Allen Onyeama, Air Peace Chief Executive Officer (CEO) has recently been charged with a million-dollar fraud allegation. First reported in 2019, this legal dispute has since given rise to more charges of money laundering, conspiracy, and obstructing justice.
In addition, Ejiroghene Eghagha, the Chief Financial Officer (CFO) of Air Peace, has an arrest order issued by the U.S. court for her suspected involvement in the fraud alongside Allen Onyeama.
Allen Onyeama has been charged by the US government with obtaining more than $20 million in funds via the use of forged documents, essentially to buy aircraft for Air Peace through his US-based business, Springfield Aviation LLC.
Springfield Aviation never owned or sold any aircraft, according to the prosecution, and the paperwork they used to obtain these monies was falsified.
Through a series of intricate financial transfers, Onyeama was able to launder millions of dollars by diverting funds into accounts he controlled situated in the United States.
In this case, Onyeama was accused of using export letters of credit to deceive banks to obtain aircraft for Air Peace between 2016 and 2018.
The jets referenced in the letters never existed, according to US officials, and the entire deal was a ruse to launder money via Onyeama’s US business, Springfield Aviation.
As per the scam, Onyeama allegedly transferred over $20 million into many accounts located throughout the United States…
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All of the allegations have been denied by Allen Onyeama, who maintains that his transactions were legal and went via the Central Bank of Nigeria.
He promises to clear his name in court and insists that the American government’s case is based on miscommunications.
According to the press release from the U.S. Department of Justice, 27 counts of money laundering as well as additional counts of wire fraud, bank fraud, and aggravated identity theft are included in the Air peace CEO indictment.