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flag Former NEXIM Bank head Ugenyi Kalu convicted of fraud, sentenced to 4 years and 2 months.

flag Former NEXIM Bank Lagos Region head, Ugenyi Kalu, has been convicted of fraud and sentenced to four years and two months in prison or a fine of N20.85 million. flag Kalu was found guilty of receiving a bribe related to a bank loan. flag Despite pleading not guilty, he was convicted on four charges in a significant victory for Nigeria's Economic and Financial Crimes Commission (EFCC) against financial crimes.

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