The Central Bank of Nigeria has said that it will shut down the operations of Aboki FX, a provider of currency exchange information, which the bank described as an illegal and criminal platform.
The Governor of the CBN, Godwin Emefiele, who disclosed this while fielding questions after the Monetary policy committee’s two-day meeting in Abuja on Friday, noted that the bank also plans to prosecute the owner of the platform, Olusegun Oniwinde.
He said, “I have given instructions to our experts to go after his website and let it be clear that we will go after him, because we can’t allow this to continue.”
According to the Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.
But the website, Aboki FX, is still up as of time of filing this report.
Naira-dollar exchange rate has soared on the platform in the last couple of days. The platform currently recommends that Bureau de Change Operators buy dollar at N560 and sell at N570.
The newly elected President of the Adekunle Ajasin University Students’ Union, Akungba-Akoko, Ondo State, Folagbade…
Party leaders, stakeholders and faithfuls across MOBA, IDO OSI and ILEJEMEJE Local Government Areas have…
... Affirms APC Elected Council Chairmen, Councillors' Reinstatement The Ruling Accord in Osun State under…
News Update THE All Progressives Congress, APC, has cleared 48 aspirants to participate in the…
News Update Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Mustapha Abdullahi,…
The leadership of the Osun Online Publishers Association (OOPA) on Tuesday paid a courtesy visit…