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
Headlines
‘Beer Parlour Fiction’: Fayose Gives Atiku 48Hrs to Disown Statement or He ‘Spills More Beans’
Former Ekiti State Governor Ayodele Fayose has given former Vice President Atiku Abubakar a 48-hour ultimatum to publicly disown a statement he claimed and thought was issued by his media aide, Paul Ibe, regarding a recent meeting in Minna, Niger State.
In a statement posted on his X account, Fayose expressed amusement at Ibe’s response to his earlier claims about the closed-door meeting involving Atiku, Oyo State Governor Seyi Makinde, and former military president General Ibrahim Babangida (IBB).
Fayose had previously alleged that the gathering involved discussions on political alignments, including Makinde’s interest in a vice-presidential slot on the African Democratic Congress (ADC) platform for the 2027 elections, reportedly tied to financial commitments.
Fayose stated that he assumes Atiku did not authorize Ibe’s rebuttal, which dismissed his account as fabricated. “However, because of my respect for Atiku, I will want to assume that he did not authorise the press statement and I will expect that after seeing it, he will within 48 hours, cause a rebuttal to be issued on it,” Fayose wrote.
He warned that failure to disown the statement would leave him no choice but to disclose additional details from the Minna meeting.
“Should Atiku not publicly disown the statement within the next 48 hours, I will have no option but to spill more beans, the facilitators and executioners of the Minna meeting, particularly what was said about Wike, and by then, I will be doing so without any atom of respect for him,” Fayose added.
The development follows Fayose’s initial post detailing what he described as the “untold story” of the Minna encounter, which Atiku’s camp has rejected as “beer parlour fiction,” “reckless fabrication,” and baseless gossip. Atiku’s team, including aides like Phrank Shaibu and Paul Ibe, has denied any negotiations over vice-presidential tickets, financial contributions, or related deals, insisting no such discussions occurred.
Paul Ibe has since fired back at Fayose, mocking the ultimatum and questioning its basis, with reports indicating he described the 48-hour demand as excessively long and implying Fayose’s claims lack substance.
The exchange highlights ongoing tensions within Nigeria’s opposition political circles ahead of the 2027 general elections, as figures like Atiku, Makinde, and others navigate potential alliances and party switches. Fayose’s threat to reveal more, including alleged comments about former Rivers State Governor Nyesom Wike has intensified speculation about behind-the-scenes maneuvers.
Meanwhile, the said article by Amb Phrank Shauibu, and Paul Iba as Fayose erroneously assumed.
Former Kaduna State Governor, Nasir El-Rufai, has accused the National Security Adviser (NSA), Nuhu Ribadu, of masterminding an attempt by security agencies to whisk him away at the Nnamdi Azikiwe International Airport in Abuja on Thursday.
He made this known on Thursday night when former Vice President Atiku Abubakar paid him a solidarity visit at his residence.
While recounting his ordeal, he said that shortly after he returned from a trip to Cairo, Egypt, operatives of the Department of State Services (DSS), working with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), confronted him at the airport and tried to take him into custody.
He added that he initially thought the DSS officers were working with the Economic and Financial Crimes Commission (EFCC), only to later realise it was the ICPC.
“It turned out that it’s the ICPC that procured the DSS to abduct me and hand me over to them. The ICPC has never invited me.
“We now understand that it’s the ICPC, not the EFCC, that’s responsible for what happened today, and the ICPC chairman is acting on the direct orders of Nuhu Ribadu,” El-Rufai said.
Responding, Atiku expressed sympathy for the former governor and stressed the need for political unity ahead of the next general election.
He noted that opposition forces must organise themselves to challenge President Bola Tinubu in 2027.
“We must come together and form a very viable opposition because Tinubu is determined to turn Nigeria into a one-party state,” Atiku said.
Turkish Super Lig club, Galatasaray, have slapped an €80 million release clause on Victor Osimhen amid interest from Spanish giants Barcelona, Soccernet.ng reports.
Osimhen has been one of the most prolific strikers in the world over the last four years. In fact, he only recently scored his 200th career goal.
Since his permanent move to Galatasaray, he has been the club’s poster boy due to his impressive performances. This season, he has contributed 15 goals and one assist in 21 appearances across all competitions for the Cimbom.
The Nigerian international has been particularly vital in the UEFA Champions League, where he has already netted six goals.
His performances have not gone unnoticed, however, as several top clubs continue to keep tabs on him.
The 27-year-old only joined Galatasaray last summer for a Turkish transfer record fee of €75 million, but many clubs in Europe’s top five leagues would fancy having him as their leading man.
Now, according to a report by Turkish outlet Haberlisin, Spanish giants Barcelona are plotting a move for Osimhen.
Why Barcelona want Osimhen
Barcelona’s current top striker is Robert Lewandowski, and the club is looking to move on from the veteran, who will turn 38 in August.
With second-choice striker Ferran Torres not considered a reliable long-term option, the Catalans are searching for a proper talisman to lead their line.
According to Haberlisin, Barcelona have made Osimhen a major target and are willing to go all out for him in the summer.
However, Galatasaray won’t let him leave for cheap. Having paid €75 million for his services just seven months ago, they will want to maximize their return on the transfer. Consequently, they have slapped a hefty €80 million price tag on the Super Eagles star.
Although they are one of the biggest clubs in the world, Barcelona might struggle to meet this valuation due to their ongoing financial troubles. However, over the last three years, they have managed to pull off several big-money deals.
For Osimhen, even though he loves life at Galatasaray and earns a Turkish-record salary, he likely still has eyes on playing in one of Europe’s top five leagues.
It remains to be seen how hard the Spanish giants will push to get this transfer over the line and whether Osimhen will be willing to go.
