I can bring the US dollar to N200 in one month —Ifeanyi Ubah •Seeks FG’s mandate, says: ‘Seize everything I own if I fail to deliver’

Posted by News Express | 22 February 2016 | 2,460 times

Gmail icon


Chairman of Capital Oil and Gas Services Ltd. and Publisher of The AUTHORITY newspapers, Dr. Patrick Ifeanyi Ubah, has advised the Federal Government to consult some Nigerians who can halt the free fall of the Naira which is affecting the nation’s economy.

He said that if the Federal Government consults him, he could restore the nation’s currency to an exchange rate of N200 to one US Dollar within one month – thereby arresting the slide in the Naira which is virtually crippling the economy. The Naira currently exchanges at N385 to the US dollar.

Chief Ubah, who was speaking on a Channels Television politics programme, did not say how he was going to bring the Naira down to an exchange rate of 200 per dollar – but said the government could seize everything he owns if he failed to do this within one month, if given the mandate.

Chief Ubah also affirmed that he was not involved in any way what­soever in the $2.3 billion Dasukigate arms deal that involved the former National Security Adviser, Col Sambo Dasuki. He said he was not involved in the politics of contracts and has never done any government contracts, whether at the Federal, state or local government levels.

“I am highly misunderstood, sometimes controversial. But I have never done any government contracts. I did not collect any money from Government; I do not have an oil block – and I have not asked for one.”

He said following the controversies trailing the ‘Dasukigate’, it has become necessary for him to extricate himself from allegations that himself and the non-governmental organisation, Transformation Ambassadors of Nigeria (TAN), were in anyway involved in the sharing of the arms deal money.

The arms deal is the albatross of Sambo Dasuki, and many others close to the administration of former President Goodluck Jonathan.

He said the TAN was not a political organisation, even though it campaigned for the re-election of the former President, a development which he said was based on its belief in promoting a better Nigeria and sustaining her unity.

“I did not know Dasuki. TAN never received money from Dasuki or the People’s Democratic Party. We did what we did in the interest of the nation and for posterity. I’m a politician with a mindset of making life worth living for the people, when issues seem to be getting out of hand. So TAN has no hand in whatever that has to do with the arms deal fund,” he said.

Expressing disgust with what is being unravelled in the ‘Dasukigate’, Ubah said that it was a disgrace in which everyone involved must be adequately investigated and punished to serve as deterrent to others. He urged former President Jonathan to speak up on the arms deal scandal in order to shed more light on what really happened over the arms deal.

He advised that owing to the gravity of the allegations and revelations emerging from the probe of Dasukigate, it is high time Jonathan breaks his silence and set the records straight.

•Text courtesy of The AUTHORITY. Photo shows Ifeanyi Ubah.


Source: News Express

Readers Comments

0 comment(s)

No comments yet. Be the first to post comment.


You may also like...