Truth234:


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?

Tinubu committed financial crime in the US and forfeited the money and ran back to Nigeria to hide, do you agree or not



Onyema didn't borrow money from any USA bank.


Do you know what Letter of Credit is


Or you need me to educate you more on that


Just last week, we raised an LC to a Chinese heavy duty manufacturing company in China for the procurement of some heavy duty equipment. So I know what LC is.


LC is not used to obtain loan.


How can Onyema, a Nigerian citizen obtain bank loan of that amount from a US bank without the necessary bank checks, do you think it is easy


The question people are even asking is, who are the donors to his NGOs in Nigeria? But I can tell you, he may have no donor but just using the NGOs to avoid heavy tax by Nigerian government.

ChoCho54:
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.

Not true. They didn't buy planes because the plane seller (an Onyema's company) in the export LC does not sell plane - making the LC a fraudulent document. So their intention was not to buy planes in the first place. Their intention was to move the money from Onyema's account in Nigeria to Onyema's account in the US. This is the FRAUD.

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.

Thank u so much, for breaking it down for my understanding. You have an intelligent mind. I am sending you a dm

SonofAdoke:
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�

No one can make millions upon millions multiplied by thousands without cutting corners. It's practically impossible today. Many get away with it, Airpeace ceo is among the unlucky ones and he will pay dearly for this one, because Americans want to project the image of zero-tolerance to corruption. Invictus Obi is said to be liable to something like 30 years in jail. All the prayer warriors may have to line behind Mr Onyeama to save him from the life imprisonment starring him in the face.

SalamRushdie:


What American interest is he in direct competition with? He buys only American planes

He did not buy USA planes this time around. He bought Canadians made planes lately. How could he launder money when the money is his and he had functioning company in air peace?

This can't be good. Just when I thought I'd found one Igbo man that could become our president in the future, he turns out to be another Atiku!!!!

udemzyudex:


This is exactly what I told one of my guy, if you want to make huge money ,you can't do it with a holy mindset.

You don't have to do rituals or carry gun. Some cheat on others just to make it.

Gbam!!! Infact gbamest!!!


Which is why I don't envy anyone with big this, big that, high this, high that. No one's hands are clean.

Let me be in y one room and sipping GS04 jejely. . Nothing ever equates the Peace of mind.

This Invictus or whatever he's called, has been singing like a canary since he was caught. Not saying it is related but...

Well... I'm patiently waiting for the outcome... He is still innocent

Nyamiri:


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!

Guy stop clutching at straws. There's no evidence that he misused funds. Moreover I've just confirmed he actually into real estate (tho he later stopped) and a host of other businesses.

For what it's worth , I don't know he from Adam, but I respect his personality.

This explains a lot

jjman2322:


Thanks bro for explaining what ive been saying.. Im sad as well, im an igbo guy and this hurts.. I was just trying to clear the air and explain what is going on because i spent my whole life in USA and have been a part of the system and know how it works well..

Not been to the US but knew all that from watching Billions

What is the meaning of this

flejnr2:
Well make them no go trace the money reach patience Jonathan account Biko! We all know Onyema has been a front for patience the real owner

please stop saying what you don't know ..

Joe Igbokwe right now.

YungMillionaire:


Not true. They didn't buy planes because the plane seller (an Onyema's company) in the export LC does not sell plane - making the LC a fraudulent document. So their intention was not to buy planes in the first place. Their intention was to move the money from Onyema's account in Nigeria to Onyema's account in the US. This is the FRAUD.

Yes that's what it is and that's what I'm saying too.

The guy I quoted was wondering how they were buying new planes and I meant to remind him the fraud committed is not about how they were buying new planes

jjman2322:


very possible.. could be the bank involved as well, maybe someone noticed the fraud and reported it..

Either way someone most likely reported this to the DOJ and they started looking into it.

The problem is that when you get indicted it means thousands of hours of work, and likely years have gone into your investigation..

Thats why EFCC cant win a case.. They will get a report and in 2 days go and arrest the guy . LOL.

in USA, they will get same report, and can spend years building up a tight case before going for the indictment.. Thats why they always win their cases.

Of course, yes. Their investigation have to be top notch cos if at the end, the person/persons being indicted without proper investigation turns out innocent, they could sue the DOJ for a lot of money. Imagine the millions of dollars they would lose if it happens in many cases as it is with our own EFCC?

Dedetwo:


He did not buy USA planes this time around. He bought Canadians made planes lately. How could he launder money when the money is his and he had functioning company in air peace?

Then why did he pretend that the money was for planes? Why did he prepare a fake export LC in which the exporter and importer are actually the same person (Onyema)? Why was Onyema's ATL company (the fake plane seller) manager's identity used fraudulently?

jayson87:
Nigerians. Y. In capital letters Y.

Hmmmmmm from Invictus now this

This investigation is too in a hurry and immature to conclude oynema has intent to defraud and scam any bank of its credit. Many businessmen do what onyema has done even dangote so I’m wondering what this noise here is about now.

Do people know how much dangote or otedola and other billionaire businessmen owe banks? because onyema sent the money abroad the us is assuming mischief. Lol


The Americans shud let the Nigerian banks worry about their credits pls. Our banking system is different here.

