Nigerian Govt Vows To Clampdown On ‘Aboki FX’ Website Over Exchange Rate

CBN Governor, Godwin Emefiele and Aboki FX
CBN Governor, Godwin Emefiele and Aboki FX

The Nigerian Federal Government through the Central Bank of Nigeria (CBN) has vowed to shutdown the activities/operations of ‘Aboki FX’ over its publication of exchange rates. reports

Aboki FX is a Nigerian economic website which provides details of currency exchange rates which the CBN designated to be an illegal financial platform.

Godwin Emefiele, the Governor Central Bank of Nigeria, made this known shortly after the conclusion of the Monetary policy committee’s (2) two-day meeting in Abuja, where he disclosed that the owner and operator of the platform, Olusegun Oniwinde, would be arrested and prosecuted in accordance to the law.

The CBN accused Olusegun Oniwinde of sabotaging the Nigerian economy through his financial platform ‘Aboki FX’, thereby vowing to collaborate with other relevant security agencies to apprehend and bring him to book.

Emefiele 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.

“There was a particular time I asked our colleagues to find the so-called owner of ‘Aboxi FX’ that we want to engage him to understand his module, his basis and how he came about advertising those rates.

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“We find him as a Nigerian who lives in England and conducts this nefarious and criminal activity on our economy. It is an economic sabotage and we will pursue him. Where ever he is, we will report him to international security agencies. Mr. Oniwinde, we will find you!”

The CBN Governor condemned the operations of the Bureau de Change operators saying the encourage kidnapping, banditry, terrorism and other social vices through the sale of FOREX.

Emefiele  made it clear that the Nigerian Central Bank (CBN) would not continue the sale of FOREX to individuals who purchase arms to hurt innocent Nigerians.

The CBN Governor further reiterated the apex bank’s commitment towards eradicating activities of illegal FOREX traders in Nigeria.


About Amadu Victor Oluwadamilare 414 Articles
Amadu Victor Oluwadamilare is the CEO/Founder of Ayoki News Media, an international informative media platform, aimed at dispensing good and reliable source of information.

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