Federal High Court sitting in Abuja may have set a new record after sentencing a former managing director of the Nigerian Export-Import (NEXIM) Bank, Robert Orya, to 490 years in prison over N2.4 billion fraud.

He was found guilty for all the 49 charges and sentenced 10 years each for all the charges amounting to 490 years but terms are however expectedly to run concurrently.

Orya was managing director of Nexim between 2006 to 2016. And was taken to court in 2021.

The EFCC accused him of defrauding the Nexim bank by using fictitious names to collect loans and refusing to pay back.