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A Crypto Project With the intention to Eradicate Poverty Has Written An Open Letter to the EFCC, Says it's Open for Questioning. 

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An ambitious Crypto project iBSmartify, through its CEO Omotade Sparks Amos Sewanu has written an open letter to the Nigerian anti-graft agency, the Economic Financial Crimes Commission EFCC informing agency of its intention to eradicate poverty in the country.


The letter which was posted on twitter via @inksnation handle shows the intention of the CEO to through its own blockchain platform iBLedger which it dubbed ‘Nigeria to the World blockchain’ to eradicate poverty in the country in the next six to nine months.
The CEO claims the iBLedger blockchain will compete with Facebook’s Libra, Telegram’s TON & GRAM, Bitcoin, Ethereum, Hyperledger and other blockchains in the world.
According to the letter, the powerful thing about the “charitable-blockchain” is that it can through the first token iBNaira generate a minimum of $847 billion for the Nigerian Government.
It also said the iBNaira can end poverty by 6 – 9 months by paying every single citizen including children born daily a minimum of N120,000 monthly.
The reason for this he said is because disruption is coming to the world and as such, it’s better Nigeria has its own version of disruption.
The poverty eradication scheme will begin fully on the 12th of November.
He claimed he has applied to SCUML under the name iBSmartify but it’s awaiting the certificate. However, the firm appears to be registered with the Corporate Affairs Commission under the following details:
Registration Number: 2956459
Name: IBSMARTIFY
Address: 23 Yetunde Abu Street
Registration date: 2019-08-15

The website appears to offer unimaginable rewards to those who come in, the type of rewards which is seen in Ponzi Schemes.
While the Anti-graft agency is yet to say anything on the open letter, the move by the firm has attracted criticism from Twitter as can be seen below.


https://twitter.com/brysonadahcole/status/1192412071683604482?s=19


The firm replied those requesting for White Paper on the same thread


The 12th of November is just six days away and as the CEO said, it is open to questioning.