₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,116,991 members, 4,584,139 topics. Date: Friday, 16 November 2018 at 02:13 AM

It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar (33092 Views)

USA Barred Buhari In 2001 Over Plan To Islamize Nigeria - Atiku / Why People Are Leaving APC – Oshiomhole / APC Crisis: Shehu Sani "Oshiomhole Is Coming Too Late, We Are Leaving" (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by celinajumbo11(f): 3:56pm On Nov 05
Former Vice President and Presidential candidate of the Peoples Democratic Party, Atiku Abubakar on Saturday said he was very sad that two global banking giants were leaving Nigeria as a result of bad economy.

The Central Bank of Nigeria (CBN) had announced on Friday that Global banking giant, HSBC and UBS, a Swiss private bank, had closed their representative offices in Nigeria.

Reacting to the development on his twitter page, @atiku, the former vice president said it was always a sad day for the country when such entities packed up.

He said Foreign Direct Investment, FDI was key component to economic growth, saying that his administration would attract more FDI if elected by making the CBN stronger and independent.

Atiku stated that he would banish multiple exchange rates and promote market-led economy.
In his words: “Always a sad day for our country when such entities pack up. FDI is a key component to economic growth. My administration will attract more FDI by making the CBN stronger and independent, banish multiple exchange rates and promote market-led economy.”

The CBN had announced that the banks had closed shops on Friday, revealing that FDI in Nigeria fell to N379.84 billion in the first six months of 2018, compared to N532.63 billion recorded in 2017.

In July, HSBC predicted that a victory for President Muhammadu Buhari in 2019 would have a negative effect on the economy.
In its response, the presidency asked the bank to return stolen assets allegedly hidden in its coffers.
However, in its projections for the second half of the year, higher oil prices and production would serve as gains but rising foreign debt and uncertainty surrounding the 2019 general election would be a drawback.

The CBN also said three lenders — which were not named — failed to meet their minimum liquidity ratio of 30 percent.

It added that non-performing loans dropped from 15 percent in 2017 to 12.4 percent as of June 2018, adding that this was still a long way above its five percent threshold.

https://letsgetnigeriaworkingagain.blogspot.com/2018/11/it-is-sad-that-two-global-banking.html

10 Likes

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by GMPO(m): 3:58pm On Nov 05
BUHARI IS LIVING IN THE PAST WHILE WE ARE FORCING HIM TO LEAD US IN THE PRESENT AND FUTURE HE HAVE NO IDEAL ABOUT.WHAT AN INSULT.

149 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by hisgrace090: 4:00pm On Nov 05
Very sad situation indeed!


The tsunami is rapidly ravaging, even Nigerians are on the run is it strengers that"ll stay?

With atiku/obi there is hope next year.

83 Likes 1 Share

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by jayfolarin: 5:10pm On Nov 05
HSBC (master money launderers) and UBS (Switzerland, Oga patapata of safe havens for looted funds e.g Abacha, babangida etc). Fuckd up banks that have absolutely no use to the common folks on the street.

Besides politicians and oil magnates that constantly seek easy ways to move stollen monies outside nigeria does anyone know of any hardworking Nigerian banking with HSBC or UBS? Buhari might have failed in very many ways but I am MOST happy with how he has made life difficult for the looting and thieving status quo!

PDP and his thieving elites is a NO-NO! Buhari is wayyyyyyyy better than this bastardss.

Sowore and/or Kingsley moghalu is the way to go!


----------------------------------------------------------------------------


EDIT: for those saying FDI this, FDI that.. this should help you

HSBC & the Largest Money Laundering Fine Ever

The US government recently hit HSBC, Europe's largest bank with the biggest anti-money laundering fine in history: a cool 1.9 Billion dollars, along with deferred prosecution, partially docked bonuses and a monitoring overhaul.

cc: horus


https://www.youtube.com/watch?v=LsiTDf8fFWg

154 Likes 11 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by jayfolarin: 5:12pm On Nov 05
hisgrace090:
Very sad situation indeed!


The tsunami is rapidly ravaging, even Nigerians are on the run is it strebgers that"ll stay?

With atiku/obi there is hope next year.

Do you or any of your relatives bank with HSBC or UBS?

