✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

My sister lost over N50m to crypto – Seun Kuti

Seun Kuti, the youngest son of late Afro-beat maestro, Fela Anikulapo-Kuti, has claimed that his sister lost over N50 million in cryptocurrency.

Cryptocurrency is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it

Speaking in a video that has since gone viral, Kuti voiced his frustrations at the currency, accusing its promoters of exploiting the poor.

SPONSOR AD

While describing it as a scheme that transfers wealth from the poorest to the richest, he likened it to gambling.

He said: “Crypto is a lie. You people are criminals, trying to steal from poor people. It’s nothing but a wealth transfer from the poorest to the richest, just like gambling.

“You all promote and push it, but it’s all about wealth transfer. You’re all part of this plan to shift wealth from the poor to the pockets of the rich.

“There’s no freedom in crypto. More Africans have lost money to this than those who have made a profit from it.”

Sharing the personal toll it had taken on his family, he said: “Should I tell you how much my sister has lost to crypto. I warned her, but she didn’t listen.

“I can’t even tell you how much she has lost. Over N50 million!. My sister, my own blood sister. This is how many Nigerians have lost millions.”

Sponsored

Discover the latest trends on Temu! Shop mobile phones, fashion, beauty, home essentials & more. Start exploring now!


Click here to learn how it works.

Sponsored

Unlock AI's potential! Get top prompts for content, blogs, social media, research, draft proposals and more. Boost creativity start using AI tools today!


Click here to learn how it works.

Sponsored

Start Affiliate Marketing Today! Learn step-by-step how to set up a blog, find programs, create links, and earn money—beginner-friendly guide inside!


Click here to learn how it works.

Sponsored

Join our FREE WEBINAR! Discover the 3-step formula to turn WhatsApp into a cash-generating machine. Sign up now and start earning!"


Click here to learn how it works.

Sponsored

Master Facebook Ads! Learn to set up Business Manager, run campaigns, optimize budgets, and drive sales. Start your journey to ad success today!"


Click here to learn how it works.

Sponsored

Unlock your confidence and attract the love you deserve! Learn how to become irresistible to women—start your transformation today!"


Click here to learn how it works.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.