Sunday, October 17, 2021

CBN vows Clampdown On Aboki FX Over Forex Manipulations

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The  Apex Bank has said  it will track the owner of Aboki FX, an online platform that gathers and displays parallel market rates in Nigeria, to stop its operations in the country.

The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, made this known after a two-day Monetary Policy Committee meeting held in Abuja.

He said the owner of the website and London-based Nigerian, Oniwinde Adedotun must explain the way he obtains his rates.

Emefiele said the company was registered in the UK in November 2015  and that there were other Nigerians who had significant interest in the business.