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US Govt Indicts Air Peace CEO in Bank Fraud, Money Laundering
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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
Jude Bellingham scored a dramatic extra-time winner as England overcame an unfortunate Norway to reach the semi-finals of the 2026 World Cup.
Bellingham slid home the winning goal in the first half of extra time after a second Norway goal was ruled out by the VAR for an Erling Haaland foul.
Andreas Schjelderup had given Norway the lead, but Bellingham equalised with a brilliant finish — although England were fortunate the goal stood after the ball struck the Spidercam during the build-up.
England rode their luck at times but will now face either Switzerland or old rivals Argentina as they seek to reach the World Cup final for the first time since 1966.
New York Times
Oyo State Governor Seyi Makinde has expressed relief and joy over the release of the abducted schoolchildren and teachers in Oriire Local Government Area.
“It is such a big relief for all of us. Right now, I am overjoyed and can hardly say much,” the governor told Channels Television.
President Bola Tinubu has also expressed delight over the successful rescue of abducted children and teachers, commending the military, the DSS, and the Nigeria Police Force for ending their 56-day captivity.
The President said the security operation led to the arrest of eight suspected abductors while several others were neutralised, describing the outcome as a major relief for the victims, their families and the nation.
In a statement issued on Friday by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu praised the security agencies for what he described as their tireless efforts in securing the victims’ release.
He also sympathised with the children, teachers and their families over the trauma they endured during the prolonged ordeal
The President further commended the Oyo State Government for its cooperation with the Federal Government throughout the rescue operation and urged the state to strengthen security around schools to prevent similar incidents.
President Tinubu also directed emergency response agencies to work with the Oyo State Government to provide the rescued children and teachers with all necessary medical care and relief support as they recover from the ordeal.
The schoolchildren and teachers kidnapped by suspected bandits in Oriire Local Government Area of Oyo State have been rescued after about 56 days in captivity.
According to a statement by presidential spokesperson, Bayo Onanuga, the victims were freed through the efforts of security agencies.
“Finally, all the kidnapped pupils and teachers in Oriire, Oyo State, have been rescued by our security agencies,” Onanuga said.
He disclosed that eight members of the kidnapping gang were arrested during the rescue operation and are now in the custody of the Department of State Services (DSS).
Onanuga said the rescue operation did not involve any exchange or concession to the kidnappers, noting that a notorious gang leader whose release had been demanded by the abductors remains in custody and is being prosecuted for his alleged crimes.
He added that security agencies would provide a full account of the operation soon.
“In the course of the rescue operation, eight of the kidnappers were arrested and are now in DSS custody, while some of them were neutralised. There was no quid pro quo in the rescue, as one of the terrorists, a kingpin whose release was demanded by the kidnappers, is being prosecuted for his atrocities. The security agencies will give full account soon,” he added.
In a video shared alongside the statement, a woman believed to be one of the rescued teachers was seen thanking President Bola Tinubu for securing their release. The schoolchildren were also seen eating biscuits and joining the teacher in chanting, “Thank you, sir,” at the end of her remarks.
“Hello sir, our father, we are grateful. Mr President, sir, we are grateful. We understand your commitment to our safety and we appreciate all you did for us. We could see your hand in this. Thank you very much. Every security operative tried so much, and that is why we are still alive today. We are very grateful to you. Thank you very much,” the teacher said.
