sonnie10:
He got himself into this. His mouth put him in trouble. In one interview he had a couple of months back, he claimed that he is the head of those NGOs which are named in this indictment. He was saying that to debunk the allegation that he flew the SA guys back because there are igbos.
By doing that he confirmed that he is the owner of the NGO. Now he also floated another company in US, obviously in his name too.
So it’s easy to connect the dots and see that something is wrong somewhere in the transfer.
How could he transfer from his NGO in Nigeria to his Airline company in US? These two organizations are not in the same line of business, questions must be asked.
But the big question is, who are those financing/ donating to that NGO in Nigeria?

As in, a big lawyer like him.


He could have done lots of things differently.


And I said it sometime ago here, NGOs are money making outfits for some big goons all over the world, including Americans.


NGOs are what American billionaires and co use to evade tax and launder money too, but Onyema didn't do his well as a black monkey he is

They keep fronting businesses amd use them for money laudering.

Otedola own is coming...keep worshiping them and their kids on social media while they use this country to play Ludo.

jjman2322:


Thanks bro for explaining what ive been saying.. Im sad as well, im an igbo guy and this hurts.. I was just trying to clear the air and explain what is going on because i spent my whole life in USA and have been a part of the system and know how it works well..

Your explanation was succinct! One of the best breakdowns in this thread.

I'm Igbo too and I feel sad reading this. It begins to make you wonder, how many truly legit business men do we have out there? I work in FinTech - IMTO, and can tell you that sending money out of Nigeria to any country in the world, as long as that money is routed through USA banks and source of funds is Nigeria, you are immediately on the radar of authorities.

Siberry:
They keep fronting businesses amd use them for money laudering.

Otedola own is coming...keep worshiping them and their kids on social media while they use this country to play Ludo.

Aliko is the biggest of them. He will use his connection to government to secure FOREX (US $) from CBN at CBN rate, and then he will move the money out of Nigeria and use it to run businesses in other African countries and even return some back and change to get billions of Naira. They call it $ round tripping fraud, but Dangote does this for decades now and get away with it because most Nigerian government use him as front, he is a lucky chap, all his financial frauds are within Nigeria and Africa, he didn't enter US, he would have been bursted since

franchasng:
Aliko is the biggest of them. He will use his connection to government to secure FOREX (US $) from CBN at CBN rate, and then he will move the money out of Nigeria and use it to run businesses in other African countries and even return some back and change to get billions of Naira. They call it $ round tripping fraud, but Dangote does this for decades now and get away with it because most Nigerian government use him as front, he is a lucky chap, all his financial frauds are within Nigeria and Africa, he didn't enter US, he would have been bursted since

Sir/madam

Your posts are misleading and sound like beer parlor talks.

sonnie10:
He got himself into this. His mouth put him in trouble. In one interview he had a couple of months back, he claimed that he is the head of those NGOs which are named in this indictment. He was saying that to debunk the allegation that he flew the SA guys back because there are igbos.
By doing that he confirmed that he is the owner of the NGO. Now he also floated another company in US, obviously in his name too.
So it’s easy to connect the dots and see that something is wrong somewhere in the transfer.
How could he transfer from his NGO in Nigeria to his Airline company in US? These two organizations are not in the same line of business, questions must be asked.
But the big question is, who are those financing/ donating to that NGO in Nigeria?

good POV... who are those donating to the NGO?

and does he have the right to use the fund to buy asset to the name of his other companies other than his NGO

gnykelly:


in the event he is being charged and forfeiture made...what will become of the airline... cos is a source of employment to people back home

Honestly from what i think and read(read the whole indictment), AIR PEACE as company is not being indicted.. Any issues air peace may have will be from EFCC, etc who will want to know where funds came from..

But USA GOVT doesnt care about his airline. All the DOJ attorneys did was see a man named Onyeama who committed a crime in their country, and they indicted him for those crimes.. simple... only problem is USA DOJ is arguably the best prosecution arm in the WORLD.

Ive seen them get convictions of people who LIVE ABROAD and commit crimes ABROAD, and yet somehow they come to USA to face prison time. USA I hail..

philip0906:

Sir/madam

Your posts are misleading and sound like beer parlor talks.

if you aren't aware of Dangote's FOREX fraud and use of government to monopolize certain business sectors to himself and stiffle other competing businesses then you know nothing about him.