82 Likes 10 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by SarkinYarki: 5:15pm On Nov 05
jayfolarin:


Do you or any of your relatives bank with HSBC or UBS?

Yes they do , now take you low IQ out of here

70 Likes 8 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by vedaxcool(m): 5:15pm On Nov 05
jayfolarin:
HSBC (master money launderers) and UBS (Switzerland, Oga patapata of safe havens for looted funds e.g Abacha, babangida etc). Fuckd up banks that have absolutely no use to the common folks on the street.

Besides politicians and oil magnates that constantly seek easy ways to move stollen monies outside nigeria does anyone know of any hardworking Nigerian banking with HSBC or UBS? Buhari might have failed in very many ways but I am MOST happy with how he has made life difficult for the looting and thieving status quo!

PDP and his thieving elites is a NO-NO! Buhari is wayyyyyyyy better than this bastardss.

Sowore and/or Kingsley moghalu is the way to go!

Gbam watch as economic illiterates that cannot point to a single branch of looters HSBC begin to gaytilulate foolishly.

Athiefku is sooo daft that he is unaware that HSBC is actually shut down many branches across the world.

67 Likes 9 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by SarkinYarki: 5:15pm On Nov 05
The average Buharist has the IQ of a slow flea and can never understand the implication of the exit of these two global investment bank neither can they relate how their dullards bad leadership is responsible .

21 Likes 1 Share

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by vedaxcool(m): 5:16pm On Nov 05
SarkinYarki:


Yes they do , now take you low IQ out of here
Spotted
vedaxcool:


Gbam watch as economic illiterates that cannot point to a single branch of looters HSBC begin to gaytilulate foolishly.

Athiefku is sooo daft that he is unaware that HSBC is actually shut down many branches across the world.

16 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by vanbonattel: 5:18pm On Nov 05
vedaxcool:


Gbam watch as economic illiterates that cannot point to a single branch of looters HSBC begin to gaytilulate foolishly.

Athiefku is sooo daft that he is unaware that HSBC is actually shut down many branches across the world.

Clean the spittle from your mouth, your foaming in the mouth like an epileptic patient grin

10 Likes 1 Share

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by vanbonattel: 5:20pm On Nov 05
If buharri returns to power in 2019, even CBN will close down and run away grin

31 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by haladadon: 5:26pm On Nov 05
jayfolarin:
HSBC (master money launderers) and UBS (Switzerland, Oga patapata of safe havens for looted funds e.g Abacha, babangida etc). Fuckd up banks that have absolutely no use to the common folks on the street.

Besides politicians and oil magnates that constantly seek easy ways to move stollen monies outside nigeria does anyone know of any hardworking Nigerian banking with HSBC or UBS? Buhari might have failed in very many ways but I am MOST happy with how he has made life difficult for the looting and thieving status quo!

PDP and his thieving elites is a NO-NO! Buhari is wayyyyyyyy better than this bastardss.

Sowore and/or Kingsley moghalu is the way to go!

do you know what FDI means? and where do you think it comes from.

16 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by jayfolarin: 6:08pm On Nov 05
SarkinYarki:


Yes they do , now take you low IQ out of here

Really? Is your dad saraki? Or your uncle babangida? Wait, you are obj's lost grandson? Nahhhh, its GEJ's cousin!

See his mouth like 'Jes dey du'. Tfuck outta here low lifer! grin

31 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by dokie: 6:21pm On Nov 05
Chai

You read some peoples post and you wonder their level of understanding regarding how the economy works. Its these type of people that the president surrounded himself with and they are feeding him crap and our economy continues nosedive on a daily.

HSBC is leaving your country and people are talking crap. A bank as large as HSBC is telling the whole world that Nigeria is bad business and these Buhari supporters are essentially saying good ridance to bad rubbish? Do they know the type of perception is it going to create in the minds of prospective foreign investors?

What are buhari supporters made of? Are their brains empty or they are just lost or stupidly foolish? Does support mean you can't advice someone you support when he is not getting things right?

31 Likes 5 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by citizenY(m): 8:49pm On Nov 05
haladadon:


do you know what FDI means? and where do you think it comes from.

Do you know what capital flight and Money laundering is?


They are running away because of BVN and TSA. As opposedvto Stanbic IBTC and Standard Chartered, they do not operate cash / over the counter accounts in Nigeria.

