Currency speculation is illegal.

so abokifx is even owned by a yoruba guy... i thought it would be owned by a hause guy, hence the nema abokifx.

Useless govt

So if I need dollars, I should just walk straight to my bank and get it na so he easy. The same bank that can't allow me to order an item that is above 100 dollars monthly.

I don't understand this.
So because this man has created a tool for price discovery he has committed a sin?

This emefiele guy is mad

Aboki fx has been around for long,naira no dive.buhari n he goons enter power scatter d naira now na mirage dem dey pursue instead of implementing good policies.

Hismasterpiece:
so abokifx is even owned by a yoruba guy... i thought it would be owned by a hause guy, hence the nema abokifx.

he would have been untouchable if it was owned by an aboki.

Anyone here that can help me out with student loan please

pat077:
he would have been untouchable if it was owned by an aboki.

why do you say so?

Cbn

Another one bites the dust. He claimed to be a British citizen who sits down in his comfy in London and fixes parallel exchange rate to raise the incentive for speculators.
This is a bit late for CBN to have figured since but it's better late than never. This forex racketeering and speculation just has to stop! He dare not try this criminal activity in the UK, his adopted country, but he is sitting overseas and using his education to wreck an already bad situation yet folks are here wondering what his going on The CBN governor is right that he will make sure the guy face charges for economic sabotage.

Go and check out comments and posts by this Oniwinde guy, he will even be among those blaming Buhari and Emefiele! There are many Oniwinde here on Nairaland.

All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria.

“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 it,”

I said the above yesterday and some people that know nothing on how the fx market operates and how it can be influenced by a platform like abokifx were talking trash.

If you deal on dollars and also follow abokifx last week, you would have noticed that between Tuesday and Thursday that something was fishy.

CBN Confirms Investigation Of Oniwinde Adedotun, Abokifx Founder

When CBN confirm Investigation of Nigerian Bank Executives who are playing them and their rules like table tennis?

JohnSin97:
They want to bring our Yoruba brother down. He's taking the business of aboki BDC.


How many abokis have they picked up on the street for selling dollar at mad rates.....one Nigeria yoruba fools will not smell the coffee until it's too late.

From EFCC attacks on businesses in the west to draconic laws against Yoruba tech firms..... it's clear that economic sabotage of Yoruba's is in gear. The annoying thing is the ignorance of most Yorubas to what is happening. People like seun osewa and this his website is another to priority for this people to sabotage.

This guys comment is a clear cut pointer as to why we cannot succeed as a nation

CrazyGranddad:
Currency speculation is illegal.

Do you understand what currency speculation is? How and why is it illegal? That is the foundation of the forex market, banks, businesses and even countries do this.

ifex370:


This guys comment is a clear cut pointer as to why we cannot succeed as a nation

Please don't make same mistake you are accusing him of.
He is speaking for himself not for Nigerians. Na dem dem; they are all about whataboutism while they use their education to destroy what others are building. He or she may not even be in Nigeria! They blame Buhari and Emefiele for protecting the rest of the innocent citizens from their greed and ungodly sabotage of our national currency.
Imagine how anyone won't see anything wrong in one random guy singlehandedly fixing parallel exchange rate here in Nigeria from his room in the UK and not even claiming to be a Nigerian and not based in Nigeria! The company itself is registered in the UK with £1000 in its account for 6 years yet moving millions of USD here in Nigeria and fixing exchange rate!
They are many! I pray that God will help PMB and Emefiele end their reign of terror and economic sabotage.
May God bless Nigeria.

ifex370:


This guys comment is a clear cut pointer as to why we cannot succeed as a nation

I won't interpret what you said to mean anything cus I don't understand. But being delusional in the face of sabotage is equal to stupidity. Delusional to the way individuals from certain groups are being treated....you may pride yourself as a one Nigerian progressive but to the average aboki when the riot starts you're simply bush meat.

so abokifx na yoruba

alizma:
“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 it,”

I said the above yesterday and some people that know nothing on how the fx market operates and how it can be influenced by a platform like abokifx were talking trash.

If you deal on dollars and also follow abokifx last week, you would have noticed that between Tuesday and Thursday that something was fishy.

You're joking.

How long has AbokiFX been in operation? Since from time immemorial there has always been a parallel USD/NGN market that trades at a premium and there will always be until international trade settlement is no longer in USD and the CBN can sufficiently meet demand.

Market prices are a reflection of supply and demand amongst other things. AbokiFX only publishes the prices as they are, it is a tool for price discovery and every reasonable market has one. It does not influence the market in any way, it is the unreasonable policies of this government that has caused this chaos.

