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Ex-NEXIM Bank MD Sentenced To 490-Year Imprisonment Over ₦2.4 Billion Fraud.

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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.

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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.

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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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2027 Shake-Up: APC Dumps Gbenga Daniel, Backs Dapo Abiodun For Ogun East Senate Seat.

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Leaders of the All Progressives Congress (APC) in Ogun East Senatorial District have reportedly endorsed Governor Dapo Abiodun as their preferred candidate for the 2027 senatorial election.....KINDLY READ THE FULL STORY HERE▶

According to reports, the decision was taken on Monday during a large political gathering held at Adeola Odutola Hall in Ijebu-Ode, which attracted party stakeholders and grassroots representatives from across the district.

A statement from the governor’s media office indicated that the meeting was widely attended by key APC figures, including members of the Governor’s Advisory Council, former and serving local government chairmen, councillors from all wards, as well as current and former lawmakers at both state and national levels. Women leaders, youth groups, and other stakeholders were also present.

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Party leaders at the event expressed confidence in Abiodun’s capacity to represent Ogun East effectively at the National Assembly, describing his leadership record as a key factor in their decision.

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They also resolved to formally communicate the endorsement to the governor and begin mobilisation efforts ahead of the 2027 electoral cycle.

The Secretary to the State Government, Tokunbo Talabi, noted that the governor’s performance in office and his role in fostering unity within the party were central to the decision to support his senatorial ambition.

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Shocking Exchange: Presidency Blasts Peter Obi Over Alleged Party Control Battle.

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The Presidency has criticised former presidential candidate, Peter Obi, questioning his leadership ability and accusing him of failing to manage internal crises within the Labour Party (LP).....KINDLY READ THE FULL STORY HERE▶

According to reports, the Special Adviser to President Bola Tinubu on Media and Public Communication, Sunday Dare, made the remarks during an interview on African Independent Television (AIT) on Monday.

Dare argued that Obi did not found the Labour Party and does not have full control over its structure, adding that his handling of party disputes raises concerns about his leadership capacity.

He further alleged that Obi has shown a pattern of moving between political platforms rather than resolving internal challenges, insisting that he “cannot fix” his own party.

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Dare said the Labour Party’s internal crisis had been visible for years and questioned Obi’s level of involvement in resolving it, suggesting that he instead left the party amid the turmoil.

He stated that such leadership qualities should be scrutinised given national responsibilities, adding, “You cannot fix your party.”

The presidential aide also addressed claims linking the Presidency to the crisis within the African Democratic Congress (ADC), rejecting any involvement and insisting the party’s internal issues were not influenced by the federal government.

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He maintained that the ADC situation is already before the courts and should be resolved through judicial processes rather than public agitation or political pressure.

Dare urged all parties involved to respect ongoing legal proceedings, stressing that court decisions would ultimately determine the outcome of the disputes.

He added that the government remains committed to respecting the judiciary and warned against attempts to influence public opinion while cases are still being decided.

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Shocking Insight: Don Jazzy Reveals Key Reason Marriages Don’t Last Today.

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Nigerian music executive Don Jazzy has sparked reactions online after sharing a lighthearted explanation about why many modern marriages seem to break down faster than those of previous generations.....KINDLY READ THE FULL STORY HERE▶

In a video that quickly went viral on social media, the Mavin Records boss used wedding cakes as a humorous analogy to compare past and present relationships.

He noted that in earlier times, couples often used fruit cakes made with alcohol for weddings. According to him, such cakes were durable and could last for long periods—sometimes up to a year—allowing couples to preserve and even share portions during their first wedding anniversary.

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He jokingly suggested that this long-lasting nature of traditional cakes symbolically reflected the stability of marriages in the past.

Don Jazzy contrasted this with today’s trend, where many couples opt for butter or ice-cream cakes that require careful storage and spoil more easily.

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He humorously implied that the shorter lifespan of these modern cakes mirrors the perceived fragility of some contemporary marriages.

He also pointed out that many modern wedding cakes are often heavily decorated with non-edible materials, with only a small portion actually meant for consumption.

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