AbokiFX

AbokiFX suspends publishing of daily foreign exchange rates

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In the late hours of September 17, 2021, foreign exchange rate publishing platform, AbokiFX published a statement on Twitter, saying it will suspend publishing of daily foreign exchange rates, following allegations of “Economic Sabotage” from the Central Bank of Nigeria. This development comes after a series of images circulated on social media on September 16, which pictured the CBN requesting the account statements of AbokiFX and its owner, Oniwinde Adedotun, as well as a number of high profile secondary schools in Nigeria.

There are speculations that the central bank of Nigeria intends to redeploy a similar tactic to 2016 when it unified the Dollar/Naira rates to $366/N1 from $500/N1. Some see this development as an attack on freedom of the press, while others see this as a move that will heal Nigeria’s steadily depreciating economy.

Read AbokiFX’s statment below

Read more – Why AbokiFX is being investigated for “Economic Sabotage” – Nairametrics

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