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I will restore naira back to N200/$ in one month – Capital Oil boss, Ubah tells Buhari



The Chairman of Capital Oil and Gas, Ifeanyi Ubah on Sunday said he had what it takes to restore the naira to 200 against the dollar in one month, if consulted by President Muhammadu Buhari.

Speaking with Channels Television, Ubah, however, dismissed the insinuation that the short fall in naira was as a result of the activities of the Bureau De Change, BDC, operators.

He said, “Look at the economy, look at the position of the naira today; some of us have ideas on how we can restore this.”

“It won’t take me one month, if Buhari gives me part of that consultancy, and 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.”

“Do you know how many Burea De Change people who food has been taken off their table because of this? If you say they are the ones causing it, then where are you today?

On how he intends to go about achieving such feat, Ubah said: “Don’t worry, that’s my business and business is secret.”


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