Robert Orya, a former managing director of the Nigerian Export-Import (NEXIM) Bank, was given a 490-year prison sentence by a Federal Capital Territory (FCT) High Court in Abuja.

Orya was found guilty of several fraud-related allegations brought against him by the Economic and Financial Crimes Commission, or EFCC, and was convicted on Thursday, February 5.

Samuel Ugwuegbulam, an EFCC counsel, brought charges against the former CEO of NEXIM, who led the bank from 2011 to 2016, for allegedly embezzling N2.4 billion.

Judge F. E. Messiri found Orya guilty on all 49 counts and gave him a 10-year prison sentence for each of them.

But the judge mandated that all of the sentences be served together.