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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
Showing posts with label Nasreddin companies. Show all posts
Showing posts with label Nasreddin companies. Show all posts
Thursday, August 27, 2009
Friday, June 26, 2009
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
Friday, August 17, 2007
The following article is from ER24, an Eritrian, (North African) News Wire. It is quoting a Newsweek article. I have noticed that certain documents are vdisappearing from the web in the last few months, even from caches. Though the Newsweek article is not likely to go away, THe ER24 article might. Here is a link toER24 the article, but it would not surprise me to see the article disappear.
-Shimron
So for the record:
Newsweek: U.S. Treasury Says Banking Network Funded Osama bin Laden Before and After September 11, Newsweek Reports 3/17/02 9:15 AMSource: PR Newswire
NEW YORK, March 17 /PRNewswire/ -- In neo-Nazi circles, 74-year-old Albert Huber is something of a celebrity. The retired Swiss journalist gives talks to far-right groups around the world, condemning Zionists and arguing that the Holocaust was exaggerated. Over the past two decades he made regular trips to the United States, lecturing at Aryan youth and Nation of Islam meetings. Huber's rants are especially popular among radical Muslims. Born a Christian, the blue-eyed, silver-haired Huber converted to Islam in the 1960s. He now calls himself Ahmad, and preaches that neo-Nazis and Muslims should join ranks to defeat Israel. "The United States is now controlled by a small Jewish faction," he says. "We are making a link between Islamic movements and the New Right in Europe." The late Iranian dictator Ayatollah Khomeini was so impressed with his theories that Huber was once invited to sit at his feet at a gathering in Tehran. More recently, Huber says he has been approached at Islamic conferences by people introduced as representatives of Osama bin Laden.
Garrulous and surprisingly friendly, Huber is unapologetic about the attention bin Laden's supporters give him. But despite his extreme beliefs -- he described the September 11 attacks as "counterterror against American-Israeli terror" -- he claims he has no personal ties to terrorists. International investigators think otherwise. Late last year the United States put him on a list of people suspected of financing terrorism. Huber served on the board of Al Taqwa, a shadowy financial network that, they say, hid money for bin Laden and other international terrorists and helped to fund their operations.
Investigators on bin Laden's trail had known of Al Taqwa's existence for years. But the group's mazelike structure made it hard to track, and the Feds considered it a low priority. Not anymore. Within hours of the September 11 attacks, a senior official told Newsweek, President George W. Bush ordered his national-security team to seize bin Laden's cash. "I want their money," the president demanded. "I want it now. I want to hurt them." In November the Treasury Department froze the assets of Al Taqwa, Huber and most of the network's other leaders. Shortly thereafter, it went into liquidation.
Taqwa officials strongly deny that they have any connection with terrorists. But after months of probing, the Feds say they have evidence that Al Taqwa provided support to bin Laden both before and after September 11 .
A Newsweek investigation -- including interviews with U.S. and European law-enforcement agents and top Taqwa officials -- reveals how bin Laden's suspected bankers kept the cash flowing, and how they managed to stay for so long beneath the radar.
Al Taqwa, which means "Fear of God," was launched in the late 1980s by leaders of the Muslim Brotherhood, a secret society devoted to the creation of a worldwide Islamic government. The Brotherhood wanted to create a financial institution in which devout Muslims could invest their money. It would operate under strict Islamic law, which prohibits banks from charging interest. But investigators believe the convoluted structure of Al Taqwa made it easy to use as a money-laundering mechanism. Al Taqwa had no offices. The entire operation consisted of four men working at computers in a small apartment in Lugano, Switzerland. Lugano, which sits near the Italian border, is a kind of Alpine Tijuana, well known as a haven for tax evaders and money launderers.
Al Taqwa's founders made other suspicious moves -- registering the network as an offshore bank in the Bahamas, where secrecy laws would protect transactions from prying investigators. Back in Switzerland, the Bahamian license allowed Taqwa bosses to open commercial "correspondent" accounts with established European banks -- paying the larger institutions fees to make cash transfers around the world for them, without calling attention to themselves. All are classic money-laundering techniques, investigators say.
