Breaking…Ex-NEXIM Bank MD Robert Orya sentenced to 490 years in prison over ₦2.4bn fraud

A Federal Capital Territory (FCT) High Court has sentenced Robert Orya, former Managing Director of the Nigerian Export-Import Bank (NEXIM), to a cumulative jail term of 490 years over a massive ₦2.4 billion fraud.

Orya was convicted on Thursday, January 5, following a lengthy trial that stemmed from charges filed by the Economic and Financial Crimes Commission (EFCC).

According to the anti-graft agency, the former bank chief was found guilty of multiple counts bordering on fraud, financial mismanagement, and abuse of office during his time at the helm of the government-owned financial institution.

The former NEXIM chief, who headed the bank between 2011 and 2016, was prosecuted by EFCC counsel, Samuel Ugwuegbulam, on 49 counts bordering on fraud involving ₦2.4 billion.

In his judgment, Justice F. E. Messiri found Orya guilty on all counts and sentenced him to 10 years’ imprisonment on each of the 49 charges. The court, however, ordered that the sentences run concurrently.

More details to follow…