BREAKING! Alleged Bank Fraud/Money Laundering: Air Peace CEO Allen Onyema’s Company Dissolved In U.S.

U.S. government fingered the company in 2019 as one of the firms allegedly used by the CEO and Chairman of Air Peace, Allen Onyema, to perpetrate bank fraud and money laundering.

Authorities in the U.S. state of Georgia have dissolved Springfield Aviation Company LLC allegedly used for bank fraud and money laundering by the CEO and Chairman of Air Peace, Allen Onyema.

The company, incorporated and based in Georgia State, is said to have been deficient in filing its annual registration, after the U.S. Department of Justice filed charges against its principals, including Mr Onyema in 2019.

Owned and controlled by Mr Onyema, Springfield Aviation Company LLC was formed on April 4, 2016, as a domestic limited liability company to carry on any legitimate business, documents seen by our source.

But on November 22, 2019, the U.S. Department of Justice announced the charging of Mr Onyema, accusing him of moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of aeroplanes.

Mr Onyema was charged alongside Air Peace Limited’s Head of Administration and Finance, Ejiroghene Eghagha.

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They both face 36 charges of conspiracy, bank fraud, aggravated identity theft, money laundering, and credit application fraud in connection with the $20million scheme.

One of the companies used in committing the alleged offences is Springfield Aviation LLC, prosecutors said.

“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 U.S. Attorney’s Office in the Northern District of Georgia said in a November 22, 2019 statement announcing the indictment of the two suspects.

“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.

“However, the supporting documents were fake — 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.”

Firm’s dissolution

However, since the charges were filed, nothing has been heard of the progress in the case and Mr Onyema is not known to have visited the U.S. ever since.

Bob Page, the public affairs officer for the U.S. Attorney’s Office in the Northern District of Georgia, declined comments when our source contacted him for updates on the case.