ABIMBOLA OSARUGUE OBASEKI-ADEJUMO, J.C.A. (Delivering the Leading Judgment): This is an appeal against the Ruling of the Investment and Securities Tribunal, holden at Lagos and delivered on the 8th of December, 2014 by the Honourable Chairman of the tribunal - DR. NGOZI CHIANAKWALAM in respect of the preliminary objection filed by the 1st, 2nd and 3rd Respondents. The Appellant been dissatisfied with the decision filed a Notice of Appeal on 9th February, 2015. Parties joined issues on their briefs.
The Appellant filed its brief on 18th March, 2015 wherein 3 issues were formulated for determination thus:
1. Whether the Investment and Securities Tribunal has jurisdiction to determine the issues placed before the tribunal.
2. Whether this case is an abuse of Court processes as contemplated in the Supreme Court case of TOMTEC (NIG) LTD v. FHS [2009] 18 NWLR (PT.1173) 358?
3. Whether the letter dated 26th August 2012 which was equally sent to the 2nd, 3rd and 4th Respondent is a valid pre-acti…