₦airaland Forum

ALPHABASE:
I THINK HE SHOULD TAKE THE NEXT AVAILABLE FLIGHT TO USA. HE SHOULD LEAD BY EXAMPLE.

MEANWHILE WHEN IS TINUBU AND BURUJI KASHAM GOING TO VISIT THAT LOVELY COUNTRY

Hahaha
They are busy

jjman2322:
yup.. 100%. sadly enough all USD wires through SWIFT system have to go to NYC for clearing. So USA knows and has record of every single USD denominated wire sent in the world.. Crazy stuff.

Unless you want to start wiring YEN and EURO but world business is done in USD.

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?

BleedTears:
Hahaha can you mention names please so we all can learn.

Again please can you tell me which of the prison/jail JP Morgan is for his $1.3B ship load of Cocaine. I need go pay him visit in prison

The actress that was jailed for bribing her daughter’s way into college is Lori Loughlin. She’s one of the 50 people charged. She paid $500,000

You only show that a ship with cocaine load belong to JPMorgan. Why can’t you show us proof that the cocaine belong to JPMorgan. Do you know more than the authorities that did not find him guilty of drug trafficking? If JPMorgan ship is hired to ship one thing only for the the people that hire it to use it for another motive. How does that make the owner of the ship guilty? So because I have a fleet of cars for hire has made me responsible for whatever the cars are made to transport?
The same news says JPMorgan does not control the operation of the ship.

https://www.cnn.com/2019/07/10/business/jpmorgan-msc-gayane-cocaine-seizure/index.html

Kenturkey048:
this is the basic reason for anti social media bill...saying what you don't know....

Antisocial media bill is meant to stifle free much and dissenting voices.

IFezki96:
o BOI see epistle it be like say it pain you...Oga no vex...

Ok.

alpontif:
So, news recently carried it that the celebrated founder of Air peace, Mr Oscar Onyema has been Indicted by the USDOJ on charges of Money laundering.

Mr onyema reportedly created fictitious transactions, backed by fictitious documents between a US registered company he Controls and a set of Nigerian Entities he also happens to control (including two NGOs).

Based on evidence accumulated by the DEA, IRS CI, and USDOJ, charges were bought, and it appears our favourite airline CEO will be extradited.

I will address this crisis form two points.

The Business process Strategy and governance point, and from the Geopolitical policy point of view.

Nigerian businessmen, especially those who happened into sudden wealth, do not know how to build companies based on world class corporate governance strategies. They are micro managers who have to do everything by themselves, and will neither employ talent, nor pay for appropriate talent to help them do the needful. This is why end up getting into problem when they try to carry out intricate financial transactions using methods that seem smart to them but which they will have been advised against assuming they had the right people working for them. Instead of employing Finance Transactions and Compliance experts, Tax advisors, Money Management teams built on world class standards, they will rather go to the average guy working in a Nigerian bank, a fake "banker" who will then craft solutions that will be flagged by every AML fuzzy logic on the market.

The monies will go through, but foreign law enforcement will keep piling up evidence to use against them.

This is a Mistake Dangote will never make, and it is part of the reason he has succeeded so spectacularly, follow the rules, employ professionals, let them do it.

Oscar didn't steal money, heck, he worked for it, but by trying to play the system, he has destroyed what he has worked for for so many years and may even go to prison.

But what he is trying to do, is actually accepted practice all over the world, had he consulted McKinsey or PWC, they would have crafted a strategy for him. Apple avoided paying Taxes by parking most of their cash in Ireland, all the top five hundred companies in the world do the same thing, USDOJ has not dealt with them because they did it using loopholes in the system, that is the mistake oscar made, he did not consult the professionals, he was doing it himself, and because the funds were going through, he thought he was getting away with it....that is his biggest mistake.

