Ifeanyi Ubah attributes rise in Naira against Dollar to his efforts

Managing Director and CEO of Capital Oil, Ifeanyi Ubah, following his claims that he can restore the Naira to its past glory value has today boldly claimed the victory for the rise in the currency against the dollar over the past two days.

The Naira which had risen from 390 to 375 as at Monday has continued further to rise as at the close of trading on Tuesday.

Ubah, while speaking on Channels TV program on Sunday said he could restore the naira to its former value which stood at 200 against the dollar, this he claimed he can achieve in a period of 30 days.

In the interview with Channels TV on Sunday, Ubah said; “Look at the economy, look at the position of the naira today; some of us have ideas on how we can restore this,”

“Do you know how many Burea De Change people 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 with it, naira would come back to N200. If you call me for that consultancy, I would put naira back to 200.”

Following the rise of the naira to 340 as at the close of business on Tuesday, Ubah, released a statement in which he attributed the rise in the currency to his efforts.

“Fellow Nigerians, I wish to thank you for the support and encouragement you have given me so far. It has been unprecedented.

“As at this evening, the Dollar has dropped further to N310 as against N390 on Sunday evening before my interview on Channels.

“This shows that the earlier increase has been artificial as some people were manipulating and benefiting from it. They will all be fished out in due course so that Nigeria will be better and the suffering of the masses will end.

“With God and our sincere efforts, even when we have not been fully consulted, the Dollar can still be brought down to N200 and below. Let the discourse continue. Shun the Dollar till it’s N200. Pray for Nigeria and let the Dollar go down to N200 and below.”