I will bring dollar down to N200 in one month, says Ubah

Featuring on a Channels Television politics programme on Sunday, billionaire businessman and the Chairman of Capital Oil and Gas Services Ltd., Dr. Patrick Ifeanyi Ubah, said he would bring the exchange rate down to N200 for a dollar within a month if President Buhari consults him.

Dr. Patrick Ifeanyi Ubah

Chief Ubah advised the Federal Government to consult some Nigerians who can halt the free fall of the Naira that has affected the nation’s economy. The Naira is currently being exchanged at N400 per US dollar

He said that if the President Buhari-le 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.

However, he 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, adding that 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.

"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 mind-set 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.

Ubah said 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