1. Real reasons HBSC & UBS pulled out.
People hav bin screaming about the exit of HSBC & UBS as sign of bad Economy. That's a HUGE LIE. I will try to explain it in a very simple way.
HSBC & UBS were never set up 4 regular banking. When I say regular banking I mean retail banking.
People hav bin screaming about the exit of HSBC & UBS as sign of bad Economy. That's a HUGE LIE. I will try to explain it in a very simple way.
HSBC & UBS were never set up 4 regular banking. When I say regular banking I mean retail banking.
2.
They never ran salary accounts; 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...
They never ran salary accounts; 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...
3.
for financial regulatory bodies to monitor outflow & inflow on every account, HSBC has been plotting their exit.
If anyone can make their books public, you will find out HSBC has more outflow than inflow.
BVN was created February 2014, and then enforced by this current Govt...
for financial regulatory bodies to monitor outflow & inflow on every account, HSBC has been plotting their exit.
If anyone can make their books public, you will find out HSBC has more outflow than inflow.
BVN was created February 2014, and then enforced by this current Govt...
4.
as from 2015. What did THAT do? 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 in. Any account
without a BVN..
as from 2015. What did THAT do? 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 in. Any account
without a BVN..
5.
can no longer be run. 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 to pay...
can no longer be run. 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 to pay...
6.
..pay school fees overseas or medicals, won't you CLOSE shop? No more wiring of $200,000 and above to Dubai to buy that exotic penthouse, or for shopping sprees.
No more bank instruments to private jet companies overseas. The importation of big boy toys; yachts and....
..pay school fees overseas or medicals, won't you CLOSE shop? No more wiring of $200,000 and above to Dubai to buy that exotic penthouse, or for shopping sprees.
No more bank instruments to private jet companies overseas. The importation of big boy toys; yachts and....
7.
Helicopters have reduced drastically.
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...
Helicopters have reduced drastically.
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...
8.
are a civil servant or close to Govt. You will 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...
are a civil servant or close to Govt. You will 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...
9.
they're also solid in retail banking. Any bank that opens shop under this current Govt with the sole aim of moving funds overseas will surely FAIL!
Look closely at those who ARE leading groups against PMB. They are OWNERS of private jets, Helicopters, Yachts, schooners,etc
they're also solid in retail banking. Any bank that opens shop under this current Govt with the sole aim of moving funds overseas will surely FAIL!
Look closely at those who ARE leading groups against PMB. They are OWNERS of private jets, Helicopters, Yachts, schooners,etc
10.
Many own those beautiful houses we see in Dubai, Abu Dhabi, Oman, Muscat, Seychelles, London, USA. 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...
Many own those beautiful houses we see in Dubai, Abu Dhabi, Oman, Muscat, Seychelles, London, USA. 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...
11.
travelers like before. Once upon a time you would see them hanging around airports and 5 star hotels. 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 and UBS...
travelers like before. Once upon a time you would see them hanging around airports and 5 star hotels. 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 and UBS...
12.
(many of our local banks were also complicit)!
Now every Dollar that passes through CBN to a foreign bank must have complete paperwork! Bankers are now very careful, no one wants to be invited by SFU (special fraud
unit) or EFCC to produce to produce a customer...
(many of our local banks were also complicit)!
Now every Dollar that passes through CBN to a foreign bank must have complete paperwork! Bankers are now very careful, no one wants to be invited by SFU (special fraud
unit) or EFCC to produce to produce a customer...
13.
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; many were being flown by helicopter to private resorts all over the country. That tap has dried up and that’s the reason you see...
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; many were being flown by helicopter to private resorts all over the country. That tap has dried up and that’s the reason you see...
14.
many of them online pouring vituperation on PMB.
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 MDs used depositors' monies to sponsor politicians/campaigns,
many of them online pouring vituperation on PMB.
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 MDs used depositors' monies to sponsor politicians/campaigns,
15.
when investigations started many tried 2 not 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 4 d common man, people wonder at what I mean
when investigations started many tried 2 not 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 4 d common man, people wonder at what I mean
16.
A very good example; write a lovely proposal for a good business deal and take to the banks and 90% of the time you won't get funding, but let APC & PDP finish primaries and produce governorship candidates. Both candidates can walk into the same bank & get as much as N500Mn..
A very good example; write a lovely proposal for a good business deal and take to the banks and 90% of the time you won't get funding, but let APC & PDP finish primaries and produce governorship candidates. Both candidates can walk into the same bank & get as much as N500Mn..
17.
each 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 loan both took. That was conventional banking until PMB came onboard...
each 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 loan both took. That was conventional banking until PMB came onboard...
