OGUNTADE, JCA (Delivering the Lead Judgment): In suit No. FHC/L/CS/1089/99 at the Federal High Court, Lagos, the respondents were the plaintiffs and appellants, the defendants. The plaintiffs by their originating summons issued on 17/9/99 sought the determination of the following questions:
1. Whether the statutory-office of the Governor of Lagos State is vested with/seised 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. Whether the legislative appointment, constitution and empanelling of a Standing Tribunal of inquiry into the Sale and Acquisition of Shares in Eko Hotel in 1995 lately made by subsidiary/delegated legislation under the hand of the Governor of Lagos S…