CBN declares AbokiFX founder wanted over naira collapse
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) says the apex bank will track Oniwinde Adedotun, the founder of AbokiFX and the firm over posting of illegal naira-dollar rates. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. On the platform, naira is quoted at 570 to the dollar at the parallel market, though the apex bank had described it as an illegitimate market. “The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get…