GEEBITE:
Let this sink to your head,he is one of the richest Nigerians ever.He is very religious and a hermit who does not socialise just like Mike Adenuga. This man solely spent the money that made his older brother first Governor of Osun State and was the major financier of Otedola's dad in Lagos together with Dangote(Femi even wrote this in his memoirs).He almost made another younger brother the Governor until the rigging masters truncated that. Until Dangote made a big break via Obasanjo's government through many deals and import waivers,Deji Adeleke was richer than him.It will interest you to know that when Davido was given birth to in 1992,Deji delegated Dangote to pick his wife and new son from the hospital.

exactly.. i didnt think the guy was rich as I know Nigerians love posing.. but a few mins on google and checking out his companies changed my mind.
I mean the dude controls 2 power plants that in total generate over 650MW.. Doesnt that mean hes generating more than 10% of Nigeria's power. LOL

adelaja70:

MY BROTHER E GET AS DEM DEY DO THIS THING.. NA TO LEASE AM FOR 2 OR MORE YEARS AND RETURN IT BACK ... WHERE IS THE FIRST ONE HE CLAIMED HE BOUGHT?...

thats the smart business way to do stuff.. CEOs and billionaires lease cars in USA all the time.. There's merit in leasing vs owning as when you lease you dont have to deal with the depreciation later on..

And even leasing a jet like that will cost millions of dollars a year... Anyone that can lease a jet for millions of dollars a year would be considered wealthy? Think about it well before you answer..

sammychimex:
Please what business does davidos father do? Or is there something I don't know.

http://pacificholdingsltd.com/our-companies/

He owns MASSIVE power plants
He owns logistic company with 100s of big trucks
He owns a university

You can find out more yourself with simple google searches..

Normally im the first person to say people are posing, etc, and living a fake life.... However, i did check deeper and Davido's dad is rich.. A simple public search will show you he is the CEO of Pacific Holdings Limited

Now when you check up Pacific Holdings Limited, you can see some of the stuff they do publicly, like owning a few power plants generating a good chunk of the power for the country.. no need for me to type it all out.. just read up yourself below:

http://pacificholdingsltd.com/our-companies/

He is also the owner of Adeleke University which is set on 520 acres.. 520 acres should be about 3000 plots.. How much do you think 3000 plots of land is worth even in the village? Now how much do you think a university like that is worth with buildings, etc? Tens of billions?

Anyway lets not forget some people are rich, and some are wealthy, while a few are not sure what to do with their money..

I know its difficult to imagine it, but as I typed this message out for 10mins someone somewhere has made millions of naira in the same time..

We all hail Ronado, Messi, etc.. Ronaldo supposedly made $109m for 2019.. Lets remove a bunch for tax, at the minimum he cleared $1.5m a week.
Thats approx $200,000 a day, which is around 72,600,000 A DAY..

Want to know whats funny? Ronaldo isnt even a billionaire, or close to it.. Ronaldo made $109 million in 2019, some billioniares made ten times that amount in 2019.. Now let that sink in for a second... Bottom line is theres a lot of wealth and money out there..

Remember there are TENS OF MILLIONS OF MILLIONAIRES IN THE WORLD..(IN USD$ not NAIRA)

Its not that the aircraft they bring isnt big enough, its that some of these carriers also bring in cargo goods..

Turkish airlines comes in with a wide body aircraft.. (egypt air, asky , are coming in with tiny 737s yet no issues)

I call this the "CHOP DOUBLE MONEY SYNDROME". - an airline decides to also bring in so much cargo goods that they dont have enough space for their passengers luggages.. To them its a win-win - you chop money for cargo goods and also chop money from the passengers...

I suggest everyone have a read.. Its long but it will clear up a lot of misconceptions. This isnt a tribal or witch hunt..

