HABEEB ADEWALE OLUMUYIWA ABIRU. JSC (Delivering the Leading Judgement): This appeal is against the judgment of the Court of Appeal, Lagos Judicial Division, delivered on the 9th of December, 2016 in Appeal No CA/L/606/2011. The Appellants commenced the action leading up to this appeal in the Federal High Court, Lagos Division by a Petition against Respondents and their claims were for:
i. A declaration that given the provisions of Section 36 of the Constitution of the Federal Republic of Nigeria, 1999 (hereinafter referred to as "the 1999 Constitution), the Governor of the Central Bank of Nigeria or any other body or authority inclusive of the Central Bank of Nigeria cannot validly direct that the 2nd Appellant 'cease forthwith to serve as Director of the Bank' without giving the Appellants a hearing thereon.
ii. A declaration that to the extent that the said letter dated 28th March 2011 under the hand of the Bank's Company Secretary to the 2nd Appellant herein conveying a purported d…