The Muhammadu Buhari-led Federal Government has condemned the global banking giant, HSBC over its recent remarks that Buhari's second term in office would stunt the economy.
In a statement by the President's Senior Special Assistant on Media and Publicity, Garba Shehu, the Presidency said:
"A bank that soiled its hand with 'millions of US dollars yet-to-be-recovered Abacha loot,' and continued until a few months ago to shield the stolen funds of one of the leaders of the Nigerian Senate has no moral right whatsoever to project that a 'second term for Mr. Buhari raises the risk of limited economic progress and further fiscal deterioration.'" 
According to the statement, "The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second term of President Muhammadu Buhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled looting of state resources by leaders, the type which was actively supported by HSBC.
"A bank that soiled its hand with 'millions of US dollars yet-to-be-recovered Abacha loot,' and..."
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