FG to ‘shut down’ Aboki FX website, to prosecute owner

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, disclosed this while fielding questions after the Monetary policy committee’s two-day meeting in Abuja on Friday. Emefiele noted that the bank also plans to prosecute the owner of the platform, Olusegun Oniwinde.

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


He said,

“Mr Oniwinde started the AbokiFX operation in 2015 and has since milked the economy by manipulating the exchange

“Oniwinde lives in London while concorting criminal activities on our economy. Our preliminary findings shows that the company continues to file the same cash account in the United Kingdom whereas he maintained about 25 accounts with 8 banks in Nigeria, milking the system and collecting cash through Automatic Teller machines in London. He then sell tens of millions in FX to company’s in Nigeria; we will go after them all.”

“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.”