The punishment handed out today completes a dramatic fall from grace for the batsman, who became the country's youngest Test centurion in 2001 at the age of 17. He later captained Bangladesh between 2007 and 2009.
The 29-year-old had been under suspension from all forms of cricket since June last year after he admitted to the ICC's Anti-Corruption and Security Unit that he had indulged in fixing BPL matches.
"In addition to the eight-year ban, Ashraful has also been ordered to pay a fine of one million taka (USD 12,280)," he added.
Besides this, the owner of the franchise, which Ashraful represented -- Dhaka Gladiators --, has been handed a 10-year ban (three years suspended) for the same offence.
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The duo was penalised for indulging in corruption during the league's second edition last year. The offence relates to a match between Dhaka Gladiators and the Chittagong Kings.
The batsman was also involved in fixing another match 10 days later, against the Barisal Burners, which his team lost by seven wickets, it was reported in the media here.
Meanwhile, the BCB's disciplinary tribunal also banned New Zealand player Lou Vincent and Sri Lankan Kaushal Lokuarachchi for three years and 18 months respectively for failing to report approaches made to them by bookies.
While Lokuarachchi had admitted his offence as soon as he was charged, Vincent conceded his involvement during the course of the investigation.
"They can also go to the Court of Arbitration for Sport in Switzerland, an international quasi-judicial body established to settle disputes related to sport," he added.