Do you know how many time Lafarge Cement at Ewekoro Ogun state have been sold due to financial crises resulting from Dangote's business a politics

As event unfolds, we shall know his "real dealings" before he detoured into air operations as recently as 2013 as a front for money laundering. The institutions involved in this case are cracks with a knack for due diligence. fingers crossed.

philip0906:

Your explanation was succinct! One of the best breakdowns in this thread.

I'm Igbo too and I feel sad reading this. It begins to make you wonder, how many truly legit business men do we have out there? I work in FinTech - IMTO, and can tell you that sending money out of Nigeria to any country in the world, as long as that money is routed through USA banks and source of funds is Nigeria, you are immediately on the radar of authorities.

yup.. 100%. sadly enough all USD wires through SWIFT system have to go to NYC for clearing. So USA knows and has record of every single USD denominated wire sent in the world.. Crazy stuff.

Unless you want to start wiring YEN and EURO but world business is done in USD.

My question - "is there genuine legal money anywhere?!"

jjman2322:
Let me explain how USA laws work and what this means for Onyeama. I will also expalain what will happen next and what his options are. Read all through.. Ive lived in USA whole life.


1. Ok, so first of all, faking any kind of documents including fake LC and giving it to any USA bank is called bank fraud which is 20 years in prison(unless maybe you plead guilty and get lesser time)

2. US DOJ/FBI have a conviction rate of damn near 99% because they will only indict you when there's enough evidence for a jury of your peers to convinct you. They do thorough research and indict you with enough supporting documents that you dont want to go to trial and lose, you rather plead guilty and get maybe 5 years instead of 20.

3. Bank Fraud i believe is 20 years if you go to trial, Money laundering should vbe same.

4. This isnt Nigeria EFCC. People need to stop saying he didn't commit a crime. He committed a crime in the USA. The moment you LIE on any loan documents, bank documents, etc, its fraud..

5. Theres a reason people can get a 30 year mortgage in USA for a house at under 4% without collateral. There's a reason you can go to USA and buy a $50,000 car and finance it at 5% for 7 years as an 18 year old without colleteral. Guess what the reason is? USA protects their banking system like a baby. If you apply for a loan and lie on any part of the loan, it becomes bank fraud automatically.

6. The DOJ will seek to extradite him to USA to face trial. Its what they do for all indicments.

7. Onyeama will not want to face trial, as there is a 99% chance he will be found guilty as I earlier mentioned. He will also not want to take a plea bargain as that will mean jail time of some sort.. USA imprisons the top rich/most powerful people.. They dont care.

8. The attorneys who work for DOJ and USA arent corrupt. They dont care who you are. Their only job is to protect american interests and they swore to serve the USA. Governors, Mayors, Rich powerful men, have all gone to jail in USA.

9. If Onyeama fights the extradition and refuses to come to USA, they will flag him as a wanted fugitive, which means he will basically not want to ever leave Nigeria as the USA govt will grab him from any other country he goes to.

10. USA govt has a lot of pull, they have collected wanted people from so many other countries while in transit.. Every country yields to them.

11. Finally, lets see what will happen. Nobody escapes from a DOJ indictment.. Lets see what Nigeria govt does when it comes to the extradition..

Bad days ahead.. Sad day for Air peace

Not every country yields to them though...what about Russia?

Is it that these tribesmen are incapable of doing genuine business?

It's because WE ARE IBOS!!!!!!!

franchasng:
if you aren't aware of Dangote's FOREX fraud and use of government to monopolize certain business sectors to himself and stiffle other competing businesses then you know nothing about him.



Do you know how many time Lafarge Cement at Ewekoro Ogun state have been sold due to financial crises resulting from Dangote's business a politics

But this has absolutely nothing, to do with FRAUD. What you're talking about, is simply Business.

We're talking about lying, misleading authorities, falsifying documents, illegal source of funds etc...all these are classified as fraud, which is what this thread is about and what no one can pin to Dangote, yet.

Enjoying government monopoly/patronage or getting tax breaks etc is part of business at the level Dangote is playing.

Siberry:


Not every country yields to them though...what about Russia?

Yup.. One of the only countries i see not extraditing its citizens. LOL but onyeama isnt a russian?

But my point is valid, Countries yield to USA. Even EFCC is sending its citizens indicted by FBI to USA to serve prison sentences.

But basically Canada, Mexico, Australia, all of europe basically, will bend over to the USA. Thats 95% of the world.

The report or whatever looks a lot light and not credible.

Except they are not stating all the facts or have other information they are withholding. The DEA doesn't fuc..kk around but this is nothing jare based on the brief report I have seen. Feels like a report arranged by a 12 year old.

