By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: NASCO debunks allegations of financing terrorism against late founder
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

NASCO debunks allegations of financing terrorism against late founder

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: October 6, 2021
Share
3 Min Read
NASCO founder, Late Ahmed Nasreddin
NASCO founder, Late Ahmed Nasreddin
SHARE

The management of NASCO group has refuted claims that the firm and its founder, Late Ahmed Nasreddin has been involved in terrorism financing in Nigeria and across the world.

NASCO issued the rebuttal in a statement on Tuesday titled ‘NASCO REJECTS ITRESPONSIBLE & FAKE JOURNALISM.’

The firm described the allegation as defamatory and slanderous, noting that they have never and will never sponsor any criminal act or organization or violence of any kind.

NASCO in the release stated that it’s founder was exonerated by the United Nations Security Council and US government after the unfortunate incidence of 2001 where thousand of people and entities were subjected to investigation.

- Advertisement -

The company said that, 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 asset or associate business interest was never seized or account frozen after the investigation noting that it has never had any dealing with other alleged terrorist it was roped with.

- Advertisement -

“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.

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.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Ahmed NasreddinNASCO
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Adamu Adamu FG announces plan to pay N75,000 per semester to undergraduates studying education in public universities
Next Article Google CEO Sundar Pichai speaking during its first virtual Google for Africa event Google announces plan to invest $1bn to support Africa’s digital transformation

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities
News
Mike Ejeagha
Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95
News
Tinubu Welcomes Gov Eno to APC as Political Realignments Intensify Across States
Politics Top stories
Super Eagles Rally to Draw Against Russia in International Friendly
Sport
Manchester United Raises Annual Core Profit Forecast to Between £180m and £190m After Europa League Boost
Sport
- Advertisement -
Ad imageAd image

You May Also Like

Ange Postecoglou
Sport

Tottenham Hotspur Part Ways with Ange Postecoglou Despite Europa League Glory

Yusuf Abubakar
Yusuf Abubakar
June 6, 2025
News

Dangote Names Main Refinery Access Road “Bola Ahmed Tinubu Road” in Honor of President

Muhammad A. Aliyu
Muhammad A. Aliyu
June 6, 2025
L-R: Ify Okoye, Digital Creator; Linda Ejiofor-Suleiman, Actress; Stella Erebor, Head Internal Audit, Nigerian Communications Commission; Emanuella Samuel, Comedienne/Actress, Sylvia Musalagani, Safety Policy Manager, Africa, Middle East & Turkey (AMET), Meta, and Nicole Chikwe, founder of The Mummy Summit, during the launch of Instagram teen accounts in Lagos on Wednesday, June 4, 2025
Tech

Meta Launches Teen Accounts on Instagram in Nigeria to Enhance Online Safety for Young Users

Farouk Mohammed
Farouk Mohammed
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?