UdechiHD:
Something is not right about this news. The Americans are not clean on this. I want to believe the Americans are beginning to retaliate the yahoo scams our guys have been hitting them over the years.
I won't be surprised if they open more books on other Nigerians. We're in for a more suspense.
The government should begin to open the books of American corrupt oil company's here to.

the table u want nig govt to shake , it's not a good one oo. If the table break na we go hear am pass ooo

alezzy13:


Guy stop clutching at straws. There's no evidence that he misused funds. Moreover I've just confirmed he actually into real estate (tho he later stopped) and a host of other businesses.

For what it's worth , I don't know he from Adam, but I respect his personality.

You have no idea how much this Peace Air's matter is paining me. I like the man well. Those bastards in SA would be laughing at us now. However, that won't blind me from facts.

Did he forge documents or not?
Is forgery a criminal offence or not?

franchasng:
Tinubu committed financial crime in the US and forfeited the money and ran back to Nigeria to hide, do you agree or not



Onyema didn't borrow money from any USA bank.


Do you know what Letter of Credit is


Or you need me to educate you more on that


Just last week, we raised an LC to a Chinese heavy duty manufacturing company in China for the procurement of some heavy duty equipment. So I know what LC is.


LC is not used to obtain loan.


How can Onyema, a Nigerian citizen obtain bank loan of that amount from a US bank without the necessary bank checks, do you think it is easy


The question people are even asking is, who are the donors to his NGOs in Nigeria? But I can tell you, he may have no donor but just using the NGOs to avoid heavy tax by Nigerian government.

This is my last response to you, from US Department of Justice. However, "the supporting documents were fake — Springfield Aviation Company LLC, which is owned by Onyema and managed by a person with no connection to the aviation business, never owned the aircraft, and the company that allegedly drafted the appraisals did not exist. Eghagha allegedly participated in this scheme as well, directing the Springfield Aviation manager to sign and send false documents to banks and even using the manager’s identity to further the fraud. After Onyema received the money in the United States, he allegedly laundered over $16 million of the proceeds of the fraud by transferring it to other accounts," the DOJ stated.

Letter of credit should be from a bank to another, usually international. Onyema received the said $20 million in his bank account and quickly moved $16 million. It is fraud, DOJ is no joke.

Dedetwo:


He did not buy USA planes this time around. He bought Canadians made planes lately. How could he launder money when the money is his and he had functioning company in air peace?

Thats the problem. I don't think they are questioning if the money is his or not.

It seems in the US, If you claim to do "A" with the money especially when in millions, and you end up doing "B", it counts as fraud, even if the money is legitimately yours

He claimed he was going to buy planes in the US, but didn't do so.

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

Sure that some business men compromise at a point to keep their business from bankruptcy but apply tact and smart approach.

Good suggestion you brought up there. Stakeholders can't watch their money swim away except appointing someone but do you think they won't know about this shady deal? Just asking...

ornicus:


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.

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.

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?

because the Nigerian government is a beneficiary of the fraud itself

wilcox:


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.

If I remember clearly, some Halliburton excos went to jail in the US for bribing Nigerian officials. Nigeria did nothing to those that received the bribes.

alezzy13:


Guy stop clutching at straws. There's no evidence that he misused funds. Moreover I've just confirmed he actually into real estate (tho he later stopped) and a host of other businesses.

For what it's worth , I don't know he from Adam, but I respect his personality.

Having a good personality does not make you a saint. I know a man who physically abuse his wife for 20 good years. All those years everybody in the community knows this man as the most gentle, kindest, most generous member of the community. Everybody loved him. Don't be fooled by the face people show you. Some people have PhD in pretense.

He should just go and put WiFi in his village and, relocate there. He needs to step down as CEO, appoint one of his children if it’s not a front and, disappear into thin air.

I hope Nigeria finds a way to settle this because he’s actually doing ok for the aviation industry here. The only problem is if US dig a little deeper and uncover his backers. He may need to fall for this one to cover the real actors behind the mask.

jjman2322:


lol relax.. ive explained before, once you lie its fraud.. It doesnt matter if he stole the money or not, thats not what they are indicting him for.. Its irrelevant.. They're indicting him for basically lying and using fake companies to move money through USA = Automatic fraud with 20yr prison term... simple..

Franchasng should quit running around in circles. A simple age falsification has dire consequences in sane worlds talkless of money laundering.

Another issue why the crass rhetoric? On one hand you claim he's innocent until guilty, yet you make these kinds of statement:

Allen Onyema’s status as a wealthy businessman turned out to be a fraud. He corrupted the U.S. banking system, but his trail of deceit and trickery came to a skidding halt

Seriously??

jjman2322:


irrelevant in the eyes of the DOJ. Trust me im speaking from a place of great knowledge.

A crime committed is a crime committed.. he has been indicted. After his indictment there are three options ONLY LEFT:

1. Go to usa and go to court (he will lose, as the DOJ attorneys dont have to prove his money is clean or dirty.. All they have to prove is he lied which he did and the jury will convict on that)

2. Go to usa and plead guilty and get smalller jail time.

3. Fight extradition and become a fugitive and never leave Nigeria again.


Thats it!

It's ok pls, enough!

This is highly disappointing.