Roberts Orya, a former Managing Director of the Nigerian Export-Import Financial institution (NEXIM), has been convicted and sentenced to a cumulative 490 years’ imprisonment for his function in a N2.4 billion financial institution fraud.
F. E. Messiri, Justice of the Federal Capital Territory (FCT) Excessive Courtroom, Abuja, delivered the judgment on Thursday, February 5, 2026, after discovering Orya responsible on all 49 counts introduced in opposition to him by the Financial and Monetary Crimes Fee (EFCC).
Orya was first arraigned in 2021 by the EFCC on expenses bordering on acquiring cash by false pretences, forgery and advance payment fraud, offences mentioned to have been dedicated throughout his tenure as Managing Director of NEXIM Financial institution.
In response to the prosecution, the offences concerned the fraudulent disbursement of loans amounting to N2.4 billion by false representations and cast documentation.
One of many counts revealed that on or about September 21, 2011, whereas serving as Managing Director, Orya allegedly induced NEXIM Financial institution to launch a mortgage of N488 million to Treasuremix Building Restricted.
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The funds had been purportedly granted on the false declare that the administrators of Luxurium Leisure Providers Restricted had utilized for and had been the beneficiaries of the mortgage, a illustration the court docket discovered to be unfaithful.
One other depend confirmed that on or about February 19, 2013, Orya once more induced the financial institution to disburse N630 million to the identical firm beneath comparable false pretences, claiming that Luxurium Leisure Providers Restricted was the mortgage applicant and beneficiary.
Regardless of pleading not responsible to all the fees, the previous financial institution chief was unable to discredit the case introduced by the prosecution.
The EFCC, by its counsel, Samuel Ugwuebulam, known as seven witnesses throughout the trial.
In response to an announcement by Dele Oyewale, EFCC’s Spokesman, their testimonies and documentary proof, the court docket held, clearly established the guilt of the defendant.
In his judgment, Messiri dominated that the prosecution had proved its case past cheap doubt.
He consequently convicted Orya on all 49 counts and sentenced him to 10 years’ imprisonment on every depend, amounting to a complete of 490 years.
The court docket, nevertheless, ordered that the sentences run concurrently.
Orya served as Managing Director of NEXIM Financial institution between 2009 and 2016.
He was appointed on August 14, 2009, by the late President Umaru Musa Yar’Adua and was reappointed on August 18, 2014, by Goodluck Jonathan, a former President.
