The management of Abokifx, a website that publishes the parallel market exchange rate of the naira against other currencies has disclosed that the website will suspend publishing rates after the Central Bank of Nigeria threatened the group.
This was made known in a statement published on its website on Friday.
The statement reads, “abokiFx has taken the decision today, the 17th of September 2021, to temporarily suspend rate updates on all our platforms, until we get better clarity of the situation.”
It also said the final rates have been posted Friday evening and that its news section and the Crypto rates section will still be active.
TOS NEWS reported on Friday how CBN accused Abokifx of carrying out an “illegal activity that undermines the economy, and vowed to arrest Oniwinde Adedotun, the publisher of the platform.
CBN Governor, Godwin Emefiele described Adedotun as an illegal FX dealer when he was responding to questions at the end of 280th Monetary policy meeting of the apex bank in Abuja on Friday.
He said ,Oniwinde Adedotun will be prosecuted for endangering the Nigerian economy, noting that, only the apex bank can determine the value of the naira, according to CBN Act, section 2.
According to him, Oniwinde started the AbokiFX operation in 2015 and has since milked the economy by manipulating the exchange rate.
“Oniwinde lives in London while concorting criminal activities on our economy. Our preliminary findings show 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 sells tens of millions in FX to company’s in Nigeria; we will go after them all,” he said.
In the statement published on Friday, abokiFX management debunked the CBN claims, saying all allegations towards it’s director were not confirmed.
“All allegations against our director are yet to be confirmed but we at abokiFX DO NOT trade FX nor do we manipulate parallel market rates.
“Outside the media allegation, we have not received any communication from any government body and our accounts are not closed as stipulated in the media.
“We sincerely hope this suspension will lead to the Naira appreciation from next week.”