Abacha loot: EFCC backs Buhari, reveals money laundered through HSBC Bank

The financial institution had in a recent report predicted that President Buhari will lose the 2019 presidential election.

In his reaction, Buhari had in a statement by his spokesman, Garba Shehu, on Saturday asked HSBC to stop predicting his defeat and return stolen assets belonging to the government.
Speaking on the development, EFCC in a statement posted on its official Facebook page, said HSBC is synonymous with money laundering.
The anti-graft agency also listed part of Abacha funds and assets yet to be recovered from HSBC.
The statement reads, “HSBC Bank plc is one of the largest banking and financial services organisations in the world. 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 $100 million for the late dictator, late Gen Sani Abacha in Jersey, Paris, London, Switzerland and Geneva. The Bank is also involved with laundering proceeds of corruption for over 50 Nigerians including a Nigerian serving Senator.
“Part of Abacha Assets yet to be recovered are: $12 million in HSBC Fund Admin Ltd with account number S-104460 in Jersey; $20 million in HSBC Life (Europe) with account number 37060762 in U.K and $1. 6 million in HSBC Bank plc with account number 38175076 in U. K.
“We shall not rest on our oars until every penny belonging to the FRN is repatriated to Nigeria as to improve the lives of the people.”