Controversial Call: Fayose’s Brother Urges Tinubu To Shut Down Domiciliary Accounts, Claims Peter Obi Had Trillion Dollars

Controversial Call: Fayose’s Brother Urges Tinubu To Shut Down Domiciliary Accounts, Claims Peter Obi Had Trillion Dollars

In a provocative video, Isaac Fayose, brother of former Ekiti state governor Ayo Fayose, sparks controversy by recommending President Tinubu to take drastic measures and shut down domiciliary accounts held by Nigerians across the country….CONTINUE READING

Fayose’s proposal targets the devaluation of the Naira against the US Dollar and suggests a bold directive to convert high-value accounts to the Nigerian currency.

Key Highlights:

1. Bold Recommendation: Isaac Fayose calls for President Tinubu to issue a directive that would lead to the closure of domiciliary accounts exceeding $1500 in a bid to counter the Naira’s devaluation against the US Dollar.
2. Television Announcement Proposal: In a widely circulated video, Fayose proposes a direct televised announcement by President Tinubu, declaring that domiciliary accounts holding more than $1500 will face confiscation, auctioning, or substitution with Naira.
3. Decisive Action: Fayose advocates for firmness and urges the President not to be swayed by sentiments. He emphasizes the necessity of bringing down the Dollar’s value and proposes a strategy to discourage the hoarding of foreign currencies within the country.
4. Universal Application: Fayose extends the call for action to include his own funds and those of other former governors, suggesting that even their accounts should be subject to auction or substitution with Naira.
5. Discouraging Currency Hoarding: Fayose’s proposed policy aims to discourage individuals from storing foreign currencies within the country. He suggests auctioning and replacing any foreign currency holdings, promoting the use of Naira for transactions.
6. Global Currency Storage: Fayose advises against hoarding Dollars within Nigeria, encouraging individuals to keep foreign currencies, such as Dollars or Pounds, in their respective countries, such as America or London.

Isaac Fayose’s controversial recommendation adds a new perspective to the ongoing discourse on the devaluation of the Naira. The call for decisive action on domiciliary accounts raises questions about its potential impact on the Nigerian financial landscape and individual financial holdings. The video has garnered attention, sparking discussions on the feasibility and consequences of such a policy.