"They may also just be out to discredit the President out of the fear of sanctions and fines following the national assets that are stolen.

With the coming of President Buhari, it is not a secret that corruption, corrupt individuals, banks and other corporate entities that aided corrupt practices are under investigation for various offenses.

For many of them, including their friends in the media, they would rather have President Buhari out of their way, for business as usual to return.
Our investigation agencies believe that HSBC had laundered more than USD 100,000,000 for the late General Sani Abacha in Jersey, Paris, London and Geneva.

After Buhari have told the whole world that "Abacha never stole a dime"? After the world have seen what charade the Buhari's anti-corruption fight is all about Keep on exposing your stupidity before the world.

Newshelm:
The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second term of President Muhammadu Buhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled looting of state resources by leaders, the type which was actively supported by HSBC.

A bank that soiled its hand with ‘‘millions of US dollars yet-to-be-recovered Abacha loot’’, and continued until a few months ago to shield the stolen funds of one of the leaders of the Nigerian Senate has no moral right whatsoever to project that a “second term for Mr. Buhari raises the risk of limited economic progress and further fiscal deterioration.”
Rather, we ask them to heed President Buhari’s constant refrain: return our stolen assets, then see how well we will do.

From the facts available to our investigation agencies, HSBC’s put down on President Buhari is no more than an expression of frustration over the administration’s measures put in place which has abolished grand corruption, the type which this bank thrives on in many countries.
They may also just be out to discredit the President out of the fear of sanctions and fines following the national assets that are stolen.
With the coming of President Buhari, it is not a secret that corruption, corrupt individuals, banks and other corporate entities that aided corrupt practices are under investigation for various offenses.

For many of them, including their friends in the media, they would rather have President Buhari out of their way, for business as usual to return.
Our investigation agencies believe that HSBC had laundered more than USD 100,000,000 for the late General Sani Abacha in Jersey, Paris, London and Geneva.

Among these accounts on the records are: AC: S-104460 HSBC Fund Admin Ltd. Jersey ($12,000,000); AC 37060762 HSBC Life (Europe), U.K ($20,000,000) and AC: 38175076 HSBC Bank Plc. U.K ($1,600,000).
The bank is also suspected in the laundering of proceeds of corruption involving more than 50 other Nigerians, including a serving Senator as earlier indicated.

In a book, “Secrecy World: Inside the Panama Papers Investigation”, published in 2017, Jack Bernstein told the story of global money laundering highlighting the unenviable place of the HSBC.

This is a bank that states and federal authorities in the U.S. forced to pay $1.92 billion to settle charges of money laundering; fined $1.2 billion in Hong Kong for “systemic deficiencies” in bond sales and was made to pay $100 million in currency rigging settlement as reported by The Telegraph of 18th January, 2018.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
September 15, 2018

http://www.metronaija.ng/presidency-wants-hsbc-to-return-our-stolen-assets/

cc: lalasticlala mynd44

Ndonu101:
HSBC took over midland bank the same bank that Buhari used to launder money in the 1980s and 90s

So Presidency need to watch their mouthalthough this noise is for their almajiri audience within Nigeria

SanusiGworo:
HSBC said Nigerian economy faced an uncertain future should Buhari win. Less than a week later the govt is attacking HSBC, why didn't the govt ask HSBC for this money before last week?
You can always predict this administration, once you say the truth its media machine (BMC) would go on the offensive.

FACT: In 1983, When the Senate Committee late Saraki chaired was investigating the stolen $2.8 Billion, from the Coffers Of NNPC Between 1977-1978, under Buhari’s watch as NNPC Boss. Muhammadu Buhari was Indicted by the Nigerian Senate over the missing funds, as the Money was traced to his Bank accounts with British bank, Midland bank, now HSBC. Muhammdu Buhari and his Military gangs, staged the 1983 coup that ousted the Shehu Shagari-led government to cover up his indictment by Senate Committee and the Justice Ayo Irikefe panels that probed the missing 2.8 billion dollars oil money.
The late Sen Abubakar Olusola Saraki was thrown behind bars together with members of his committee and other Nigerian politicians by Maj Gen Buhari. Regrettably, the $2.8 Billion probe was swept under and the audit trail and source documents destroyed by Buhari’s Military Government.
Buhari declared himself a saint with barrel of gun, as he is aware that no one will challenge him. 32 years gone, Nigerians are still asking where has the Missing $2.8 Billion gone? The current value of $2.8billion stolen in 1970s in a simple compound interest worth over $887.25Billion. This is bigger than the budget of all African countries in few years.

vedaxcool:
some people don't know the level to which people with go to secure their chop money. HSBC has been a beneficiary of looting in Nigeria mesujamba was one of its clients. Government must begin to sanction foreign banks that Lauder money for Corrupt government officials. We should not use our money to play with any criminal cartel.

vedaxcool:
some people don't know the level to which people with go to secure their chop money. HSBC has been a beneficiary of looting in Nigeria mesujamba was one of its clients. Government must begin to sanction foreign banks that Lauder money for Corrupt government officials. We should not use our money to play with any criminal cartel.

vedaxcool:
some people don't know the level to which people with go to secure their chop money. HSBC has been a beneficiary of looting in Nigeria mesujamba was one of its clients. Government must begin to sanction foreign banks that Lauder money for Corrupt government officials. We should not use our money to play with any criminal cartel.

SanusiGworo:
HSBC said Nigerian economy faced an uncertain future should Buhari win. Less than a week later the govt is attacking HSBC, why didn't the govt ask HSBC for this money before last week?
You can always predict this administration, once you say the truth its media machine (BMC) would go on the offensive.

SanusiGworo:
HSBC said Nigerian economy faced an uncertain future should Buhari win. Less than a week later the govt is attacking HSBC, why didn't the govt ask HSBC for this money before last week?
You can always predict this administration, once you say the truth its media machine (BMC) would go on the offensive.

Garbage Shehu:
Our investigation agencies believe that HSBC had laundered more than USD 100,000,000 for the late General Sani Abacha in Jersey, Paris, London and Geneva.

Aufbauh:


I've wanted to read through all the funny comments from the usual 'embittered species', but i can't just bypass this ur level of critical thinking and analysis. Very poor dear!

So you mean that the FG is asking for the stolen funds stacked in HSBC just some few days ago? Haba na.

SanusiGworo:


How come we didn't know there was money stashed in HSBC until now?

Aufbauh:


Oh oh i forgot that you were the 'Nigeria Custodian General of foreign Account''. Sorry i didn't take notice of that before.
FG must inform you before sir. Dey wait for them for ur village.