Ifeanyi Uba Threatens To Name Naira Saboteurs

BEVERLY HILLS, February 24, (THEWILL) – Nigeria’s oil baron, S, has threatened to name saboteurs of the naira saying he is willing to work with the Economic and Financial Crimes Commission (EFCC) to track them, if President Muhammadu Buhari consults him on the matter.

Uba had boasted that he could fix the Nigerian battered naira to come down to at least N200/$ within 30 days, if appointed as Buhari’s consultant on financial stability.

To prove his seriousness, the Capital Oil boss has staked his over N500 billion assets to the Nigerian government if he fails to deliver.

“I want to reiterate my earlier proposition to the Federal Government about my capacity to bring back the naira to N200 per dollar. I have the magic wand,” he said.

“I pledge every asset of mine into my proposal. If I fail to bring the dollar to N200 within 30 days, the Federal Government should seize everything I have.

“What is causing this problem is artificial, and we have what it takes and I promise that Nigeria is not going to lose one kobo to get this done.”

He revealed that he is concerned that other oil producing countries who are equally experiencing similar problems with oil price drop, have not seen their currencies crashing the way the naira has done in the last one year.

According to Uba, the solution is to find the speculators and prosecute them adding that he is contented and not looking for political appointment in this bid, but rather, concerned about the plight of Nigerians who suffer harsh economic conditions while the culprits sit by and harvest from Nigeria’s present economic woes.

“I do not need to be a minister, a CBN governor or anything. I just need to be consulted because I have the strategy that I can execute,” he declared.

“Again, I want to pledge my assets as a collateral to the Nigerian people that if I fail to bring down naira exchange rate to N200/$ within 30 days, I will forfeit everything I own.”

Story by David Oputah