In order to save the airlines image and allow it to run freely during the period that the fraud trial of the two individual will last in the US courts,
The best thing would be for the its chairman and CFO Allen onyema and Egahaga to step down from their roles in the company pending their clearance from court of all corrupt charges.

Mr onyema who is a patriotic Nigerian that has created many jobs for Nigerians and West African and loves his people should allow that love for country to drive him to resign and save the company reputation from fraud until he is cleared from the allegations which I hope he will be cleared.

In the meantime his wife is the Vice chairman of air peace, she can take over as chairman and another person can take over as CFO of the airline pending their clearance.
This is the standard practice worldwide. If this is done it will in the meantime save the airlines a lot of trouble as they can open fresh business account in the USA devoid of signatories of people facing financial fraud charges in the US courts.
This will enhance the operational efficiency of the airline.

Mr Onyema and Egahaga would now use the time away from the daily demands from the airline operations to focus squarely on the case against them.
By setting up a top US criminal defense team made of US lawyers, not the ones that am seeing making weak statements on Nigerian media.

This case might likely take a while for the trial to be concluded, so to save his company during this trial period, he should do the honorable thing by resigning as that will not be an admission of guilt but a strategic move to save Airpeace.

Once that is done the fraud case will now involve former Air Peace chairman and former CFO thereby creating the needed seperation for the Airline.

What do you guys think? Should the indicted individual resign?

When did Air peace become West Africa's largest airline? It has not even surpassed the feats of Arik air... LET ALONE ASKY. If you know nothing about aviation and airlines don't quote me with ignorance. Especially the idioot saying Air peace has 2019 airplanes. The ugliest and dirtiest planes in Nigeria all belong to air peace. Check the aisle of most of their planes.

The money that started it was from amnesty loot. Fg would take it over

jayson87:
When did Air peace become west Africa's largest airline. It has not even surpassed the feats of Arik air

Air peace is the largest west African airline. It has more aircraft than any other west African airline and covers more routes/destination.
This claim is not in dispute it's a fact.

ednut1:
The money that started it was from amnesty loot. Fg would take it over

Mear allegation. go to court and prove your claim.

Atouke:


Mear allegation. go to court and prove your claim.

watch the space. Everything would come to light in the usa court. The whole trail of funds used to start it would be revealed . Who was onyeama before airpeace. He chose the wrong country to stash his funds .

Atouke:
What do you guys think? Should the indicted individual resign?

,
This should have been the best option , but is the attack on Onyema or the Air Peace which by every indication has rattled the international Aviation industry with its rapid unhindered expansion. They Attack appear as an attempt to stop Air peace by all means

Atouke:


Air peace is the largest west African airline. It has more aircraft than any other west African airline and covers more routes/destination.
This claim is not in dispute it's a fact.

is it bigger than sky airlines. How many international route does it cover

ednut1:
The money that started it was from amnesty loot. Fg would take it over

It may sound weird, but instead of forfeiting the money to US, Nigeria is better off nationalising it.

The conspiracy theory on this matter is just too much.

kettykin:
,
This should have been the best option , but is the attack on Onyema or the Air Peace which by every indication has rattled the international Aviation industry with its rapid unhindered expansion. They Attack appear as an attempt to stop Air peace by all means

Yeah, AirPeace chairman should act wisely by resigning his post. To create a seperation for his company to operate devoid of fraud allegations.

It will be very difficult to run an aviation company without a dollar account or US banking services as aviation is very dollar dependent.
As long as the US is involved any account that has this 2 indicted individuals as signatories will be frozen and not allowed in the US financial sector until they are cleared from any wrongdoing.
For Air peace to function efficiently, the Airline board needs to be restructured immediately.

netpro:


It may sound weird, but instead of forfeiting the money to US, Nigeria is better off nationalising it.

The conspiracy theory on this matter is just too much.

money does not belong to the usa. So it can't be forfeited

netpro:


It may sound weird, but instead of forfeiting the money to US, Nigeria is better off nationalising it.

