Wednesday, 24 February 2016

‘Take my N50b asset if I don't restore Naira,’ Oil mogul says



Ifeanyi Ubah,  the chairman of Capital Oil and Gas, has put his money where his mouth is this time.

The Oil mogul has put down his assets reportedly worth N50b as a wager, if his idea does not bring down the Naira to N200 per Dollar.

Ubah recently  boasted in an interview with Channels Television, that he knows what to do, to restore Naira in 30days.

The founder of the Transformation Ambassadors of Nigeria (TAN)  also said he will not disclose his idea, until the Buhari led administration gives him the go ahead.

According to ThisDay, he said “his activities as the coordinator of the Transformation Ambassadors of Nigeria (TAN) exposed a lot of things to him.”

Ubah also said he is not asking for any appointment or payment, adding that he wants to do it for the love of Nigeria.

He alleged that there are some individuals who are masterminding what he called an artificial crash of the Naira.

The Capital Oil and Gas boss, also claimed that he knows those behind the current foreign exchange crisis.

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