Intelligence sources say they weren't aware of Al Taqwa's activities until the mid-ྖs, when the Egyptians began investigating possible terrorist links to one of Taqwa's founders and shareholders, a wealthy Swiss resident named Ahmed Idris Nasreddin. Born in Eritrea, the 73-year-old Nasreddin claims to be a descendant of African royalty. In the early ྖs he helped create and finance the Islamic Cultural Institute of Milan, a mosque located just over the Italian border from Lugano. European intelligence agencies had begun to suspect that the Cultural Institute was a recruiting and supply center for Al Qaeda and other terrorist groups. The center's late imam Anwar Shaban was a follower of Omar Abdel Rahman, the blind Egyptian cleric now in a U.S. prison for his role in plotting to blow up New York landmarks.
Qaeda terrorists involved in both the 1998 U.S. Embassy bombings in Africa and the failed millennium bombing plot hung out at the Milan center, law-enforcement officials say. The U.S. Treasury Department describes the mosque as "the main Al Qaeda station house in Europe. It is used to facilitate the movement of weapons, men and money across the world." Nasreddin could not be reached. His lawyer, P. F. Barchi, says that Egyptian Secret Service agents warned Nasreddin in the mid-ྖs about possible terrorist "problems" with the center. Al Taqwa's longtime chairman, an Egyptian expat and Muslim Brotherhood member named Youssef Nada, told Newsweek that Nasreddin would never get involved with terrorists. Still, he says he warned Nasreddin to "be more cautious." Barchi says his client only made "charity" donations to support the center's worshipers -- paying rent and utilities -- and has nothing to do with terrorism.
Nasreddin's links to the Milan center made investigators curious about the network's other potential ties to terrorists. By the late ྖs, intelligence agencies on both sides of the Atlantic were probing Al Taqwa. When Swiss regulators began questioning its leaders, Al Taqwa unsuccessfully attempted to placate them by appointing Huber, a Swiss native, to its Swiss board of directors.
Investigators began to take a harder look at Al Taqwa after the embassy bombings. Sources say U.S. intelligence tracked telephone contacts between Al Taqwa and members of bin Laden's inner circle. Qaeda operatives would call Taqwa representatives in the Bahamas as they moved around the world. Still, the network's complex structure made it difficult to prove how money changed hands, and the investigation stalled. Under U.S. pressure, the Bahamian government revoked Al Taqwa's license last spring. Treasury officials say the network continued to do business anyway.
But after Bush's order to roll up bin Laden's money network, European investigators swept in on Al Taqwa, searching Huber's and Nada's homes and freezing their assets. (Nasreddin's money was not frozen.) The Swiss, ever protective of their renowned status as an anonymous banking haven, at first seemed reluctant to go after Al Taqwa. But after a private meeting with Attorney General John Ashcroft in Washington earlier this month, Switzerland's chief prosecutor, Valentin Rohrshacher, told Newsweek his government is now conducting a vigorous criminal investigation.
U.S. officials have been much more blunt about their suspicions. Testifying before Congress in February, Jaime Zarate, a senior Treasury official, said Al Taqwa's connections to terrorists go back at least five years. Zarate told lawmakers that the United States learned in 1997 that the Palestinian terrorist group Hamas had transferred $60 million into Al Taqwa accounts. Zarate also testified that intelligence agencies now have evidence that "as of late September 2001 " -- after the attacks -- "bin Laden and his Al Qaeda organization received financial assistance from [Al Taqwa's] chairman" though he gave no details about what that money might have been used for.
Nasreddin, Huber and Nada all deny laundering money and any involvement of any kind with terrorists -- and prosecutors don't have enough evidence to make a criminal case against them. At least not yet. Prosecutors say they are now piecing together thousands of pages of documents seized in raids on the bank and its leaders, searching for a paper trail between the bankers and bin Laden. Prosecutors concede that Al Taqwa may have been just one of Al Qaeda's many sources of clandestine funds. If so, closing its doors could be an important step in slowing bin Laden's river of cash to a trickle.
