Former NEXIM MD, Orya, Sentenced To 490 Years Imprisonment For Fraud

Former NEXIM MD, Orya, has been sentenced to 490 years’ imprisonment for fraud.

NewsRain Nigeria reports that the Federal High Court in Abuja has sentenced the former Managing Director of the Nigeria Export-Import Bank (NEXIM), Robert Orya, to 490 years’ imprisonment following his conviction in a ₦2.4 billion fraud case.

In a statement shared via its official X handle on Thursday, the Economic and Financial Crimes Commission (EFCC) confirmed that Justice F.E. Messiri of the Abuja High Court has sentenced former NEXIM MD Robert Orya, who served from 2011 to 2016, to 10 years’ imprisonment for each of the 49 counts brought against him in a ₦2.4 billion fraud case.

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.

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EFCC Prosecution Counsel Samuel Ugwuegbulam successfully proved the case against Orya, leading to his conviction on all 49 counts brought before the court.

The statement reads, “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 fraud 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.”

He was also accused of inducing loans, including N488 million to Treasure Mix Construction Limited, under false pretenses.

Orya was arraigned by the anti-graft agency in November 2021 on the 49-count charge bordering on fraud.

EFCC alleged that he used his position to obtain over N1.4 billion from the bank and incorporated a company using the names of non-existent individuals and others without their consent to secure loans, which remained unpaid for years.

Orya pleaded not guilty to the charges.