JUST-IN: COURT JAILS FORMER NEXIM BANK MD, ROBERT ORYA, OVER ₦2.4BN FRAUD

The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Robert Orya, a former Managing Director of the Nigerian Export-Import Bank (NEXIM), over a ₦2.4 billion fraud case.

Orya, who served as NEXIM’s Managing Director between 2011 and 2016, was found guilty on Thursday by Justice F.E. of the Federal Capital Territory (FCT) High Court sitting in Abuja.

He was prosecuted by EFCC counsel, Samuel Ugwuegbulam, on a 49-count charge bordering on fraud and abuse of office.Upon conviction, the court sentenced Orya to 10 years’ imprisonment on each of the 49 counts.

More details are expected to emerge as the EFCC releases further information on the judgment.