Ahmend Idris Nasreddin's company in Istanbul?

Since the Isle on Mann began to allow the Nasreddin Companies to reestablish banking, imports and export without sanctions in 2007, They came back and specifically asked to allow their Dmocratoc Republic of Congo company to be added to the list of companies free of sanctions.

In addition, TBVD suggests they may be reestablishing an office in Istanbul.

-Shimron Issachar

Nasco Group Nigeria Ltd still Operating In Nigeria

In 2007 Letter from the UN Scruity Council, Nigeria reportes that they had siezed the assests and frozen the accounts of Nasco Group Nigeria Ltd. The Company is headed by Nattia Nassredin, the son of Idris Nasreddin.

Attia Nasrredinn, from the Nasco Group Nigeria Ltd Website



Supporting Documents:


Buried in a letter dated 7 February 2007 from the Chairman of the
Security Council Committee, established pursuant to resolution 1373, is a report on the Status of Nigeria, and their move to comply with UN Counter Terrorism iniitiatives.




In the Nigerian portion of the report is this quote:



...... The provisions of the EFCC Act relating to terrorism are being vigorously enforced.

So far,

• two convictions at the Federal High Court, Kaduna dated October 10, 2004 and October 21,2005,have been recorded on acts of terrorism.


• Besides, the EFCC has taken steps to ensure compliance with the United Nations Resolution 1267.


• Following the information furnished by the UN and United States Embassy in Nigeria, alleging that Nasco Group Nigeria Ltd is owned by Ahmed Idris Nasreddin, a designate of both the US and UN as an individual belonging to or associated with Al Queda, the Taliban or Usama bin Ladin, the Federal High Court sitting in Abuja on Friday, March 3, 2006, granted an application stopping and freezing the financial and economic assets including business properties and things within Nigeria, belonging to or associated with Ahmed Idris Nassreddin, Nastrade Nigeria Ltd and 3 other companies in that Group.


• The assets were accordingly forfeited to the Federal Government
  of Nigeria in the interim.

The Rest @ The United Nations Security Council








However, the Company is still open and operating....





Nasco Group Nigeria Ltd Company Profile


Updated: 12-MAR-09




Nasco Group (Nigeria) Ltd.



International Private companyPMB 2722, 1 Old Airport Rd., Jos, , Nigeria()234 73 463348, 234 73 461554 fax, http://www.nascogrp.com/





Primary SIC: Cereal Breakfast Foods, Primary NAICS: Breakfast Cereal ManufacturingDescription: Manufacturing: Conglomerate involved in the carpet, confectionery, biscuits, cereals, detergents, soaps and cosmetics industries


-Shimron Issachar

Sanctioned Nasreddin Companies

NASREDDIN GROUP INTERNATIONAL HOLDING LIMITED,
(a.k.a. NASREDDIN GKOUP INTERNATIONAL HOLDINGS LIMITED);
C/o Arthur D. Hanna & Company; 10 Deveaux Street, Nassau, Bahamas;
P.O. Box N-4877, Nassau, Bahamas.

15. NASCO NASREDDIN HOLDING A.S.,
Zemin Kat, 219 Demirhane Caddesi, Zeytinburnu, Istanbul ,Turkey.

16. NASCOTEX S.A.,
(a.k.a. INDUSTRIE GENERALE DE FILATURE ET TISSAGE);
(a.k.a. INDUSTRIE GENERALE DE TEXTILE);
KM 7 Route de Rabat, BP 285, Tangiers, Morocco;
KM 7 Route de Rabat, Tangiers, Morocco.

17. NASREDDIN FOUNDATION,
(a.k.a. NASREDDIN STIFTUNG);
C/o Rechta Treuhand-Anstalt, Vaduz, Liechtenstein.

NASCOSERVICE S.R.L.,
Corso Sempione 69, 20149 Milan, Italy;
Fiscal Code: 08557650150;
V.A.T. Number: IT 08557650150.

NASCO BUSINESS RESIDENCE CENTER SAS DI NASREDDIN AHMED IDRIS EC,
Corso Sempione 69, 20149 Milan, Italy;
Fiscal Code: 01406430155;
V.A.T. Number: IT 01406430155.

NASREDDIN COMPANY NASCO SAS DI AHMED IDRIS NASREDDIN EC,
Corso Sempione 69, 20149 Milan, Italy;
Fiscal Code: 03464040157;
V.A.T. Number: IT 03464040157.

NASREDDIN INTERNATIONAL GROUP LIMITED HOLDING,
(a.k.a. NASREDDIN INTERNATIONAL GROUP LTD. HOLDING);
C/o Rechta Treuhand-Anstalt, Vaduz, Liechtenstein;
Corso Sempione 69, 20149, Milan. Italy.


