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All Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsState elections: The Plateau and Rivers flavours, By Ahmed Aminu-Ramatu YusufAll Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsState elections: The Plateau and Rivers flavours, By Ahmed Aminu-Ramatu Yusuf
“After allegedly using his airline company as a cover to commit fraud on the United States’ banking system, Onyema, along with his co-defendant, allegedly committed additional crimes of fraud in a failed attempt to derail the government’s investigation of his conduct,” the statement quoted US Attorney Ryan K. Buchanan.
It added that: “Our legal team is fully engaged with the matter and is working tirelessly to ensure that justice prevails. We remain confident that, through due process, the truth will be revealed, and our CEO and co-defendant will be exonerated.” American authorities obtained court warrants for the arrest of the two men in the US and Canada, where part of the suspected proceeds of fraud were said to have been moved.
Mr Onyema and his co-defendant, Mr Eghagha, allegedly organised the fraud by applying for export letters of credit to transfer funds from a Nigerian bank account to the bank account of Mr Onyema’s Atlanta-Georgia-based firm, Springfield Aviation LLC, between 2016 and 2017. They said the defendants made false statements and reports, and willfully overvalued property to influence the actions of the American banks.
They alleged that Mr Onyema founded and used Springfield Aviation “to facilitate large transfers of funds from his Nigerian bank accounts to the United States.”
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