Facts:

The appellant instituted an action against the respondent by way of Originating Summons in the Federal High Court Abuja and raised the following questions:

(A) Whether power to register and de-register Insurance brokers is still vested in the Plaintiff by the provisions of the National Insurance Commission NAICOM Decree 1997.

(B) Whether the claim by the defendant that it has exclusive power by virtue of Section 5 of the Nigeria Council of Registered Insurance Brokers (NCRIB) Act 2003 to register and de-register Insurance Brokers is consistent with the provision of the National Insurance Commission Decree No.1 of 1997 and Insurance Act 2003.