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ONNOGHEN, JSC (DELIVERING THE LEADING JUDGMENT): This is an appeal against the judgment of the Court of Appeal, Lagos Division in appeal No. CA/L/222/2000 delivered on the 27th day of September, 2001 in which the court dismissed the appeal and cross-appeal for lack of merit. The respondents instituted an action in the Federal High Court, Lagos Division in suit No. FHC/L/CS/1089/99 against the appellants who were then the defendants by way of originating summons in which the plaintiffs sought the determination of the following questions:-
1. Whether the statutory office of the Governor of Lagos State is vested with/seized of constitutional legislative authority/vires to make subsidiary/delegated legislation which empowers the conduct of an inquiry into matters that pertain to the business- conduct of the sale of shares in a private limited liability company deemed to have been incorporated under the Companies and Allied Matters Act (Cap. 59), Laws of the Federation of Nigeria, 1990).
2…