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Ex-NEXIM Bank Boss Slammed With Sh*cking 490-Year Jail Term Over ₦2.4bn Fraud
A High Court of the Federal Capital Territory in Abuja has sentenced Robert Orya, a former Managing Director of the Nigerian Export-Import Bank (NEXIM), to a cumulative 490 years in prison over a ₦2.4 billion fraud case.....KINDLY READ THE FULL STORY HERE▶
The verdict was delivered on Thursday, February 5, 2026, by Justice F. E. Messiri after a prolonged trial instituted by the Economic and Financial Crimes Commission (EFCC).
Orya was convicted on all 49 counts filed against him, which bordered on fraud, corruption, and abuse of office during his tenure as NEXIM’s chief executive.
The court imposed a 10-year prison term on each count, resulting in a total sentence of 490 years.
The offences were linked to financial transactions carried out between 2011 and 2016, when Orya served as managing director of the bank.
The EFCC accused him of exploiting his position to divert public funds, unlawfully obtaining substantial sums from NEXIM and engaging in multiple acts of financial misconduct.
Orya was first arraigned before the FCT High Court on November 25, 2021.
According to SaharaReporters, the charges included criminal breach of trust, impersonation, misappropriation, official corruption, fraud, and abuse of office.
Prosecutors told the court that part of the case involved the alleged diversion of over ₦1.3 billion from NEXIM through illegal transactions executed under Orya’s leadership.
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