The Federal High Court in Abuja has sentenced a former Managing Director of the Nigeria Export-Import Bank (NEXIM), Robert Orya, to a total of 490 years in prison over a ₦2.4 billion fraud case.

The Economic and Financial Crimes Commission (EFCC) confirmed the judgment in a statement shared on its official X handle on Thursday. According to the commission, Justice F.E. Messiri sentenced Orya to 10 years’ imprisonment on each of the 49 counts filed against him. Orya served as NEXIM’s Managing Director from 2011 to 2016.

EFCC prosecution counsel, Samuel Ugwuegbulam, proved the case against Orya, leading to his conviction on all 49 counts.

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.”

Meanwhile, TVC News had earlier reported that Justice Dehinde Dipeolu of the Federal High Court in Ikoyi, Lagos, ordered the forfeiture of $20,000 and CFA 110,000 to the Federal Government of Nigeria.

The forfeiture was disclosed in a separate statement issued by the EFCC on its official X handle on Wednesday.

According to the statement, the funds were intercepted by operatives of the Nigerian Customs Service at the Seme Border in Badagry Local Government Area of Lagos State and later handed over to the EFCC for investigation. (TRIBUNE)