The management of NASCO Group – manufacturer of the popular Nasco cornflakes has debunked allegations that it is financing Boko Haram and other terror groups in Nigeria.

In a statement dated October 5 2021, titled, NASCO Group Rejects Irresponsible & Fake Journalism’, the beverage company labelled the allegations as false.

WuzupNigeria reported that NASCO’s late boss, Ahmed Idris Nasreddin and a handful of other notable northerners were indicted an investigative report by popular freelance investigative journalist, David Hundeyin, alleging that they are financing terrorism in the country.

However, in the lengthy press release on Tuesday, NASCO defended its late boss, noting that the online publication about its business is “defamatory and slanderous”.

“We state categorically that we have never, and will never be sponsors to any criminal act, organization, or violence of any kind that will disrupt the peace and tranquillity of the Nigerian state or any country in the world.

“After the unfortunate events of 2001. thousands of people and entities around the world were subjected to various investigations.

“A detailed examination by the United Nations Security Council and the US Government totally exonerated NASCO’s late founder. Dir. Ahmed Nasreddin, and his business interest of all false 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 (References United Nations Security Council Resolution SC 9172 dated 15 November 2007 & United Nations Security Council Resolution S/2008/25 dated 17 January 2008).

“A similar investigation was carried out 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 in any other country (Reference National Intelligence Agency of Nigeria, Report to the Presidency, dated 11 April 2008).

“Contrary to the false allegations at no time were the assets of NASCO Group Nigeria and/or any of its associated trade, commercial and business interests ever seized nor their accounts frozen due to any of those investigations NASCO can also categorically affirm that it has never been associated with nor had businesses dealings with any of the persons mentioned in the false report.

“NASCO Group in 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.”

The group noted that since 1963, it has been committed to best practices in the manufacturing of quality products of international standards while noting its achievement and input in the country’s economy.

“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 trade.

“It speaks volumes that the individual who was responsible for this mischievous article chose to only feature false allegations almost two-decades-old, while intentionally leaving out the final UN resolutions and the accompanying exonerations.

“As with all false and hate-filled articles, the truth will always prevail. NASCO will continue to provide the quality life” for Nigeria and its people.”