Just In: Exchange Rate: CBN To Shut Down Popular Aboki FX Website

The Central Bank of Nigeria has announced that it will shut down the operations of Aboki FX, a provider of currency exchange information, which the bank called an illegal and criminal platform.

The Governor of the CBN, Godwin Emefiele, who said 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.

According to him, “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.”

Emefiele also said that the CBN doesn’t recognize any forex market window except the Investors and Exporters window.

Naira-dollar exchange rate has drastically increased 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.