Aguinede is the third LG chair to be suspended in the past three months by the governor.
The State Commissioner for Local Government and Chieftaincy Affairs, Mr. Monday Osaigbovo, who confirmed the suspension of Aguinede said he was suspended for a period of two months to allow investigation into allegations made against him.
According to him, one of the allegations was made by an estate agent, who wrote a petitioned that he helped Aguinede to buy a house for N30 million but that Aguinede refused to pay his agency fees.
Osaigbovo also said Aguinede was alleged not to have been remitting the accurate sum of money collected as Internally Generated Revenue.