BOLOUKUROMO MOSES UGO, J.C.A. (Delivering the Leading Judgment): This appeal is from the ruling of Yunusa J. of the Federal High Court, sitting at Lagos, delivered on the 13th May 2014. The ruling was in respect of several applications filed by the defendants in Suit No. FHC/L/CS/1171 challenging the jurisdiction of the Federal High Court to entertain the suit of 1st respondent (Brittania-U Nigeria Limited) because, according to the objectors: (1) the Federal High Court lacked subject matter jurisdiction to entertain it, and (2) that the suit disclosed no reasonable cause of action. Other defendants also raised additional grounds for wanting the suit struck out.
THE BACKGROUND
The case of the 1st respondent in the lower Court is that, sometime in 2013 she participated in a bid undertaken by 1st appellant for the sale of its interests in three Oil Mining Leases (OMLs) 52, 53 and 55 (referred to herein as the Assets). She averred that, following the bid round and meetings held between her…