“Many Of Your Banking Leaders You Are Celebrating As Heroes Are Actually The Ones That Destroyed Your Economy Not The Government”- Daddy Freeze Says Amidst Bode George’s Revelation On Elumelu, Wigwe’s Wealth

“Many Of Your Banking Leaders You Are Celebrating As Heroes Are Actually The Ones That Destroyed Your Economy Not The Government”- Daddy Freeze Says Amidst Bode George’s Revelation On Elumelu, Wigwe’s Wealth....KINDLY READ THE FULL STORY HERE▶

Written By Oshiobugie John

Daddy Freeze, a controversial figure, is making waves on the internet for shedding light on those responsible for the collapse of the naira to international counterparts since its floatation by President Tinubu of Nigeria. READ FULL ARTICLE HERE

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Recall that Bode George, a former military Ondo State Governor, sparked discussions over a week ago as a resurfaced video emerged of him speaking on how the Apex Bank releases millions of dollars to bank owners and their CEOs monthly, but it is being used by them, not the public. This has made individuals like Elumelu, the late Wigwe, and Jim Ovia, among others, stupendously rich in the mess the country finds itself in today.

Daddy Freeze, sharing his perspective on the naira’s depreciation against the dollar and other major currencies, stated: “I’m intelligent enough not to blame this government. This government, in my opinion, took the right steps. The steps they took were the right ones, but were they properly communicated? Were the youths properly carried along?”

“I supported Omoyele Sowore, and I know a lot of youths supported Peter Obi. They probably would have had to take the same exact steps that this government is taking. I am not one of the masses easily swayed by sentiments and emotions. The naira needed to be floated.”

“Many of your banking leaders you are celebrating as heroes are actually the ones that destroyed your economy, not the government. The real demons are those people in the banking sector. I wouldn’t say more than the brain.”

“The government was subsidizing the dollar to the banks. The banks were getting the dollar and selling it to the public, making money. People who did not have access to foreign currency started questioning them. The reason why Nigeria is the way it is today is largely due to the errors.”

These comments come after an APC chieftain identified as Ayo Oyalowo revealed that Nigerian banks are holding onto over $7 billion, accumulated over the years, without releasing it into circulation. Furthermore, he exposed Binance, a key player in facilitating corrupt practices, citing multiple adjustments to the exchange rate made by the platform just yesterday.

Oyalowo asserted that the CBN, under Yemi Cardoso’s leadership, possesses the knowledge and authority to revive the naira. He suggested that by identifying and addressing the five banks hoarding dollars, similar to the actions taken by former CBN Governor Sanusi Lamido during Jonathan’s regime, the exchange rate could be stabilized. He also highlighted how Binance is exploited by corrupt politicians for money laundering and ransom payments, noting a recent report of a transaction worth 19 billion naira in BTC from Nigeria on the app.

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