The Centre Bank of Nigeria(CBN) has said that it will shut down the operations of abokiFX, a website prividing currency exchange rate information for naira.
CBN Governor, Godwin Emefiele, disclosed this while fielding questions after the Monetary Policy Committee’s two-day meeting in Abuja, on Friday.
He described the website as an illegal and criminal platform, noting 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, CBN doesn’t recognise any forex market window besides the Investors and Exporters window.
Checks by Newspeakonline showed that the website 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 N555 and sell at N565.