"Naira Trades at ₦1065 to $1": Reno Omokri Explains Benefits of Nuhu Ribadu's Fight Against Binance

"Naira Trades at ₦1065 to $1": Reno Omokri Explains Benefits of Nuhu Ribadu's Fight Against Binance

  • Reno Omokri, a chieftain of the PDP, has explained that the naira began to gain its feat the moment Binance, a global cryptocurrency company, left Nigeria
  • The former presidential aide commended the NSA for clamping down on Binance as the naira trades at ₦1,065 to $1
  • Omokri maintained that the naira was trading at ₦1,880 to $1 on February 21, 2024, when the NSA began its clampdown on the Binance company

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

Reno Omokri, the former presidential aide, has said the naira traded at ₦1,065 to $1 on Sunday, April 14, as a result of the office of the national security adviser's clampdown on Binance, a global cryptocurrency company.

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In a tweet on Sunday, Omokri, a chieftain of the Peoples Democratic Party (PDP), claimed the local currency started appreciating immediately after Binance was forced out of Nigeria.

Reno Omokri links naira's gain against dollar to Nuhu Ribadu's clampdown on Binance
Omokri explained how the clampdown on Binance by the NSA helped the naira Photo Credit: Nihu Ribadu, Reno Omokri, EFCC
Source: Twitter

How Ribadu's fight against Binance helped naira

The PDP chieftain said the first time it became public knowledge on Wednesday, February 21, 2024, that the national security adviser (NSA) Nuhu Ribadu had moved against Binance, many Nigerians abuse the presidency.

Omokri noted that at the time, the naira was N1, 880 to $1, but many Nigerians supported the foreign country against their government.

He maintained that there was a "coordinated propaganda" against the government, which claimed that Binance was not the problem.

He explained that the NSA persevered, and the naira stabilised immediately after Binance left the country on Tuesday, March 5, 2024.

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Binance: Apologise to Ribadu, Omokri tells critics

The PDP chieftain called on those who abused the NSA to apologise, saying that they did not have to support Nigeria's enemy because their candidate was not the president.

His statement reads in part:

"At the beginning of 2024, the Naira was one of the world's worst-performing currencies. On Friday, April 12, 2024, Goldman Sachs declared it the world's best-performing currency, bar none."

Below is the tweet:

Omokri lists Tinubu's breakthrough in 1 week

Legit.ng earlier reported that Omokri listed 11 breakthroughs of President Bola Tinubu in one week.

He maintained that such achievements would be impossible for former President Muhammadu Buhari to achieve within the same period.

However, Omokri said Tinubu was not projecting his achievement, adding that such would affect the president and the country's image.

Source: Legit.ng

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