1. Beginning on a date unknown, but at least as of May 2016 and continuing through at least February 2018, in the Northern District of Georgia and elsewhere, defendants ALLEN IFECHUKWU ATHAN ONYEMA, EJIROGHENE EGHAGHA, and others known and unknown to the Grand Jury, did knowingly and willfully combine, conspire, confederate, agree, and have a tacit understanding with each other and with others known and unknown to the Grand Jury, to commit bank fraud, an offence against the United States, that is to knowingly devise and execute and attempt to execute a scheme and artifice (i) to defraud financial institutions the deposits of which were insured by the Federal Deposit Insurance Corporation, that is, Wells Fargo Bank and JPMorgan Chase Bank NA, and (ii) to obtain and attempt to obtain moneys, funds, and assets owned by and under the custody and control of those financial institutions by means of materially false and fraudulent pretenses, representations, and promises, as well as by omission of material facts, in violation of Title 18, United States Code, Section 1344.

Background

2. Defendant ALLEN IFECHUKWU ATHAN ONYEMA, a Nigerian citizen, is the founder and Chairman of several entities in Nigeria, including Foundation for Ethnic Harmony, International Center for Non-Violence and Peace Development, All-Time Peace Media Communications Limited, and Every Child Limited.

3. Foundation for Ethnic Harmony is an organization founded by ONYEMA purportedly to promote harmonious co-existence among diverse ethnic groups in Nigeria through peace rallies, educational programming, and individual reorientation that encourages nonviolence and ethnic tolerance.

4. International Center for Non-Violence and Peace Development is an organization founded by ONYEMA purportedly to empower Nigerian youth through peace-building education and skills acquisition training.

5. All-Time Peace Media Communications Limited is a grassroots communication network founded by ONYEMA purportedly to create enlightenment for Nigerian people of all ages on the universal applicability and advantages of peace.

ONYEMA transferred funds from his Nigerian bank accounts to his personal bank accounts in the United States

6. In or around 2010, ONIEMA began frequently travelling to Atlanta, Georgia. From 2010 and continuing through 2017, ONYEMA travelled back and forth between Nigeria and Atlanta, Georgia to conduct various financial transactions.

7. On or about April 2, 2010, Onyema opened a checking account ending in. 8086 in the name of Allen I. ONYEMA at a Bank of America branch in Atlanta, Georgia ("BOA 8086". ONYRMA was the sole authorized signatory on the account. In or around August 2011, ONYEMA added his wife as a joint member to BOA 8086.

8. Between April 2010 and January 2016, ONYEMA transferred millions of dollars into his BOA 8086 account from Nigerian and other foreign bank accounts, including hundreds of thousands of dollars transferred directly from accounts for Foundation for Ethnic Harmony, International Center for Non Violence and Peace Development, All-Time Peace Media Communications Limited, and Every Child Limited.

9. ONYEMA used the funds in his BOA 8086 account to pay for personal living expenses, among other purchases. For example, Onyema purchased an armoured Lexus LX570 ($204,000.00), using, in part, funds from BOA 8086.

10. In or about January 2016, Bank of America closed BOA 8086 and issued a cashier's check in the amount of $4,000,396.43 made payable to ONYEMA and his wife.

11. On or about March 1, 2016, ONYEMA opened a checking account ending in 3417 ("WE 3417" and a savings account ending in 8020 ("WF 8020" at a Wells Fargo Bank branch in Atlanta, Georgia. Both WF 3417 and WE 8020 were opened in the name of Allen I. ONYEMA, and ONYEMA was the sole authorized signatory on both accounts.

12. On or about March 7, 2016, ONYEMA deposited the Bank of America cashier's check into WE 8020. That same day, ONIEMA added his wife as a Secondary Joint Owner and authorized signatory to WE 8020 and WF 3417.

13. Between on or about March 2, 2016, and May 10, 2016, Wells 8020 received numerous wire transfers totalling hundreds of thousands of dollars from his bank accounts domiciled in Nigeria, including but not limited to the bank account for All-Time Peace Media Communications Limited and Foundation for Ethnic Harmony.

14. From March through May 2016, ONYEMA made numerous cash withdrawals from WF 8020 totalling hundreds of thousands of dollars. WE 3417 was used to pay for personal expenses, including purchases at Atlanta, Georgia locations of Prada, Neiman Marcus, Macy's, Louis Vuitton, the Apple Store, and various airlines.

