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NASCO GROUP REJECTS IRRESPONSIBLE & FAKE JOURNALISM

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The Management of NASCO Group Nigeria note the defamatory and slanderous contents of an online article currently being circulated on social media about our business. 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 tranquility 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, Dr. Ahmed Nasreddin, and his business interest of all false allegations. It was clearly establsuhed that NASCO ws never at any time associated with the sponsorship of terrorism – directly or indirectly – anywhere in the world. (Reference: 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 terrrorism in Nigeria or in any other country. (Reference: National Intelligence Agency of Nigeria, Report to the Presidency, dated 11 April 2008)
Contrary to 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 these 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 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 has been committed to best practices in the manufacturing of quality products of international standards.
Over the last 58 years, NASCO has achieved many milestones and is still contributing significantly to Nigeria’s rich agricultural and industrial heritage. The company directly employs thousands of talented people across its various sites, and indirectly sustains the employment and livelihood of thousands more people across the nation. We actively support thousands of local farmers from whom we source maize for our award-winning, whole-flaked NASCO Cornflakes.
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. It speaks volumes that the individual 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 quality life” for Nigeria and its people.

Signed: NASCO Group Management

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Former Governor Ifeanyi Okowa, Spends Second Night In EFCC’s Cell Over N1.3 Trillion Alleged Fraud

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Immediate past governor of Delta State, Ifeanyi Okowa, who was arrested and detained by the Economic and Financial Crimes Commission (EFCC) has spent second night in the custody of the anti-graft commission.

 

Okowa is currently being investigated and detained over the alleged diversion of N1.3 trillion.

 

The N1.3 trillion reportedly represents the 13% derivation fund from the federation account between 2015 and 2023.

 

According to sources within the commission, Okowa was invited to the EFCC office in Port Harcourt, Rivers State, where he’s subsequently detained by officials.

 

One of the sources stated, “Okowa was at our Port Harcourt office following an invitation from investigators probing the allegations against him. He was then arrested. The commission is investigating him regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.

 

“He is also accused of failing to account for the funds, as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas. He reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project. The funds are alleged to have been misappropriated for other purposes.

Investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State. He is currently being held at the EFCC facility in Port Harcourt.

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Lagos Government Shuts Down Redeemed Church, Celestial Church, Clubs, Event Centres Over Noise Pollution

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The Lagos State government has shut down a branch of Pastor E. A. Adeboye’s Redeemed Christian Church of God, a Celestial church, nightclubs and event centres over noise pollution.

The Commissioner for Environment and Water Resources, Tokunbo Wahab, who made this known on Wednesday, said the churches, clubs and event centres were sealed on Tuesday by the Lagos State Environmental Protection Agency (LASEPA) in the Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota areas of the state.

The sealed establishments include: Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Lounge & Lodging, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.

The commissioner in a post on X said, “In a bid to address noise pollution and other environmental violations, the Lagos State Environmental Protection Agency (LASEPA) took action yesterday, closing down several establishments across different parts of the state.

“This enforcement drive, focusing on areas like Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota, is part of LASEPA’s continuous efforts to uphold environmental standards and safeguard public health.

“The affected establishments include Honourable Lounge & Lodging, Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.”

 

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Gen. Taoreed Lagbaja: Tinubu directs flags be flown at half-mast

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President Bola Tinubu has directed that Nigeria’s national flags be flown at half mast for seven days across the country to mourn the passing of the late Chief of Army Staff, Lt. Gen. Taoreed Lagbaja.

The late Army chief, who was appointed by Tinubu on 19 June 2023, was said to have passed away on Tuesday night after a prolonged illness.

The Secretary to the Government of the Federation, George Akume, in a statement on Wednesday by his office Director of Information & Public Relations, Segun Imohiosen, said the president expressed regret over Lagbaja’s death.

Akume said, “President Bola Tinubu has expressed regret following the death of the Chief of Army Staff, Lieutenant General Taoreed Abiodun Lagbaja, after a brief illness at the age of 56.

“The President has directed that national flags be flown at half mast throughout the country for seven days in honour of the departed Army chief.

“He profoundly appreciates the services of the departed to the nation and wishes the family the fortitude to bear the great loss.”

Meanwhile, the Ministers of Defence, Mohammed Badaru and Bello Matawalle, have commiserated with the president, the military, and Lagbaja’s family over his death.

In a statement by the Ministry’s spokesperson, Henshaw Ogubike, the ministers described Lagbaja’s death as a great loss to his family, the Army, and the nation at large.

“The passing on to eternal glory shocked us at the Ministry of Defence, as our working relationship with him was commendable; he exhibited the spirit of camaraderie and cooperation with us in the discharge of our mandate.

“The late Chief of Army Staff contributed significantly to internal security operations across Nigeria and also exhibited a high level of professionalism.

“He will be greatly missed by the family, the military, and the nation, as he served the nation with commitment and dedication,” the statement added.

 

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