A Federal Capital Territory High Court has sentenced Robert Orya, former Managing Director of the Nigerian Export-Import Bank (NEXIM), to 490 years imprisonment following his conviction on fraud charges involving approximately N2.4 billion.

Justice F.E. Messiri delivered the verdict on Wednesday, February 5, 2026, sentencing Orya to ten years on each of the 49 counts brought against him by the Economic and Financial Crimes Commission (EFCC).

Orya, who headed NEXIM Bank between 2011 and 2016, was prosecuted by the EFCC. The anti-graft agency successfully proved the charges against the former bank chief, marking another significant conviction in its ongoing efforts to combat financial crimes in Nigeria’s banking sector.

NEXIM Bank, established to provide financing and risk-bearing facilities for export transactions, plays a crucial role in Nigeria’s trade finance architecture.

This conviction adds to the growing list of high-profile prosecutions by the EFCC as the commission intensifies its crackdown on corruption within Nigeria’s financial institutions.