15. In March 2016, ONIEMA also used WF 8020 to purchase luxury cars, including a Rolls Royce for $180,000 and a Mercedes for $88,500, among others. 16. On or about November 14, 2017, ONYEMA opened a business checking account ending in 5512 ("JPMC 5512" and business savings account ending in 2151 ("JPMC 2151" at a JP Morgan Chase Bank branch in Atlanta, Georgia. Both JPMC 5512 and JPMC 2151 were opened in the name of Springfield Aviation Company, LLC, and ONYEMA was the sole authorized signatory on both accounts.

17. In total, from 2010 through 2018, wire deposits amounting to over $44.9 million transferred from foreign accounts into ONYEMA's Bank of America, Wells Fargo, and J.P. Morgan Chase accounts.

ONYEMA founded AIR PEACE

18. In 2013, ONIEMA founded Air Peace Limited ("Air Peace", a private Nigerian airline based in Lagos, Nigeria, that provides passenger and charter services. ONYEMA is the Chairman and CEO of the entity.

19. EJIROGHENE EGHAGHA, a Nigerian citizen, is the Chief of Administration and Finance of Air Peace.

20. Between 2013 and 2014, ONIEMA used multiple foreign bank accounts, including several Nigerian accounts, to purchase airplanes for the Air Peace fleet. These planes included Boeing 737 aircraft bearing serial numbers 25234, 25235, and 27530, and Dornier 328 aircraft bearing serial numbers 3221 and 3171. Funds

to purchase these aircraft came from accounts for All-time Peace Media Communications, Foundation for Ethnic Harmony, Every Child Limited, and International Center for Non-Violence. The total amount of funds from these accounts used to purchase aircraft for Air Peace exceeded $3,000,000.

21. Between 2013 and 2016, accounts associated with Foundation for Ethnic Harmony, International Center for Non-Violence and Peace Development, All-Time Peace Media Communications Limited, and Every Child Limited in Nigeria transferred more than $3.8 million into bank accounts in the United States to a combination of escrow, logistical, and personal accounts. The funds were used to acquire, export, and service aircraft, as well as to purchase personal property. ONYEMA founded and used Springfield Aviation Company, LEC to facilitate large transfers of funds from his Nigerian bank accounts to the United States

22. On or about April 4, 2016, a business attorney, at the direction of ONYEMA, established Springfield Aviation Company, LLC ("Springfield Aviation" as a Limited Liability Company registered in Atlanta, Georgia that purported to specialize in the wholesaling, trading, and sale of commercial aircraft and parts. Onyema is the owner of Springfield Aviation.

23. ONYEMA recruited E.M. to act as a manager of Springfield Aviation and to enter into contracts on its behalf.

24. E.M. has no connection to the aviation business outside of her role with Springfield Aviation and has no education, training, or licensing in the review and valuation of aircraft, including aircraft components.

25. On or about July 18, 2016, ONYEMA opened a business checking account ending in 8621 in the name of Springfield Aviation Company, LLC at a Wells Fargo branch in Atlanta, Georgia ("WF 8621". ONYEMA was the sole authorized signer on WF 8621. In or about March 2017, ONIEMA opened a savings account ending in 0125 in the name of Springfield Aviation Company LLC at a Wells Fargo branch in Atlanta, Georgia ("WF 0125".

26. ONYEMA used WF 8621 to pay for personal expenses, among other things. For example, the account was used to make purchases at Atlanta locations of Publix, Macy's, DSW, the Ritz-Carlton, and various restaurants.

27. On August 22, 2018, ONYEMA established Bluestream Aero Services and Springfield Aviation Company in Ontario, Canada. ONYEMA also opened business bank accounts ending in 7523 held in the name of Springfield Aviation Company and 7515 held in the name of Bluestream Aero Services at Bank of Montreal (Canada).

28. In November 2018, ONYEMA transferred around $10 million from WF 8020 to the Bank of Montreal accounts.

Scheme and Artifice to Defraud

29. Beginning on a date unknown, but at least as of in or about May 2016 and continuing through at least in or about May 2017, ONYEMA, on behalf of Air Peace, purchased several aircraft.

30. Beginning on a date unknown, but at least as of in or about May 2016 and continuing through at least in or about February 2018, ONYEMA, EGHAGHA, and others known and unknown to the Grand Jury, applied for export letters of credit to cause the transfer of funds from a Nigerian bank account for Air Peace to Springfield Aviation bank accounts controlled by ONIEMA, purportedly to fund the purchase of aircraft by Aft Peace from Springfield Aviation.