18.
Let's say Odudu bank sponsors Rochas and he wins, he
would make sure almost all state accounts go to Odudu bank.
Some Governors went as far as making their account officers commissioners as compensation (I don’t want to mention names). Some bank's relationship managers wud go
Let's say Odudu bank sponsors Rochas and he wins, he
would make sure almost all state accounts go to Odudu bank.
Some Governors went as far as making their account officers commissioners as compensation (I don’t want to mention names). Some bank's relationship managers wud go
19.
..on leave close to election period to join the clients on the campaign trail. Once the client wins they resign their appointments with the bank and become political appointees.
Why would a bank worker do that if the bank hasn't invested heavily on that politician? Suddenly..
..on leave close to election period to join the clients on the campaign trail. Once the client wins they resign their appointments with the bank and become political appointees.
Why would a bank worker do that if the bank hasn't invested heavily on that politician? Suddenly..
20.
Suddenly PMB appears with this
yeye BVN & TSA! Banks now see SFU officers like regular staff as they are monitoring everything. EFCC under magu has become a pain in the ass because money can't just disappear.
Who do they blame? PMB! The instant BVN came into effect...
Suddenly PMB appears with this
yeye BVN & TSA! Banks now see SFU officers like regular staff as they are monitoring everything. EFCC under magu has become a pain in the ass because money can't just disappear.
Who do they blame? PMB! The instant BVN came into effect...
21.
do you know how many accounts were lying dormant bcos of BVN? With huge sums in them? Many folks especially people being investigated wouldn't want to come forward to claim them; Oga Magu & gang are waiting. When many of these politicians or billionaires tell you the economy
do you know how many accounts were lying dormant bcos of BVN? With huge sums in them? Many folks especially people being investigated wouldn't want to come forward to claim them; Oga Magu & gang are waiting. When many of these politicians or billionaires tell you the economy
22.
isn't doing so well, look closely at the person because many of them own some of these 5 star hotels. Some rooms go as much N300,000 a night. Once upon a time some folks would pay for as much as one year for a room/suite upfront. Many of those militants/folks involved in oil
isn't doing so well, look closely at the person because many of them own some of these 5 star hotels. Some rooms go as much N300,000 a night. Once upon a time some folks would pay for as much as one year for a room/suite upfront. Many of those militants/folks involved in oil
23.
bunkering operate this way. Mondays thru 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 where they eventually check into these hotels. You enter a place like Transcorp weekends you...
bunkering operate this way. Mondays thru 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 where they eventually check into these hotels. You enter a place like Transcorp weekends you...
24.
see them at the lobby, poolside and by Monday morning, banks are wiring funds to these hotels to cover expenses. Today, oil bunkering isn’t as lucrative as it once was. First price of crude has dropped, so selling bunkered oil isn't really worth it as it used to be.
see them at the lobby, poolside and by Monday morning, banks are wiring funds to these hotels to cover expenses. Today, oil bunkering isn’t as lucrative as it once was. First price of crude has dropped, so selling bunkered oil isn't really worth it as it used to be.
25.
Secondly many countries are cutting down on the purchase of crude,
and thirdly, our military is hitting them harder than before so who is to blame?
They tell you banks are failing because of PMB; LIES!
Banks are failing because banks were never made for the common man.
Secondly many countries are cutting down on the purchase of crude,
and thirdly, our military is hitting them harder than before so who is to blame?
They tell you banks are failing because of PMB; LIES!
Banks are failing because banks were never made for the common man.
26.
I meant Nigerian banks!
TSA has collapsed most government accounts into central accounts, so we no longer have many government accounts littered all over our banks. Many of such accounts were set up just to steal and launder government fund.
I meant Nigerian banks!
TSA has collapsed most government accounts into central accounts, so we no longer have many government accounts littered all over our banks. Many of such accounts were set up just to steal and launder government fund.
27.
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 the crooked elite joining us to complain! The fact they are complaining means...
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 the crooked elite joining us to complain! The fact they are complaining means...
28.
something is being done to halt their crooked ways. Whatever it is, BABA PLEASE CONTINUE!
And as for the common man, we didn’t get here in four years! It took
years of plundering, bad/no planning to get here. It will take a while to get us out.
something is being done to halt their crooked ways. Whatever it is, BABA PLEASE CONTINUE!
And as for the common man, we didn’t get here in four years! It took
years of plundering, bad/no planning to get here. It will take a while to get us out.
29.
Signed
Concerned citizen who wouldn’t want to get fired by Monday morning for saying what needs to be said.
Signed
Concerned citizen who wouldn’t want to get fired by Monday morning for saying what needs to be said.
