Ifeanyi Ubah: I'm Responsible For Naira's Appreciation In The Parallel Market

 

The Managing Director of Capital Oil and Gas, Dr. Ifeanyi Ubah, on Tuesday, followed up his claim to a magic wand that would firm the Naira to an exchange rate of N200=$1 within 30 days ,with fresh claims that he knew those behind the current foreign exchange crisis facing the nation and was ready to name them publicly.

He told journalists, in Abuja, 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."