US accuses Allen Onyema of obstruction of justice in amended ‘money laundering’ charge

Oct. 13, 2024 - TheCable

Allen Onyema, chief executive officer (CEO) of Air Peace, has been charged by the US for alleged obstruction of justice. Onyema and Eghagha have been under investigation for alleged money laundering since 2019.

Advertisement“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 $20 million 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 and were supported by documents such as purchase agreements, bills of sale, and appraisals.

“The documents purported to show that Air Peace was purchasing the aircraft from Springfield Aviation Company LLC, a business registered in Georgia...