The Federal Capital Territory High Court, Abuja, has convicted and sentenced a former Managing Director of the Nigerian Export-Import Bank, Roberts Orya, to 10 years’ imprisonment for bank fraud involving N2.4bn. The prosecution counsel, Samuel Ugwuebulam, told the court that the former bank chief abused his position to fraudulently induce NEXIM Bank to release huge sums of money to companies under false pretences. The court further noted that the offences were serious breaches of trust, particularly given the strategic role of NEXIM Bank in Nigeria’s economic development. Orya served as the Managing Director of NEXIM Bank between 2009 and 2016. The conviction marks one of the most significant fraud cases involving a former chief executive of a federal financial institution in recent years.

Source: Punch February 06, 2026 09:57 UTC