Gredo Group Threatens ₦1 Billion Legal Action over Alleged Defamatory Publication by Nairametrics
A legal dispute is brewing between Official Gredo Limited and Nairametrics Financial Advocates Limited, following a strongly worded demand letter alleging defamation over a publication that reportedly linked the company to unlawful cryptocurrency activities. The letter, dated April 2026 and issued by counsel, Gabriel Chikwado Eze of Paraclete & Earth Increase LP, sets out a series of claims and demands, warning of imminent legal action if remedial steps are not taken.
According to the correspondence, counsel to Official Gredo Limited accused Nairametrics of publishing a defamatory article on October 23, 2024, titled “Nigerian Court convicts crypto firm over unlicensed USDT-Naira trading, transfers N140 million to FG.” The publication allegedly identified Official Gredo Limited as th...