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Air Peace CEO, Allen Onyema’s Company Dissolved In U.S.

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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.

…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 Chairman/CEO 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.

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.

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 causing 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 purported 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.”

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 contacted for updates on the case.

But this newspaper has now obtained information that Springfield Aviation, the U.S. company Mr Onyema used in making the problematic transactions, has now been dissolved.

On October 22, 2020 letter to the company the Secretary of State and the Corporation Commissioner of the State of Georgia informed the firm that it had been dissolved.

“I, Brad Raffensperger, the Secretary of State and the Corporation Commissioner of the State of Georgia, hereby certify under the seal of my office that Springfield Aviation Company, LLC a Domestic Limited Liability Company was mailed a notice in accordance with Title 14 of the Official Code of Georgia Annotated and was involuntarily or administratively dissolved or its certificate of authority revoked by the Office of Secretary of State on 10/22/2020 for failure to file its annual registration and/or failure to maintain a registered agent or registered office in this state,” the document, tiled Certificate of Administrative Dissolution/Revocation, read.

“This certificate is issued pursuant to Title 14 of the Official Code of Georgia Annotated and is prima-facie evidence of the existence or nonexistence of the facts stated herein.”

BusinessEcho learnt that Springfield Aviation LLC (with Control Number 16035630) became deficient in filing its annual registration following the indictment of its principals in 2019.

Mr Onyema has kept away from the U.S. while the company’s only staffer, based in Georgia, was also charged with conspiracy to commit bank fraud.

The firm’s long-term registration agent, Roy Hadley, E. Jr., of Atlanta, also appeared to have cut off links with the embattled corporation.

He did not respond to an August 7, 2020 correspondence from the Georgian Secretary of State informing him of the state’s intention to dissolve Springfield Aviation and requesting him to show cause why that should not be done.

Findings showed that Springfield Aviation LLC is one of Mr. Allen Onyema’s four overseas business entities.

The others are Springfield Aviation Company Inc., registered in Canada on August 22, 2018 (with incorporation number 1095798-4), Bluestream Aero Services Inc., also formed in Canada on August 22, 2018 (with incorporation number 1095801-8) and Air Peace Limited (Johannesburg) founded on December 9, 2020 (with identification number K2020918092).Advertisements

At least $10.4 million of the $14.3 million seized from Mr Onyema in the case are held by the Bank of Montreal, Canada, by the two Canadian-registered firms. While $5,634,842.04 is held in the name of Bluestream Aero Services Inc., the sum of $4,593,842.05 is said to be held in the name of Springfield Aviation Inc.

The balance of the funds – $4,017,852.51 – is held by JP Morgan Chase Bank in the name of Springfield Aviation Company, LLC, Mr Onyema’s U.S.-based entity that has now been dissolved.

Air Peace Spokesman, head of public affairs, Stanley Olisa, said he knows nothing about the dissolution of Springfield Aviation Company, LLC.

“I am not aware of that, I will not be able to comment.” When asked about the status of the previous indictment, Mr Olisa said: “The case is in the public domain, there are reports on it, so that is it.”

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

…Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills, and information to thrive and succeed in the world of work – Uwadoka

Olushola Okunlade Writes 

Alliance for Youth Nigeria equips youth across the country for employment

Over 200 fresh graduates across Nigeria have received employability skills training facilitated by the Alliance for Youth Nigeria. The training comprised Building Winning Resumes, Career Positioning, Personal Brand Marketing, Personal Effectiveness, Time
Management, and Starting the Career Journey among others.

In addition, the best performers will benefit from internship and mentoring opportunities in the six companies that form part of the Alliance. At the end of the training, some participants of the training also had the unique opportunity of partaking in job interviews and placements, progressing on their career journeys.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Left-Right: Mrs. Omomene Odike, CEO, U-Connect Human Resources Limited Edidiong Peters, Public Affairs Specialist, Nestlé Nigeria PLC Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC; Second Row Left-Right: Oyinlola Lawal, Youth Engagement Analyst, Jobberman Nigeria Damilola Odubanjo, Learning, and Development Associate, Jobberman Nigeria Olugbenga Alabi, Category and Marketing Manager, Coffee, Nestlé Nigeria PLC Uche Aso, Head, Learning and Development, U-Connect Human Resources Limited Lanre Coleman, Head, Recruitment and Outsourcing, U-Connect Human Resources Limited.
Alliance For Youth Nigeria Equips Youth Across The Country For Employment

Launched in August 2021, the Alliance is a business-driven movement of organizations passionate about working together to help young people around the country get the necessary skills to thrive in the world of work. Members of the Alliance for Youth Nigeria include Nestlé Nigeria, Jobberman Nigeria, Sterling One Foundation, Big Bottling Company, the United Nations Global Compact Network Nigeria, and U-Connect HR Limited, with Lagos State Employment Trust Fund and Activate Success International as partner organizations.

The member and partner organizations have positioned themselves to invest in joint and individual projects to give young Nigerians meaningful work experience, internships, readiness-for-work training, and mentoring opportunities in line with the United Nations Sustainable Development Goal 8 – to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all by 2030.

