A High Court of the Federal Capital Territory (FCT) in Abuja has convicted Robert Orya, former Managing Director of the Nigerian Export-Import Bank (NEXIM), on 49 count charge and sentenced him to ten years in prison on each count for fraud involving approximately N2.4 billion.
The ten years sentences are to run concurrently, which means that the convict will spend ten years behind bar.
The Economic and Financial Crimes Commission (EFCC) secured the conviction after prosecuting Orya on 49 counts, including criminal breach of trust, fraud, misappropriation, impersonation, official corruption, and abuse of office.
Justice Frances Messiri delivered the judgment, sentencing him to 10 years imprisonment on each of the 49 counts, with the terms running concurrently.
The case stemmed from allegations that Orya, tenure as NEXIM boss from 2011 to 2016, where he abused his position and fraudulently divert funds, including through entities like Luxurium Leisure Services Limited (incorporated using fictitious names) and inducing loans such as N488 million to Treasure Mix Construction Limited under false pretenses. The EFCC had arraigned him in November 2021.