CBN

As reported by PUNCH, the Central Bank of Nigeria has stated that it will shut down the operations of popular currency exchange provider Aboki FX, which the bank described as an illegal and criminal platform.

Godwin Emefiele, the Governor of the CBN, 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 Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.

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Checks by our correspondent showed that 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.