31. The aircraft that was referenced in each of the export letters of credit was never owned or sold by Springfield Aviation.

32. In support of the letters of credit and to cause the disbursement of funds from either Wells Fargo Bank or JPMorgan Chase Bank NA into Springfield Aviation's account, ONYEMA, EGHAGHA, and others known and unknown to the Grand Jury, with intent to defraud, submitted false documents to Wells Fargo, including fabricated purchase agreements, bills of sale, and valuation documents.

33. EGHAGHA sent false documents to E.M. and directed E.M.to sign the documents on behalf of Springfield Aviation. EGHAGHA instructed E.M. to present false documents to the respective banks in support of each letter of credit.

Letter of Credit One -- FB16TLL00063

34. In or around May 2016, ONYEMA, as the owner, Chairman, and CEO of Air Peace negotiated and purchased the Boeing 737-500 aircraft bearing manufacturer's serial number ("MSN" 28721 ("Boeing 28721" from Commercial

Jet Solutions, LLC. That sale was consummated by an Aircraft Purchase Agreement dated May 16, 2016, and a Bill of Sale dated July 13, 2016, for a total $2,078,000.

DOWNLOAD FULL INDICTMENT HERE

35. The purchase was completed using three wire transfers from WE 8020 totaling $2,078,000: $500,000 on or about May 16, 2016; $73,000 on or about May 23, 2016; and $1,505,000 on or about July 14, 2016.

36. In or about November 2016, Wells Fargo Bank received an export letter of credit request from Fidelity Bank in Nigeria on behalf of applicant Air Peace Ltd.

The letter of credit requested that Wells Fargo accepts as a transfer $1,682,184 for the benefit of Springfield Aviation. The purpose of the letter of credit was purportedly to fund Air Peace's purchase of Boeing 28721 from Springfield Aviation, an aircraft already owned by Air Peace that was never owned by Springfield Aviation.

The letter of credit was identified as FB16ILL00063. The directions for the letter of credit state that "Documents must strictly conform with the terms and conditions of the attached letter of credit" and that "DOCUMENTS DATED PRIOR TO L/C OPENING DATE NOT ACCEPTABLE."

37. In support of the letter of credit and to cause the disbursement of funds from Wells Fargo into Springfield Aviation's account, ONYEMA, EGHAGHA, and others known and unknown to the Grand Jury, presented false documents to Wells Fargo. Those documents included, among others:

a. Sales and Purchase Agreement dated June 1, 2016, between Springfield Aviation and Air Peace for the Boeing 737, signed by ONYEMA as Chairman/CEO of Air Peace and signed by E.M. as Manager of Springfield Aviation, on or about September 22, 2016;

b. Notarized Bill of Sale from Springfield Aviation to Air Peace, dated December 30, 2016;

c. Commercial Invoice from Springfield Aviation to Air Peace, dated December 30, 2016;

d. Valuation submitted on behalf of Springfield Aviation on December 30, 2016, which purported to be a "full aircraft appraisal" by "JMI LLC" that estimated the current market value of the Boeing Aircraft as $3,000,000; and

e. Delivery Certificate dated December 30, 2016, certifying that Springfield Aviation delivered Boeing 28721 to Air Peace in conformity with the terms of the letter of credit.

38. JMI LLC was not a valid business that conducted airplane valuations at any time relevant to this Indictment.

39. On or about January 9, 2017, the letter of credit was amended to increase the amount of the anticipated transfer to $2,000,000.

40. On or about February 10, 2017, Wells Fargo transferred $1,982,228.46 into Springfield Aviation's Wells Fargo account, WF 8621.

BluntBoy:


But in the case of indictment, it comes after a grand jury investigation. Investigation does not take gossips, rumors, and hearsays into consideration. It uses evidences.

Exactly! and he needs to STFU and stop talking.. Denying publicly will only hurt him when it comes to pre sentencing report or guilty plea.. You gain nothing by claiming you're innocent online when the DOJ indicts you..

