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Feb 26th, 2007
Feb 26th, 2007
Agagu Indicted by Nigerian Airways Judicial Panel
- Gov. Olusegun Agagu indicted by Nigerian Airways Limited judicial panel (White Papers); to refund. $3.2 million
- Name excluded from EFCC list.
By Saharareporters, New York
Chief Olusegun Agagu, who is currently the governor of Ondo State, was indicted by a judicial panel of inquiry headed by Justice Obiora Nwazota for fraud and embezzlement totaling 3.5 million dollars.
According to recommendation 32 and 33 of the White Paper adopted by President Obasanjo from the panel, Chief Olusegun Agagu was required to “refund the sum of $3.5 to the national treasury being sums he stole from the defunct Nigeria Airways Limited (NAL) being part settlement of the botched lease purchase agreement”. In all, persons indicted by the Justice Nwazota’s panel were required to refund $66.3 million being sums of monies traceable to their individual accounts.