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Air Peace CEO Indicted For Bank Fraud & Money Laundering

I’ve written extensively about Air Peace, a private Nigerian airline that I’ve been fascinated by. The airline has been flying since 2013 primarily as a regional airline, though just a few months ago they launched their first long haul flight to Sharjah in the UAE. The airline has big expansion plans, and wants to add flights to Guangzhou, Houston, and London.

The airline has a questionable safety record, though they do deserve some credit for at least existing, unlike Global Ghana Airlines, Goldstar Air, Avatar Airlines, etc.

The Founder, Chairman, and CEO, Allen Ifechukwu Athan Onyema, has been praised by many as a brilliant entrepreneur and philanthropist. Well, he is now facing some pretty serious charges.

The US Attorney’s Office of the Northern District of Georgia has just charged him with bank fraud and money laundering, for allegedly moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false … Read More

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