NASCO clears air on terrorism funding allegation


NASCO described the allegation as false, stating that it was done clearly in an orchestrated manner with malicious intent aimed at causing commercial damage to the brand.


The NASCO group's management has refuted claims that the company and its founder, Late Ahmed Nasreddin, were involved in terrorism financing. 

The rebuttal was issued by NASCO in a statement titled 'NASCO REJECTS IRRESPONSIBLE & FAKE JOURNALISM' on Tuesday. 

The firm called the claim defamatory and slanderous, stating that they have never and will never sponsor any criminal act, organization, or violence of any kind. 

Following the unfortunate incident of 2001, its founder was exonerated by the United Nations Security Council and the US government.

It reads, "after the "unfortunate events of 2001," thousands of people and entities around the world were subjected to investigations.
"A detailed examination by the United Nations Security Council and the US Government totally exonerated NASCO’s late founder. Dr Ahmed Nasreddin, and his business interests of all allegations.
"It was clearly established that NASCO was never at any time associated with the sponsorship of terrorism, directly or indirectly anywhere in the world," adding that a similar investigation was done by the National Intelligence Agency of Nigeria, where it also came to the same conclusion, thereby exonerating our late founder and NASCO Group of any act or complicity in the sponsorship of terrorism in Nigeria or any other country."
The company also said its assets or associated business interests were never seized or accounts frozen after the investigation, noting that it had never had any dealings with other alleged terrorists it was roped in with.
"NASCO can also categorically affirm that it has never been associated with nor had business dealings with any of the persons mentioned in the false report."
The group stated that it is one of the leading companies in Nigeria with an acknowledged legacy of working towards the economic growth and development of the nation, while positively impacting the lives of millions of people.


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