Headlines
US Govt Indicts Air Peace CEO in Bank Fraud, Money Laundering
The United States Department of Justice, on Friday, charged the Chairman and Chief Executive Officer of Air Peace, Mr Allen Onyema, with bank fraud and money laundering for moving more than $20m from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes.
In a statement, the government said the airline’s Chief of Administration and Finance, Ejiroghene Eghagha, had also been charged with bank fraud and committing aggravated identity theft in connection with the scheme.
“Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” US Attorney Byung Pak, was quoted to have said.
“We will diligently protect the integrity of our banking system from being corrupted by criminals, even when they disguise themselves in a cloak of international business,” he added.
According Pak, the indictment, and other information presented in court, beginning in 2010, Onyema began travelling frequently to Atlanta, where he opened several personal and business bank accounts. Between 2010 and 2018, over $44.9m was allegedly transferred into his Atlanta-based accounts from foreign sources.
“Beginning in approximately May 2016, Onyema, together with Eghagha, allegedly used a series of export letters of credit to cause banks to transfer more than $20m into Atlanta-based bank accounts controlled by Onyema. The letters of credit were purportedly to fund the purchase of five separate Boeing 737 passenger planes by Air Peace. The letters were supported by documents such as purchase agreements, bills of sale, and appraisals proving that Air Peace was purchasing the aircraft from Springfield Aviation Company LLC, a business registered in Georgia,” the statement read in part.
It stated that however, the supporting documents were fake as 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,” it added.
Onyema however denied the allegations, describing them as false.
In a statement, Onyema said, “I confirm to you that all allegations are false and are in no way in line with my character as a person and as a business man whose only aim has been to build Nigeria and improve wellbeing.
“As the press statement clearly stated, these are indictment that only contains charges. I am innocent of all charges and the US government will find no dirt on me because I have never conducted business with any illegalities.”
Onyema said his lawyers had taken over the case.
“I never laundered money in my life, neither have I committed bank fraud anywhere in the world. Every Kobo I transferred to the US for aircraft purchase went through the Central Bank of Nigeria LC regime and all were used for the same purpose. The American companies that received the funds are still in business. I never took a penny from any US bank or Nigerian bank. I am willing to defend my innocence in the US courts,” Onyema said.
The Punch
Former Vice President, Atiku Abubakar has expressed deep shock and sadness over the killing of Brigadier General Musa Uba by terrorists.
This was released through his official X page on Monday.
Criticizing the military hierarchy for failing to provide a clear explanation of the incident, he noted that initial official statements had reportedly denied the circumstances surrounding the general’s death.
He further described the tragedy as “unequivocally a failure of political leadership.”
Atiku accused President Bola Tinubu of prioritizing political battles over his responsibilities as Commander-in-Chief of the Armed Forces.
He called Gen. Musa’s death, along with those of the troops under his command, “one death too many” and warned of the dangers of a resurgent terrorist threat.
He as well urged citizens and military personnel to remain resilient, saying, “Even this season shall pass away.”
In addition, he also directed a pointed message to the President, stating that the security of Nigerians is the government’s foremost responsibility.
“You must live up to it or be humble enough to admit incompetence and either ask for help or resign,” he added.
He suggested that, if he were President, he would order the military to occupy Borno State or any other areas under siege by bandits or armed groups until they are cleared, emphasizing the need to protect those risking their lives for national security.
He extended his condolences to the Nigerian Armed Forces, the family of the deceased, and all Nigerians, expressing hope that the nation would soon overcome this dark period.
The Super Eagles’ 2026 World Cup dream suffered a major blow on Sunday as DR Congo advanced to the intercontinental playoff following a dramatic penalty shootout at the Prince Moulay Abdellah Stadium in Rabat.
Nigeria’s hopes of qualifying ended in heartbreaking fashion, marking the second consecutive year the Super Eagles will miss out on the world stage.
The match ended 1–1 after 120 minutes of regulation and extra time, sending the high-stakes encounter to penalties.
Nigeria initially went ahead through Frank Onyeka in the third minute, but DR Congo equalised in the 32nd minute through M. Elia.
The tension continued into the penalty shootout.
Nigeria’s Calvin Bassey and Moses Simon missed early chances, while Nwabali denied DR Congo’s first penalty.
Akor Adams kept the Super Eagles alive, but DR Congo struck back through Sadique and later scored the decisive fourth penalty, leaving Nigeria trailing 4–3 in the shootout.
The victory sets up DR Congo for a chance to secure one of the final World Cup tickets to the expanded 48-team tournament in the United States, Canada, and Mexico.
Nigeria’s defeat marked the second consecutive year the Super Eagles will miss out on the world stage.
Both teams had earned their places in the final after dramatic semi-finals.
Nigeria had booked their place in the final with a dramatic 4–1 extra-time win over Gabon in Thursday’s semi-final at the Moulay El Hassan Stadium.
DR Congo also advanced with a 1–0 victory over Cameroon at the Al Barid Stadium the same evening.
The Leopards now await their intercontinental playoff opponent, keeping alive their hopes of reaching the 2026 World Cup, while the Super Eagles’ campaign comes to an agonising end in Rabat.
The Peoples Democratic Party (PDP) has expelled Minister of the Federal Capital Territory (FCT) Nyesom Wike, its suspended National Secretary, Samuel Anyanwu, and former Governor of Ekiti State, Ayo Fayose.
Their expulsion was announced on Saturday at the party’s National Convention in Ibadan, Oyo State.