-Shimron
So for the record:
Newsweek: U.S. Treasury Says Banking Network Funded Osama bin Laden Before and After September 11, Newsweek Reports 3/17/02 9:15 AMSource: PR Newswire
NEW YORK, March 17 /PRNewswire/ -- In neo-Nazi circles, 74-year-old Albert Huber is something of a celebrity. The retired Swiss journalist gives talks to far-right groups around the world, condemning Zionists and arguing that the Holocaust was exaggerated. Over the past two decades he made regular trips to the United States, lecturing at Aryan youth and Nation of Islam meetings. Huber's rants are especially popular among radical Muslims. Born a Christian, the blue-eyed, silver-haired Huber converted to Islam in the 1960s. He now calls himself Ahmad, and preaches that neo-Nazis and Muslims should join ranks to defeat Israel. "The United States is now controlled by a small Jewish faction," he says. "We are making a link between Islamic movements and the New Right in Europe." The late Iranian dictator Ayatollah Khomeini was so impressed with his theories that Huber was once invited to sit at his feet at a gathering in Tehran. More recently, Huber says he has been approached at Islamic conferences by people introduced as representatives of Osama bin Laden.
Garrulous and surprisingly friendly, Huber is unapologetic about the attention bin Laden's supporters give him. But despite his extreme beliefs -- he described the September 11 attacks as "counterterror against American-Israeli terror" -- he claims he has no personal ties to terrorists. International investigators think otherwise. Late last year the United States put him on a list of people suspected of financing terrorism. Huber served on the board of Al Taqwa, a shadowy financial network that, they say, hid money for bin Laden and other international terrorists and helped to fund their operations.
Investigators on bin Laden's trail had known of Al Taqwa's existence for years. But the group's mazelike structure made it hard to track, and the Feds considered it a low priority. Not anymore. Within hours of the September 11 attacks, a senior official told Newsweek, President George W. Bush ordered his national-security team to seize bin Laden's cash. "I want their money," the president demanded. "I want it now. I want to hurt them." In November the Treasury Department froze the assets of Al Taqwa, Huber and most of the network's other leaders. Shortly thereafter, it went into liquidation.
Taqwa officials strongly deny that they have any connection with terrorists. But after months of probing, the Feds say they have evidence that Al Taqwa provided support to bin Laden both before and after September 11 .
A Newsweek investigation -- including interviews with U.S. and European law-enforcement agents and top Taqwa officials -- reveals how bin Laden's suspected bankers kept the cash flowing, and how they managed to stay for so long beneath the radar.
Al Taqwa, which means "Fear of God," was launched in the late 1980s by leaders of the Muslim Brotherhood, a secret society devoted to the creation of a worldwide Islamic government. The Brotherhood wanted to create a financial institution in which devout Muslims could invest their money. It would operate under strict Islamic law, which prohibits banks from charging interest. But investigators believe the convoluted structure of Al Taqwa made it easy to use as a money-laundering mechanism. Al Taqwa had no offices. The entire operation consisted of four men working at computers in a small apartment in Lugano, Switzerland. Lugano, which sits near the Italian border, is a kind of Alpine Tijuana, well known as a haven for tax evaders and money launderers.
Al Taqwa's founders made other suspicious moves -- registering the network as an offshore bank in the Bahamas, where secrecy laws would protect transactions from prying investigators. Back in Switzerland, the Bahamian license allowed Taqwa bosses to open commercial "correspondent" accounts with established European banks -- paying the larger institutions fees to make cash transfers around the world for them, without calling attention to themselves. All are classic money-laundering techniques, investigators say.
