FG Blames Aboki FX Website For Increase in Dollar Rate, To Close It Down!

why-cbn-wants-to-ban-aboki-fx

The Governor of the Central Bank of Nigeria- CBN,  Godwin Emefiele, has disclosed that it will shut down Abokifx website and prosecute the owner, identified as Olusegun Oniwinde.

The Federal Governemnt through the CBN described abokifx website as an illegal and criminal platform.

Aboki Fx is a website that gives daily FX rates as well as other financial information. The reason behind the clamp down is speculated to be behind the persistent and galloping rise of the dollar exchange rate to the naira, putting more pressure on the local currency. According to Aboki Fx, the dollar stands at 570 to the naira in the parallel market or black market.

Aboki Fx currently stands as a quick board to view daily and current FX exchange rates and perhaps, the CBN is challenging their authority to do so or rather, how they come about their exchange rates.

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