NewStats: 3,264,503 , 8,183,917 topics. Date: Wednesday, 11 June 2025 at 10:48 AM 1c4910

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 Ltd with number S-104460 in Jersey; $20m in HSBC Life (Europe) with number 37060762 in the UK and $1.6m in HSBC Bank Plc with 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/

When Is the EFCC ing as a political party?

I want to have their hip.

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.

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

But I though Abacha never stole.

chai Nigeria leader are wicked and heartless

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

.........and the distractions continue





go get ur pvc

Political EFCC can't resist the urge of ing the macabre dance of shame.

What do you expect when the head of a supposed independent anti-graft body was caught on national TV wearing a badge with the inscription "I stand with Buhari"!

How low have we sunk under this istration!

Everything Buhari inherited, he has destroyed within 3yrs.

corruption fighters/political wing

EFCC has never been more politicized than they are under Buhari

I laff in Chinese

EFcc no get level!

Hahahahahah, buhari forget say that him ear pain and headache go start again, I go see were he go run go for treatment

Will pVC still decide?

everybody de run errands for presidency...

This EFFC of a thing is a Joke.

I ain't surprised Efcc is now a spokes agency for the president hmmmm....anyways check our signature for some 18+ naija content

We really need laws that separate agencies from the presidency.

This is very uncomfortable

Day 1: Abacha is not a thief. He didn't loot


Day 3: HSBC is holding Abacha's looted funds.


Who shall we believe? Buhari was PTF secretary under Abacha's regime

All this people sef..

Baba Buhari , the only word he understands is ( borrow)

PDP needs to let President Trump know that Buhari being in power beyond 2019 is a danger to him if he seeks a second term in office. APC will financially his opponents like they tactically did in 2016.
It is time for him to wear the Big Sam shoes.

EFCC will soon be on the ballot

It's a long way home, really... just wondering how we got here

utter boncom

Nonsense

rubbish. shows you how low our institutions have gone. is efcc a personal property of buhari? what's efcc's business in responding to hsbc's article? nigerian institutions have never been this bastardized in this history of this country. buhari,pls pack your load and go!!!

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

UncleJudax:


Will pVC still decide?

everybody de run errands for presidency...

Smh

Bubu led istration has turned the supposed independent organization in the country into political tool.... EFCC, INEC, DSS, NPF just name it...

Na wa oooo..... Is there another Nigeria in UK.
because I don't understand what EFCC want to close in UK.....