By the way, stopping the flow of illicit money from Nigerian banks to the US is the job of the US? Are you real? Let me guess, the money comes with signs on each note stating it is illicit, on it's way to banks outside of Nigeria? UGH!!

READ THIS

A U.S. unit of HSBC has cut ties with some Angolan banks, a source with direct knowledge of the matter said, months after a U.S. Senate investigation criticised it for lax oversight of accounts held by Angolans, including a former central bank governor.
Twice the size of Texas, the southwest African country is a lucrative prospect for big Western lenders: its economy is expected to grow by 8.6 percent this year, yet only 11 percent of the 16.5 million population use banks.
But like Citigroup before it, HSBC appears to have been stung by the oil-rich African nation, which ranked in the bottom 19 of 180 countries in a Transparency International corruption study last year.
HSBC Bank USA told some Angolan banks last month it would no longer do business with them, said the source, who declined to be identified.
"HSBC Bank USA told banks in Angola it will close all U.S. dollar accounts and end all fund transfers with them this month," the source said.
It was not immediately clear how many Angolan banks would be affected, or whether other units of HSBC would still do business in the country.
Officials for HSBC Bank USA in New York and HSBC in London declined to comment.
"We know that Citibank pulled out of Angola in 2003 because the concern of money laundering outweighed the benefits of accessing the lucrative Angolan market," said Diarmid O'Sullivan, a U.K.-based campaigner for anti-corruption watchdog Global Witness.
"There is a continuing risk for any international bank until Angola cleans up its act."
Angola has about 20 banks, none of which are listed.

SUSPECT TRANSACTIONS
A February report by the United States Senate permanent subcommittee on investigations said that in 2002, the then-governor of Angola's central bank, Aguinaldo Jaime, attempted to move $50 million of state funds into a private U.S. account and that HSBC had been slow to recognise potentially suspect transactions.
The 325-page report said Jaime first attempted to transfer the money using other banks before turning to Citigroup unit Citibank, and eventually, HSBC.
Concern about the attempted transactions prompted Citibank to end its relationships with the Angolan government, the subcommittee said.
"In contrast, HSBC personnel facilitated multiple wire transfers of the $50 million , until a compliance officer warned about a possible scam."
Jaime was not available for comment and two messages left on his mobile phone were not returned.
HSBC continued to do business with the central bank and may be providing it with offshore accounts in the Bahamas, the subcommittee said.
U.S. Senator Carl Levin, chairman of the subcommittee, said at a February hearing that HSBC also helped the central bank avoid a British court order freezing some of its assets.
The central bank is currently the target of an embezzlement probe by Angola's attorney general that has led to dozens of arrests of middle- and low-level employees.
It was not immediately clear if HSBC planned to cut ties with the Angolan central bank. A central bank spokeswoman, Amelia Borja, said she was "not aware" of such a decision by HSBC.

BAI CONNECTION
The subcommittee also criticised HSBC's dealings with Banco Africano de Investimentos, Angola's largest lender by deposits.
HSBC failed to designate BAI as a "high-risk client", even though the bank refused to fully disclose its owners or provide information on its anti-money laundering controls.
For ten years BAI gained entry to the U.S. financial system through HSBC accounts in New York and other services, the subcommittee said.
BAI spokesman Diala Monteiro was not available for comment.
Some of BAI's clients are so-called Politically Exposed Persons, the subcommittee said, meaning politically powerful foreign officials, their relatives and close associates.
Banks are required under the USA Patriot Act of 2001 to closely scrutinise the private accounts of senior foreign officials.
HSBC's decision to close the accounts mirrors the move by Citibank in 2003. At that time, the U.S. bank expressed concern about Angolan corruption in a memo obtained by the subcommittee.

completely ignore this
[size=14pt]SUSPECT TRANSACTIONS[/size]

.

LOL!

anywaz, EL Razur can vouch for me.

Vouch for you?

ah yes nau!

paddy_lo:

Again my point is that More actions like the Above targeting corrupt Africans will be more constructive in my opinion

Yes, this is true,

Those leaders have for too long visited the US and UK to do as they wish. But in those countries common sense law occurs.

