An Abuja Appeal Court has upheld the 490-year jail term for former NEXIM Bank MD, Robert Orya, over a N2.4bn fraud conviction by the EFCC.

The court subsequently sentenced Orya to 10 years’ imprisonment on each of the 49 counts, amounting to 490 years. The sentences were ordered to run concurrently.

A three-member panel of the Court of Appeal dismissed the former NEXIM Bank’s managing director in a unanimous judgement on Tuesday.