A former Managing Director of the Nigerian Export-Import Bank (NEXIM), Robert Orya, has been handed a cumulative jail term of 490 years over a ₦2.4 billion fraud.
Orya was convicted on Thursday, January 5, by a Federal Capital Territory (FCT) High Court following charges filed against him by the Economic and Financial Crimes Commission (EFCC).
The former NEXIM chief, who headed the bank between 2011 and 2016, was prosecuted by EFCC counsel, Samuel Ugwuegbulam, on 49 counts bordering on fraud involving ₦2.4 billion.
In his judgment, Justice F. E. Messiri found Orya guilty on all counts and sentenced him to 10 years’ imprisonment on each of the 49 charges. The court, however, ordered that the sentences run concurrently.
Details later.
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