Headline

BREAKING: FG To Shut Down Popular Aboki FX Website Over Exchange Rate Saga

FG is set to shut down the popular Aboki FX Website over Exchange Rate Saga.

 

 

Newsonline reports that the Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform.

 

SEE ALSO: AbokiFX CEO Adedotun Oniwinde Faces Probe Over ‘Illegal’ Forex Trading

 

This online newspaper understands that Governor of the Central Bank of Nigeria, Godwin Emefiele, 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 the Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.

Checks by our correspondent showed that the website, Aboki FX, is still up as of the 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.

 

Details soon…

NewsOnline Nigeria

Recent Posts

  • Headline

Tinubu Whereabouts Unknown Six Days After WEF Forum Ended In Saudi Arabia

President Tinubu whereabouts have remained unknown to the public six days after the WEF Forum…

8 hours ago
  • Opinion
  • Tech

President Tinubu Must Keep His Campaign Promise On Nigerian Crypto Industry

Nigerian young resident population now feels more mistrust and bewilderment, because of the FG’s recent…

9 hours ago
  • Crime Watch
  • Top Stories

Wike, Others Risks Arraignment Over Inability To Account For N5.9 Trillion, $4.6bn Loans

Wike among others risks arraignment over inability to account for N5.9 Trillion and $4.6bn Loans.…

9 hours ago
  • Crime Watch
  • Headline

BREAKING: EFCC Speaks On Viral List of Former Governors Being Investigated For Fraud

EFCC has spoken on the viral list of Former Governors being investigated for alleged fraud,…

9 hours ago
  • Economy And Business
  • Headline

BREAKING: FG Move To Ban $57bn Crypto Businesses In Bid To Rescue Naira

FG has moved to ban the $57bn Crypto Businesses in bid to rescue the Naira.…

12 hours ago
  • Brands & Marketing

Zenith Bank and AfCFTA Launch Innovative Smart Trade Portal

Zenith Bank and AfCFTA have launched an innovative smart trade portal.   NewsOnline Nigeria reports…

12 hours ago