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.

franchasng:
This is what happened.



Onyema didn't steal America's money neither did he stole any money from America. He only used a false document to move his own money in Nigeria to his registered company account in the US.


The question should be, where did the money he moved from his Nigerian bank to US bank came from


Mind you, Onyema was among the real estate moguls that sold most lands in Banana Island, he sold over a hectare or more.


So $20million is a small money because Onyema sold close to 2 hectares of lands in Banana Island during the said time and 1 plot of land in Banana Island back then should be around $1million which is around 20 plots of land.

All he needs to do is get good attorneys, and provide clean evidence how the money came about and why he used fake documents of a non existent Aviation company in the US to receive money.


This is not BEC fraud.


His case is different

SoNature:
I am deeply heart-broken by this news

So am i

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..

My Yeegbo brother will decamp to APC ASAP, he will start praising the administration of Buhari and the federal government will protect him from being extradited to the USA to fave any criminal. The truth is no man can become a Billionaire without Committing Crime! Ask Trump, Bloomberg, Warren Buffet and Dangote�

In as much as I dislike fraud and corruption, I will protect this man if I am the government of Nigeria. American government is a useless one. Was it not the same American government that told us how corrupt Atiku was? In fact they declared him wanted only for them to give him visa so as to influence the pattern of voting in the last general election. American government will make you and still bring you down if you refuse to dance to their tune.

Felt so bad reading this news. This will further dent the image of well meaning Nigerians. I don't want to conclude yet when it is still at investigation stage. Let him come out to prove his innocence and if found guilty should face the consequences.

Now other private airlines will be happy hearing this news and seize this opportunity to skyrocket their price

Is he worse than our heartless politicians.hu steal from the poor...nonsense

Ojady:
C'mon Mehn! Noooo!! I smell a rat!!! This oyinbo people dem no want make blackman prosper sha...
After we have showed the world that we can do it right through AirPeace, they now come up with this! I dont believe it...
Nigerian lawyers, especially of Igbo extraction in the diaspora, should rise up and defend this
A man is not guilty until proven so, at every level of courts available.

You're a fool.

What is the meaning of all these nonsense? So no Nigerian can do a genuine business in a foreign land and go scot free? Anyway, let's see how the dance end. I wish Allen Onyema hood luck in advance.

jjman2322:



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

A lot of businessmen do this every day. That is how you get some of your money out of the country for other investments. After all you cannot take more than a certain amount through the air port neither can you go to Zenith bank and ask them to transfer $1m.
This does not mean the source of his money is fraud, only that he moved his money to the US in an inappropriate way.

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..

SoNature:


Story for the deities!

Stop making silly excuses for him

He should go and clear his name if he thinks he's innocent

I just kept wondering where the man was getting all the funds to order brand new airplanes from.

Meanwhile, most airlines in Nigeria buy fairly used ones because they don't have enough money

Your last two paragraphs are off point. The issue here is using false documents to move funds to America to buy planes. But when the money landed, they didn't buy planes but disbursed the money into various accounts.

This is what happens when someone unknown springs up from no where and establishes an airline those monies were probably from gej, mama peace or deizani

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!

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 not accused him of stealing from anyone.

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..

J111333:
It will be a surprise to see a wealthy businessman with no iota of fraud in him so I'm not really shocked.
I'm only mad that this is coming at a time he is being celebrated for his recent good deeds.
Well, crime is crime and he has to take responsibility for his misdeeds good man or not.
I hope and pray he is proved innocent of this crime though.

Even their president was accused of tax evasion and fraud during the campaign period. No wealthy business man is pure (100% clean) its a matter of doing some little digging. Im sure the guy is about to (or have) step on some yankee toes

Silly rookie error!

See how dem 1 use am shine?

Anyway, Allen should simply step down from his Chairmanship/CEO position and face the legal troubles squarely. Air Peace does not have to go down the sh*tter because of a Fed indictment/conviction. It may just be that his fight in the business world is over.

-Lord

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!

The money that flows from importer to the exporter through an LC agreement belongs 100% to the exporter. Any attempt to divert ANY of it is fraud for which both the importer and the exporter would be liable. What Onyema did here was use the name of one on his US LLCs as the exporter of the aircraft.

Almajiri1:

Knowing the nature of the non strategic government we have today, Our government might likely play ball with the yanks and throw the man and brand under the bus. American will always lookout for it's own regardless.

Airpeace is succeeding where Nigerian Airways failed. This is a national asset that must be protected at all cost.

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.

agabusta:


If he has nothing to hide, why go through a fraudulent means to get 20million dollars out of Nigeria??

Going to the extent of using fake documents to get the money out makes the money highly suspicious.

I trust the EFCC to do the needful and trace the actual source of those funds.

