Sports

Activist Wants Court to Restrain AbokiFX from Publishing Exchange Rate

Published

5 years ago

November 16, 2021

An activist, Solomon Semaka has asked a Federal High Court sitting in Abuja to restrain Abokifx and other unauthorised platforms from publishing or influencing exchange rates in the country.

The plaintiff in a suit No. FHC/ABJ/CS/1150/2021 wants the court to determine whether (abokiFX), anybody, group or organisation not duly registered as an authorised dealer or authorised buyer of foreign currency in Nigeria under the Central Bank of Nigeria of Nigeria Act 2007, the Foreign Exchange (Monitoring and Miscellaneous Provision) Act and other relevant statues can publish or influence foreign exchange other than the CBN.

Recall that the CBN had accused AbokiFX, an online forex site published by Oniwinde Adedotun of influencing foreign exchange rate and declared the publisher wanted. The organisation in swift reaction announced its decision to temporarily suspend rate updates.

The suit has Oniwinde Adedotun (AbokiFX publisher), Association of Bureau De Change Operators of Nigeria (ABCON), Central Bank of Nigeria and the Attorney General of the Federation as defendants.

In the suit, Solicitor to the Plaintiff, Barr. T. D Sorkaa of Sorkaa and Associates, Chambers, in the affidavit declared: “That it is only the CBN that the right to regulate or determine the foreign exchange in Nigeria under the CBN Act, 2007, the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act and other relevant statues.”

The matter has been assigned to federal high court 9 to be heard in January 17,2022.

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Sports

29 Days To AACT 2026: IBB Club Renewal Heralds Nigeria’s African Golf Showcase

Published

17 hours ago

October 4, 2026

The Gleamer

Joel Ajayi

With 29 days to the 2026 All Africa Challenge Trophy (AACT), Nigeria is stepping up preparations to host the continental women’s team golf championship, with the extensive rehabilitation of the IBB International Golf and Country Club in Abuja providing a major boost to the country’s readiness.

In a statement issued on Sunday in Abuja Director of Communication AACT 2026, Kayode Adeniyi said the Club’s Board of Trustees has assured that the facility will be fully prepared to welcome golfers, officials and delegates from across Africa when the championship tees off on November 2.

Chairperson of the Board of Trustees, Hon. Justice Monica Dongban-Mensem, CFR, gave the assurance after inspecting ongoing rehabilitation works at the Club, expressing satisfaction with the progress recorded so far.

The IBB International Golf and Country Club has undergone extensive rehabilitation following its closure to regular golfing activities for more than a year. The intervention has focused on the golf course, selected holes, the clubhouse and other key facilities required to provide a befitting venue for the continental championship.

Justice Dongban-Mensem expressed confidence that the rehabilitation programme would be completed in time for the AACT, further reassuring stakeholders that the Club would be ready to host Africa’s leading female golfers.

Chairman of the Club’s Interim Management Committee, Peter Deshi, also expressed optimism over the progress of work, with regular golfing activities expected to resume ahead of the championship.

For the Ladies Golf Association of Nigeria (LGAN), the readiness of the host venue remains a critical component of the country’s preparations.

President of the Association, Dr. Lami Ahmed, has similarly expressed confidence in Nigeria’s preparations to stage a successful championship.

The 2026 AACT is scheduled to take place from November 2 to 7 at the IBB International Golf and Country Club, Abuja.

With the countdown now entering its final month, the rehabilitation of the Club is sending a strong message about Nigeria’s determination to deliver a successful championship and provide a worthy stage for Africa’s finest female golfers.

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