On a Geopolitical policy basis, this crises must be strictly viewed as a National Security Matter, foreign authorities must not be allowed to destroyed a major Nigerian company and employer of labour based on offences that are very trivial and victimless compared to the atrocities American companies commit in Countries such as Nigeria. The Nigerian government must see this as a foreign policy matter and must make use of diplomatic channels to "die" this matter. The implications are dire, apart from unemployment issues, Nigeria will be losing on potential tax revenues from one of the Country's biggest Airline operators, if its allowed to be destroyed by a Foreing company on the excuse of its principal breaking their laws, laws that American companies break at will all over the world. We must also look at it from the view that Airpeace is a growing airline, which in coming years may be used as a soft power tool of Nigerian foreing policy, as such it must be treated as too big to fail, and supported all through.

If the Americans fail to "die" the matter, the Nigerian Ministry of Justice, FIRS, EFCC and SSS should as a matter of national security examine the practices of Western Companies with activities in Nigeria, including General Electric, Delta Airline, Chevron and Schlumberger and make their directors personally liable for all wrongdoing discovered, while also releasing press releases indicating them of Fraud.

In a proper Country with a foreign policy, this is what will happen.

Thanks sir for this lecture.

An amazing and a matured piece..

[quote author=happney65 post=84286159]The fact is there is no how you will be extremely rich and your hands are clean..No how..Never Ever..That is the secret of the world..Go ask Donald J Trump,Go ask all of them..Go ask the Catholic church..

The world itself is built on Fraud!

cc Bitmapstudios have you seen this?[/quote

] why didn't you go ask Jeff of Amazon,Mark of FB or Bill of Microsoft?

Abeg Shift jor and dont allow that mentality clutter your thinking and good judgement. P

jjman2322:
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."

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

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.

This is Nigeria. His Extradition will not be honoured because he is a big man honoured by the Nigerian Senate

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?

Times have changed bro,we're living in a digital era,those guys would be in jail now if it was today that they were doing what you said that they were doing.

Xbee007:
You're actually the small minded one here, it's ironic you can't see it.

Bumpkin, direct your mention(s) to your lunatic parents. I don't join issue with a nobody.

jjman2322:
Im an igbo guy, and Im not defending him at all. In fact i've explained fully how the dude has serious problems... so dont call us Igbos pathetic..

Good afternoon sir (from Nigeria), i really salute your dogednees and intelligent inputs on this thread, you're one of few Nigerians that think rationally.
Honestly, you're an inspiration to me and henceforth I will be looking forward to your post on nairaland.

God bless you sir.

LordKO:
.

I am not surprised with your post at all, you've only proven me right.

LordKO:
Before you quote me again, tell me your US address. Everyone is trying so hard to sound woke. SMH. DOJ only has near perfect conviction rate on "pronounced" cases. SPV-related cases are exception. Believe you me, you know little to nothing about the US legal and business frameworks. I don't always like to dialog with anyone who believes in the infallibility of the US establishments, because such a person hardly sees things from rational viewpoint.

The DOJ hardly wins SPV-related cases. The only thing that may nail Dr. Allen is the structural composition of the SPV, but I don't see that happening if the information available is to be relied upon.

Once more, I don't hold brief for Dr. Allen.

� some of you are funny! You are mentioning SPV as though you were privy to the arrangement. Even in an SPV, the SPV does not assume certain claims, capacities, and status that will render its operations actionable. Abeg calm down.

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

fyneguy:
� some of you are funny! You are mentioning SPV as though you were privy to the arrangement. Even in an SPV, the SPV does not assume certain claims, capacities, and status that will render its operations actionable. Abeg calm down.

Anyone with sound knowledge of PFF, PPP and SA will understand why he shouldn't be crucified because of mere SPV indictment until he's convicted by a court of competent jurisdiction. Indictment isn't conviction. Provided that this case remains SPV-related, his chances of emerging victorious in the end is very high, citing the information available so far.

Anyway, it's always a herculean task to make any proponent of "US establishments are infallible" to see business and legal matters from a rational viewpoint, because it's just like trying to make a fanatic religious proponent to understand that organized religion is an object of subjugation.