(Waht follows is from from 2002 UN Report. These assets have been frozen or restructured,or are still operating somewhere)

II. Nada/Nasreddin Network
Based on information available to Italy and the United States, Youssef Nada ("Nada") and Ahmed Idris Nasreddin ("Nasreddin"), through commercial holdings, operate an extensive financial network providing support for terrorist related activities. In the case of Nada and Nasreddin, this involves an extensive conglomeration of businesses from which they derive their income or through which they conduct transactions. Based on evidence of their support of terrorism, Nada and Nasreddin were previously designated by the international community as financiers of terror. Nada was designated by the United States on November 7, 2001, and by the United Nations on November 9, 2001. Nasreddin was designated by the G7 on April 19, 2002, and by the United Nations on April 24, 2002. Nasreddin's corporate holdings and financial network provide direct support for Nada and Bank Al Taqwa, which was also previously designated by the United States on November 7, 2001, and the United Nations on November 9, 2001. This designation of fourteen additional entities owned or controlled by either Nada or Nasreddin will further restrict their assets and their network by precluding these companies from being used to provide funding or support for terrorism.
Nasreddin and Nada, who have worked closely together for many years, are both directors of Bank Al Taqwa and Akida Bank. Nada holds a controlling interest in Bank Al Taqwa and Nasreddin holds a controlling interest in Akida Bank. Bank Al Taqwa and Akida Bank are not functional banking institutions in the conventional sense. They are shell companies lacking a physical presence and sharing the same address in the Bahamas where they were licensed. For this reason the licenses of Bank Al Taqwa and Akida Bank have been revoked by the Bahamian government.
Bank Al Taqwa, for which Nasreddin is a director, was established in 1988 with significant backing from the Muslim Brotherhood. They have been involved in financing radical groups such as the Palestinian Hamas, Algeria's Islamic Salvation Front and Armed Islamic Group, Tunisia's An-Nahda, and Usama bin Laden and his al-Qaida organization. Bank Al Taqwa was established in the Bahamas and is a close affiliate of the Al Taqwa Management Organization, which changed its name in the spring of 2000 to the Nada Management Organization. In 1997, it was reported that the $60 million collected annually for Hamas was moved to Bank Al Taqwa accounts. As of October 2000, Bank Al Taqwa appeared to be providing a clandestine line of credit to a close associate of Usama bin Laden and as of late September 2001, Usama bin Laden and his al-Qaida organization received financial assistance from Youssef M. Nada.
Nada and Nasreddin own or control a number of business entities through direct ownership, control, or in cooperation with each other. Fourteen of these entities are being designated in furtherance of the prior designations of these two individuals to disrupt their use of assets under their ownership or control that could be used to finance terrorist activities.

• NASREDDIN GROUP INTERNATIONAL HOLDING LTD.
• NASCO NASREDDIN HOLDING A.S.; NASCOTEX S.A.; NASREDDIN FOUNDATION;
• BA TAQWA FOR COMMERCE AND REAL ESTATE COMPANY LTD.
• NASCOSERVICE S.R.L.;
• NASCO BUSINESS RESIDENCE CENTER SAS DI NASREDDIN AHMED IDRIS EC; NASREDDIN COMPANY
• NASCO SAS DI
• AHMED IDRIS NASSNEDDIN EC;
• NADA INTERNATIONAL ANSTALT;
  NASREDDIN INTERNATIONAL GROUP LIMITED HOLDING
• THE AID ORGANIZATION OF THE ULEMA
• AHMED IDRIS NASREDDIN
• YOUSSEF NADA
• ABDELKADIR MAHMOUD ES SAYED;

How Corporate SponsorshIp Finances Terrorists

Though the most open funders were shut down in 2002, and there is a succesful on-going process to shut down more. However, there is a system of financing which is still very active.
Al Qaeda and other terrorst groups have developed a constant supply of funds with which to pay recruiter and marketing expenses, guns, bombs, food, fuel and bullets. It is a system of corporate and privite indiviudal support encouraged by the Islamic principles of Sharia, Zakat, Sukuk, and Taqiyya. These practices makes this funding not jusrt acceptable, but a moral obligation to Salafist Muslims .

According to Wikipedia,

"Salafism is a movement within Sunni Islam. It includes many groups and shades of belief. It is strongest in the Middle East, but it is also found in most other Muslim-majority countries (see Islam by country and Demographics of Islam). It is increasingly important to diasporic Muslims in Europe, Canada, and the United States."

The net result is that there are businesses all around the western world, in Majority Christiain countries that can finance Terrorism.

Here is one way it works. It creates plausible deiniability of responsiblity by using multiple zakat facilitaors. I'm sure Money Laundering specialists have another term for it. Here is how it works:

A devout Salafist Muslim, often a member of powerful business and political network like the Muslim Brotherhood has a business or family of businesses, (like NASCO) that is required to pay Zakat, in accordance with Sharia law. So see how pervasive is this practice, do the following google search "Zakat AND Bank" . Read what those pages have to say...Tihis search recently generated over 408,000 hits.

Back to the islamic businss: One of their bank realtionships is with an Islamic Bank, whith has a Sharia Advisory Council. The bank's Council collects all the Zakat payments and determines how they will be distributed. Now the Business owner is removed from direct knowledge of the next steps, as they do not generally participate in the Advisory Council.

