dollars.

One of these companies, US-based Kelsier Ventures, is particularly in the news. In a video interview, Kelsier Ventures CEO Hayden Davis attempted to downplay the case, explaining that meme coins are inherently risky investments and that there is “a lot of conflict of interest” in the sector.

The information that has emerged has sparked a lot of commentary, especially on the backstory of Donald Trump’s meme coin launch. It has not been established whether it was created in collaboration with Kelsier Ventures or some of its partners, but the crypto community continues to look for connections.

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