DonX001:

But if the USA has records of all dollar transactions in the world, why do they find it difficult to indict other people who are widely believed to have engaged in criminal corruption/money laundering/political looting activities like Atiku, Tinubu, OBJ, and a host of other politicians? Especially given that they have no tangible legal primary source of their massive wealth.....no huge companies they own or run?

Just because they have records of wires doesnt mean they can prove anything. Remeber there are possibly millions of wires sent in USD every day from all over the world.. It's only when they have an active investigation that they can narrow down.

.. ONCE AGAIN READ BELOW

"But ultimately, all international payments in US dollars have to be settled through the US, as the issuer of the currency. Specifically, international wire transfers are processed via the Federal Reserve’s Real Time Gross Settlement System (RTGS), known as the “Fedwire Funds Service” or just “Fedwire.”"

.

einsteine:


Oga, it is over four years and he has still not been extradited. By December, it would be adjourned again.

I thought you were making multiple posts that everyone who is indicted by the US is extradited. The courts have to order it first. And we know how Nigerian courts are.

If Invictus Obi had not been arrested in the US, trust me he would still be in Nigeria fighting in the courts against his extradition

Thats not the point.. the point is it NEVER goes away.. Also your're living like a prisoner and cant visit any USA friendly countries like Europe/Canada/etc..

Just because the case is adjourned doesnt mean hes not going to be extradited. He's still going to court for it and using all his connections.. Eventually if USA wants him they will put enough pressure on Nigeria.

So yes, show me one person USA asked to be extradited from Nigeria, and the Nigeria govt refused.. NONE.. Kashamu is fighting extradition, Nigeria govt is not the one refusing to extradite him

einsteine:



Buhari cannot unilaterally decide to extradite people.

It's the courts that do that.

By the way, Buruji Kashamu is facing pending charges in the US since 2015. He fought his extradition and he is still in Nigeria.

nah. i think some of you need to read up on Kashamu.. Dude ran away, then flew to UK, and he got held there and USA wanted to bring him back, after a 4 year battle they lost it BECAUSE UK govt said they cant prove his identity.. BUT.. just checked.. he is due in court next month.. READ UP

"A Federal High Court in Lagos on Thursday further adjourned until December 6 hearing in a suit filed by Buruji Kashamu seeking to stop his extradition to the U.S. to face drug offence charges.

Mr Kashamu, who until June represented Ogun East District at the Senate, in his suit FHC/L/CS/930/2018, joined the Inspector-General of Police and Commissioner of Police, Lagos as respondents."

FULL STORY .> https://www.premiumtimesng.com/news/top-news/360427-court-fixes-date-for-buruji-kashamus-extradition-suit.html

hes still screwed

franchasng:
You still don't get the whole story lol



Onyema sent the $20million from his Nigerian NGOs bank account to his registered company US bank account in US, and for him to send such amount of money to the US, he must provide proof of business transaction so he used the story that he is buying aeroplanes from a US based aviation company; Springfield also owned by him.


On receiving the $20million in US bank account from Nigeria, he then moved $16million to other accounts which they see as money laundering since all the documents he used from inception are false.

Take it from me, he was doing all these things to avoid paying huge tax in Nigeria, that was why he moved the money from an NGO account to US.


He thought since its an NGO, nobody will care to investigate it.


The question is, who are the donors of the $20million in his Nigerian bank account which he wired to US This is the major question being asked.


But I still believe he owns the money through his real estate business. But maybe he was lookin got shortcut to bye pass tax

Either way hes an idiot. How do you think you will get away making FAKE LC Documents for that kind of amount and routing the transfers through USA. Of course any wire of that amount coming from Nigeria to USA is obviously flagged due to the fraud/corruption rate here..

Sounds to me like they simply flagged this transaction and dug deeper and indicted him.. His wahala is plenty now

ChoCho54:
True but right now, the fraud they committed is not an explanation why they are buying new planes in this harsh economy, hence my initial qoute.

One thing is air peace growth isnt as fantastic as you think when you break it down.

