Categories: Local News

Court sentences former NEXIM bank MD to prison for corruption

News Update

A Federal Capital Territory (FCT) High Court sitting in Abuja has sentenced Robert Orya, the former Managing Director of the Nigerian Export-Import Bank (NEXIM), to a cumulative 490 years in prison.

The landmark judgment, delivered on Thursday, 5 February 2026, concludes a high-profile prosecution involving the misappropriation of ₦2.4 billion during Orya’s tenure between 2011 and 2016.

Justice F.E. Messiri found Orya guilty on all 49 counts brought forward by the Economic and Financial Crimes Commission (EFCC).

The charges bordered on criminal breach of trust, official corruption, impersonation, and the fraudulent diversion of public funds.

The court sentenced the convict to 10 years for each count, resulting in one of the most significant prison terms ever imposed on a former head of a government-owned financial institution in Nigeria.

VAM News

Recent Posts

Small Alhaji Media Team Calls Out ‘Desperate’ Attacks On Principal, Challenges Rasaq Obe Over Online Post

The Small Alhaji Media Team has observed with utter amusement the flood of reactions and…

14 hours ago

Osun Amotekun: Steadfast Leadership Beyond Propaganda: The Vision, Service, and Impact of High Chief Dr. Hon. Adekunle Isaac Omoyele

By Yusuf Idowu Abass In an era where public service is often overshadowed by criticism,…

15 hours ago

APC Reacts To Report On “Price of 2027 Election Nomination Forms”

News Update PRESS STATEMENT APC DISMISSES FAKE NEWS ON “PRICE OF 2027 ELECTION NOMINATION FORMS”…

20 hours ago

Nigerian Polytechnic lecturer dies while teaching

News Update Staff and students of Kogi State Polytechnic have been thrown into mourning after…

21 hours ago

Oyebamiji Congratulates APC National Chair Yilwatda, Scribe Basiru, Others, Says Outcome Of Convention Is Evidence of Quality Services

THE Gubernatorial Candidate of the All Progressives Congress, APC in the forthcoming governorship election in…

22 hours ago

APC: Yilwatda Emerges Nat’l Chairman, Basiru Secretary, Others Named

News Update The All Progressives Congress (APC) has re-elected Prof. Nentawe Yilwatda as its National…

1 day ago