Tag: Banking

Nigeria: Return Our Stolen Asset, Not Give Doomsday Prophecy On 2019 – Presidency to HSBC
Corruption, Economy, News, Nigeria

Nigeria: Return Our Stolen Asset, Not Give Doomsday Prophecy On 2019 – Presidency to HSBC

PRESIDENCY WANTS HSBC TO RETURN OUR STOLEN ASSETS, NOT GIVE US DOOMSDAY PROPHECY ON 2019 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, ...