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Former Bank MD Sentenced To 490 Years Over N2.4bn Fraud
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A former Managing Director of the Nigerian Export-Import Bank (NEXIM), Robert Orya, has been sentenced to a combined 490 years in prison after a court found him guilty of large-scale fraud involving about N2.4 billion.
The conviction was secured by the Economic and Financial Crimes Commission (EFCC) at the FCT High Court in Abuja. Prosecutors told the court that the former NEXIM boss committed financial offences while leading the government-owned export bank.
Justice F.E. Messiri delivered the judgment after reviewing the charges against him. Orya was found guilty on 49 separate counts. The court then sentenced him to 10 years imprisonment for each count.
Although the sentences run across multiple charges, the total adds up to 490 years.
The ruling has triggered strong reactions, with many Nigerians discussing the case widely on social media because of the unusually long jail term.
Before his legal troubles, Orya was a key figure in the banking and finance sector. He led NEXIM’s executive management team after taking office in August 2009. He also served as an honorary president of the Global Network of Export-Import Banks and Development Finance Institutions.
His conviction now marks a major development in the ongoing fight against financial crimes in public institutions.
The Chairman of the Senate Committee on Inter-Parliamentary Affairs, Senator Aliyu Wadada has promised to revive the committee’s activities after acknowledging concerns over its prolonged inactivity.
Wadada spoke on Thursday at the end of the committee’s meeting in Abuja.
Specifically, the chairman admitted that the committee had been underutilised, noting that it had met only once in the last three years.
He, however, said issues responsible for the situation had been identified during a closed-door session and would be addressed.
“Of course I feel concerned about it, but when we got into the details in a closed-door meeting, we got to know where the problems are, and they will all be taken care of. The committee will be as active as it should always be,” he said.
Commenting further, the chairman said the committee would focus on its core mandate of promoting and strengthening legislative relations between Nigeria’s National Assembly and parliamentary bodies across the world.
According to him, the committee will deepen engagement with regional and international legislative institutions, including the ECOWAS Parliament, the Pan-African Parliament, the Inter-Parliamentary Union (IPU), and other parliamentary organisations.
He disclosed that a new work plan had already been developed to guide the committee’s activities.
He added: “The direction is basically around the responsibilities of the committee, which is to promote and deepen legislative relationship within Nigeria and with other legislative bodies around the world”.
The chairman added that the committee’s first major activity would be a courtesy visit to the Speaker of the ECOWAS Parliament in Nigeria as part of efforts to strengthen inter-parliamentary cooperation.
SINL NIgeria Online reports that Senator Wadada assured that the public would be kept informed of the committee’s activities as the new work plan is implemented.
The Minister of Defence, Christopher Musa, has revealed that the minimum monthly salary of Nigerian soldiers has increased to N100,000 after the Federal Government reviewed their welfare package.
Musa made the disclosure during an interview with News Central ahead of his appearance on the NC Exclusive programme.
He said the adjustment was part of efforts by the government to improve the living conditions of military personnel.
Executive Branch
The former Chief of Defence Staff, however, said the country’s defence sector still requires more funding despite the improvement in soldiers’ earnings and welfare.
He stated that the current defence budget remains inadequate, adding that more resources are needed to effectively support the armed forces and their operations.
Musa explained that soldiers who previously earned about N49,000 monthly now receive at least N100,000 following the salary review carried out by the government.
The minister also called for tougher punishment for kidnappers, saying stronger measures are needed to reduce the increasing cases of abduction across Nigeria.
Remodelled Abuja City Gate To Be Commissioned Today, Thursday, July 9
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Senator Wadada promises to deepen legislative ties, stop inactivity
Just in: FG jerks up salaries soldiers to N100k monthly
DAY 22 of Projects Commissioning in the FCT
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