The suspect represented Kebbi North in the 6th Senate.
He was charged with one count charge of criminal misappropriation of public funds to the tune of N419, 744,612.
Argungu allegedly diverted funds paid by the Sokoto State Government between 2016 and 2017.
Sokoto entered into an agreement with the defendant to buy a 40 percent stake in his company Hijrah Investment Nigeria Limited for job creation.
EFCC investigations revealed several withdrawals and transfers from the said account to individuals not remotely connected to the objectives of turning around the company.
The company was in a state of abandonment and dilapidation when operatives visited.
Argungu’s offence was contrary to Section 311 of the Penal Code Law CAP 89, Laws of Northern Nigeria and punishable under Section 312.
EFCC arraigns former Nigerian senator for N419 million scam
today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
EFCC arraigns former Nigerian senator for N419 million scam
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.