I don't join issue with anyone, least of all inconsequential people. You and your ilk should direct your mentions elsewhere. This forum has the largest congregation of conceited numbskulls in the world. Bumpkins.

Once more, I don't hold brief for Dr. Allen.

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.”"

.

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

reply your pm .I need to learn from you

einsteine:
Buruji Kashamu has not been extradited.

Besides, the Nigerian government cannot unilaterally decide to extradite someone. It is the decision of a competent court.

Given his level of affluence, he should be able to arrange with a court to not be extradited.

Of course, he would be unable to travel to the US for now

Not just the US. He won't be able to travel to any meaningful country with the exception of maybe Russia.

This argument that everyone does this does not make sense. If everyone defrauded Nigeria for personal greed, by creating jobs where people are paid peanuts, by laundering forex that should be used for the needs of the poor, working class and creating middle class; it is fine because Amazon, Apple, Texaco, General Motors etc. do the same by hiding money where they pay least tax.

True, but look at how many middle-class jobs they create in each country, look at how much they pay in taxes in each country even where they pay little tax. And when they are caught how much fines and jail time they pay.

At the end of they day their wealth come back into their countries for infrastructure, schools, research, tax heaven as long as they give to charity.

In Nigeria, they take most of their money out! Foreign companies called partners help them take it out as Foreign Portfolio Investors.

Nigerians must stop crying about what about others doing the same. Fraud is fraud regardless of race or ethnicity.

Our billionaires are obsessed with storing riches outside and flaunting crumbs as "gifted", 17 Rose Royce for their harems like the king of Swaziland.

Africans please think and stop justifying exchanging gold for mirrors like your forefathers, like Mansa Kanka Musa or Queen of Sheba in the 20 century.

unbitchable:
Do me a favor, do a head count of your people in the same state whose destiny are equally been mortgaged and many more packed in buses heading for the same state.

Excuse me? What's "strong" with you? Are you from Lagos? Who is? Is it thieffnubu or osunbande? Lagos remains a no man's land not minding that some powerful idiots are taking royalties from it. Lagos was former capital built with the collective wealth of all Nigerians. Everyone came from somewhere to hustle. I have seen countless yoruba women selling stuff in the scorching sun with a two month old baby in her laps. The hustle is real. She won't sweat that much if she remained in her village, therefore she won't make much money cos it's a village. Omo gbagbee, Igbos have taken over Lagos and that's simply why you are pained! But you go dey ok. I purposely didn't paragraph this post to punish your mumuness.

googi:
This argument that everyone does this does not make sense. If everyone defrauded Nigeria for personal greed, by creating jobs where people are paid peanuts, by laundering forex that should be used for the needs of the poor, working class and creating middle class; it is fine because Amazon, Apple, Texaco, General Motors etc. do the same by hiding money where they pay least tax.

True, but look at how many middle-class jobs they create in each country, look at how much they pay in taxes in each country even where they pay little tax. And when they are caught how much fines and jail time they pay.

At the end of they day their wealth come back into their countries for infrastructure, schools, research, tax heaven as long as they give to charity.

In Nigeria, they take most of their money out! Foreign companies called partners help them take it out as Foreign Portfolio Investors.

Nigerians must stop crying about what about others doing the same. Fraud is fraud regardless of race or ethnicity.

Our billionaires are obsessed with storing riches outside and flaunting crumbs as "gifted", 17 Rose Royce for their harems like the king of Swaziland.

Africans please think and stop justifying exchanging gold for mirrors like your forefathers, like Mansa Kanka Musa or Queen of Sheba in the 20 century.

My point exactly. It seems Africa is under some sort of curse or maybe it's just low IQ generally. I was reading somewhere about the last deputy Senate President having lots of million dollar houses scattered across the US. Who knows how many he has in Dubai and London?That is just one person out of several others. Ill gotten wealth laundered out of the country. Imagine what this amount would do the economy of Nigeria in terms of job creation.

