Of course they will look for a scapegoat. Just like Twitter was blamed for endsars protest, so will they blame abokiFX for Naira fall.

ifex370:



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.

The funny part is you stupidly thinking that the CBN has the interest of the average nigerian at heart. Aboki bdc's have done more damage to the naira but CBN hardly goes after them, Jonathan left the naira at #180/$, buhari/emefile's CBN have devalued it to #550/$...the school fees I pay for my sister studying abroad has automatically increased yet your foolishness tells you that CBN is just trying to help out.

FreeStuffsNG:


Cc Seun Myndd44 Lalasticala
Since I don't use uncouth words and can't engage in idle unproductive exchanges, 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.

Zone B ward c

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.

Maybe the next move would be on seun osewa, founder of nairaland.com. we'd Mob them in abuja , should they try it cos NL is what gets most of us going daily. If I neva come nairaland.com, my body go dey do me somekain. I read nairaland.com news when while driving. I'm that addicted

airsaylongcome:
Futile effort. AbokiFX has spent years investing in building up their data sources. And have gained reputation for sharing market rates rather than the false rates this Agbor Dundee is trying to force down our oesophagus. AbokiFX founder should just migrate to his business to Estonia or some other tech friendly country.

Very soon Nigerian government will start chasing people who share actionable data on various sectors of the country. AbokiFX is a legit business data source and nothing the current regime will can stop them

AbokiFx is probably black market rate not bank rate or official. What’s the confusion now? Are are they saying Cbn is giving a regulated rate?

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

Looking for someone to blame rather than fixing the economy.

Geeman2006:


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.

Nonsense talk. Yoruba's are not known to do fx.

JohnSin97:


ZoneB

Cc Seun Myndd44 Lalasticala

JohnSin97:



The funny part is you stupidly thinking that the CBN has the interest of the average nigerian at heart. Aboki bdc's have done more damage to the naira but CBN hardly goes after them, Jonathan left the naira at #180/$, buhari/emefile's CBN have devalued it to #550/$...the school fees I pay for my sister studying abroad has automatically increased yet your foolishness tells you that CBN is just trying to help out.

Cool

Eriokanmi:
Maybe the next move would be on seun osewa, founder of nairaland.com. we'd Mob them in abuja , should they try it cos NL is what gets most of us going daily. If I neva come nairaland.com, my body go dey do me somekain. I read nairaland.com news when while driving. I'm that addicted

If them ban Nairaland, I swear I personally will be very happy cus seun osewa is a core one nigerian. But e go pain me small Sha.... nairaland has given some form of political and tribal education of nigeria that I would have never known.

EagleNest:
Of course they will look for a scapegoat. Just like Twitter was blamed for endsars protest , so will they blame abokiFX for Naira fall.

The tension went down significantly with the suspension of Twitter. Strangely, it's the same citizens the FG is trying to protect. All these political and economic sabotage affect the commoners more than PMB. It's just that nothing the government can do that will satisfy you lot.
That's why I am so happy that all the enemies of Nigeria will lose las las. They always lose.
God bless Nigeria.

jaxxy:


AbokiFx is probably black market rate not bank rate or official. What’s the confusion now? Are are they saying Cbn is giving a regulated rate?

They share both CBN rates and parallel market rates. But most people use parallel market rates and often source info about the most recent parallel market rates from AbokiFX

KWOROPSHAN! + INKWOPETENSI! PAITAS I rain o

FreeStuffsNG:
The tension went down significantly with the suspension of Twitter. Strangely, it's the same citizens the FG is trying to protect. All these political and economic sabotage affect the commoners more than PMB. It's just that nothing the government can do that will satisfy you lot.
That's why I am so happy that all the enemies of Nigeria will lose las las. They always lose.
God bless Nigeria.

The fact is that truth is bitter and very unpleasant to the ears of the guilty, but it has to be said no matter what. The sad reality is that the current government have lost confidence of average genuine Nigerian.

Who will they now blame for the free fall of Naira.

Optimistguy1969:
Is abokifx their major problem now?
Emefiele too dey zuoooooorrrrrr

I tire ooooo

Is AbokiFX the cause of the skyrocketing xchange rate of Forex ?

JohnSin97:



Nonsense talk. Yoruba's are not known to do fx.

Lol.. Be there talking what you know nothing about. Two of my Yoruba friends run a bureau de change. What does "Mompha'' do sef again, even though he does some back door racket.

