NASCO Town Appeals to Court of Appeal Over Lagos Land Dispute, Urges Public to Halt Transactions
NASCO Town Limited has appealed a Lagos State High Court judgment that voided the Federal Government’s acquisition of 292 hectares in Onigbanko. The company says the case is now before the Court of Appeal and warns against any deals on the land until the appeal concludes. The public notice cautions tenants, investors, estate agents, banks and other stakeholders against purchasing, leasing or developing any portion of the disputed property at their own risk. NASCO defends its title with Federal Government acquisition and lease documents dating back to the 1970s. Highlighting the site’s developments—from residential estates to Free Trade Zone operations—NASCO warns that speculative transactions could undermine investor confidence and disrupt ongoing operations. It advises verifying official records and seeking independent legal advice before acting on any competing claims.
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