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Ex-NEXIM Boss Bags 490 Years in Prison Over ₦2.4bn Fra¥d

A Federal High Court in Abuja has sentenced former Managing Director of the Nigeria Export-Import Bank (NEXIM), Robert Orya, to a combined 490 years’ imprisonment after finding him guilty in a ₦2.4 billion fra¥d case.

The Economic and Financial Crimes Commission (EFCC) confirmed the verdict in a statement shared on its official X handle on Thursday. According to the agency, Justice F.E. Messiri convicted Orya, who headed NEXIM between 2011 and 2016, on all 49 counts filed against him.

The court sentenced him to 10 years’ imprisonment on each count, bringing the total jail term to 490 years. EFCC prosecution counsel, Samuel Ugwuegbulam, successfully proved the charges, leading to Orya’s conviction.

The commission stated, “The EFCC, today, February 5, 2026, secured the conviction of Robert Orya, a former Managing Director, Nigerian Import Export Bank, NEXIM (2011-2016), for a fra¥d of about N2.4 billion.

Orya, who was prosecuted by EFCC’s Samuel Ugwuegbulam, was convicted by Justice F.E. Messiri of the FCT High Court, Abuja and sentenced to ten years imprisonment on each of the 49 count charges.”

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