Nigeria’s crooked Central bank governor has gone after the owners of AbokiFx, a private website that reports current Naira exchange rates.
Somehow the embattled governor is blaming the private reporting site for the naira rate that has crashed to 570 in the parallel market at the close of business on Friday.
Experts say that Emefile loves to widen the gap by hoarding dollars as then his private cabal can sell their money or use it for private transactions and make the difference between the official rate at 412 and the parallel market rate.
It is recollected that when Buhari was sick and Osinbajo took over, VP Osinbajo quickly increased the release of dollars and stabilized the exchange rate at 360 for over a year till Buhari returned and Emefiele once again continued to hoard dollars and only sell to the super-wealthy at the government rate, thus allowing the free fall at the parallel market to approach 600 today.
Punch Reports on Emefiele’s Persecution of Nigeria’s Entrepreneur Behind ABokiFx
17 September 2021
The Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, who disclosed this while fielding questions after the Monetary policy committee’s two-day meeting in Abuja on Friday, noted 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 the Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.
Checks by our correspondent showed that the website, Aboki FX, 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 N560 and sell at N570.
