The chairman of Capital Oil and Gas, Ifeanyi Ubah, has boasted that he can restore the naira from N384 back to N200 against the dollar in one month if consulted by President Muhammadu Buhari.
The business mogul, who was speaking on Channels TV’s Politics Today, stated that the fall of Naira is not as a result of the activities of the Bureau De Change (BDC) operators.
He said:
“Look at the economy, look at the position of the naira today; some of us have ideas on how we can restore this,” he said.
“Do you know how many Burea De Change people’s who food has been taken out of their families because of this? If you say they are the ones causing it, then where are you today? “It needs strategic management. It won’t take me one month, if you give me part of that consultancy, naira would come back to 200.
“I can bet my life on it, naira would come back to N200. If you call me for that consultancy, I would put naira back to 200.” When asked how he would achieve the feat, Ubah said: “Don’t worry, that’s my business and business is secret.”
Ubah added that he had no hand in the alleged rigging of Ekiti state election. He described Ayo Fayose as a stingy governor, saying he appreciates his non-participation in the state’s election.
“Ayo is a stingy governor, he is not helping people that helped him, but the issue is this, I did not, if I have done, I would say I did it. Even those ruling us today, didn’t people give them money (for election campaigns)?”
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