EgunMogaji2:
Expect paid sympathetic trolls to fill this thread and Nairaland to try to change the conversation.

They’ll use the following excuses:

1) He’s Igbo and being picked on

2) Everybody does fraud

And this the only thing bordering you this hot afternoon?

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.

The wisest comment on this thread. This is Huawei playing out. Imagine the speed Allen is ordering jets almost every 3 months.

I know you are a business man to understand this. I have been watching the rise of Allen Onyema, from operating local routes to flying juicy international routes, USA, UK, Dubai routes.

And you expect them to keep watching him rise infinitesimally. Mba

SalamRushdie:
Oga do you know international aviation and Bilateral Air Transport Agreement works at all?

You can't just go into any route you like to grab pie , every country has it's allocation of numbers of flight it's airlines can fly into another country and how much the country reciprocates . It's not a Lagos bus route ooo

If you know who knows somebody, oga, you can operate any route.

So Allen has the strings. They are trying to silence the guy like Huawei. It's pure business. I was reading to see the real fraud like Allen stole from any bank.

Nothing like that, just useless allegations. Like, how should he have $40m or $20m ?

Nonsense.

Naughtysite:
If you know who knows somebody, oga, you can operate any route.

So Allen has the strings. They are trying to silence the guy like Huawei. It's pure business. I was reading to see the real fraud like Allen stole from any bank.

Nothing like that, just useless allegations. Like, how should he have $40m or $20m ?

Nonsense.

You still dont even understand the charge ..they are not asking why he should have 20 million afterall they gave him permission to bring it in , they are saying why did he launder the money instead of using it for what he wanted

Almajiri1:
Nigerians are already dragging the man and his brand on twitter. America will always look after it's own. Why can't we?

Our people are hate filled and illiterate.

What do you expect ?

SalamRushdie:
You still dont even understand the charge ..they are not asking why he should have 20 million afterall they gave him permission to bring it in , they are saying why did he launder the money instead of using it for what he wanted

Ok, whether he brought the money by 3 Bullion vans or helicopter, US approved it and should not cry.

It is Allen's money and he didn't defraud any bank.

Please can US be sued for HATE SPEECH ?
Where are Nigerian senators sef ?

Seriously, the allegations are not WEIGHTY..

ChoCho54:
Excuse me? What's "strong" with you? Are you from Lagos? Who is? Is it thieffnubu or osunbande? Lagos remains a no man's land not minding that some powerful idiots are taking royalties from it. Lagos was former capital built with the collective wealth of all Nigerians. Everyone came from somewhere to hustle. I have seen countless yoruba women selling stuff in the scorching sun with a two month old baby in her laps. The hustle is real. She won't sweat that much if she remained in her village, therefore she won't make much money cos it's a village. Omo gbagbee, Igbos have taken over Lagos and that's simply why you are pained! But you go dey ok. I purposely didn't paragraph this post to punish your mumuness.

Do me a favor and take a head count of the number of dead bodies being dropped back to the southeast for burial on the daily.

EgunMogaji2:
Local man will not name names until the kasala bust but I don’t do Lagos, only Ibadan.

I see what they’re doing and the assumed expense. That and the lack of sales does not agree.

When it walks like a duck, quacks like a duck.....

Oh l see, more dodgy and kulikuli business guymen from Nigeria will be flogged with koboko laden with chilly pepper by Donald Olusegun Ibrahim Eze Trump, Nigeria seems to be on the US radar now

unbitchable:
Do me a favor and take a head count of the number of dead bodies being dropped back to the southeast for burial on the daily.

No! Let's take a position at Atan cemetery and do the head count instead. So because Igbos take their dead back to their ancestral lands means only Igbos are dying in this harsh economy occassioned by the slowpokes who have ruled and continue to rule.

They just want to frustrate the man