Presidency Blasts HSBC, Accuses Banking Giant Of Aiding Looters • Channels Television

The Presidency has condemned multinational banking and financial services company HSBC for predicting that a second term for President Buhari would stunt Nigeria’s economy and demanded that the company should stop doomsday prophecies about the country.

The Economist Intelligence Unit (EIU), the research unit of The Economist Magazine and HSBC had predicted in a report that a second term for President Buhari would “greatly stunt the economic development of the country”.

Both firms also predicted that the Peoples Democratic Party (PDP) would win the 2019 presidential election.

But the Presidency accused HSBC of actively supporting “the unbridled looting of state resources by leaders”.

“HSBC’s put down on President Buhari is no more than an expression of frustration over the administration’s measures put in place which has…