FOREX: FG to investigate founder of Aboki FX


Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the investigation of Oniwinde Adedotun, the founder of AbokiFX, a website providing currency exchange information.

Emefiele disclosed this while fielding questions after the Monetary Policy Committee’s two-day meeting in Abuja on Friday, describing AbokiFX as an illegal and criminal platform.

“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.

“He is a Nigeria, living in England, we will track him, Mr Oniwinde, we will track you.

“We cannot allow you to continue to kill our economy,” Emefiele said.

The CBN governor added that the apex bank had been investigating the AbokiFX website and its owners in the last two years.

According to Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.

Emefiele alleged that Oniwinde uses his website for forex manipulations and speculations by purchasing forex to make a profit, describing the act as “completely illegal and unacceptable.”

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.


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