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AbokiFX Suspends Currency Rate Updates In Aftermath Of CBN Crackdown


September 17, (THEWILL) – AbokiFX, the website that quotes daily foreign exchange rates against the naira, has announced the interim suspension of the updates on its platform following serious allegations of currency manipulation, speculation and illegal dealings in forex leveled against it by the Central Bank of Nigeria, CBN.

Godwin Emefiele, CBN Governor, had earlier today vowed to prosecute the founder, Oniwinde Olusegun Adedotun after confirming THEWILL’s Thursday exclusive report that the regulator had launched an investigation into the company and Oniwinde’s activities and blocked bank accounts linked to them.

Emefiele alleged that Oniwinde and his company operate 25 bank accounts in eight banks that are filled with money from his alleged speculative activities.

According to Emefiele, “The founder of AbokiFX is an illegal dealer with tens of millions invested across several Nigerian companies,” but vowed to track him down in his UK abode and have him prosecuted.

AbokiFX released the statement below.