Our stolen assets, not doomsday prophesy on 2019 we want from you, Presidency replies, blasts HSBC

*Bank scared of Buhari’s sanctions on stolen assets – Garba Shehu

*Why they are after President Buhari – Lauretta Onochie

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, the Presidency said, 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.”

The Presidency, in a Saturday’s statement, told the global banking giant, HSBC, point-blank that Nigeria does not need doomsday prophesy but return of its stolen assets from it.

In the statement, signed by Senior Special Assistant to the Nigerian President on Media and Publicity, Mallam Garba Shehu, the nation’s seat of power made it clear to all Nigerians, and particularly the 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 of which the HSBC actively supported.

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, the Presidency said, 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,” it said.

“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,” it said.

Why they are after President Buhari – Onochie

On a separate ground, Special Assistant to the Nigeria’s President on Social Media, Lauretta Onochie, said: “HSBC Bank is after Pres. Buhari because he has stunted its growth by his anti-corruption stance. HSBC had laundered more than $100,000,000 for the late Gen. Sani Abacha in Jersey, Paris, London and Geneva and more for more than 50 other Nigerians, including a serving Senator”.

Deezer234 #Sapere Aude! @deezer234 responding to the Onochie’s tweet said: “

The president called out @HSBC for keeping money that belongs to Nigeria in their bank for years…stolen money that they helped a thieving Nigerians launder and wailers are hurling invectives at the presidency for this? And you tell me they aren’t insane? Wailers are insane”.