Only if our people wakeup in NAIJA and ban him as well

If the rest of the western world can do this, and INCLUDE immediate family members, these guys will be forced to use the stolen money in Nigeria to build hospitals etc and not ship it abroad.

ajadudu:

If the rest of the western world can do this, and INCLUDE immediate family members, these guys will be forced to use the stolen money in Nigeria to build hospitals etc and not ship it abroad.

Wouldn't that be nice.

A world class medical center in the East, West, South, Middle Belt, etc.

This is good news. How I wish they could extend this ban to all the lawmakers in National Assembly as they are busy demanding salary greater than $1.5 million and taking it to vacation in U.S. and other places.

the kids should feel the pain of how their father aided in adding to the suffering of Nigerians. The millions that he stole could have been part of contracts to build roads, schools, etc that would help improve conditions. If the kids and family feel the pain then they will make Aondokaa feel uncomfortable, so that he will regret looting.

NAija ppl, Y all dis argument, I know dat a thief wil always support his mate, those dat felt ashamed for his children are foolish NIGERIANS, U a there suffering while one stupid man enriches his children with our wealth and u a saying rubbish, If u ppl clamoring on his daughters a outside dis country i won`t mind if the US government can sanction u 2 and send u bac home to face the problem we masses are facing in NAIJA here.

I won`t mind if they can continue like dis for others , so that it will serve as a lesson to all the ppl in power and those of u supporting them because of ur selfish interest, or U WANNA MARRY HIS DAUGHTERS ?.

The UK should follow suit by banning and/or deporting his kids and wives; the children, while not responsible for the sins of their father, MUST surely pay the price for benefiting from the fruits of an ill gotten wealth. That way, these bastard politician thieves will think twice about stealing when they know that they have no safe haven in the UK or US or overseas in general/

ajadudu:

If the rest of the western world can do this, and INCLUDE immediate family members, these guys will be forced to use the stolen money in Nigeria to build hospitals etc and not ship it abroad.

nice one !!!!

ajadudu:

If the rest of the western world can do this, and INCLUDE immediate family members, these guys will be forced to use the stolen money in Nigeria to build hospitals etc and not ship it abroad.

Life is not always black and white. Greedy men and corrupt people will always find other alternatives. If the western world do not work for them, them go look east. Heck, China will turn a blind eye.

This is a very good move by the united states, please the europen union should please follow the steps of the US, let aondoaka feel the pain that he unleashed on nigerians, and the rest of the world when he decided to blantantly and arrogantly prevent justice mented on those looting and destroying the economy of 150million nigerians.

If aondoaka is found to be involed in money laundering he should be tried be it in the US or the rest of the EU and all his assest and foreign acounts should be frozen and consificated. This is pay back time for 150million nigerians that he took for a long ride.

The sins of the fathers visits the children.However,when will obasanjo,atiku,IBB and the rest of the notorious bandits be barred from entering developed and rational world?

redsun:

The sins of the fathers visits the children.However,when will obasanjo,atiku,IBB and the rest of the notorious bandits be barred from entering developed and rational world?

Yes. Excellent logic. Let God punish you for the sins your father committed. Or better still, let the state hold you responsible for any wrong doings of your parent.

ElRazur:

Yes. Excellent logic. Let God punish you for the sins your father committed. Or better still, let the state hold you responsible for any wrong doings of your parent.

Like they say,like parents like children.You are the product of your parents.

I am proud and bold because my parents are iniquity free,same thing i am going to pass on to my children

redsun:

Like they say,like parents like children.You are the product of your parents.

I am proud and bold because my parents are iniquity free,same thing i am going to pass on to my children

Red sun, how is the above remotely close to what I posted?

Please answer simple yes or no. Should God/Society punish you for a sin/crime you do not commit?


For the record, I am not my Parent, they may have given birth to me and looked after me, but I picked my own ways once I am able to. I am my own person. I am an individual and as such, I can only be responsible for my actions.

ElRazur:

Red sun, how is the above remotely close to what I posted?

Please answer simple yes or no. Should God/Society punish you for a sin/crime you do not commit?


For the record, I am not my Parent, they may have given birth to me and looked after me, but I picked my own ways once I am able to. I am my own person. I am an individual and as such, I can only be responsible for my actions.

God in this case means repercussions,whatever evil you commit as a public will filter down to your unborn generation.

Take a peep from history,hitler and the rest,no sane person wants to associate with that name,they died with their names as regards family ties

As for what you think you are,that is your cup of tea,you don't cut across to me.

