Falana Offers to Help Tinubu Govt to Recover $200bn From Subsidy Thieves

Falana said the government needs to go back to the drawing table and organise the country in the interest of Nigerians.

The respected lawyer made this known while speaking on the state of the nation’s economy under Tinubu on Channels Television‘s Politics Tonight on Friday, October 27, 2023.

Falana criticised a number of decisions made by the Federal Government, including the removal of fuel subsidy and the floating of the naira.

Recall that Tinubu announced the end of the subsidy regime during his inaugural speech on May 29, and his government has also decided to float the naira as part of wider monetary reforms being carried out by the Central Bank.

These decisions, among others, have plummeted the value of the nation’s currency to an all-time low while inflation continued to surge at an alarming rate.

Asked what he thinks should be done to arrest any further downward slide of the naira, Falana said the situation will remain the same if the Federal Government continues to adhere to International Monetary Fund (IMF) and World Bank directives on how to run the economy.

“I’m saying that there is no way the value of the naira will pick up if we continue to take instructions from the IMF and World Bank to run our economy, the activist noted.

He also condemned the government for floating the naira when it had no control over forex exchange.

Falana also said the government should have prioritised the investigation of the alleged scam that characterised fuel importation in the country rather than the hasty removal of subsidy.

He then offered to help the government recover the subsidy loot, saying he knows lawyers who are ready to help achieve that between three to six months.