Wednesday, February 24, 2016

Ifeanyi Uba threatens to unmask those behind forex crisis in Nigeria


The Managing Director of Capital Oil and Gas, Ifeanyi Ubah, 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 lasting solution that would firm the Naira to an exchange rate of N200=$1 within 30 days.

Speaking with newsmen on Tuesday, he said, “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.

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