Only a day earlier, an acting Director-General of the commission, Abdul Zubair, had been appointed to hold the fort in the absence of a substantive head.
The lawmaker, while moving the motion, said "the conflict has allegedly lingered for several months between the ministry of Finance and SEC, but the matter of Oando disagreement has brought it into public domain".
The letter of notice sent to Oando indicates that the audit will begin today, the 6th of December.
The legislators also asked the parties in the matter between SEC and the Minister of Finance to maintain status quo, pending the outcome of the investigation.
The Letter, titled "Re: Forensic Audit into the Affairs of Oando Plc", itemised the commission's position. "Nothing less than a total inquiry into what happened in SEC is what is required and not only why the DG was suspended".
Meanwhile, SEC said on Tuesday that it would go ahead with the forensic audit of Oando Plc.
A letter obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja showed that SEC had written to the Group Chief Executive Officer of Oando, Mr Adewale Tinubu, notifying him of its decision to conduct a forensic exercise into the activities of Oando Plc.
SEC had explained that it carried out a comprehensive review of the petitions from Mangal and Ansbury and found a breach of the provisions of the Investments & Securities Act (ISA) 2007; breach of the SEC Code of Corporate Governance for Public Companies; suspected insider dealing; suspected related party transactions not conducted at arm's length; and discrepancies in the shareholding structure of Oando Plc, among others.
A Federal High Court sitting in Lagos, penultimate week, struck out a case filed by Oando Plc seeking to stop SEC from conducting the forensic audit and also lift a technical suspension placed on its shares.
Crises erupted in Oando Plc recently when aggrieved shareholders of the company, apparently anxious about its future in view of some unresolved corporate governance issues relating to the group's financials, stormed the venue of the firm's yearly general meeting in Uyo, Akwa Ibom State.
In specific terms, the Commission while ensuring market efficiency, accountability and transparency, will proceed with all regulatory matters now before it with all sense of objectivity and fairness, with the best interest of investors at the core of all considerations. We shareholders expect the forensic exercise to continue despite the suspension of Gwarzo.
The suspension of Mr. Gwarzo raised suspicion among stakeholders about the plan to audit Oando.
Arsenal had over thirty attempts in the match and De Gea was more than up to the task and delivered a record-tying appearance. De Gea also had to react quickly to prevent Romelu Lukaku from scoring an own goal, something that has not been forgotten.
Any funding legislation in the Senate will require 60 votes and therefore bipartisan support since Republicans only hold 52 seats. Schumer said negotiators are continuing to talk, but said Trump's rhetoric is throwing a "monkey wrench" into the process.
A Santa Clarita Studios employee told Deadline this morning that the facility's internet was down, apparently because of the fire. Los Angeles County is now facing two major fires as of Tuesday: the 11,000-acre Creek Fire and the 1,000-acre Rye Fire.
Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Jackson Grant Investment Advisers Inc. increased its position in shares of UnitedHealth Group by 0.4% during the 2nd quarter.
Reconnaissance planes, fighter jets, an early warning and control aircraft, were included in the exercise, according to Beijing. The joint drills, called Vigilant Ace, kicked off Monday and will run through Friday. (U.S.
The update will also introduce emojis for people with ginger hair as well as cupcake , bagel , kangaroo and softball icons. It's important to note the list of candidates is not a final list and is subject to change before approval.
According to officials, both men were plotting a bomb assault on the security gates protecting the entrance of Downing Street. He also said that the security services have foiled nine terrorist attacks on the United Kingdom in the past one year.
The stock has a market capitalization of $230,000.00, a price-to-earnings ratio of 33.48, a PEG ratio of 3.89 and a beta of 1.21. On average, equities research analysts forecast that Chevron Co. will post $4.38 earnings per share for the current fiscal year.
Prince Charles had brothers Andrew and Edward serve as supporters when he married the late Princess Diana in 1981. The fictional Queen Elizabeth II said, "She's an actress, so there's hope for us all", during the same panel.
Labor MPs were 'hiding in plain sight'
Leader of the House Christopher Pyne said it showed Labor knew four of its members should be referred to the court. Under section 44 of the constitution, dual citizens are ineligible to sit in parliament.
Dozens injured in a train collision in Meerbusch, Germany
While a rescue operation was launched immediately, authorities have said the injuries people suffered were not life-threatening. Local media reported on Tuesday the accident happened near the train station in the town of Meerbusch, near Dusseldorf.
Spanking kids can make them violent, study says
Of those, 19 percent reported committing dating violence, and 95 percent of those had received corporal punishment as a child. As a result, they concluded, spanking could increase the chances that a child will turn violent when they become older.
Fabian Delph: 'Patience key in beating West ham United'
We had one day where we could prepare. "It was really good, really nice to be back in front of the City fans", he said. In total, City have notched 43 goals during the course of their 13-game reign - averaging over three goals per game.
Tunisia's Jaidi Advises African Teams In World Cup
Sweden, who ensured Italy would miss the finals for the first time since 1958, and South Korea join Germany and Mexico in Group F. Neymar's Brazil meanwhile will have to negotiate a group which has Switzerland, Costa Rica and Serbia as they seek a sixth title.
A must buy stock list of the day: Merck & Co., Inc. (MRK)
First Mercantile Trust Co decreased Merck Co. ( MRK ) by 22.94% based on its latest 2017Q2 regulatory filing with the SEC. With 70,800 avg volume, 4 days are for Systemax Incorporated (NYSE:SYX)'s short sellers to cover SYX's short positions.