BVN and TSA has made huge transfer / deposits difficult as the owners can be traced. Remember MTN transfers?

39 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by citizenY(m): 8:53pm On Nov 05
haladadon:


do you know what FDI means? and where do you think it comes from.

Do you know what capital flight and Money laundering is?


They are running away because of BVN and TSA. As opposedvto Stanbic IBTC and Standard Chartered, they do not operate cash / over the counter accounts in Nigeria.

BVN and TSA has made huge transfer / deposits difficult as the owners can be traced. Remember MTN transfers?

How do you expect looters to be happy?

33 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by citizenY(m): 8:57pm On Nov 05
dokie:
Chai

You read some peoples post and you wonder their level of understanding regarding how the economy works. Its these type of people that the president surrounded himself with and they are feeding him crap and our economy continues nosedive on a daily.

HSBC is leaving your country and people are talking crap. A bank as large as HSBC is telling the whole world that Nigeria is bad business and these Buhari supporters are essentially saying good ridance to bad rubbish? Do they know the type of perception is it going to create in the minds of prospective foreign investors?

What are buhari supporters made of? Are their brains empty or they are just lost or stupidly foolish? Does support mean you can't advice someone you support when he is not getting things right?

The joke is on you. BVN and TSA is bad business for them. EFCC can trace any transaction. So looters no longer patronise them.

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by ImperialYoruba: 9:09pm On Nov 05
celinajumbo11:
https://presidentatikuabubakar.blogspot.com/2018/11/it-is-sad-that-two-global-banking.html

https://letsgetnigeriaworkingagain.blogspot.com/2018/11/it-is-sad-that-two-global-banking.html

Former Vice President and Presidential candidate of the Peoples Democratic Party, Atiku Abubakar on Saturday said he was very sad that two global banking giants were leaving Nigeria as a result of bad economy.

The Central Bank of Nigeria (CBN) had announced on Friday that Global banking giant, HSBC and UBS, a Swiss private bank, had closed their representative offices in Nigeria.

Reacting to the development on his twitter page, @atiku, the former vice president said it was always a sad day for the country when such entities packed up.

He said Foreign Direct Investment, FDI was key component to economic growth, saying that his administration would attract more FDI if elected by making the CBN stronger and independent.

Atiku stated that he would banish multiple exchange rates and promote market-led economy.
In his words: “Always a sad day for our country when such entities pack up. FDI is a key component to economic growth. My administration will attract more FDI by making the CBN stronger and independent, banish multiple exchange rates and promote market-led economy.”

The CBN had announced that the banks had closed shops on Friday, revealing that FDI in Nigeria fell to N379.84 billion in the first six months of 2018, compared to N532.63 billion recorded in 2017.

In July, HSBC predicted that a victory for President Muhammadu Buhari in 2019 would have a negative effect on the economy.
In its response, the presidency asked the bank to return stolen assets allegedly hidden in its coffers.
However, in its projections for the second half of the year, higher oil prices and production would serve as gains but rising foreign debt and uncertainty surrounding the 2019 general election would be a drawback.

The CBN also said three lenders — which were not named — failed to meet their minimum liquidity ratio of 30 percent.
It added that non-performing loans dropped from 15 percent in 2017 to 12.4 percent as of June 2018, adding that this was still a long way above its five percent threshold.

I have come to realize that Atiku is not talking to the nation with these short rhetorics he dishes out. He uses them to control the minds of Atikulants so they stay glued to his charade.

Does anyone know the truth behind these banks leaving Nigeria?

Ok, do you all recall a bank known as Societe Generale? These Swiss banks are leaving for similar reasons. For diplomatic reasons and to build more cooperation with Switzerland, particularly in area of repatriation of stolen wealth, Nigeria has overlooked the crimes committed by HSBC and UBC as conduits for channelling huge sums of stolen money out of Nigeria and into Switzerland secret accounts. Instead of prosecuting them they have been asked to get out.

As we speak, Switzerland is sitting on our national wealth and refusing to release them. HSBC has stolen wealth by people like Atiku, who dip hands in our national treasury and launder them to foreign banks in Nigeria and who turn around from there to deposit the money into banks in foreign soil.

PDP is a minority in the Federal Government of Nigeria. It is part of the sovereign government. So why is the Presidential candidate of PDP defending syndicate banks that aid them to steal national wealth?

Whats Atiku's justification in defending HSBC and UBC?


See here....
https://www.bloomberg.com/news/articles/2018-09-17/nigeria-fires-back-at-hsbc-after-bank-criticizes-president


I talk with facts, no nonsense! Respond to me wit facts and logic. cheesy

Atiku is a thief!

44 Likes 6 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by Balyz: 9:33pm On Nov 05
SarkinYarki:


Yes they do , now take you low IQ out of here
You are a liar. You don't know anyone who banks with HSBC

21 Likes 5 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by SarkinYarki: 9:41pm On Nov 05
Balyz:
You are a liar. You don't know anyone who banks with HSBC

I bank with them , come and beat me na
Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by dannybrasky: 9:46pm On Nov 05
It's official you and ya family are thieves!!!
SarkinYarki:


Yes they do , now take you low IQ out of here

18 Likes 5 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by Balyz: 9:55pm On Nov 05
SarkinYarki:


I bank with them , come and beat me na
Imagine you a jobless IPOB miscreant Internet troll have a bank account with HSBC? Hahahahaha grin

20 Likes 5 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by ImperialYoruba: 9:57pm On Nov 05
dokie:
Chai

You read some peoples post and you wonder their level of understanding regarding how the economy works. Its these type of people that the president surrounded himself with and they are feeding him crap and our economy continues nosedive on a daily.

HSBC is leaving your country and people are talking crap. A bank as large as HSBC is telling the whole world that Nigeria is bad business and these Buhari supporters are essentially saying good ridance to bad rubbish? Do they know the type of perception is it going to create in the minds of prospective foreign investors?

What are buhari supporters made of? Are their brains empty or they are just lost or stupidly foolish? Does support mean you can't advice someone you support when he is not getting things right?


Shut up!!!!!!!!!

HSBC did not leave, they got kcked da fvk out!

15 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by ImperialYoruba: 9:59pm On Nov 05
citizenY:


Do you know what capital flight and Money laundering is?


They are running away because of BVN and TSA. As opposedvto Stanbic IBTC and Standard Chartered, they do not operate cash / over the counter accounts in Nigeria.

BVN and TSA has made huge transfer / deposits difficult as the owners can be traced. Remember MTN transfers?

How do you expect looters to be happy?

Thats it! Its bad market for Atiku and thats why he is crying.

16 Likes 5 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by bubu2019: 10:08pm On Nov 05
jayfolarin:
HSBC (master money launderers) and UBS (Switzerland, Oga patapata of safe havens for looted funds e.g Abacha, babangida etc). Fuckd up banks that have absolutely no use to the common folks on the street.

Besides politicians and oil magnates that constantly seek easy ways to move stollen monies outside nigeria does anyone know of any hardworking Nigerian banking with HSBC or UBS? Buhari might have failed in very many ways but I am MOST happy with how he has made life difficult for the looting and thieving status quo!

PDP and his thieving elites is a NO-NO! Buhari is wayyyyyyyy better than this bastardss.

Sowore and/or Kingsley moghalu is the way to go!
for your mind Nigeria go beta because you type this nonsense?

1 Like

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by Lot13(m): 11:10pm On Nov 05
They left cos money to launder for thieves who looted the country dry are in short supply.

17 Likes 5 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by dannybrasky: 11:12pm On Nov 05
Help me tell them o!!
Lot13:
They left cos money to launder for thieves who looted the country dry are in short supply.

7 Likes 4 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by LamidiCownu: 11:47pm On Nov 05
SarkinYarki:


Yes they do , now take you low IQ out of here
Osu ipob p..i..g. They do with the returns from the gala hawking business grin cheesy

8 Likes 2 Shares

Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by Auladimeji1: 1:22am On Nov 06
Atiku dull sha cheesy.

10 Likes 6 Shares

(1) (2) (3) (4) (5) (Reply)

People That May Shape Buhari’s Presidency-Daily Trust / Reno Omokri Reacts To Akpabio Decamping To APC / I Haven’t Got Useful Tips From Jonathan – Buhari.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2018 Oluwaseun Osewa. All rights reserved. See How To Advertise. 148
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.