Naira depreciating because I was out of the country, says Odumeje

At the official window, the local currency depreciated by
2.24 percent to N1,339.23 against the dollar on Friday, from N1,309.88 on April
25.

However, Odumeje said he is back to stop the naira’s slide
like he has always done.

 “This is Indaboski
Bahose. The war and the battle. A man full of power and activities. The only
man who tells you ‘I will bring down the dollar’ and gets it done. When I left
the country, dollar began to rise; now, I am back, I will continue where I
stopped,” Odumeje said.

On April 8, the local currency strengthened to N1,120 to the
dollar at the black market and N1,230 at the official window.

Odumeje had taken credit for the naira’s appreciation at the
time.