Connect with us


EFCC arraigns ex-NEXIM Bank MD, Orya, for alleged N1.4bn fraud



The Economic and Financial Crimes Commission (EFCC) on Friday arraigned a former Managing Director of the Nigerian Export-Import Bank (NEXIM), Roberts Orya, for alleged N1.4 billion fraud.

The EFCC’s Head of Media and Publicity, Wilson Uwujaren, who disclosed this in a statement, said Orya was arraigned on a 49-count charge of impersonation, misappropriation, and abuse of office at Federal Capital Territory High Court, Apo, Abuja.

The commission alleged that the defendant abused his position to obtain loans totalling N1.4 billion from NEXIM Bank.

Orya, according to the commission, incorporated a company, Luxurium Leisure Service Limited, and used the names of non-existent persons to grant loans to the company.

The defendant pleaded not guilty to the charges.

READ ALSO: EFCC arraigns varsity bursar for alleged N6m fraud

Following his plea, the EFCC’s counsel, S.A Ugwuegbulam, asked the court to pick a date for the commencement of trial.

He opposed the motion for bail for the defendant’s bail, saying the defence only served him with the application in court.

The prosecution counsel insisted that the defendant had jumped the administrative bail offered him by the commission.

Justice F.E Messiri rejected the oral bail application and adjourned till November 29 for consideration of a formal bail application.

The judge ordered that the ex-NEXIM Bank MD be remanded in the EFCC custody.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now