The Management of NASCO Group Nigeria has demystified reports making the rounds where the company is linked to the sponsorship of terrorism in the country.

In a Press release on Tuesday, the company stated that it had never been involved in such practice, and that their founder Ahmed Nasreddin, who died last week, had been exonerated of these claims several times in time past. The company, described the allegation as defamatory and slanderous.

The statement read, “We state categorically that we have never and will never be sponsor of any criminal act, organisation, or violence of any kind that will disrupt the peace and tranquillity of the Nigerian state or any country in the world.”

The company declared 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 statement also claimed that at no time were the assets of NASCO Group and/or any of its associated business interest ever seized or their accounts frozen due to any of the stated investigations.

“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.

“NASCO Group 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. Since 1963, the company had been committed to best practices in the manufacturing of quality products of international standards.

“We therefore firmly reject this false report, which was done in a clearly orchestrated manner with malicious intent aimed at causing commercial damage to our successful brands.”