The conspiracy theory on this matter is just too much.

This does not call for any nationalization of airline. Have you read the charges against onyema?
This is not as deep as you think. All he need to do is to resign with his CFO, and face the criminal charges against them.
Hire the best lawyers in the US and clear the case .
Arik and Aero that was nationalized via AMCON, how are they now?

ednut1:
money does not belong to the usa. So it can't be forfeited

According to the charges of money laundering, they are angling it is looted funds and proceeds of crime.

Also to repatriate funds takes time. Uncle Sam is dubious on things like this.

The best thing to do is for him to go to jail and serve his crime . He’s a crook .

ednut1:
watch the space. Everything would come to light in the usa court. The whole trail of funds used to start it would be revealed . Who was onyeama before airpeace. He chose the wrong country to stash his funds .

He is a hustler, not a business man. The business men are all implicated in Panama papers. The hustlers do jjc level money laundering

foolish emotional people, when a crime is commited with your name and business entity then you and your business would get your day in court

naijaguy123456:
The best thing to do is for him to go to jail and serve his crime . He’s a crook .

In which court of law was that established? Remember an allegation is not a crime. It's just an allegation until proven in court.

I can wake up tomorrow an allege that you are the antichrist, that doesn't make it so until I go to court and prove my allegation, and a court of law agree with me.

netpro:


It may sound weird, but instead of forfeiting the money to US, Nigeria is better off nationalising it.

The conspiracy theory on this matter is just too much.

You mean conspiracy idiocy.

naijaguy123456:
The best thing to do is for him to go to jail and serve his crime . He’s a crook .

He is a crook?

Please can you tell what crookery he did? I mean, what is the INTENT of this "crime" he committed?

Just want to know

ornicus:


He is a hustler, not a business man. The business men are all implicated in Panama papers. The hustlers do jjc level money laundering

I am particularly interested in what the INTENT of the "crime" that this man supposedly committed?

Do you know?

netpro:


According to the charges of money laundering, they are angling it is looted funds and proceeds of crime.

Also to repatriate funds takes time. Uncle Sam is dubious on things like this.

Where was that established? You are just spinning rumor. I bet you have not read the charges against mr onyema or you are just being obtuse.

He is charged for funneling money that was supposed to he used for purchase of aircrafts into accounts of companies that the US suspects might be a shell company. And forgery of letter of credit.
Those are the allegations so for nothing has been proven in the court of law . The case will go to trial, all mr onyema need to do is hire the best American lawyers and prove that those companies are not shell companies and that the Letters of credit was authentic.

Its not as big a case as it sounds, it's just because of who is involved. And so far I am not pleased the way he is handling the case.

He is charged in Georgia USA and his lawyers are speaking from Nigeria! Really by now a law firm in the state of Georgia should be speaking on his behalf not some Nigerian lawyer with some weak language.

nameo:



I am particularly interested in what the INTENT of the "crime" that this man supposedly committed?

Do you know?

He is charged for funneling money that was supposed to he used for purchase of aircrafts into accounts of companies that the US suspects might be a shell company. And forgery of letter of credit.
Those are the allegations so for nothing has been proven in the court of law . The case will go to trial, all mr onyema need to do is hire the best American lawyers and prove that those companies are not shell companies and that the Letters of credit was authentic.

Its not as big a case as it sounds, it's just because of who is involved. And so far I am not pleased the way he is handling the case.

He is charged in Georgia USA and his lawyers are speaking from Nigeria! Really by now a law firm in the state of Georgia should be speaking on his behalf not some Nigerian lawyer with some weak language.

First step in saving the jobs AirPeace provides and the airline, is for him and his CFO to resign and seperate themselves from the company so the company can operate efficiently without the criminal case hanging over them.