USELESS MAN

Teewhy2:


They are still beating about the bush, if the country have good production output and well structured policy, naturally dollar will come down.
you want everybody to go to bank to purchase dollars but still want small business owners to get different documentation just to buy small machinery (less than 2000 USD) from outside.

Dollar will not come down because of those who are eating on it. Don't be surprised the amount of dollar they have hoard.

airsaylongcome:


They share both CBN rates and parallel market rates. But most people use parallel market rates and often source info about the most recent parallel market rates from AbokiFX

Ok I get the issue now.

Geeman2006:


Lol.. Be there talking what you know nothing about. Two of my Yoruba friends run a bureau de change. What does "Mompha'' do sef again, even though he does some back door racket.

Those are one in a thousand of abokis involved in fx sales. I also know igbos involved in fx sales. But it's dominated by abokis.

EagleNest:


The fact is that truth is bitter and very unpleasant to the ears of the guilty, but it has to be said no matter what. The sad reality is that the current government have lost confidence of average genuine Nigerian.

Who will they now blame for the free fall of Naira.

They failed because they stopped one random guy who is playing kalokalo with my country's currency? Can he dare that in the UK where he stays and claim citizenship ?
Most of you have a negative mindset to Nigeria yet you pretend to be worried when we feel the brunt of the sabotage of you silent killers of our national aspirations while we place all the blame at the foot of the usual suspects- our leaders.

Na 550 I buy naira today from 500. This government is a total failure. So they want to blame Naira crash on abokifx. This Agbor man sef!

Tmex:

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.

Pls if you are one of those people that normally say the opposite of what rational people say or do just to think you know what you are talking about or make you look different then pls stop

This is not the right time

exchange rate for a commodity ( whatever the commodity is currency, petrol etc )os crested if there via the original market for that commodity or item

Where do you want Nigerian banks to find 1 million dollars chukewuemka wants to go and use to import items from China from hence the need to source the dollars from another market which is not official

Please don’t dare reply me that the importer shouldn’t import what Nigeria lives and feeds on everyday

Sometimes it’s better to be quiet if you don’t know anything and just let those who know dictate and explain to those of you who don’t know much

JohnSin97:


Those are one in a thousand of abokis involved in fx sales. I also know igbos involved in fx sales. But it's dominated by abokis.

Agreed Northerners dominate the trade. But you make it seem like other tribes are not involved.

Teewhy2:


They are still beating about the bush, if the country have good production output and well structured policy, naturally dollar will come down.
you want everybody to go to bank to purchase dollars but still want small business owners to get different documentation just to buy small machinery (less than 2000 USD) from outside.

Very good comment. They are not encouraging local businesses at all.

Geeman2006:


Agreed Northerners dominate the trade. But you make it seem like other tribes are not involved.

You make it seem like Yorubas are eqaul partners in the business.

phemmie06:
The terrorist can't be named, their account can't be frozen but Oniwinde Adedotun business can be shut down and investigated if possible jail him as well? Is this country for some people or tribe, if yes let those tribe keep bearing Nigeria while we bear a name that will give the remaining of us equal right

It is honestly very sad. I am tired of praying for the country sef.

airsaylongcome:
Futile effort. AbokiFX has spent years investing in building up their data sources. And have gained reputation for sharing market rates rather than the false rates this Agbor Dundee is trying to force down our oesophagus. AbokiFX founder should just migrate his business to Estonia or some other tech friendly country.

Very soon Nigerian government will start chasing people who share actionable data on various sectors of the country. AbokiFX is a legit business data source and nothing the current regime will do can stop them

your knowledge is limited I swear on my grandfather’s grave. This Abokifx guy is seriously killing Nigerians, we Nigerians in diaspora know what is happening. On what basis is the guy increasing the rate?

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

Though I understand what CBN governor is trying to do, but this is just arrant nonsense and misplaced priority

bring your Paypal funds and get instant naira
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kowopealajo:
your knowledge is limited I swear on my grandfather’s grave. This Abokifx guy is seriously killing Nigerians, we Nigerians in diaspora know what is happening. On what basis is the guy increasing the rate?

Is he "increasing" it? Or reporting Market reality. Do you think he plucks figures from the air? Right now there is heavy demand for USD cash. I had a US inflow lastweek that I sold at 535. Transferring the funds within the same local bank. The seller was willing to sell at 540 if I had cash.