sanpipita:


Let your presidency first get sense, they read that report but still they couldn't comprehend anything than go on a useless attack on HSBC

Boyooosa:

So you now understand that HSBC should have or does not have anything to do with politics or political report/analysis.
Fine, since you know that; are you also aware that UK is supposed to release some funds (stolen) to Nigeria which they are giving flimsy excuse to withhold?
Are you also aware that these western guys are always out there to do whatever it takes to take down anything that cross their way, most esp when it has to do with finance or power? Are you also aware that Nigerian govt is more or less having a confrontational grounds with them as it concerns this fund repatriation?
Now, find out; is it true that those funds alleged were laundered through HSBC! If they are, are they worthy or credible enough to do such analysis they did even when they are one of the majors contributions to the challenges we are having today?
Realising that they are not supposed to withhold those funds and I guess they are not willing to release it now or any other time, don't you think they can go political through their report, directly or through their institutions, to discredit the govt of the day since they know that we Nigerians are already blindfolded by the dirty politics we play here?
Diezini's case, what is happening to it? And u want to convince me that they run a sane judicial system...abegi!

sanpipita:


Let your presidency first get sense, they read that report but still they couldn't comprehend anything than go on a useless attack on HSBC

Boyooosa:


Try to also read this to confirm that some elements are just out there, desperately, to distort the remarkable efforts of some FEW to revive Nigeria. Well, IMO!

sanpipita:


Can you provide any court order asking HSBC to release any fund? why are you guys like this, do you even know the money you are talking that was laundered at HSBC was done by current Kebbi gov Bagudu who is part Buhari's inner circle, he even instituted a court order against HSBC stopping them from releasing any fund.



https://www.telegraph.co.uk/news/worldnews/africaandindianocean/nigeria/10679487/US-freezes-458m-hidden-by-former-Nigerian-leader-Sani-Abacha.html




https://www.justice.gov/opa/pr/us-forfeits-over-480-million-stolen-former-nigerian-dictator-largest-forfeiture-ever-obtained

Let's stop being nauseating hypocrites, HSBC can launder any money they want until there's a judicial order compelling them to do otherwise, this govt should get serious, governance isn't a child's play

Boyooosa:


Are you kidding me?!
Does that mean that HSBC because of their status have the right to launder money on behalf of individual criminal or group? I'm hearing that for the first time, any proof?
About kebbi governor, thanks for the info, can u also make ref to where buhari gave an order to stop refund or something...uhnnn.

sanpipita:


If banks can't launder money what's the purpose of their services? wasn't money looted by abacha laundered in banks, you think the politicians who loot keep their money in trees? if you want banks to release illegal acquired money from politicians or anyone just go to court and make less noise, and did I say Buhari stopped any refund wasn't it Bagudu I mentioned, this is how you people argue aimlessly trying to defend a failed govt, Buhari is accusing HSBC for laundering money for Abacha who he said didn't steal, ontop of it one of the conspirators of the said money Bagudu is his man friday, define hypocrisy again

Maxymilliano:
This is an unnecessary faux pas, the government has already responded, when did EFCC become the mouthpiece ? Anyway, let me wait for Ishaq Akintola led MURIC to also come up with his own condemnation of HSBC ...

Silly folks.

Boyooosa:

Kai, u keep defending illegality cos of ur first statement...ride on!
You are making this whole thing complicated for yourself, Bagudu or not, the question is; does HSBC have right to launder money by law? If they are guilty of this, I subscribe to the fact that they are supposed to be sanctioned. And if that happens, which sane excuse do they have to criticize or analyse diligently, a falling economy?

sanpipita:


Im not surprised you dont understand issues, first ask yourself what's money laundering, money acquired illegally and transmitted to banks maybe foreign is what constitutes laundering and this isn't fault of banks, banks are open to deposits of money from anyone, isn't even within their power to know how it was acquired, best they can do is report unusual account transactions or help you with investigations if indeed you want recover the said laundered money, no bank will release any money to you unless there's a court order saying the money in their possession is illegal, Swiss banks been releasing abacha's loot cos there's a court order declaring it illegal, they held it for many years before the court order, if this govt wants so called abacha loot held in HSBC they know what to do than play to emotions of small minds.

