Naira Free Fall: Aboki FX website, owner in trouble

As Nigeria’s naira slide freely down against the dollar, between N560 and N570 a dollar, the federal government is taking all measures, including non-official source of forex dealing and information in Nigeria.

The first target is www.abokifx, an online platform that teaches Nigerians how to trade the naira against the dollar.

CBN has described it as a criminal platform.

“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,” CBN Gov Godwi Emefiele said after the Monetary policy committee’s two-day meeting in Abuja on Friday.

He said the apex bank will also prosecute the owner of the platform, Olusegun Oniwinde.

According to the Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.