A U.S. court has issued an arrest warrant for Allen Onyema, the CEO of Air Peace, along with Ejiroghene Eghagha, the airline’s Chief of Administration and Finance, on charges of bank fraud and money laundering. The allegations date back to between 2010 and 2018, during which they are accused of transferring over $20 million through false documents related to aircraft purchases. Onyema allegedly used his status to defraud financial institutions, creating fictitious companies to support the scheme.
The U.S. Department of Justice indicated that funds from at least three bank accounts linked to Onyema and Eghagha have been seized. While the exact details regarding extradition have not been confirmed, both individuals are reportedly willing to contest their innocence in court.