Boyooosa:

There are so many facts you need to consider when tampering crime or illegalities but let me just mention basic few for discussion sake; 1, intent, 2, gravity, 3, effect or damage, then 4, evidence.
For nations or elites to conclude that an act is condemnable, it is also salient to know that such must be curbed by all means. People of good reasoning agree that an act is bad and detrimental to existence, they thought well by setting standards.
Naturally, every Human is kind of greedy and has tendency of being selfish. If u would agree with me.
Your definition here by insinuation of what laundering means is transferring illegal proceeds try any means. Am I right?
As smart as the kingpin may be, the concerned international organisations have agreed that a certain amount called (transferrable) limit has been agreed upon which is being reviewed and slated at points in time. And that, at any point in time, if the limit is being abused, penalty is being attached according to the circumstance. Presently, I think 10,000usd is the limit of transfer at a go, with exceptions. As humans, you even still have the responsibility to suspect a fund where necessary. Now, as per the basic factors u mentioned earlier, if you are guilty of not diligent in discharging your duty or not carrying out a profitable transaction with diligence, are you not a conspirator of crime under this condition?
My brother, let's call a spade a spade, these guys are also corrupt and not saints like u r painting them, just that they are smarter than us.

Oloruntobiflink:
LOL! This country has gone to the dogs. EFCC is angry at HSBC.

But I though Abacha never stole.

ebusnwaoma:
Just like the Presidency, the  Economic and Financial Crimes Commission (EFCC), has also slammed UK Bank, HSBC for saying that the second term of President Muhammadu Buhari would stunt the economy.

While the EFCC is expected to act independently without political interference, the agency stated that the UK bank, HSBC, which is Europe’s largest by total asset, was synonymous with money laundering.
The tweet on the commission's official handle reads; 

‘The Story of HSBC’, the anti-graft agency said over $100m was laundered by the bank on behalf of Abacha.

“The HSBC bank is one of the largest banking and financial services organisations in the world. The HSBC’s international network comprises around 7, 500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.

“Since inception, HSBC is synonymous with money laundering and has paid billions of US dollars in fines across the world.

“In Nigeria the bank laundered more than $100m for the late dictator, General Sani Abacha, in Jersey, Paris, London and Geneva. The bank is also involved with laundering proceeds of corruption for over 50 Nigerians including a serving Nigerian senator.

“Part of Abacha’s assets yet to be recovered are: $12m in HSBC Fund Admin Ltd with account number S-104460 in Jersey; $20m in HSBC Life (Europe) with account number 37060762 in the UK and $1.6m in HSBC Bank Plc with account number 38175076 in the UK.

“We shall not rest until every penny belonging to the Federal Republic of Nigeria is repatriated to Nigeria as to improve the lives of the people.”


https://lailasnews.com/efcc-also-slams-uk-bank-hsbc-for-predicting-buharis-failure/

denko:
No even Inec dey dance to the tune but he will definitely GO

Gten:
This is unfortunate. The implication of this action is far reaching and a minus for the independence of our agencies.

jerryking06:
how can we explain it better to you that buhari policies are meant for the destruction of this country

sanpipita:


This how most of you come and embarrass yourself here, if you want to defend foolishness do so with sense, HSBC is a reputable global bank and you think they can predict or write reports of their economic researchs? what's primary job of efcc again that you will want to compare them with HSBC

greencard:
.........and the distractions continue




go get ur pvc

Boyooosa:

There are so many facts you need to consider when tampering crime or illegalities but let me just mention basic few for discussion sake; 1, intent, 2, gravity, 3, effect or damage, then 4, evidence.
For nations or elites to conclude that an act is condemnable, it is also salient to know that such must be curbed by all means. People of good reasoning agree that an act is bad and detrimental to existence, they thought well by setting standards.
Naturally, every Human is kind of greedy and has tendency of being selfish. If u would agree with me.
Your definition here by insinuation of what laundering means is transferring illegal proceeds try any means. Am I right?
As smart as the kingpin may be, the concerned international organisations have agreed that a certain amount called (transferrable) limit has been agreed upon which is being reviewed and slated at points in time. And that, at any point in time, if the limit is being abused, penalty is being attached according to the circumstance. Presently, I think 10,000usd is the limit of transfer at a go, with exceptions. As humans, you even still have the responsibility to suspect a fund where necessary. Now, as per the basic factors u mentioned earlier, if you are guilty of not diligent in discharging your duty or not carrying out a profitable transaction with diligence, are you not a conspirator of crime under this condition?
My brother, let's call a spade a spade, these guys are also corrupt and not saints like u r painting them, just that they are smarter than us.