The employability skills training is one of the projects of the Alliance designed to meet the target of reaching more than 250,000 young Nigerians with employability and entrepreneurial skills to enable them to secure gainful employment or set up businesses of their own within 3 years. This objective, which was announced during the launch of the Alliance, is in line with their commitment to work together to address the challenges of youth unemployment in the country with the associated social and economic impact.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Tosin Babasanya-Craig, Country Manager, Performance Fact Inc. facilitating one of the Alliance for Youth Nigeria sessions to equip youth across the country for employment.

Speaking at the opening session of the training, Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC said, “I am delighted that yet again, the Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills and information to thrive and succeed in the world of work. At Nestlé, we believe that society cannot thrive if we fail to offer a future for the young generations. The Alliance will continue to work together with other stakeholders in line with the United Nations Sustainable Development Goal 8 in fulfilling the huge target we
have committed to and I encourage young people around the country to take advantage of the available opportunities”.

Also speaking at the training, Mrs. Omomene Odike, CEO U-Connect Human Resources Limited, congratulated the youth for their interest and dedication to achieving their career and business goals demonstrated by their participation in the training. She further highlighted the value-adding opportunity of job interviews and placements provided by her organization for participants of the training, urging them to take maximum advantage of the offer.

According to Innih Ikhide, Youth Engagement, and Learning Manager Jobberman Nigeria, “Jobberman is dedicated to creating increased pathways for young people to access dignified livelihoods for a better Nigeria”.

For Naomi Nwokolo, Executive Director, United Nations Global Compact Network Nigeria, “The active engagement of youth in sustainable development efforts is central to achieving sustainable, inclusive, and stable societies by the year 2030, and averting the worst threats and challenges to sustainable development, including the impacts of unemployment. The beneficiaries of the training have shown a willingness to improve their skills and attain professional development and are now more equipped for successful participation in job recruitment processes”.

On behalf of other participants, Adasa Okandiji, commended the member companies for the excellent upskilling platform provided to equip and better position young Nigerians for a productive career, now and in the future. She expressed her readiness and that of other participants, to fully utilize the value-adding information obtained in creating their desired future. She also called on youth across the country to be deliberate about seeking out and taking advantage of existing opportunities, particularly that provided by the Alliance.

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FBNHoldings Wins “Best Performing Stock And Best Stakeholders’ Communications Of The Year” At NIVA Awards 2022

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FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022

…FBNHoldings Plc Wins NIVA Awards

Olushola Okunlade Writes

FBNHoldings Plc has won two awards, Best Performing Stock and Best Stakeholders’ Communications of the Year at the 2022 Nigerian Investor Value Awards (“NIVA”) which was held at Lagos Continental Hotel, Lagos last Saturday, May 14th, 2022.

According to the organizers, “Best Performing Stock and Best Stakeholders’ Communications of the Year Award” was conferred on FBN Holdings Plc for proven the resilience of its business model, and recovery capacity across all verticals it participates in, and strategic opportunism in new growth areas.

This award is in recognition of the indelible contributions of FBNHoldings Plc and its subsidiaries to the economic growth of Nigeria, throughout its 128 years of existence; representing all that is enviable about the financial services industry in Nigeria, reinventing itself to transform into a digital bank with sprawling footprints across the country and Africa.

FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022
Left-Right: FBNHoldings Plc’s team at the event, Bode Oguntoke, Head, Internal Audit, FBNH, Opeyemi Okojie, Head, Strategy & Corporate Development, FBNH, Wale Ariyibi, Chief Financial Officer, FBNH receiving the award from Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, Ogho Okiti, MD/CEO BusinessDay Newspaper, and Simisola Salami, Team Lead, Communications & Shareholders Engagement, Investor Relations FBNHoldings Plc at the year 2022 Nigerian Investor Value Awards which held at Lagos Continental Hotel, Kofo Abayomi Street, Lagos last Saturday.

FBN Holdings Plc has been providing exceptional services to its customers, bringing mainstream banking to Nigeria’s 774 LGAs. Through its Agent Banking Platform, they empower people and transform lives. Its shareholders remain key to its success story and every day it strives to deliver quality returns on its investment whilst strengthening the fundamentals of the business through smart investment in technology, our people, and process. As a business, it also prioritizes Nigeria’s Economic, Social, and Governance practices to ensure the sustainability of the environment.”

The company has won many awards for its portfolio.

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CLICK HERE TO APPLY

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Photo News: LIRS Meets FMCG, Gaming, And Multi-Level Marketing Sector On Deduction Of Withholding Tax On Commission

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Photo News: LIRS Meets FMCG, Gaming and Multi-level Marketing Sector on Deduction of Withholding Tax on Commission

Photo News: LIRS Meets FMCG, Gaming, and Multi-level Marketing Sector on Deduction of Withholding Tax on Commission

Olushola Okunlade Writes

Left-Right: Director, New Growth Areas, Mr. Olujimi Aina, Executive Chairman, LIRS, Mr. Ayodele Subair, Managing Director, O. M Associates, Mr. Olufemi Oguntade during a meeting on Deduction of Withholding Tax on Commission with Stakeholders within the FMCG, Gaming and Multi-level Marketing Sector held at Protea Hotel, Alausa, Ikeja on May 12, 2022.

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