1. The council will come up with a distribution plan, which is reviewed by an Islamic Law specialist, a Mufti, who issues a Fatwa, or Islamic ruling, that declares the plan meets Sharia requirements. The plan may never again be available for public scruitiny.
2. Before 9/11/01, There were some Saudi funds specifically dedicated to support Jihad, informally called Account 98 .
3. The eintire system will be audited, and passed by someone certified in Islamic Accounting, who also knows Zakat funds may be used for Jihad, according to Sharia.
4. Among those receiving the Zakat funds will be one or more Islamic Charities and NGOs. These organizations have their own councils for distribution of funds, and in addition to direct aid, may give funds to other groups.
5. Some of theses recipients of Zakat Funds support groups which have sworn support for al Qaeda.
6. These groups then use existing criminal and arms dealing networks to bringing in or buy recruits, arms, bullits, explosives, food, fuel, computers, telecom support. What ever they need. Thats another story for another day.
7. The original Islamic businesses that funded Jihad are 4 or 5 levels removed from having any idea about where their money goes. Their money and profits are being used, Nonetheless, to fund terrorism.

It is my belief that many Islamic businesses know full well which banks and which funds to use if they are inclined to support Jihad, but want to remain distant.

NASCO's Family Connection to al Taqwa Bank

Al Taqwa , the funding Bank, Financed terrorist supporting businesses all over the world. The Bank's Director Ahmed Idris Nasreddin, had assets frozen all over the world after 911. NASCO Group in Nigeria, a thriving and profitable food processing and real estate company, was owned by Nasreddin's son Attia A. Nasreddin.

To avoid Being Shut down, NASCO suddenly turned up being owned by a Amana Holdings, based in Panama. And though the Commonwealth of Massachusetts lists the entire NASCO group as a suspected terrorist organization, the NASCO group is still operating today.

A Check of Amana Holdings in Panama by NBC Showed that Ahmed Idris Nasreddin was President.

To date nothing has happened the NASCO, who appears to have expanded operations since then. The Still Sponsor Sporting tournaments and events., etc.

Nasco Group Nigeria Ltd Yakubu Gowon Way
Old Airport Road Junction P.M.B. 2722,
Jos, Nigeria Tel: 234 - 73 - 463175/463347 234 - 73 - 463553Fax: 234
(1) 2616873E-mail: nasco@alpha.linkserve.com

In 2005, the likely reason there was no pressure was Charles Taylor. N0w the He is safely on trial in the Hague, there is a new reason. A New Nigerian President.


We will keep chronicling these Companies until action is taken


-Shimron Issacahr

2007 UN Report on Nigerian Ant-Terrorism Compliance is at Least PArtially Incorrect

The UNCR of the United Nations put out a glowing report today about the effectivenss of Nigeria's Anti-terrorism measures.

of special note is the statement that several Nassredin companies were shut down. What is of great interest is that NASCO, owned and operated by Attia Nassredin, the son of Ahmed Idris Nasreddin.

This is isnteresting since Attia's company is stilll operating, and has never been shut down, as far as I can tell.

....I wonder if the rest of Nigeria's POsitive report is also fabricated...

-Shimron

Here are sections from the report:

"The provisions of the EFCC Act relating to terrorism are being vigorously enforced. So far,
two convictions at the Federal High Court, Kaduna dated October 10, 2004 and October 21,
2005, have been recorded on acts of terrorism.

Besides, the EFCC has taken steps to ensure compliance with the United Nations Resolution 1267.

• Following the information furnished by the UN and United States Embassy in Nigeria, alleging that Nasco Group Nigeria Ltd is owned by Ahmed Idris Nasreddin, a designate of both the US and UN as an individual belonging to or associated with Al Queda, the Taliban or Usama bin Ladin, the Federal High S/2007/65 07-26025 6
  Court sitting in Abuja on Friday, March 3, 2006, granted an application stopping and freezing the financial and economic assets including business properties and things within Nigeria, belonging to or associated with Ahmed Idris Nassreddin, Nastrade Nigeria Ltd and 3 other companies in that Group. The assets were accordingly forfeited to the Federal Government of Nigeria in the interim.
• The Nigerian Department of State Services has also done considerable work in respect of
  tracking down terrorists and freezing and/or seizing their assets. It has set up Counter-
  Terrorism Centres in Lagos, Kano, Maiduguri and Abuja to facilitate its surveillance.
  
• ....Similarly, the activities of Haruna Shahru, another agent of GSPC financing extremist and terrorist activities by laundering proceeds from smuggled goods was detected and dismantled. Several properties including technical equipment were seized and Mr. Shahru arrested and detained.
  
• Banking secrecy and confidentiality has been abolished in Nigeria by virtue of Section 12(4)
  of the Money Laundering (Prohibition) Act 2774.
  
• At the regional level, Nigeria has contributed greatly to operationalization of GIABA, the
  West African FATF style regional body, established to combat money laundering and terrorist......"