The United States Department of Justice has indicted the Air Peace Airlines chief executive officer, Allen Onyema, in multi-million dollar bank fraud and money laundering.
The US authorities, in a statement on Friday, said Onyema moved more than $20 million from Nigeria through US bank accounts in a scheme involving “false documents” for the purchase of airplanes.
He was indicted alongside Ejiroghene Eghagha, the airline’s chief of administration and finance, who is said to have committed “aggravated identity theft” in connection with the scheme.
The Air Peace CEO allegedly issued several fraudulent letters of credit to American banks and was said to have initiated wire transfers to the tune of $44.9 million within eight years.
Onyema has since denied the allegation, describing it as unfounded and strange. In a statement issued through his lawyers on Saturday, he, however, declared he is ready to clear his name.
Below is the 36-page indictment. See details: