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!

If you can only see the bad part of a thing, thus doing away with the good part of it, which is in this case, vastly more than the bad, you are doing a disservice to yourself. Yahoo as a company won't stop providing their good service because of a small fraction of yahoooo boys. You have to evaluate things based on their broader standpoint.

Those banks are the eyes of international investors Operating in Nigerian which implicitly benefit the common man in the street.

yeah, no more stolen cash to launder, we get the picture.

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!

God bless you

GMPO:
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.

It is u and Atiku that are still living in ur past.

If it was due bad economy as Atiku claim, why didn't they left the country during recession?

Nigeria and Nigerian are no longer in need their services and the era of wiring looted funds abroad are over.

Nigeria no longer spend billions of dollars on rice import quota

We don't need them to import from China anymore

Atiku can bring them back to Nigeria when he becomes president to enable him transfer looted funds to Dubai

But for now let them just disappear

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!

Ufortunately , These people can swing northern votes... Look i will be honest with you, if you truly care about Nigeria, dont waste that precious votes because we both want the obvious, the exit of Buhari but the only sure person that can gather votes across board is Atiku. pls kindly think it thru and consider. I wish they could but the cant because Sowore or Moghalu or Gbenga will get Osun and Ekiti treatment and there is nothing they can do about it.

celinajumbo11:


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..com/2018/11/it-is-sad-that-two-global-banking.html

HSBC is closing branches globally, it's not a Nigeria problem, so stop trying to gain cheap political points. Unfortunately many Nigerians are dullards, they won't seek factual information, only consuming the shit propagandists feed to them

Topmaike007:
if you bank with them you are a thief cos the bank is private bank and it has help our looters to cater away big money out of the country

So much shallowness in the ranks of Buharist

those banks are already facing difficulties so do not use that to score cheap point. am well informed

They are of no use to us

menesheh:



If you can only see the bad part of a thing, thus doing away with the good part of it, which is in this case, vastly more than the bad, you are doing a disservice to yourself. Yahoo as a company won't stop providing their good service because of a small fraction of yahoooo boys. You have to evaluate things based on their broader standpoint.

Those banks are the eyes of international investors Operating in Nigerian which implicitly benefit the common man in the street.

Election year is around the corner and such things are bound to happen.
It's just a sign of interest they have openly showed.
They will be back to the country after the elections irrespective of who wins.

HSBC bank was indicted in the US for money laundering and ordered to pay almost $10 billion in fine. So they sensible thing to do is to close as many operations in many countries to reduce overheads...by the way how has their operations in Nigeria benefited the average nigerian, expect the thieving politicians and businessmen...

Atiku is just reacting to everything............ Over reaction dey worry Atiku ......

xjiggy:
These banks are correspondent banks. What they do mostly here is represent foreign interest. But in truth, they are conduit pipes for fraudulent transactions ripping us of foreign earnings. These are the kind of banks that foreign oil companies use in pushing money made from understating the actual crude oil sales. You can check the links below.

https://www.forbes.com/sites/afontevecchia/2012/07/16/hsbc-helped-terrorists-iran-mexican-drug-cartels-launder-money-senate-report-says/amp/

https://www.bbc.com/news/amp/business-41835937

https://www.telegraph.co.uk/business/2017/12/11/hsbc-spared-us-money-laundering-sanctions-battles-clean-act/amp/

https://www.marketwatch.com/amp/story/guid/41833F2A-16A4-11E8-B832-BA90846D250C

NB: All major transactions are done through the CBN. Foreign Direct Investments passes through CBN. Even HSBC and Co go through CBN when representing their clients interests

Outright biased.

Which bank does not launder money? There is something wrong with our economy so except you own no business or have no involvement in FX deals you will basically be speaking from your experience of reading .

Step into the world of commercial banking and I am not talking about Small Business Banking and you'd understand the view point better.

xbit:
God bless u for speaking the truth. Our youth a blind to see that bc all loop holes for these Banks to carry our stolen money and invest in there own economy they are see the government as economy killer. God will help Nigeria and Africans

Some of our youths are smarter to know that the primary reason why those banks are here in the first place wasn't necessarily to help looters looter money out of Nigeria.

There are scammers on Facebook, that does make Facebook a scam platform. You can only witness little fraction of people taking the advantage of the system to commit crime.

Wise up

hush15:


Ufortunately , These people can swing northern votes... Look i will be honest with you, if you truly care about Nigeria, dont waste that precious votes because we both want the obvious, the exit of Buhari but the only sure person that can gather votes across board is Atiku. pls kindly think it thru and consider. I wish they could but the cant because Sowore or Moghalu or Gbenga will get Osun and Ekiti treatment and there is nothing they can do about it.

so, in other to get rid of a rabid rottweiler, u have to get a ravenous lion. How does that make sense? It's like saying "I prefer an armed robber to a petty thief"

TimeMachine:


Outright biased.

Which bank does not launder money? There is something wrong with our economy so except you own no business or have no involvement in FX deals you will basically be speaking from your experience of reading .

Step into the world of commercial banking and I am not talking about Small Business Banking and you'd understand the view point better.

Are you a banker or you own a financial institution?

TimeMachine:


Outright biased.

Which bank does not launder money? There is something wrong with our economy so except you own no business or have no involvement in FX deals you will basically be speaking from your experience of reading .

Step into the world of commercial banking and I am not talking about Small Business Banking and you'd understand the view point better.

Are you mad Have you stepped into world or commercial banking, see this poor pig talking nonsense, because each bank launders Money means we should fold our hands and do nothing. With all those fact about HSBC laundering money you are still saying he is biased.. mofo

Why post this again. I read this same story last week on nairaland. Obviously, you all are Atiku's payroll.

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?

Just last year, HSBC closed about 120 branches in their own UK! Was Buhari responsible for that? Or were they also trying to tell the world that their own UK is bad business according to your logic?
The PDP sycophants & IPIGs are really the daftest things ever!
https://www.theguardian.com/business/2017/jan/24/hsbc-close-branches-online-banking-unions-jobs?fbclid=IwAR0Unz5dhtT0ptrZUGSE5ZLyAUr9p7WcxKHx_cZ1TMaGP2UAyAdUO7wq6AU

menesheh:


Some of our youths are smarter to know that the primary reason why those banks are here in the first place wasn't necessarily to help looters looter money out of Nigeria.

There are scammers on Facebook, that does make Facebook a scam platform. You can only witness little fraction of people taking the advantage of the system to commit crime.

Wise up

is it buhari that indicted them with $10b money laundering case in america that is making them to close their operations in some countries not just nigeria

jayfolarin:


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

I have a friend that frequents Swiss nd he does the dirty jobs but since advent of Buhari, the guy had been critical of him due to stabs on his deals

SarkinYarki:
The average Buharist has the IQ of a retarded 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 .

Mr man these two bank's were not contributing anything positive to our economy!

abogjohn:

Are you mad Have you stepped into world or commercial banking, see this poor pig talking nonsense, because each bank launders Money means we should fold our hands and do nothing. With all those fact about HSBC laundering money you are still saying he is biased.. mofo

You can't even manage your emotion. Typical of our EIQ illiterates.

HSBC and UBS pulling out of your country and citing economic issues as reasons have serious implications for FDI.

I doubt if you even cross the border nor own assets offshore. Cos your emotion is running wild like a poverty stricken wild dog

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.
what a president.
u ar looking for stolen assets when ur wifey dey wear Rolex wrists watch 48 million and u dey fight corruption
u dey fight corruption when ur son dey flaunt 50millon power bike any Hw for Street
u dey fight corruption when ur Gucci shoe na #238 thousand for one leg.
oo wat a country
and wat a president
I rest my case

https://www.ft.com/content/303a4296-12a2-11e8-940e-08320fc2a277

https://www.bbc.com/news/business-38302564

http://www.internationalinvestment.net/brexit/hsbc-to-move-seven-offices-from-london-to-paris-amid-brexit-uncertainty/

https://www.businessdailyafrica.com/markets/HSBC-shuts-down-Nairobi-office-in-global-reorganisation/539552-2399560-12907e9/index.html

http://fortune.com/2015/06/09/hsbc-cutting-jobs/

People will refuse to read because they lack simple comprehension of things. If you don't read, you'll only be a political tool servicing others interest.

chai

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

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.

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!

jayfolarin:


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

When foreigners want to invest in Nigeria they approach these two banks not First Bank or Zenith Your immature minds are so fixed on the negatives There are a lot of economic under dealings which keep an economy healthy Fighting Corruption since 2015 is not one of them.

haladadon:


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

bro I'm not on to attack you, but let us all come to an understanding. everyone keep screaming fdi good, come to think of it we have been existing for over fifty yrs going to sixty, as anything really worked for us? I'm not a Buhari advocate neither would I for atiku, they all are our problems. it is only saddening to blame the failure of all on one man.
Nigeria was finally crashed during the last days of gej no blames to for he also inherited a fair share of the damage, during the later days of his government states couldn't pay salaries.
truth is the so foreigners do us no good they make huge money but take all back into their own economy at the detriment of ours, today nigerdelta is suffering from the effect of fdi our resources is developing their system leaving us with nothing but pain.
it didn't just start today, collectively we need to fight this public office holders. truth is I'm not willing to vote come electioniaring period cos I ain't happy with them all. kindly understand my drift cos I'm don't want to make epistle. this is even to long.

What an ignorant buffoon; he doesn't even know that both HSBC and UBS do not operate or have any investment in Nigeria but mere liaison offices, which serve only as their mail address and for other related purposes - so how does closure of these offices amount to any disinvestment of note?

PDP misinforming their gullible lot.

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 the meaning of FDI? Google can help you. Loosing HSBC and the likes simply means investors are looking the other way. As per Money Laundering, do you think the world revolve around your shit hole If you know, you know!