FreeStuffsNG:

He is speaking for himself not for Nigerians. Na dem dem; they are all about whataboutism while they use their education to destroy what others are building. He or she may not even be in Nigeria!
Imagine how anyone won't see anything wrong in one random guy singlehandedly fixing parallel exchange rate is not even claiming to be a Nigerian and not based in Nigeria! The company itself is registered in the UK with £1000 in its account for 6 years yet moving millions of USD here in Nigeria and fixing exchange rate!

The funny part of it is that an average Nigerian just clearly defended the stupidity in the concept. Whether or not he stands something to gain.

The CBN is actually trying to help us out here. They have nothing to lose after all.

adonainana:

If you need dollar like 1 million dollars to import raw materials go to your bank and wait for 6 months so you can wait for another 6 months for dollars bank themselves don’t have

If you want to sell dollar go to your bank and sell lower than you will sell in the street. I hat you should sell for 550 go to your bank and sell for 450

I don’t know who Nigeria offend oooo by allowing these people to make decisions for us

This is really bad

These guys at clueless, just jumping from one policy to another

Anyway pls I send pounds to naira check my avatar

I beg to disagree CBN is just doing the right thing, though it may be difficult to achieve. There should be only one exchange rate ie CBN rate theres nothing like aboki rate its pure sabotage. One important thing CBN needs to work on is make dollars more available to banks and outlaw the use of so called bureau de change, that way the actual demand and supply of dollars is monitored and used to regulate rates.

FreeStuffsNG:

Please don't make same mistake you are accusing him of.
He is speaking for himself not for Nigerians. Na dem dem; they are all about whataboutism while they use their education to destroy what others are building. He or she may not even be in Nigeria!
Imagine how anyone won't see anything wrong in one random guy singlehandedly fixing parallel exchange rate here in Nigeria from his room in the UK and not even claiming to be a Nigerian and not based in Nigeria! The company itself is registered in the UK with £1000 in its account for 6 years yet moving millions of USD here in Nigeria and fixing exchange rate!

I've always said that you're a poor rettarded fagg0t who doesn't understand the basic concept of capitalism, poor chimps like you justify bringing down successful people because you're a frustrated urchin. Don't speak on matters that you don't understand.

post=105909628:

Incoherent jargons as usual.
Instead of you to be patient and read comments from people who know about this, you are here embarrassing yasef online.

Adedotun is now an aboki name to you aight?
Y'all will be alrite las las.....

You are the one not reading well. He said aboki business. Is BDC not aboki business? He is not talking of the founder of abokifx.

You have sold your conscience and your future generation cos of BMC stipends. Doing blind following. It is so sad

JohnSin97:



I've always said that you're a poor rettarded fagg0t who doesn't understand the basic concept of capitalism, poor chimps like you justify bringing down successful people because you're a frustrated urchin. Don't speak on matters that you don't understand.

Cc Seun Myndd44 Lalasticala
Since I don't use uncouth words and can't engage in idle unproductive exchanges 'successful' folks like you enjoy, I will just report you to the mods.

We will not allow you kill our nairaland with toxic comments like you did with Twitter.
God bless Nigeria.

etokhana:
https://www.nairaland.com/6756639/cbn-shuts-down-abokifx-bank#105876490



https://www.thecable.ng/breaking-cbn-confirms-investigation-of-oniwinde-adedotun-abokifx-founder/amp

One thing I’ve come to understand about this current government, instead of them finding solutions of how to stabilize the country’s economy they’re out trying to witch-hunt people who are doing their business, let’s get this straight if your economy is stable enough to make one dollar to one naira nobody will even dream of dealing with Abokifx at the first place, you people should fix the damn economy and stabilize Naira to dollars transactions Abokifx isn’t the problem.

Really

but cant name boko haram sponsors

So na my brother dey behind abokifx.com? I was always thinking malams have gotten it right for the first time my joining the leading ICT generation of youths by founding this great fx info website. Na wah oo.

JohnSin97:
They want to bring our Yoruba brother down. He's taking the business of aboki BDC.


How many abokis have they picked up on the street for selling dollar at mad rates.....one Nigeria yoruba fools will not smell the coffee until it's too late.

From EFCC attacks on businesses in the west to draconic laws against Yoruba tech firms..... it's clear that economic sabotage of Yoruba's is in gear. The annoying thing is the ignorance of most Yorubas to what is happening. People like seun osewa and this his website is another to priority for this people to sabotage.

You are just talking gibberish. Both the Yoruba's & abok!s run this racket together. They both run the market, even though abokis are more in the business but when it comes to making profit, they both speak the same language.

Once som1 is threatening their criminal activities or giving vital information they have decided to hide from he public boom they're under investigation