Am Ready to Forfeit My Assets if I Don't Stabilise Naira- Dr. Ifeanyi Ubah

23 Feb 2016

 Managing Director/CEO of Capital Oil Group,  Dr. Ifeanyi Ubah

The Managing Director/CEO of Capital Oil Group,  Dr. Ifeanyi Ubah, has reaffirmed his pledge to stabilise the value of the local currency to N200 against one United States dollar within 30 days, if given the opportunity to unveil his recipe by the federal government.

The naira has in recent times been trading at close to N400 to a dollar.
Ubah vowed to forfeit all his assets valued at over N500 billion if he did not deliver on his vow to stabilise the local currency.

Speaking during an interactive session with journalists in Abuja on Tuesday, Ubah said he had a 'four cardinal-point' recipe to achieve his pet project.

But he is keeping the panacea to the free fall of the naira to his chest until the federal government gives him the consultancy on achieving financial stability for the naira.

Ubah said the consultancy, if extended to him, is free of any financial or material attachment as he would be discharging an altruistic duty for the love of country and the masses.

On why he was exuding such confidence, Ubah said he was aware of the class of people behind the precipitous fall in the value of the naira.

He stated that his activities as the coordinator of the Transformation Ambassadors of Nigeria (TAN) exposed a lot of things to him.

According to him, unmasking and tackling those behind the free fall of the naira as well as implementing other solutions he wouldn't divulge yet, would see the naira stabilise to N200/$1 within 30 days.

Ubah,  who is also the Publisher of Authority Newspaper, said it was not all about who he is but what he can offer, adding that he is often misunderstood and sometimes controversial.