According to unconfirmed reports, the team behind LIBRA was also in talks with Nigerian officials to launch another shaky meme coin. As of now, there is no evidence connecting President Bola Tinubu to LIBRA, but his team was reportedly in close talks.

Hayden Davis, the CEO of LIBRA’s market maker, claimed that he’s been flooded with offers to facilitate more rug pulls.

The controversial LIBRA meme coin, endorsed by Argentinian President Javier Milei, has become the center of a massive rug pull allegation. After the meme coin fell from a $4 billion market cap, President Milei disavowed his connections. As a consequence, he is now facing investigations and impeachment threats.

More surprisingly, according to a recent report, the team behind LIBRA was planning another meme coin launch alongside the Nigerian government.

The key connecting LIBRA and Nigerian officials is Hayden Davis, CEO of Kelsier Ventures. He is a US citizen and, therefore, may give the FBI and DoJ jurisdiction to investigate the LIBRA debacle.

Earlier, Davis participated in a lengthy interview, where he casually admitted to a number of major financial crimes. These crimes, he said, have given him new opportunities:

“I don’t even want to [launch more meme coins], and don’t even know how I would. I mean, I’ve gotten very good at being a launch strategist. Even today, with how much hate there was, there’s been 20 people asking ‘hey, when do you want to do this one?'” Davis said in the interview with Coffeezilla.

These alleged talks with the Nigerian government took place before the LIBRA rug pull. However, Davis’ comments highlight how one successful scam can bridge to another in the criminal underground.

Community sleuths theorized that Davis was behind the MELANIA meme coin and associated scams, and he confirmed those accusations in the interview.

In other words, MELANIA may have given Davis the clout to connect with Nigerian officials even before LIBRA. The report could not confirm that Nigeria’s President was involved in this scheme.

Yet, “the project was well advanced,” and several members of his team were active participants. Nigeria has warmed to the crypto space recently, adding credibility to the claims.

Political meme coins have swept through the crypto space, and its brightest members are unsure of how to combat them. Previously, hackers have targeted former heads of state like a Brazilian President and Malaysian Prime Minister to launch fake meme coins.

If Javier Milei can pump LIBRA or Bola Tinubu can pump a real Nigerian meme coin, it’d be a whole new paradigm.

“Crypto is ruthless. True builders don’t just compete for profit, clients, and exposure—they fight against meme narratives and now political coins draining liquidity. TRUMP, LIBRA, and every fleeting hype cycle add pressure, but real builders rise and let their work speak,” wrote Edwin Mata.

Hopefully, the LIBRA meme coin’s catastrophic implosion has led the Nigerian government to back away from this deal. Audacious crypto scams are enjoying their moment in the sun, and they could seriously damage the industry’s reputation.

If the average newcomer associates the entire crypto business with fraudsters and rug pulls, it might take years for us to rebuild.

The post LIBRA Team Was In Talks to Launch a Meme Coin with the Nigerian Government appeared first on BeInCrypto.

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