Mr onyema and Egahaga should become former chairman and CFO of AirPeace immediately.

nameo:



I am particularly interested in what the INTENT of the "crime" that this man supposedly committed?

Do you know?

It should be clear to you. Money laundering. He was trying to move 20 million dollars out of Nigeria.

By a false purchase.

[s]

netpro:


It may sound weird, but instead of forfeiting the money to US, Nigeria is better off nationalising it.

The conspiracy theory on this matter is just too much.

[/s]

You guys want to reap where you did not sow

Shameless people

Every hungry person has an opinion. Advisers.

Opinions over other people's wealth, lifestyle, marriage, private life..

Go get a life and stop posting nonsense online.

So many useless threads by idle people.

RonaldoVido:
Every hungry person has an opinion. Advisers.

Opinions over other people's wealth, lifestyle, marriage, private life..

Go get a life and stop posting nonsense online.

So many useless threads by idle people.

And your job is to go around reading and commenting on idle post?

ornicus:


It should be clear to you. Money laundering. He was trying to move 20 million dollars out of Nigeria.

By a false purchase.

?

RonaldoVido:
Every hungry person has an opinion. Advisers.

Opinions over other people's wealth, lifestyle, marriage, private life..

Go get a life and stop posting nonsense online.

So many useless threads by idle people.

A hungry man thinks every one is as hungry as him because hunger is his problem.

Hungry man talk be this o.

ornicus:


You mean conspiracy idiocy.

Lol

Atouke:

?

Say you have some stolen money. You are getting nervous as police are sniffing around . so you want to get it out of Nigeria. You cannot carry it physically.

So you give it your businessman friend to do

I will start from the beginning

Onyeama said he was going to buy planes wuthn20 million dollars.where did the 20 million dollars come from? This is a pertinent question because it cannot be income generated by air peace. The margins in aviation are meager, especially when he is not the only player. You use 20 million for capex, what is left for opex?

https://simpleflying.com/air-peace-expansion/
According to this article, the company has been running at a loss all this while. 3.3 million dollars losses last year


In addition to this, businesses expand with bank loans. Or capital from partners. There is no way to explain how he got the 20 million dollars he was going to use to buy the planes.

https://www.marketwatch.com/story/how-much-does-a-boeing-747-cost-2017-may-see-last-flight-on-us-carriers-2017-01-12

A brand new 747 is over 350million usd.

I have to wonder what planes he is claiming to be buying from boeing.

Going back to what I said, assume he actually had the 20 million dollars. Will buying new planes increase air peace bottom line? The number of passengers is shrinking due to the economy. If you buy a brand new 2019 corolla for Uber, are you going to charge more than 2013 Tokunbo corollas? Will people patronize you more because you have a brand new corolla? Unless someone has made a firm commitment to you, buy these planes and we will engage you.eg Mobil says they will lease your plane to fly staff everyday from Lagos to akwa ibom. And if that happened it would be in the news. Simply put, it is an illogical investment, considering the aviation industry. You will get broke fast.

What the authorites are saying is onyeama created a company in the US, a briefcase company, that he owned and That he gave a contract to supply him planes. He then sends that company 20 million from Nigeria. Once the company in the US gets the money,it starts disbursing the 20 million to numerous personal accounts of onyeama.

So what onyeama has done is he has used his business in Nigeria to move money to the US on false pretenses.that is a classic money laundering maneuver. Some people belive it's patience Johnathans money. You read how the fg is seizing 5 million today, 2 million tomorrow.

Like a lot of Nigerian businessmen, onyeama has no history of organic growth. If you go to Google, you can trace the histories of apple, Microsoft, dell, etc. you will see a very nerdy looking Jeff bezos .Air peace started 6 years ago. Where did onyeama get the capital?

Now all these questions will be asked

Below is a more concise description

https://www.nairaland.com/5546090/why-onyema-flagged-us-advice/5#84322388

This is exactly what I told my friends today.
He should resign as soon as possible and handover to the board of directors