Make this Guy no run down Mama peace business oh!
He should be replaced ASAP this is not a good news.

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..

kikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikikikikikikikiiiikiikiiiikikikikikikikiki it is their blood

Nyamiri:


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.

I'm not aware of the banana island sales, but from his biography I read, most of the money he made was from the peace initiatives he established, especially during the peak of the ND crisis. Allen was actually already very wealthy before venturing into aviation.

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.

exactly my point of view.

jlinkd78:
Still charges as at now. He is still innocent until proven otherwise by a competent court of law

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

plaindealer:








I was rooting for this man and his airline, but why go down this path especially in America where paper trail, laws and regulations are enforced by their institutions.

Banks by law must report such transactions to the IRS hence the involvement of the IRS Criminal investigation division.

The fact that you get away with such acts in Nigeria doesn't mean it's equally possible in the US.

This is just too sad and unfortunate.

What was he thinking? You can not get away with this kind of open and brazen criminal act, a very dumb criminal act in fact.

It may be a dumb criminal act but trust they have been doing it and getting away with it for long with the active collaboration of US officials. Only that Americans will surely get you if they really want.

wristbangle:
Felt so bad reading this news. This will further dent the image of well meaning Nigerians. I don't want to conclude yet about this issue because 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 in this country will be happy hearing from this news. More business for them and upward price review

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

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.

thank you for confirming it's his airline that helped evacuate persecuted NGs from SA. I was perplexed. Like WTF is going on

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

ChoCho54:
This has nothing to do with the issues at stake.

When you are in a tough industry with shrinking margins, and everyone else is shedding, laying off workers and one of you says we are buying brand new planes , you will have to wonder. The number of passengers has not increased. Passengers will not fly a more expensive airline when cheaper ones are available.

If I see my competition making noise about investments that are not backed by actual business opportunities, eg a direct contract to fly shell personnel or some such, I will wonder exactly what is going on.

bluecircle470:


Then go ahead and erase onyeama own from the internet.

are you happy he is been indicted??

alezzy13:

I'm not aware of the banana island sales, but from his biography I read, most of the money he made was from the peace initiatives he established, especially during the peak of the ND crisis. Allen was actually already very wealthy before venturing into aviation.

He made money from the peace initiatives in The ND. Making money from charity?
Do you understand the import of what you are saying?

You guys are nailing this guy more o!

Almajiri1:
It would interest you to know the depth of fraud perpetrated by American oil and gas companies in Nigeria. Why can't our government grow some balls and open their books?

does the govt not benefit from the fraud?then how can they grow some balls to do what is right.thief no dey catch thief,the relationship between Nigerian govt and these foreign entities is mutually beneficial to the both of them at the detriment of the citizenry

Those that could forecast knew it was a time bomb waiting to happen the moment he showed his benevolence and relevance by doing what FG couldn't do.

Who has read the 48 laws of power?

Never outshine the master.

Almajiri1:
It would interest you to know the depth of fraud perpetrated by American oil and gas companies in Nigeria. Why can't our government grow some balls and open their books?

The likes of MOBIL, HALIBURTON and co from tax evasion to money laundry yet our so call leaders will seat and watch America always claiming saint.

There must be a conspiracy somewhere, I feel bad for this news about him, sincerely hope its false

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..

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.

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.

You are among the people that didn't get the information.


He did not use fake document to obtain credit from US bank or any bank.


Letter of Credit is a legal paper used in international trade transactions involving import and export issued from the importer's bank in his country to his exporting company's bank to guarantee that he has the said amount in his bank account to enable the exporter ship the goods to him in his country and on receipt of the goods in his country, his bank will release the fund to the exporting company's foreign bank account.


So Onyema used false documents to enable him have a justified reason of sending huge amount of money from his bank accounts in Nigeria to his registered company bank account in the US which he later distributed to other accounts maybe for purchase purposes.


So US government issue with is, why forge a document that you own an aviation company that sell aeroplane in USA just to enable you transfer huge amount from your bank account in Nigeria to another account owned by you in US That is his crime

When Americans perceive that maybe you are doing too well,they begin opening books and doing serious investigations.In fact they will start investigating you from the moment you were in your mother's womb
Don't try to play smart in Yankee

franchasng:
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

Stop saying what you don't know. Tinubu had money laundering issue that was resolved many years ago before wire fraud became prominent. Nothing like wire fraud, check on DOJ.

Onyema didn't just falsify documents, he actually secured $20 million fraudulently from US banks using the identity of a supposed manager that had no knowledge of aviation industry to sign them and pushed them through banks. The manager is an American and already talking.

This fund was secured in 2016 and up until now, three years later, it has not been returned. Why if not fraud?

tammie24:
but your country let them get away with it
Who do you blame?

Bros forget, Gaddafi tried it, no way. Venezuela the same thing. If nigeria tries it .....! US and the other big western countrues are ready to do anything to protect their interest especially energy sources.

franchasng:
$20million isn't much for Onyema to have back then.


