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Ex-NEXIM Bank MD Sentenced To 490-Year Imprisonment Over ₦2.4 Billion Fraud.
A Federal Capital Territory High Court in Abuja has sentenced former Managing Director of the Nigerian Export-Import Bank (NEXIM), Robert Orya, to a cumulative 490 years’ imprisonment 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, following 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 and abuse of office during his tenure as head of the bank. The court imposed a 10-year jail term on each count, amounting to a total of 490 years.
The offences were linked to financial transactions carried out while Orya served as NEXIM’s managing director between 2011 and 2016.
The EFCC had accused the former bank chief of exploiting his position to divert public funds. Investigators alleged that he illegally obtained large sums of money from the bank and engaged in multiple acts of corruption and financial misconduct.
Orya was first arraigned before the FCT High Court on November 25, 2021. The charges included criminal breach of trust, impersonation, misappropriation of funds, 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 Bank through several unlawful transactions executed under Orya’s leadership.
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Tension In UK As Nigerians Push For INEC Chairman’s Removal Ahead Of 2027.
A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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“My Nightclubs Are The Least Of What I Do” — Sir Uyi Fires Back At Critics.
Sir Uyi has responded strongly to critics of his involvement in nightclub businesses, insisting that such ventures represent only a small part of his wider activities.....KINDLY READ THE FULL STORY HERE▶
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Shock In Benue As Police Nab Seven Over Abduction Of JAMB Candidates.
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