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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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2027 Shake-Up: APC Dumps Gbenga Daniel, Backs Dapo Abiodun For Ogun East Senate Seat.
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▶
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Shocking Exchange: Presidency Blasts Peter Obi Over Alleged Party Control Battle.
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▶
entertainment
Shocking Insight: Don Jazzy Reveals Key Reason Marriages Don’t Last Today.
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▶
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