Air peace does not own ONE brand new airplane YET.. They have a fleet of used 737 that can go as low as $5m, possibly cheaper.. meanwhile a brand new one is $90m

A world class airline, (Emirates, United, Qatar, Ethiopian, etc) would never buy a used airplane that is 20 years old... So thats why air peace can add planes like you change underwear.. One brand new 737 can probably buy you 10+ old ones..

tboydbrave:
We need to change our mind set as to how we do things. Am really sad about dis,one of d men I look up to for dat matter. Its because we always feel we can do anyhow n anything we want without taking into consideration whether its legal or not. D way we behave in Nigeria is not acceptable outside dis country. We always look for short cuts rather than going by d book to do things. I tire for our people oo. Its getting out of hand pls. Move your cash through proper means rather than trying to cut corners,am sure he was trying to avoid paying tax on d money. Dats y he did it like dat now he might end up losing all d money in totality. Unnecessary things.

losing money is the least of his problems..at this point he will agree to give up 100% of his wealth if he were offered such..

his problem is probable jail time/reputation .

LordAdam16:


Air Peace itself was not indicted.

Only the CEO and CFO. They're expendable.

It's up to the Board of Directors/Shareholders to compel both of them to hand over the reins of the company to an interim C-level exec until if/when they've cleared up the issue. And if he wants to preserve his wealth, he'd do well to listen to them.

Everybody is expendable including Bezos.

-Lord

yup.. if i were him id consider two options:

1. Take a plea bargain and get little prison time.. Meanwhile take time and set up my money affairs in order.
2. Run away to Russia, China or North Korea, but dont fly through Europe as they'll grab you

Sounds funny but theres no other way to fight a DOJ criminal indictment.. Either you run away for life or you plead guilty.. You aint gonna beat DOJ attorneys in court..

styles2009:

See this one, you think say na EFCC and Mompha.
27 counts, let's see how he wins one.

exactly.. thats the messed up thing about the usa indictments.

They will give you 27 charges, and each single ONE of bank fraud/money laundering IS like 20 years in prison, so even if you beat 26 you will still go to prison for 20 years

He's screwed.. this isnt EFCC

tricksters:
So after he as proven the money is legit, the US government will now path him own the back for the fake document he used to get the line of credit n also for the fake company who don't deal in plane but received n disbursed the 20 million dollars right ?

The level of foolishness in you argument is shocking.

LOL exactly.. people dont understand what a USA indictment means.. They have concluded the investigation and NOW indicted him..

This isnt EFCC and their nonsense..

Ayoefa:


I kind of agree with you on this if it can be done. The Nigerian govt should try and protect this man and his business if possible without looking like they are protecting a criminal. I actually respect the man for all his good deeds. Unfortunately for him, American court system can be very brutal and unforgiving. I have been through this same court jurisdiction, so I know how they think. When they come for you, you are in deep SHIT.

exactly.. glad people are saying what ive been saying all along.. and NO Buhari govt will not protect him..

No one man is worth diplomatic ties and relations with your country.. Pretty much every country extradites to USA to avoid the consequences.. Only countries like China and Russia dont give a crap because they dont need USA>

Even Mexico agreed to extradite El chapo

alezzy13:


Na wa o. So if as a rich guy I decide to move my legimately earned money to the US (which could be in the millions) and do something else with it, that counts as money laundering

These Oyibo people sef

Just read through the charges again, and I think the main issue is that he didn't (whether willingly or ignorantly) follow due process. At least unlike the Invictus case, they have accused him of stealing from anyone.

He committed bank fraud by faking LC documents.. its a big NO NO in business world.. You cant fake Import/export documents.. Its how world business is run... Importers open LC and exporter trusts bank will pay him after shipment..

USA, or any other developed country will not allow that system to be abused or defrauded.

tricksters:
This lunacy is what you intend to use to wade of FBI ...lol. You guys are jokes I swear. I have friend in the US navy seal, he was suspended close to a year cos someone sent a fraudulent check ro him.

That is an American elite fight force, he is not in the navy o. The only way this man is coming out is doing what Tinubu did forfeiture, make my words. FBI no be EFCC wey go charge you to court come de find evidence.

They already established a fraud case, gotten enough evidence to convict knowing you will put up a fight n you can only escape that having equally good attorneys that know the system n make a deal where possible.

