Air Peace Chairman and CEO, Allen Onyema, has been charged in a superseding indictment with obstruction of justice for allegedly submitting false documents to impede an investigation into earlier bank fraud and money laundering charges.
This development, revealed by the U.S. Justice Department, also implicates Ejiroghene Eghagha, the airline’s Chief of Administration and Finance, in the obstruction scheme and the initial bank fraud case.
According to U.S. Attorney Ryan K. Buchanan, Onyema allegedly used his airline to commit fraud on the U.S. banking system and then attempted to derail the investigation. The Justice Department’s statement emphasizes that these charges are allegations, and Onyema and his co-defendant remain presumed innocent until proven guilty in court.
Federal agents, including those from the Drug Enforcement Administration (DEA) and the Internal Revenue Service, highlighted their commitment to pursuing those who exploit the financial system and obstruct justice.
They alleged that Onyema and his accomplices transferred over $44.9 million into U.S.-based accounts, with $20 million allegedly transferred through fraudulent letters of credit.
Despite the charges, Onyema has consistently denied any wrongdoing, maintaining his innocence. His legal team has also issued statements asserting that no banks suffered any losses in the case, and they remain confident in their client’s defense.
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