Tobi Adebayo
Forex publishing platform, AbokiFX has reacted to its suspension by the Central Bank of Nigeria.
CBN governor, Godwin Emefiele had announced the suspension on Friday and alleged that the platform had been involved in illegal forex transactions and manipulation of the forex market.
Emefiele also said that the founder of AbokiFX, Oniwindu Adedotun would be investigated and brought to book.
Reacting to the suspension in a statement posted on the website, AbokiFX said that it hoped the suspension would “make the naira appreciate by next week.”
The statement read in part “All allegations against our director are yet to be confirmed but we at abokiFX DO NOT trade FX neither do we manipulate parallel market rates.
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“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.
“abokiFX is fully functional BUT we will not be publishing any form of rates on our platforms for now.
“We sincerely hope this suspension will lead to the Naira appreciation from next week.
“With our decision to temporarily suspend online rate publication, we are aware that there will be limited visibility of parallel rates information which will impact decision making for many.”