Tinubu was not indicted.. He was merely mentioned in a case which means he was small fish and not the target of the investigation.. This is a CRIMINAL not civil indictment.. Has nothing to do with forfeiture. if anything they sentence you to prison then STILL go ahead with the forfeiture of the laundered funds..

All you people saying Buhari govt will refuse to extradite him need to chill out..

There has NEVER been ONE single case of Nigeria refusing to extradite to USA..

If they refuses, USA can assess punitive damages.. it will severe diplomatic relations and USA can claim Nigeria is harboring fugitives, threaten to block nigeria banks from using SWIFT system(all USD WIRES), claim Nigeria promotes money laundering, etc.. list is endless.

Bottom line is they will extradite..

nedekid:

It is normal practice for businessmen to raise LC and divert some of the money for something else. After all if you have cash in Nigeria and wish to take some out for other investments, how else do you do it? You cannot just carry $1m in your bag through the airport naa. Neither can you go to the bank and say you want to wire the money to the US.
See alot of rich business people do this!

business men do it everyday through India & China imports.. not through USA.

and Its a CRIME, just because Nigeria doesnt prosecute doesnt mean its not bank fraud.

If youre a rich man and your money is clean, walk into your bank and transfer your funds..

There are people who wire millions of $ daily legally and they have no problems..

ensamy:
Bill Gates, Zuckerberg , George Soros etc don't do money laundering it's only an African billionaire does. Nonesense. So Black man should never be wealthy. Whites an rascism.

relax amigo.. read the indictment.. he committed a crime.. has nothing to do with black men being wealthy..

There are tens if not hundreds of thousands of BLACK MILLIONAIRES living free lives and not breaking USA laws.. Lets learn how to blame the perpetrator not his skin colour.

YungMillionaire:
1. Lets start by focusing on Onyema's goal: to launder 20 million dollars from Nigeria to US.

How would one go about doing this without raising a red flag in America? Onyema thought he had a plan.
2. Onyema pretended he wants to use to 20 million dollars to import Boeing aircrafts from the US to America.

Now stay with me here. When you import goods from another country the exporter (aircraft seller) has to be confident that when he sends the aircrafts to Nigeria, onyema (the importer) would pay him (aircraft seller) the money due. In other for the aircraft seller to have this confidence he needs a letter (Export letter of credit) from Onyema's bank.
3. So Onyema got an export letter of credit from a Nigerian bank.

Normally, Onyema's Nigerian bank would send the letter to the America exporter. So here is Onyema's trick. Onyema set up a company in the US to be the 'aircraft seller' ( 'exporter').
4. Onyema's plan was complete. All he had to do was have someone (Mr. Eghagha) in the fake aircraft company to send the letters to the company's bank in America saying the aircrafts have been exported and viola the 20 million dollars sitting in Nigeria would flow into bank accounts in the US. And that was exactly what happened.

5. As soon as the 20 million enter the US, Onyema quickly wired 16 million into various US accounts. This move is typical money laundering move. This is where Onyema fvck up. So the American bank fraud team took a deeper look into the Export letter of credit and concluded that 1. The company does not have aircraft to sell and 2. consequently no aircraft was exported to Nigeria for the 20 million that flowed from Nigeria to US.

Thanks someone who understands how LC's work.. Thats exactly what he did.. hes fcked..

mrvitalis:

Boeing plans cost 20 million right ?

Used ones cost much less.

You can get a fairly used 737-300 for well under $4m

https://www.controller.com/listings/aircraft/for-sale/list/category/3/jet-aircraft/manufacturer/boeing/model-group/737

ALL air peace airplanes are used.. I can show you how to get the history of the airline via tail number.

PDPGuy:

That's the other shit Onyema is facing. There is a 99.9% probability that Buhari will gladly extradite him to the US.
His only option now, aside from entering a plea deal/fighting the charges in trial, is to move to a country that has no extradition treaty with the United States. Simple.

exactly.. i mentioned pages ago that this is a problem.. this isnt EFCC

Once USA seeks his extradition, which they will, then Nigeria govt has to arrest him and proceed towards that.. and yes Buhari will gladly extradite him.. Cant mess up relationships with USA over one man..

Entering a plea deal = prison time
Fighting charges in trial = LOOONG prison time.

