Thread by @teguando1

1. I will be doing a thread on @HSBC this evening.
As usual, Buharist like us are not the @AMADICHIMA @adeyanjudeji @effalixumab etc who takes delight in telling lies & misinforming their followers because of politics.
They are shameless & still continue to lie after being busted

2. They've are always out to quickly catch up on any negative rumour without confirmation,push the narrative as if it's true all in a bid to embarrass this administration,bt end up embarrassing themselves.
From WAEC to the lastest @HSBC "leaving" propagated by lying @MobilePunch

3. I don't know why a PhD holder can't take time out to do little research on issues before tweeting ? I cannot but agree with a Buharist, @idowu553 who said "we live in an era of smart phones,but stupid people".
Google ought to be our friend,but these guys chooses otherwise.

4. Of what relevance is a bank like @HSBC to the growth of our economy if it profits in sole source of profitability is assisting in helping corrupt politicians,public officers etc in flexing our economy of our Commonwealth to Dubai,America ,UK and other tax free heavens ?

5. Pple have been screaming about the exit of HSBC & UBS as sign of bad economics. That's a huge lie. I will try to explain it in a very simple way. HSBC & UBS were never set up for regular banking. When I say regular banking I mean retail banking. They never ran salary accounts

6. They were never set up to afford loans to customers etc. Their sole purpose was to help customers who can afford their services an easy way to transfer funds overseas.
Many do not know that since the inception of BVN which has made it easier for financial regulatory bodies

7. To monitor outflow & inflow on every account, HSBC has been plotting their exit. If anyone can make their books public, you would find out they had more outflow than inflow. BVN was created February 2014 and then enforced by this government as from 2015. What did that do?

8. Every account owner was forced to get a BVN code on their account (s). So if law enforcement and financial regulatory bodies accuse you of fraud, with your BVN they can tell which account(s) you have funds stashed. Any account without a BVN can no longer be run.

9. Movement of (illegal) huge sums especially overseas became a massive problem. So imagine a bank whose main source of revenue is moving funds overseas, suddenly can stay for months on end and the only customers you get are those who maybe want pay school fees overseas or

10. Medicals, won't you close shop? No more wires of $200,000 & above to Dubai to buy that exotic penthouse or carrying on wit shopping sprees. No more bank instruments to private jet companies overseas etc
Importation of big boy toys; yachts, helicopters av reduced drastically.

11. Now, once you try to initiate a huge wire transfer, CBN red flags that account and next thing you know compliance is calling the account officer to produce KYC. Within minutes SFU is doing a background check, thunder fire you if you are a civil servant or close to government.

12. You would have to explain what the funds are for/how they were acquired and this drastically hit such banks like HSBC and UBS! Banks like Stanbic IBTC are able to stay afloat because even though they use the same model as HSBC, they are also solid in retail banking.

13. Any bank that opens shop under this current government with the sole aim of moving funds overseas will surely fail!
Look closely at those who are leading groups against PMB they are private jet, helicopter, yacht, school owners. Not real manufacturers like Dangote etc

14. Many own those beautiful houses we see in Dubai, Abu Dhabi, Oman, Muscat, Seychelles, London, USA etc
Notable names in Panama Scandal, United State Senate Indictment reports and the list goes on....
* Make I drink water first and will continue*

15. Go to our airports especially Lagos and Abuja, all those beautiful girls who once used to sell Dubai real estate deals are out of jobs. The few you see have stopped hounding travelers like before. Once upon a time you would see them hanging around airports and 5 star hotels,

16. it made me wonder why Nigerians were seriously marketing UAE real estate. How do you think the transactions were being made? Through banks like HSBC & UBS (many of our local banks also were complicit) Now every dollar that passes through CBN to a foreign bank must av complete

17. Paperwork! Bankers are now very careful, no one wants to be invited by SFU (special fraud unit) or EFCC to produce a customer. Who are those crying about their exit? The Fayoses, Atikus, Ben Bruces and their minions etc. Look at the youth coming online to defend them;

18. Many were being flown by helicopter to private resorts all over the country/world for privates parties .That tap has dried up and that’s the reason you see many of them online pouring vituperation on PMB.
That free money for living large without reasonable source blocked

19. About 4 years ago, I told a friend that if PMB wins election few banks would be in trouble, Buhari won and it didn't take long it started happening. Many of the bank heads used depositors monies to sponsor politicians/campaigns, when investigations started many tried to not

20. Only hide their shady deals but shield customers under investigation. Why won't these people hate PMB? Why won't they blame their woes on PMB? When I say many of these banks aren't setup for the common man, people wonder at what I mean.

