EFCC:FORMAL SENATOR ARRAING for 419 million SCAM

EFCC

EFCC arraigns former Nigerian senator for N419 million scam

The ex-senator allegedly diverted funds invested in his textile company by Sokoto State government for job creation purposes.

ByPress Release

 

 March 1, 2021

 

2 min read

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former senator, Umaru Argungu, 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.