NASCO appeals judgment, warns against transactions pending appeal

By Innocent Anaba

NASCO Town Limited has appealed the judgment of the Lagos State High Court voiding the Federal Government’s acquisition of about 292 hectares of land and has warned members of the public against engaging in any transaction involving the disputed property until the appeal is determined.

The company, in a public notice, said the judgment delivered in Suit No. ID/5709LM/2025 was not final, having exercised its constitutional right of appeal. It added that the matter is now before the Court of Appeal.

The clarification followed media reports of the High Court’s decision, which declared the Federal Government’s acquisition of the land invalid and awarded damages in favour of the claimants.

NASCO urged residents, tenants, businesses, Free Trade Zone operators, investors, financial institutions and other stakeholders within NASCO Town to remain calm, assuring them that it would take all lawful steps to protect existing developments and preserve the subject matter of the appeal pending its determination.