Air Peace CEO, Allen Onyema, Faces New Charges for Obstruction of Justice in Ongoing US Fraud Investigation

To facilitate this, Onyema and Eghagha allegedly used fake export letters of credit to move $20 million into Onyema’s accounts, pretending to purchase Boeing 737 aircraft from Springfield Aviation Company LLC, a business owned by Onyema ¹.

Upon learning of the investigation in May 2019, Onyema and Eghagha attempted to obstruct justice by submitting false documents, including a backdated contract, to unfreeze Onyema’s bank accounts ¹.

The charges include:

•⁠  ⁠Obstruction of Justice: Onyema and Eghagha allegedly submitted false documents to hinder the investigation.

•⁠  ⁠Bank Fraud: Onyema and Eghagha allegedly used fake letters of credit to transfer millions into Onyema’s accounts.

•⁠  ⁠Money Laundering: Onyema allegedly laundered over $16 million of the proceeds.

•⁠  ⁠Conspiracy to Commit Bank Fraud: Onyema and Eghagha allegedly worked together to commit bank fraud.

•⁠  ⁠Aggravated Identity Theft: Eghagha allegedly used someone else’s identity to further the fraud.

Onyema and Eghagha face multiple counts, including 27 counts of money laundering and one count of conspiracy to obstruct justice ¹. The case is ongoing, and the defendants are presumed innocent until proven guilty.