Court Jails Orya, Ex-NEXIM Bank MD, 490 Years for N2.4b Bank Fraud

Justice F.E. Messiri of the Federal Capital Territory, FCT, High Court, Abuja on Thursday convicted and sentenced a former Managing Director, Nigerian Export Import Bank, NEXIM to 490 years imprisonment for bank fraud.

According to the EFCC in a statement on Thursday, the convict was arraigned in 2021 by the Economic and Financial Crimes Commission, EFCC on a 49-count charge, bordering on obtaining money by false pretences, forgery and advance fee fraud to the tune of N2.4 billion.

Count one of the charges read: “That you Mr. Roberts Orya while being the Managing Director of Nigerian Export- Import Bank(NEXIM BANK) on or about the 21st day of September 2011 in Abuja within the jurisdiction of this honourable court, with intent to defraud induced Nigerian Export-lmport Bank to pay to Treasuremix Contruction Limited the sum of Four Hundred and Eighty Eight Million Naira (N488,000,000) as loan under the pretence that the Directors of Luxurium Leisure Services Limited applied for and are the beneficiaries of the said loan which pretence you knew was false and thereby committed an offence contrary to section 1(1)(b) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.”

Count two reads: “That you Mr Roberts Orya while being the Managing Director of Nigerian Export- Import Bank (NEXIM BANK) on or about the 19th February 2013 in Abuja within the jurisdiction of this honourable court, with intent to defraud induced Nigerian Export-Import Bank to pay to Treasuremix Construction Limited the sum of Six Hundred and Thirty Million Naira (N630,000,000) as loan under the pretence that the Directors of Luxurium Leisure Services Limited applied for and are the beneficiaries of the said loan, which pretence you knew was false and thereby committed an offence contrary to Section 1(1) (b) of Advance Fee Fraud and Other Fraud Related And Other Related Offences Act 2006 and punishable under Section 1(3) of the same Act.”

He pleaded “not guilty” to the charges, thus setting the stage for his trial. Prosecution counsel, Samuel Ugwuebulam in the course of the trial called seven witnesses whose testimonies strongly established the defendant’s guilt.

Justice Messiri in his judgment held that the prosecution proved its case beyond every reasonable doubt and found the defendant guilty as charged on all the 49 counts and sentenced him to 10 years imprisonment on each, totaling 490 years. The sentences, however, are to run concurrently.

The convict served as the managing director of NEXIM Bank between 2009 and 2016. He was appointed to the position on August 14, 2009 by the late President Umaru Yar’Adua and reappointed by former President Goodluck Jonathan on August 18, 2014.