CBN Governor, Godwin Emefiele
By Our Reporter
The Central Bank of Nigeria has accused the Abokifx, a website that collates the black market exchange rates of naira, of carrying out an “illegal activity that undermines the economy”.
The CBN governor, Godwin Emefiele, said the publisher of platform, Oniwinde Adedotun, was involved in “illegal forex trading”.
The CBN has come under pressure in recent weeks after the value of naira plummeted following the bank’s decision to stop the sales of dollars to Bureaux De Change operators a month ago.
The value of the currency fell to 570 on Friday from less than 520 a dollar it traded before the ban. Most local newspapers rely on Abokifx for the parallel market rates.
Addressing journalists on Friday after the Monetary Policy Committee meeting that began Thursday, Mr Emefiele said the apex bank had been studying the activities of abokiFX in the last two years.
“There was a time we asked our colleagues to call the abokiFX to ask how he conducts the rates,” he said
