Would you like to receive notifications on latest updates of the following headlines?

US slams Air Peace boss, Onyema, with new charges over money laundering

POSTED ON October 13, 2024 •   BUSINESS      BY Benedicta Bassey
Chief Executive Officer of Air Peace, Allen Onyema/ Photo credit: Ripples

Following alleged obstruction of justice in an ongoing money laundering probe, the United States on Sunday slammed the Chief Executive Officer of Air Peace, Allen Onyema, with new charges.

In a superseding indictment, the U.S. Attorney’s Office for the Northern District of Georgia accused Onyema and Air Peace’s Chief of Administration and Finance, Ejiroghene Eghagha, of submitting false documents in a bid to thwart a federal investigation into their activities.

Both Onyema and Eghagha have been under scrutiny since 2019 for alleged money laundering.

The Air Peace CEO is accused of moving over $20 million from Nigeria through U.S. bank accounts using fraudulent documents under the guise of purchasing airplanes.

Eghagha is also facing charges of aggravated identity theft in connection with the scheme.

U.S. Attorney in Atlanta, Georgia, Ryan Buchanan, issued a statement on Friday detailing the fresh charges.

According to Buchanan, the two defendants allegedly attempted to obstruct justice by committing additional fraudulent acts aimed at disrupting the investigation.

“Onyema, using his airline company as a cover, allegedly defrauded the U.S. banking system and later, along with his co-defendant, committed further crimes in a failed attempt to derail the government’s probe into his conduct.

“The diligence of our federal investigative partners exposed the defendants’ alleged obstruction scheme, ensuring that they can now be held accountable for their aggravated conduct,” he said.

The U.S. Attorney’s office revealed that from May 2016, Onyema and Eghagha allegedly employed a series of export letters of credit to cause banks to transfer over $20 million into Atlanta-based accounts controlled by Onyema.

These funds were purportedly for the purchase of five Boeing 737 passenger planes for Air Peace.

The documents presented to support these transactions, including purchase agreements, bills of sale, and appraisals, were allegedly fake.

Investigations uncovered that the planes were to be acquired from Springfield Aviation Company LLC, a Georgia-registered business owned by Onyema.

However, Springfield Aviation never owned the aircraft, and the company was managed by a person with no ties to the aviation industry.

READ ALSO
Business Owners in Abuja Raise Alarm over Rising Operational Costs and Falling Sales
BY Abiodun Saheed Omodara July 30, 2025 0

Business owners in the Federal Capital Territory have voiced their worries about the escalating cost...

READ ALSO
33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...

READ ALSO
Nigerian Financial Institutions Urged to Adopt Real-Time Tools to Combat Rising Fraud
BY Abiodun Saheed Omodara July 30, 2025 0

Financial institutions in Nigeria and throughout Africa have been encouraged to implement real-time...

READ ALSO
NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking
BY Abiodun Saheed Omodara July 30, 2025 0

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that wer...

READ ALSO
FG Plans Re-Privatization of Power Discos Amidst Legislative Changes
BY Abiodun Saheed Omodara July 29, 2025 0

The Federal Government may proceed with the sale of 11 power distribution companies through a re-pri...

READ ALSO
Lagos, Ogun Set for 25-Day Power Outage: Maintenance Work Begins July 28
BY Abiodun Saheed Omodara July 28, 2025 0

Lagos State and some areas of Ogun will undergo a power outage lasting 25 days, beginning on July 28...

READ ALSO
FG Mandates GPS Coordinates for Capital Projects Over N150 Million in 2025
BY Abiodun Saheed Omodara July 25, 2025 0

The Federal Government has required that all Ministries, Departments, and Agencies provide the Globa...

READ ALSO
FG Urges Project Accountants to Prioritize Integrity in Fund Management
BY Abiodun Saheed Omodara July 25, 2025 0

The Federal Government has cautioned project accountants and financial officers to prioritize care a...

OUR CHANNELS:

33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...


Nigerian Financial Institutions Urged to Adopt Real-Time Tools to Combat Rising Fraud
BY Abiodun Saheed Omodara July 30, 2025 0

Financial institutions in Nigeria and throughout Africa have been encouraged to implement real-time...


Tragic Attack: Wild Elephants Kill Farmer in Ogun State
BY Abiodun Saheed Omodara July 30, 2025 0

A group of wild elephants from a government-protected forest has attacked and killed a farmer named...


Global Hunger Declines to 8.2% in 2024, Yet Africa and Western Asia See Rising Rates
BY Abiodun Saheed Omodara July 30, 2025 0

The recent report on the State of Food Security and Nutrition in the World reveals that around 8.2 p...


NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking
BY Abiodun Saheed Omodara July 30, 2025 0

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that wer...


FG warns as Ghanaians accuse Nigerians of Ritual Killings
BY Abiodun Saheed Omodara July 30, 2025 0

A group of Ghanaians protested against Nigerians, accusing them of engaging in widespread prostituti...


IGP Egbetokun Addresses Plight of Retired Police Officers
BY Abiodun Saheed Omodara July 30, 2025 0

The Inspector-General of Police, Kayode Egbetokun, stated on Tuesday that many retired police office...


Shettima Highlights Food Sovereignty in Tinubu's Emergency Declaration
BY Abiodun Saheed Omodara July 30, 2025 0

Vice President Kashim Shettima provided insights into the motivations behind President Bola Tinubu&r...


CAC Demands Annual Returns to Avoid Deregistration
BY Abiodun Saheed Omodara July 30, 2025 0

The Corporate Affairs Commission (CAC) has initiated a new round of removing companies that have not...


Oyo State Government Seizes Goods from Unregistered Veterinary Practices
BY Abiodun Saheed Omodara July 30, 2025 0

The Oyo State Government on Tuesday shut down 15 veterinary outlets and seized goods valued in milli...


More Articles

Load more...

Menu