Are the efcc that intelligent? Were they supposed to wait for America to raise alarm before investigating anyone.

All igbos business men started as fraudsters not surprise

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.

franchasng:
This is what happened.

Onyema didn't steal America's money neither did he stole any money from America. He only used a false document to move his own money in Nigeria to his registered company account in the US.

The question should be, where did the money he moved from his Nigerian bank to US bank came from

Mind you, Onyema was among the real estate moguls that sold most lands in Banana Island, he sold over a hectare or more.

So $20million is a small money because Onyema sold close to 2 hectares of lands in Banana Island during the said time and 1 plot of land in Banana Island back then should be around $1million which is around 20 plots of land.

All he needs to do is get good attorneys, and provide clean evidence how the money came about and why he used fake documents of a non existent Aviation company in the US to receive money.

This is not BEC fraud.

His case is different

Onyema sold land in Banana Island? Funny guy.
Even Olu Okeowo the man with the most lands in Banana Island didn't claim to have gotten 20M Usd from selling lands in Banana Island.

See, this your foolish story up here would further nail Onyema. Forgery is an offence, presenting a forged document is another offence. Stop typing as if you didn't go to school.

linearity:


Not true.

No loan was involved, reread it again.

And the documents are only fake because the purchase of planes never occurred. Had it been the Atlanta based company ship them planes or are into the business of selling planes, these would have all been legit.

Put simply, they wanted to move his personal (no clue where he got the money, could have been legit or otherwise, but that is beside the point and the indictment is not alleging that he got it illegally) money from Nigeria to Country C, but for some reasons he is unable to do it. Maybe Country C have blacklisted transfers from Nigeria due to fraud.

So, they hatched a plan to move the money from Nigeria to the USA and from US to country C....but there is a problem, you can’t just transfer that kind of money into the US without a project tied to it, you have to categorically state the purpose and it has to be legit, otherwise it is money laundering.

Now, they have to come with a fiticious project/purpose for the transfer....luckily he owns various companies in Nigeria and a Company in Atlanta US, which is just a front. The Atlanta company raised invoices for the purchase of Airplanes, but they don’t sell Airplanes, and send the invoice to his Nigeria company.... the Nigeria company approached their bank for a Letter of Credit linked to monies already in their account and they send the letter of credit to the US company, which in turn prepare fake purchase documents, shipping documents etc and send it to them then they approach the Nigeria company to release the funds in their account to the account of the company in Atlanta US.

When the money lands the account in US, it is now a ‘clean’ money to be sent to country C.

Thanks for the detailed explanation. The original language was hard to understand.

I think its high time the Nigerian government starts fighting back against these Americans. 99 percent of their businesses in Nigeria operate under dodgy bribery, outright thievery and tax evading schemes and yet no ones dares talk to them or indict them. if we continue like this they will emasculate our businesses whilst promoting theirs..

This reminds me of the words of Franc Lucas. 'We all committed crimes and made lots of money in New York, But the FEDS allowed whites like Donald Trumps father to transfer the wealth to their children whilst they jailed the blacks and seized every damn thing they owned...

FIGHT BACK NIGERIA

He should have known better not to try that kind of stunt in America, there are people everywhere monitoring every huge financial transaction.

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

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.

franchasng:

He just need to provide evidence of the source of the $20million he moved from Nigeria to US. I hope its not linked to any Nigerian politician

ornicus:


With the industry the way it is, you will almost certainly go bankrupt buying brand new planes. None of them do, they only pretend to. I am sure the ceos of Dana etal must have been scratching their heads when air peace announced they were buying brand new planes. Or maybe laughing because they knew exactly what was up. People in the industry know the real operators and the posers

This has nothing to do with the issues at stake.

My concern for Airpeace ceo is that the Americans may throw him into jail and literally throw the keys away. After all, under their law they can claim the millions of dollars involved. Shikena, airpeace rest in peace.

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's case is different; Tinubu was involved in money laundering (wire wire fraud) and drug trafficking syndicate in the US. So they caught him and he forfeited the money for them and returned back to Nigeria.



Onyema's own is his money which he sent to US using false documents. Both are crimes but different crime committed; Tinubu involved in drug trafficking and wire wire whole Onyema involved in document forgery as alleged by the publication

Almajiri1:

This is far deeper than you think. Once Air Peace is positioning to be in direct competition with any American interest, Trust dirty to be dug up on you.

Which American interest? What do people like you take the US Department of Justice for? Don't you read that he forged documents to secure $20 million from USA bank, part of the fund used in acquiring five boeing in 2016? Why is the fund not returned three years later if the intention wasnt to steal?

What is it with all the fake companies and NGOs bank accounts opened yet used the money that came into them from oversea for the acquisition of aircraft for Air Peace?