Home NEWSGOVERNMENT Federal Government to Ban Foreign Exchange Website Aboki FX

Federal Government to Ban Foreign Exchange Website Aboki FX

by InlandTown
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On Friday, the Federal Government through the Central Bank of Nigeria said it would shut down the operations of popular foreign exchange website, ‘Aboki FX’ which provides currency exchange information.  The CBN Governor, Mr Godwin Emefiele made this known after a Monetary Policy committee meeting in Abuja. At the meeting, plans were revealed to arrest and prosecute the owner of the platform, Mr Olusegun Oniwinde who resides in England. “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 cant allow this to continue” the CBN Governor said.

Speaking further, the CBN Governor said he had asked his colleagues to engage him on how his module worked and find out how he came about his advertising rates. He accused Mr Oniwinde of sabotaging Nigeria’s economy and promised that they were ready to collaborate with security agencies to track him down. “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.” The CBN Governor said.

Aboki FX website collates black market exchange rates in Nigeria and publishes. Over the years, the website has been seen as the most trusted platform to get live exchange rates.

 

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