Moving = Maybe Russia? lol but they might grab him while he transits

Now he has been indicted it means the USA has already flagged him.. Once he flies out of Nigeria they will grab him.. doesnt matter if he goes to Dubai, UK, Spain, Canada, etc..

Just FYI, Buhari GOVT agreed to extradite 80 Nigerian that were indicted recently by FBI, Mr Onyema has a problem...

Nigeria will gladly extradite its citizens to face USA charges. Yet to find one person Nigeria refused to extradite.. Recently its been pretty much Russia refusing to extradite its citizens..

Nigeria loves/needs USA, they will do whatever America says.

lloyds:


It's still charges sir, not until proven guilty.

lol with the United States DOJ its basically a done deal.

Now the question is whether he wants to go to trial(and lose & get max jail sentence), or plead guilty and serve a shorter jail sentence(like majority do when indicted).. He's facing lots of charges.. No way he escapes free..

Odumanudo:
This is too bad for Air Peace brand whether Onyeama is proven guilty or not. Our people should be careful when carrying out any international business transaction in US from Nigeria. Any attempt to beat or cheat the financial system comes with great consequences.
Mr. Onyeama has a great task ahead of him to clear this mess. Pity.

Good luck to him. Its also a fed charge, not a state charge..

Difference is that the USA federal GOV(DOJ/FBI) have unlimited resources and do their investigations well.. They have over 90% conviction rate.. and the few case they lose as usually because maybe the person died while being tried, or there was malpractice by the prosecutors..

TOPCRUISE:
You think the Nigerian government is reliable. It will shock you. So far he has made friends with members of Senate and House of Representatives and he is recognized by the executive and igbos have held him as a true son of the soil he becomes untouchable. He has blackmailed Nigeria already. You will see how efcc will bungle the case by new twist and turns that will be introduced courtesy of the ogas at the top.

Bro, EFCC has nothing to do with this.. Thats what people are mixing up.. This is a DOJ indictment, NOTHING to do with EFCC.

USA government has presented evidence, and got an indictment against him.. Now the next step is he has to come to america to face the charges.. and they will seek his extradition from Nigerian govt..

EFCC is not a part of this for now.. This isnt mompha case.. This is a USA criminal indictment. Never pray you or anyone you love gets indicted by the USA.

topgun98:


Oga You've got some screws loose in your head, American airlines with largest fleet in the world of almost 1000 aircraft will be worried about air peace with 25 second hand aircraft.

Its pointless engaging in intelligible discuss with individuals like you who are blinded by ethnicity.

haha tell me about it.. air peace is NOTHING in the airline industry.. NOBODY outside Nigeria knows air peace.. Not my USA friends, Not people in Europe, nobody..

USA airlines are more worried about Emirates, Qatar, Singapore, Etihad, etc.. Airlines who offer flights to destinations from USA to everywhere in the world, with a much better service

ziddy:
Sounds like some useless politician donated state funds to Onyema's 'Ethnic Peace Blahblahblah' foundation account for laundering & onward transmission to the US.

We are about to find out which of our political bandits partnered with Onyema in this Air Peace business....about time

I still dont undersrand why people keep passing dirty funds through USA, they will always prosecute.. They flag transactions of $10,000+ and also flag suspicious wires..

When they flag it, someone actually looks into it.. usually the IRS, hence why the IRS was mentioned as assisting in the investigation..

Stop moving dirty money through USA my people... Sooner or later they will find you..

Sanchez01:

It doesn't work that way o. This is a fraud case and if his extradition is sought from the Nigerian government and it is not honoured, it might dampen the bilateral relationship between then two and further put Nigeria in trouble with the US government.

Eventually, the trick for him would be not to travel as he can be extradited mid air. We have seen this in play severally.

Exactly.. im glad someone understands what I said previously.. Will summarize again.

he has been indicted..

- He needs to appear in USA court voluntarily (where he will be arrested and arraigned, then can seek bail and start trial or plead guilty.

OR

- USA DOJ will seek extradition to USA, at which point the Nigeria government has to decide what to do.
- Extradite him and please USA, or don't extradite him..
- I dont recall one case where Nigeria refused to extradite someone to USA. No one man is worth USA-Nigeria relations.