Presidency attacks HSBC Bank, accuses it of laundering money

The Presidency says the global banking giant, HSBC, has no moral justification whatsoever to project that a second term for President Muhammadu Buhari “raises the risk of limited economic progress and further fiscal deterioration.”

Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, stated this in a statement in Abuja on Saturday.

The presidential aide opined 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.

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He said: “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

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