Ifeanyi Ubah Threatens To Name Those Behind Forex Crisis In Nigeria | Independent Newspapers Limited
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Ifeanyi Ubah Threatens To Name Those Behind Forex Crisis In Nigeria

Posted: Feb 25, 2016 at 1:54 pm   /   by   /   comments (0)
Tony Ademiluyi, Lagos
Ifeanyi Ubah,Managing Director of Capital Oil and Gas, has threatened to unmask those behind current foreign exchange crisis facing the nation.
This is coming few days after he had claimed to have a solution that would firm the Naira to an exchange rate of N200/$1 within 30 days.
Speaking with newsmen in Abuja on Tuesday, the oil magnet noted that all he wanted from President Muhammadu Buhari to achieve the goal, was to be appointed a consultant on Financial Stability, without pay.
According to him, he had a four-point strategy to achieve the extra-ordinary feat but that he would not make them public unless appointed a consultant by the Federal Government.
His words: “What do we have to bring the exchange rate to N200/$1? I have four cardinal points, but I will not release them. I am a man brimming with confidence and ideas which is why I would dare to make such an audacious wager.
“Since my appearance and statement on Sunday night on Channels TV, Dollar has crashed from N400 to $1 to N370 to $1. Is this not enough evidence that this freefall of the Naira is artificial and could be better managed, with honesty and ingenuity?” he queried.