All he needs to do is provide evidence of how he came about the $20million he wired from his company in Nigeria to his non existent Aviation company in the US.


What triggered this investigation is the nature of his business, which made them start investigation how the business came into existence, the owners and how they acquired their first of aeroplanes to kick off.

During that investigation, they discovered that the first purchase of the airline's aeroplane came through a shady money wired into the US.

For people who don't know what Letter of Credit is, let me explain.


It is not a letter to obtain a loan from bank. It is a financial document from bank, used for international trade; import and export.

If you a Nigerian want to import say catapillars from US worth like $10million. You cannot transfer the money directly to the Catapillar exporting company in USA. You will need to approach your bank to raise a Letter of Purchase showing that you have at leat $10million+ in your bank account in Nigeria, which your bank will send to the Catapillar company in the US to assure them that they can instruct their client; the Catapillar exporting company in US to ship the Catapillar you are buying from them to Nigeria.

Once you confirm receipt of the Catapillar in Nigeria, your Nigerian bank will then release the money in your account to the Catapillar company's bank in the US.


Now, what Onyema did was to use his registered company in the US to act as an aeroplane trading company that sell planes to people, so he raised a Letter of Credit from his Nigerian company bank accounts to his US registered company to sell and ship aeroplanes to his Nigerian company, this is to enable him move the said $20million into his US company bank account.


But during US governments investigation, they discovered that the said US company that sold aeroplanes to him does not deal on aeroplane and did not ship any aeroplane to his Nigerian company as stated in the letter of credit, instead the money was moved to maybe outside US to purchase aeroplane from another country or something, which triggered fraudulent bank activities on his record, hence the investigation.


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

Your last paragraph made it look so simple. Springfield is a phony company. The man can go to jail for this. Which Kain wahala be this?

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.

Yes that's what I suspected too. He was trying to avoid paying huge tax on the money since its coming from a charity organization account.


They hear that American billionaires move money around the world using NGOs without paying tax, they didn't even find out how, they just dived in, this is the aftermath, and very shameful, a big lawyer like Onyema for that

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 .

Hizzy:
This is the out come of being IGBO he would've answered ALIYU or MOHAMMED but his parents named him Igbo name but as he has grown he would've named him self Aboki name

What is. the meaning of this?No sane Nigerian will be happy with no this news
But we must remain objective.

Is this the best APC can do?

jjman2322:
Let me explain how USA laws work and what this means for Onyeama. I will also expalain what will happen next and what his options are. Read all through.. Ive lived in USA whole life.


1. Ok, so first of all, faking any kind of documents including fake LC and giving it to any USA bank is called bank fraud which is 20 years in prison(unless maybe you plead guilty and get lesser time)

2. US DOJ/FBI have a conviction rate of damn near 99% because they will only indict you when there's enough evidence for a jury of your peers to convinct you. They do thorough research and indict you with enough supporting documents that you dont want to go to trial and lose, you rather plead guilty and get maybe 5 years instead of 20.

3. Bank Fraud i believe is 20 years if you go to trial, Money laundering should vbe same.

4. This isnt Nigeria EFCC. People need to stop saying he didn't commit a crime. He committed a crime in the USA. The moment you LIE on any loan documents, bank documents, etc, its fraud..

5. Theres a reason people can get a 30 year mortgage in USA for a house at under 4% without collateral. There's a reason you can go to USA and buy a $50,000 car and finance it at 5% for 7 years as an 18 year old without colleteral. Guess what the reason is? USA protects their banking system like a baby. If you apply for a loan and lie on any part of the loan, it becomes bank fraud automatically.

6. The DOJ will seek to extradite him to USA to face trial. Its what they do for all indicments.

7. Onyeama will not want to face trial, as there is a 99% chance he will be found guilty as I earlier mentioned. He will also not want to take a plea bargain as that will mean jail time of some sort.. USA imprisons the top rich/most powerful people.. They dont care.

8. The attorneys who work for DOJ and USA arent corrupt. They dont care who you are. Their only job is to protect american interests and they swore to serve the USA. Governors, Mayors, Rich powerful men, have all gone to jail in USA.

9. If Onyeama fights the extradition and refuses to come to USA, they will flag him as a wanted fugitive, which means he will basically not want to ever leave Nigeria as the USA govt will grab him from any other country he goes to.

10. USA govt has a lot of pull, they have collected wanted people from so many other countries while in transit.. Every country yields to them.

11. Finally, lets see what will happen. Nobody escapes from a DOJ indictment.. Lets see what Nigeria govt does when it comes to the extradition..

Bad days ahead.. Sad day for Air peace

OMG! Very sad!

Ishilove:
Naptu2

I saw it at 1am (before it got to the home page).

jjman2322:


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.

what's in there for you in this case. Mr Allen is a good man and this a Hallmark of a great man. This too will soon pass. I have gone through ur posts in this thread. Watch ur jealousy before it will destroy u.

The truth hurts Nigerian are ruthless and cruel mudafacker