21. A very good example; write a lovely proposal for a good business deal and take to the banks and 90% of the time you wont get funding but let APC and PDP finish primaries and produce governorship candidates. Both candidates can work into same bank and get as much as N500m each

22. for campaigns. Banks didn't care then. What's the worst that could happen? Worst case scenario, one candidate would lose. Whoever wins would bring enough investments that would cover the N1bn both took, that was conventional banking until PMB came onboard.

23. If say ABC bank sponsors XYZ politician and he wins he would make sure almost all state accounts go to ABC bank.
Some governors went as far as making their account officers commissioners as compensation (I don’t want to call names).

24. Some bank relationship managers would go on leave close to election period to join their clients on the campaign trail, once the client wins they resign their appointments with the bank and become political appointees.
This was the terrible rot going on in the banking system.

25. Why would a bank worker do that if the bank hasn't invested heavily on that politician? Suddenly PMB appears with this yeye BVN, TSA! Banks now see SFU officers like regular staff as they are monitoring everything.@officialEFCC under magu has become a pain in the ass because

26. Money can't just disappear. Who do they blame? PMB! The instant BVN came into effect; do you know how many accounts were lying dormant because of BVN? With huge sums in them! Many folks especially people being investigated wouldn't want to come forward to claim them; Oga Magu

27. And gang are waiting.
When many of these politicians or billionaires tell you the economy isn't doing so well, look closely at the person because many of them patronize these 5 star hotels. Some rooms go as much N300, 000 a night. Once upon time some folks would pay for

28. As much as one year for a room/suite upfront. Many of those militants/ folks involved in oil bunkering operate this way. Mondays through Fridays they are in the creeks sabotaging oil installations, Friday they get into their convoys to PHC and then jet off to Abuja and Lagos

29. Where they eventually check into these hotels. You enter a place like Transcorp weekends you see them at the lobby, poolside and by Monday morning, banks are wiring funds to these hotels to cover expenses. Today, the oil bunkering isn’t as lucrative as it once was.

30. First price of crude has dropped so selling bunkered oil isn't really worth it as it used to be. Secondly many countries are cutting down on the purchase of crude and third our military is hitting them harder than before so who is to blame? @MBuhari and @ProfOsinbajo 😂😂😂😂

31.They tell you banks are falling becaus of PMB; lie! Banks are falling becaus banks were never made for the common man. I mean naija banks! TSA has collapsed most government accounts in2 central accounts. So we no longer have many government accounts littered all over our banks

32. Many of such accounts were set up just to steal and launder government monies.
Are these tweets saying Nigeria has suddenly become fine for the common man? HELL NO! Nigeria for some years now has never favored us the ordinary folks but this is the first time we are seeing

33. The crooked elite joining us to complain! The fact they are complaining means something is being done to halt their crooked ways. Whatever it is, @MBuhari CONTINUE! And as 4D common man, we didn’t get here in 4 years! It took years of plundering, bad/no planning to get here.

34. It will take a while to get us out,nt d magical wan of 4 years .
We scream Ghana ,Rwanda, Malaysia ,China etc It took proper planning ,sacrifice ,pains & support for leadership vision to actualize what we envy them for today.
Trust @MBuhari to take us close to if not there.

35. As I close this thread,I leave the lying @MobilePunch (that has thrown the principles of true journalism to the dogs), @AMADICHIMA @atiku @adeyanjudeji @effalixumab with this truth : @HSBC closed because of good work @MBuhari is doing and this 👇
God Bless Nigeria.