Appeal Court upholds 10 years imprisonment for Ex-NEXIM Bank MD Orya
The appellate court said prosecutors proved Orya diverted N2.4 billion through fraudulent loan awards and upheld convictions on 49 counts.
- On Tuesday, the Court of Appeal in Abuja dismissed an appeal filed by former Nigeria Export-Import Bank Managing Director Roberts Orya, upholding his conviction and 10-year prison sentence.
- The Economic and Financial Crimes Commission arraigned Orya in 2021 on 49 counts, alleging he diverted N2.4 billion from the bank through fraudulent loan awards, leading to his February conviction.
- A three-member panel led by Judge Muhammed Danjuma unanimously affirmed the lower court's decision, resolving four fundamental issues against the appellant after reviewing fraudulent loan awards to companies like Luxurium Leisure Services Limited.
- Dismissing the appeal as "devoid of any merit," the court confirmed the 10-year prison terms on each count, which will run concurrently, finalizing the verdict from the High Court of the Federal Capital Territory.
- Appointed by then-President Umaru Yar'Adua in 2009, Orya served as the bank's managing director for seven years, with his tenure renewed by President Goodluck Jonathan in 2014 before his 2016 departure.
25 Articles
25 Articles
Appeal Court upholds 490-year jail term for ex-NEXIM bank MD Orya
ABUJA — The Court of Appeal, Abuja, has affirmed the conviction and 490-year prison sentence imposed on former Managing Director of the Nigeria Export-Import Bank (NEXIM Bank), Robert Orya, over a N2.4 billion fraud case. A three-member panel of the appellate court, led by Justice Muhammed Danjuma, with Justices Ntong Festus Ntong and Ele Ejo […]
Appeal court upholds 490-year jail term for Ex-NEXIM MD Orya over N2.4bn fraud
The Court of Appeal in Abuja, the nation’s capital, has affirmed the conviction and sentence of Robert Orya, a former managing director of the Nigerian Export-Import Bank (NEXIM). In a unanimous decision delivered on Tuesday, the appellate court dismissed the appeal filed by Orya against the judgement of the Federal Capital Territory (FCT) high court. The panel comprised Muhammed Danjuma, the presiding judge; Ntong Festus Ntong; and Ele Ejo …
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