Intelligence sources say they weren't aware of Al Taqwa's activities until the mid-ྖs, when the Egyptians began investigating possible terrorist links to one of Taqwa's founders and shareholders, a wealthy Swiss resident named Ahmed Idris Nasreddin. Born in Eritrea, the 73-year-old Nasreddin claims to be a descendant of African royalty. In the early ྖs he helped create and finance the Islamic Cultural Institute of Milan, a mosque located just over the Italian border from Lugano. European intelligence agencies had begun to suspect that the Cultural Institute was a recruiting and supply center for Al Qaeda and other terrorist groups. The center's late imam Anwar Shaban was a follower of Omar Abdel Rahman, the blind Egyptian cleric now in a U.S. prison for his role in plotting to blow up New York landmarks.
Qaeda terrorists involved in both the 1998 U.S. Embassy bombings in Africa and the failed millennium bombing plot hung out at the Milan center, law-enforcement officials say. The U.S. Treasury Department describes the mosque as "the main Al Qaeda station house in Europe. It is used to facilitate the movement of weapons, men and money across the world." Nasreddin could not be reached. His lawyer, P. F. Barchi, says that Egyptian Secret Service agents warned Nasreddin in the mid-ྖs about possible terrorist "problems" with the center. Al Taqwa's longtime chairman, an Egyptian expat and Muslim Brotherhood member named Youssef Nada, told Newsweek that Nasreddin would never get involved with terrorists. Still, he says he warned Nasreddin to "be more cautious." Barchi says his client only made "charity" donations to support the center's worshipers -- paying rent and utilities -- and has nothing to do with terrorism.
Nasreddin's links to the Milan center made investigators curious about the network's other potential ties to terrorists. By the late ྖs, intelligence agencies on both sides of the Atlantic were probing Al Taqwa. When Swiss regulators began questioning its leaders, Al Taqwa unsuccessfully attempted to placate them by appointing Huber, a Swiss native, to its Swiss board of directors.
Investigators began to take a harder look at Al Taqwa after the embassy bombings. Sources say U.S. intelligence tracked telephone contacts between Al Taqwa and members of bin Laden's inner circle. Qaeda operatives would call Taqwa representatives in the Bahamas as they moved around the world. Still, the network's complex structure made it difficult to prove how money changed hands, and the investigation stalled. Under U.S. pressure, the Bahamian government revoked Al Taqwa's license last spring. Treasury officials say the network continued to do business anyway.
But after Bush's order to roll up bin Laden's money network, European investigators swept in on Al Taqwa, searching Huber's and Nada's homes and freezing their assets. (Nasreddin's money was not frozen.) The Swiss, ever protective of their renowned status as an anonymous banking haven, at first seemed reluctant to go after Al Taqwa. But after a private meeting with Attorney General John Ashcroft in Washington earlier this month, Switzerland's chief prosecutor, Valentin Rohrshacher, told Newsweek his government is now conducting a vigorous criminal investigation.
U.S. officials have been much more blunt about their suspicions. Testifying before Congress in February, Jaime Zarate, a senior Treasury official, said Al Taqwa's connections to terrorists go back at least five years. Zarate told lawmakers that the United States learned in 1997 that the Palestinian terrorist group Hamas had transferred $60 million into Al Taqwa accounts. Zarate also testified that intelligence agencies now have evidence that "as of late September 2001 " -- after the attacks -- "bin Laden and his Al Qaeda organization received financial assistance from [Al Taqwa's] chairman" though he gave no details about what that money might have been used for.
Nasreddin, Huber and Nada all deny laundering money and any involvement of any kind with terrorists -- and prosecutors don't have enough evidence to make a criminal case against them. At least not yet. Prosecutors say they are now piecing together thousands of pages of documents seized in raids on the bank and its leaders, searching for a paper trail between the bankers and bin Laden. Prosecutors concede that Al Taqwa may have been just one of Al Qaeda's many sources of clandestine funds. If so, closing its doors could be an important step in slowing bin Laden's river of cash to a trickle.
Sunday, June 24, 2007
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.
(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;
Wednesday, February 07, 2007
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.
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......"
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