Nothing solid was stated in this report abeggi. No actual dates, no specific months in those years. No bank names, nothing concrete except the fact that he moved money from an account he owned to another aviation company that was fronting for him and received credit notes. I guess we should all stop making a judgement until we have details or he his actually prosecuted.

When I hear this guy buys new airplanes, I will just be like;-" hmmm, where is all this money coming from?"
Nobody knew this guy before o.
All of a sudden, he is now a billionaire??

Almajiri1:

American businessmen and politicians commit far worse than you could ever imagine.

Anybody found wanting in America will be penalized.

Shocking. This is the same man who was celebrated in the media as a philanthropist after he evacuated Nigerians free of charge with his airline from South Africa.

philip0906:

But this has absolutely nothing, to do with FRAUD. What you're talking about, is simply Business.

We're talking about lying, misleading authorities, falsifying documents, illegal source of funds etc...all these are classified as fraud, which is what this thread is about and what no one can pin to Dangote, yet.

Enjoying government monopoly/patronage or getting tax breaks etc is part of business at the level Dangote is playing.

Round tripping is a big fraud case, its just Dangote is lucky to come from Hausa-Fulani tribe.


Also, tax evasion which Dangote is guilty of is a big crime all over the world. I can list lots of his crime here but let's not derail the thread.


Dangote is not clean, he is just fortunate to have come from a well connected political family in the north.

onegig:
The report or whatever looks a lot light and not credible.

Except they are not stating facts or have other information they are withholding m The DEA doesn't fuc..kk around but this is nothing jare.Feels like a report arranged by a 12 year old.

Nothing solid was stated in this report abeggi. No actual dates, no specific months in those years. No bank names, nothing concrete except the fact that he moved money from an account he owned to another aviation company that was fronting for him.

Go read the indictment bro.. what are you talking about.


"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. 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."

I dont know about Nigeria, but in USA he committed a crime, and they will get a conviction. They have enough evidence trust me.. This is the DOJ not EFCC

bluecircle470:


Anybody found wanting in America will be penalized.

Not true. Did you or have you heard how many grave criminal accusations against President Donald Trump before he became US President


He did tax fraud, used illegal migrants as workers without paying tax, he obtained loan using false documents, and lots more, yet he is the US President today with even many more accusation.


Israeli Prime Minister Benjamin Nathanyahu just got indicted in fraud yesterday.


So leave matter

D wont

Almajiri1:
It would interest you to know the depth of fraud perpetrated by American oil and gas companies in Nigeria. Why can't our government grow some balls and open their books?

Almajiri1:

There is no conspiracy in saying that America no holy pass.

Of course dem no holy pass. However, the Airpeace boss should have followed due process in those financial dealings. This is not good news for his image at all.

philip0906:

What exactly are you saying? Lol

They have explained to you clearly that it is fraud, forget all the semantics... You're still arguing?

That is a dude with an almost first in mechanical engineering who brags everyday about his companies and working experience with multinationals but who cannot day exactly what he does. Take him seriously at your own peril.

franchasng:
Not true. Did you or have you heard how many grave criminal accusations against President Donald Trump before he became US President


He did tax fraud, used illegal migrants as workers without paying tax, he obtained loan using false documents, and lots more, yet he is the US President today with even many more accusation.


Israeli Prime Minister Benjamin Nathanyahu just got indicted in fraud yesterday.


So leave matter

Trump may have done shady things, but shady doesnt mean illegal.. Trust me.. Show me his tax fraud? Also there are tons of illegal migrants working and USA does not actively prosecute business owners as they can just claim they didnt know.

There is a big difference between being shady and committing a crime.. Its called having smart lawyers, and trump has plenty of those..

if he outright committed an indictable crime he would be in prison long before he had a chance to be USA president.

Problem now is he is the president, and there is no protocol for indicting a sitting president! Only impeachment is possible.

Almajiri1:

I am not chilling Bro. Only if you know the amount of dent this puts on Airpeace quest to grab international destinations. This is very deliberate Bro.

Which International destination?

Why couldn't they oppress Turkish Air?

jjman2322:


Trump may have done shady things, but shady doesnt mean illegal.. Trust me.. Show me his tax fraud? Also there are tons of illegal migrants working and USA does not actively prosecute business owners as they can just claim they didnt know.

There is a big difference between being shady and committing a crime.. Its called having smart lawyers, and trump has plenty of those..

if he outright committed an indictable crime he would be in prison long before he had a chance to be USA president.

Not all criminals get prosecuted and jailed in US, some get away with their crime, especially white criminals, you can take this bank

America wahala too much