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Air Peace CEO, Allen Onyema denies fraud, money laundering allegations by the US2 minutes read

All allegations are false and are in no way in line with my character as a person and as a businessman – Allen Onyema

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Air Peace CEO, Allen Onyema denies fraud, money laundering allegations by US

Chief Executive Officer of Air Peace, a Nigerian air carrier, Allen Onyema, has denied allegations that he laundered more than $20 million from Nigeria through United States bank accounts, a claim credited to the US Department of Justice.

The US Department of Justice on Friday charged Onyema and Ejiroghene Eghagha, the airline’s finance director in Atlanta, Georgia, for using front firms and NGOs for money laundering.

According to the Justice Department, Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud.

In a statement issued by his lawyer, Mr. Onyema claimed that all allegations are false and do not reflect his personality as a business owner.

I never laundered money in my life, neither have I committed bank fraud anywhere in the world. Every kobo I transferred to the U.S. for aircraft purchases went through the Central Bank of Nigeria and all were used for the same purpose.

Onyema’s Attorneys have a released a public statement saying:

“On behalf of Allen Onyema, we hereby state that he strongly denies and will vigorously defend himself against the allegations made against him by the US Attorney in Atlanta, Georgia, in relation to purchase of aircraft, aircraft spares and aircraft maintenance”, the statement said.

None of the allegations involve any third party funds but relate to his funds utilized in the airline business. There is no allegation that any bank (in the United States, Nigeria or elsewhere), company or individual suffered any financial or any loss whatsoever.

The allegations are unfounded and strange to him. Allen Onyema has a track record built on honesty and integrity and will take all necessary steps to clear his good name and hard-earned reputation. He looks forward to an opportunity to rebut these allegations in Court.

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PRESS STATEMENT FROM AIR PEACE

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Uganda approves return of over 2,500 nationals stranded abroad

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Over 2,500 Ugandan nationals stranded abroad amid the Covid-19 pandemic can now return home as approved by the Ugandan cabinet.

The cabinet on Monday, agreed that Ugandan nationals trapped in 66 countries can return home at their own cost.

The government is making arrangements with the UN World Food Program (WFP) to fly the stranded citizens home, Judith Nabakooba, the country’s minister for information, communication technology and national guidance says, adding that all the returning citizens will have to undergo a 14-day mandatory institutional quarantine. 

President Yoweri Museveni last month, directed Prime Minister Ruhakana Rugunda to study the possibility of evacuating dozens of citizens stranded abroad amid Covid-19 pandemic travel restrictions. 

To contain the spread of Covid-19, the country on March 22 suspended all incoming flights, except cargo flights. 

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Border closure hurts Tanzania’s horticultural exports

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A border closure between Tanzania and Kenya has hit Dar es Salaam’s horticulture sector due to long delays at the crossing for fresh produce truckers, resulting in a disruption of the supply chain.

Horticulture is one of Tanzania’s economic pillars.

This past week, Tanzania Horticulture Association (TAHA) Chief Executive, Jacqueline Mkindi asked the governments of Tanzania and Kenya to resolve the border issue for the sake of an already struggling exports industry.

Most of Tanzania’s horticulture produce is exported through Kenya’s Jomo Kenyatta International Airport (JKIA). “If this tug of war continues, we’ll be the first to suffer as we still rely on JKIA and the port in Mombasa to export crops whose routes are not open from Tanzania,” Mkindi adds. “Our government has all along been considerate to horticulture. We advise it to embark on economic negotiations with Kenya to allow cargo to continue crossing borders smoothly.”

After an international aviation halt, the TAHA signed a deal with Ethiopian Airlines.

Despite the deal with Ethiopian Airlines to ferry fresh vegetables, fruits, herbs and flowers to global markets from Kilimanjaro International Airport, the airline has still not been granted long-term landing permits.

Currently, TAHA has to apply for a landing warrant for every incoming flight at routine airport charges and has to attach backup documents each time.

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Ethiopia to divest 40% of Ethio Telecom

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The Ethiopian government is finalizing plans to sell a 40 percent stake in Ethio Telecom- the country’s sole telecommunication provider . The plan was announced by Ethiopia’s State Minister of Finance, Eyob Tekalign Tolina.

Ethiopia’s telecommunication industry is considered one of the last closed markets. It has been one of the government’s plans to liberalize the country’s economy launched by Prime Minister Abiy Ahmed. Ethio Telecom has a large market serving a population of around 110 million.

The government will retain ownership of the remaining 60 percent.

Foreign firms in the telecom sector will be invited to bid and a percentage of the minority stake will be sold to Ethiopian citizens. South Africa’s MTN and Kenya’s Safaricom have shown interest in expanding into Ethiopia in the past.

Ethiopia’s communications regulator says the country would proceed with the privatisation of the telecommunications sector despite the novel coronavirus outbreak.

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