CBN to shut down popular exchange rate website Aboki FX

Launches manhunt for Aboki FX founder
The Central Bank of Nigeria has declared its intention to clampdown the operations of Aboki FX, a website offering currency exchange information.

The apex bank described the website as an illegal and criminal platform.

CBN Governor, Godwin Emefiele, told reporters on Friday that it will also 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.”

He said the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.

Meanwhile, Emefiele announced that the CBN will not rescind the ban of forex sales to Bureau de Change operators.

He explained that BDCs operators sell foreign exchange to criminals who import weapons to harm Nigerians and promote different forms of terrorism.

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