Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), declared war on Mr. Adedotun Oniwinde, the proprietor of popular online forex platform AbokiFX, for allegedly engaging in the illegal foreign exchange business.
Emefiele said Oniwinde lives in the United Kingdom but operates 25 bank accounts in Nigeria at eight banks.
He accused Oniwinde of deliberately attacking naira for his own personal benefits.
The CBN Governor promised to take the fight with Oniwinde to the security and banking authorities in the UK.
To safeguard the value of the naira, however, Emefiele said customers with genuine foreign exchange requirements beyond established limits would be given their requirements.
All the accounts, about 20 of them, with hefty balances, have now been blocked by the apex bank.
Emefiele said Oniwinde started the abokiFXoperation in 2015 and has since milked the economy by taking position while manipulating the exchange rate.
Emefiele promised to ensure that Oniwinde is captured and made to answer to the law.