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The Managing Director of Capital Oil and Gas, Ifeanyi Ubah, on Thursday, said that government officials saddled with fiscal responsibilities should have resigned their appointments amid the current foreign exchange crisis facing the nation.

Ubah, who by implication was referring to the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, also accused the Ministry and the apex bank of applying only academic fiscal policies rather than practical ones.


Ubah, had earlier in the week, threatened to unmask those behind Nigeria’s current foreign exchange crisis.

The businessman, while speaking on a programme on Raypower FM, which was monitored by our correspondent, also alleged that some people have been exploiting the situation to their benefits.

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