By Ishaya Ibrahim, News Editor
AbokiFX, the online platform that publishes parallel market exchange rate, has suspended the rates on it’s website following allegation by the Central Bank Governor, Godwin Emefiele that it is sabotaging Nigeria’s economy with its publication.
Announcing the suspension of the rate on it’s website, AbokiFX says: “We hope our suspension of publishing any form of rates on our platforms for now will lead to Naira appreciation from next week.”
Emefiele had accused the publisher of AbokiFX, Oniwinde Adedotun, of manipulating the FX market with his website, a website that only collects trading data from operators of FX.
But in a notice shared on its website on Friday September 17, AbokiFX says that it will “temporarily suspend rate updates on all their platforms until they get better clarity of the situation”.
The statement reads; “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.
“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.”