Meaningless rant, when a "yes or no" was all you needed.

I guess using your logic, we should kill your unborn kids via sterilizing you. Anyone with such a silly logic like yours should have their balls removed. After all, children who are totally innocent should pay for the sins of their fathers.

Nice.

Good 4 them all.

ElRazur:

Meaningless rant, when a "yes or no" was all you needed.

I guess using your logic, we should kill your unborn kids via sterilizing you. Anyone with such a silly logic like yours should have their balls remove. After all, children who are totally innocent should pay for the sins of their fathers.

Nice.

You are always dan too stupid to visualize,that trait must have been passed down to u from ur parents,which buttresses the case of like parents alike children

redsun:

You are always dan too silly to visualize,that trait must have been passed down to u from your parents,which buttresses the case of like parents alike children

Yeah, if you cannot answer a simple and logical "yes or no" to a question. I guess it makes perfect sense to take a shot at my parent. Nice. Very clever of you.

ElRazur:

Yeah, if you cannot answer a simple and logical "yes or no" to a question. I guess it makes perfect sense to take a shot at my parent. Nice. Very clever of you.

I wonder what logic means to u,subjection,eeh?You base yr reasoning on hearsay or rather 'hearlogic',wannabe murderfucker.

Yes Obama, am impressed. Keep flogging the dullards, even the embarrasment he received in britain recently should have thot him lessons. Am impressed Obama, keep dealing with the badguys among us with diplomatic disdain to drive home your point, we are happy. His kids should be told what their father did. yes, they should know that they are living on filth-money, so that when they go clubbing for instance they already have the arithmetics of how many families could be going hungered for the night.we are enjoying this

xamphara:

Yes Obama, am impressed. Keep flogging the dullards, even the embarrasment he received in britain recently should have thot him lessons. Am impressed Obama, keep dealing with the badguys among us with diplomatic disdain to drive home your point, we are happy. His kids should be told what their father did. yes, they should know that they are living on filth-money, so that when they go clubbing for instance they already have the arithmetics of how many families could be going hungered for the night.we are enjoying this

There should be like on Nairaland like Facebook, I like this.

I suspect some people here, why would some people defend corrupt individuals if they themselves are not direct beneficiary of stashed money. They live in US and they do not know how money get into their account, yet money gets wired on weekly basis, they want  freedom to enjoy life and cross boundaries as they wish. While some children of hardworking  and modest people will never cross the shores of Nigeria because the parent's earnings can't sustain it.

It would be unfair if Justice is meted on him alone and his children left unbanned. Check the likes of Babangida and Abacha who had stolen enough, their sons are still living exorbitant lifestyle. A friend of mine who schools/lives in Canada told me that one Babangida's son or relative lives a fly life living in a mansion and riding uncommon customized cars that even the whites godify him.

Thumbs Up for Obama. This is a good move and it shows that US has Zero-tolerance for corruption, let them run to Saudi and Dubai. One day one God will catch them.

Inasmuch as I can say that I am happy with this development, on the other hand I am not. Why is the US taking this personal? Why is it only him been banned and not all corrupt officers who has been alleged so by EFFCC or something? I want to know, if this letter addressing only aondokaa was taken to Obama and he signed just this letter? Why Why Why? Very soon they will start telling Goodluck how to sleep with his wife. First it was Iwu, now its aondokaa, what next are they going to tell us? how to rule our country? who to put in position and who to remove? I am not happy about this development at all!!!!!!!! It shouldnt have been just him. I am not happy about this I repeat!Dont they have problems of their own in US? they should face it now and leave us all alone!! All said and done sha, good for Aondokaa but I am still not happy with US Government!!!

Holy Ghost destroy Destroyer, to helk with him and his kids

Yes they can leave the children alone if they (children) agreed not to use a dime out of the corrupt money.

remember a repantant cultist will only be free from the wrath of his former warlord if he chooses to do away with anything gained from the occult world.

Else the nemesis of the father shall pass upon his children!!!

Worthless parents do not deserve children,because if they do have children,their children will inevitably suffer the consequences of their worthlessness

Obama is not an ordinary politician,he's really kicking the assess of the monsters that have kept the people down for so long,not just that of unfit african leaders but that of corporate giants that use to get away with all sorts.