The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former senator, Umaru Argungu before Justice Mohammed Mohammed of the Sokoto State High Court on charges of criminal misappropriation of public funds to the tune of N419million.
Mr Argungu, who represented Kebbi North in the 6th Senate, was arraigned before the Sokoto State High Court in Sokoto.
The anti-corruption agency accused Mr Argungu of diverting the total N419, 744, 612. 30 invested in his company by Sokoto State Government to create jobs and boost the economy of the state.
The money was said to have been paid by the Sokoto State Government as 40 percent equity stake in the former senator’s firm Hijrah Investment Nigeria Limited, owners of Hijrah Textile Ltd.
The defendant, however pleaded not guilty to the one-count charge.