The House resolution followed a motion of urgent public importance sponsored by Honourable Diri Douye.
The Securities and Exchange Commission (SEC) has said that it will go ahead to with its plan to conduct forensic exercise into the activities of Oando Plc.
The House said it appeared there was conflict between Gwarzo and Adeosun over Oando's forensic audit and corruption allegations, which should not be swept under the carpet.
In a unanimous vote, the House directed that status quo be maintained until the outcome of the investigation to be carried out by the House of Representatives Committee on Capital Market & Institutions within two weeks.
The statement from the Commission came on the heels of corruption allegation against three suspended staff, which are the former Director-General, Mounir Gwarzo, over N104 million severance package.
The Nigerian Senate has thrown its full weight behind the forensic audit of Oando Plc, a leading oil firm in the country.
"Not doing this will have a negative impact on the market as well as the regulator, which is SEC and we do not need such now".
While the Finance ministry had claimed that Gwarzo was suspended for financial impropriety, but there had been claims that he was actually suspended for his refusal to call off the forensic audit of the oil marketing firm.
Le nouveau DG aux commandes après des résultats en recul — Elior Group
Le nouveau directeur général, "présentera au marché avant l'été ses objectifs financiers à moyen terme", a-t-il ajouté. Pour l'exercice 2017/18, Elior s'est dit "confiant" et table sur une croissance organique "d'au moins 3%".
The letter, titled: "Re: Forensic Audit into the Affairs of Oando Plc", itemised the commission's position.
"While we acknowledge that a Notice of Appeal has been filed to challenge the judgment of the Federal High Court, this notice does not serve as an Order of Court restraining the Commission from conducting the exercise".
"Accordingly, the Commission is poised to continue to ensuring the stability of the Nigerian capital market and sustaining the all-time high level of investor confidence, as recent developments will not be allowed to disrupt the regulatory effectiveness and efficiency of the Commission as the statutory regulator of the capital market and by extension, the smooth running of the market".
However, it lost this bid at the court because the presiding judge, Justice Mohammed Aikawa, threw out the case for lack of jurisdiction, advising Oando to take the matter to an Investment and Securities Tribunal (IST), which has the powers to hear disputes arising from the capital market.
This commitment is contained in a letter dated December 5, 2017 from SEC Nigeria, addressed to the Oando Plc office.
The petitioners are Dahiru Mangal and an Italian businessman, Gabriel Volpi.
The deal was said to have cost Oando $1.5bn.
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