General
Onyema Claims Innocence in US Court Indictment
By Adedapo Adesanya
Mr Allen Onyema, the Nigerian businessman who owns the country’s largest airline, Air Peace, has maintained his innocence after being indicted by a court in the United States for alleged obstruction of justice.
Mr Onyema is charged alongside the airline’s Chief of Finance and Administration, Mrs Ejiro Eghagha, for allegedly participating in the obstruction scheme, as well as in the earlier bank fraud counts.
Air Peace in a statement on Sunday, insisted that the duo are innocent of all accusations.
The airline noted that the latest charges against Onyema and Eghagha are part of an extended legal process stemming from earlier accusations of financial misdeeds that date back several years.
A statement released by the US Attorney’s Office said that Mr Onyema has been charged in a superseding indictment with obstruction of justice for submitting false documents to the government to end an investigation of him that resulted in earlier charges of bank fraud and money laundering.
This adds to an earlier $20 million bank fraud charge against Mr Onyema, which has been on for the last five years.
He was accused of submitting false documents to US authorities in 2019 in an effort to stop the investigation and unfreeze his bank accounts regarding the alleged $20 million bank fraud.
“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,” said US Attorney, Mr Ryan K. Buchanan.
In the superseding indictment, Mr Onyema was alleged to have fraudulently transferred more than $44.9 million into his Atlanta-based accounts from foreign sources between 2010 and 2018.
Mr Onyema and Mrs Eghagha were also alleged to have fraudulently applied for export letters of credit for the transfer of funds from a Nigerian bank account to the bank account of Onyema’s Atlanta-Georgia-based firm, Springfield Aviation LLC, between 2016 and 2017.
The letters of credit were purported to fund the purchase of five separate Boeing 737 passenger planes by Air Peace and were supported by documents such as purchase agreements, bills of sale, and appraisals.
“The documents purported to show that Air Peace was purchasing the aircraft from Springfield Aviation Company LLC, a business registered in Georgia.
“However, the supporting documents were allegedly fake – Springfield Aviation Company LLC was owned by Onyema and managed on his behalf by a person with no connection to the aviation business, and Springfield Aviation never owned the aircraft. The company that allegedly drafted the appraisals did not exist,” the statement said.
In its response, the company added that its legal team are fully engaged with the matter and is working tirelessly to ensure that justice prevails.
“Air Peace Limited is aware of the recent media reports concerning our esteemed Chairman and Chief Executive Officer, Dr. Allen Ifechukwu Onyema and Chief of Finance and Administration, Mrs Ejiro Eghagha in line with the latest legal charges filed by the U.S. Department of Justice. We understand that this may have raised concerns, and we wish to address these reports directly.
“These charges levelled against our post-holders are part of an extended legal process stemming from earlier accusations of financial misdeeds that date back several years.
“While the charges have been expanded, it is essential to emphasize that both Dr Onyema and Mrs Eghagha remain innocent and these are mere allegations, and the case is still in court. 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.
“It is important to note that Dr Onyema and his legal team have consistently cooperated with authorities throughout this process, and Air Peace continues to operate without disruption, upholding our commitment to delivering top-notch services to our valued customers.
“We want to reassure the public that these legal proceedings will not impact the safety, reliability, or day-to-day operations of Air Peace. The dedication and focus of our staff remain steadfast as we continue to provide you with the best aviation experience in Nigeria and beyond.
“We thank our customers and flying public for your continued support and understanding during this time, and we remain committed to serving you with excellence and integrity,” the statement said in parts.
General
CNPP Begs Wike for Certificates of Occupancy Payment Deadline Extension
By Modupe Gbadeyanka
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has been urged to extend the deadline for the payment of Certificates of Occupancy (C of O) by property owners in Abuja.
This plea for an extension was asked by the Conference of Nigeria Political Parties (CNPP) through a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.
The group said the initial two-week grace period given to the affected allottees, which expired on Friday, January 3, 2025, was insufficient, considering the current economic challenges facing the country.
Recall that after public outcries, Mr Wike, who is the immediate past governor of Rivers State, granted an extension to the owners of the 762 revoked plots of land in Maitama, Abuja.
“We are appealing to the Minister and the Federal Capital Territory Administration (FCTA) to tamper justice with mercy and issue an extension in the spirit of the yuletide and in view of the economic challenges in the country,” the association stated.
It stressed that the extension would give the affected individuals and groups ample time to comply with the directive, thereby avoiding any undue hardship or loss.
“We pray that the Minister and the FCTA will grant the allottees an extension to comply with the directive, giving all the affected individuals and groups enough time to have themselves to blame at the end of the final extension,” the statement added.
The CNPP’s appeal comes on the heels of its recent expression of concern over the escalating hunger and suffering faced by millions of Nigerians due to the economic realities in the country.
General
All Farmers Association of Nigeria Dissociates Self From Ado Kano
By Adedapo Adesanya
The All Farmers Association of Nigeria (AFAN) has dissociated itself from an unofficial viral statement by one of it members, regarding posters indicating activities of the organisation.
The group dissociated itself from the member in a statement signed by its National President and the National Secretary, Mr Kabiru Ibrahim, and Mr Yunusa Halidu, respectively.
“This post is made by an authorized member, Ado A Ado Kano.
“The opinions and views expressed here are those of the author and do not reflect the official policy or position of the group, its administrators, or other members.
“For official statements, please refer to AFAN official contact or platform,” parts of the statement made available to Business Post stated.
According to AFAN, the unofficial posters flying around doesn’t represent the association, noting that Mr Kano is not authorized by AFAN or its officials but those of the author.
AFAN is the umbrella organisation for all farmers’ commodity associations in Nigeria.
Its vision and mission are to assemble all Nigerian producers into one organization, providing a single interlocutor for the government to address agricultural issues with the farming community.
AFAN was formed by the merger of the All-Farmers Association of Nigeria (ALFA) and the National Farmers’ Association of Nigeria (NAFAN). The merger was recommended by former Nigerian president, Mr Olusegun Obasanjo.
General
BUA Debunks Claims of 90% Completion of Refinery in Akwa Ibom
By Adedapo Adesanya
BUA Group has denied widespread reports that its ongoing construction of a 200,000 barrels per day capacity refinery located in Akwa Ibom State is 90 per cent completed.
In a statement signed on Sunday, the group with subsidiaries in food, cement, and energy sectors said that the claims that the structure was at end stage did not come from it.
“Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us,” a part of the statement read.
It clarified that the project was progressing well and added that it was going to meet the project timeline of 2025.
“As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily.
“Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners.
“This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the group said.
BUA is also carrying out other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country, which it said are also progressing rapidly.
The group says this will add additional capacity to our over 1,000MW installed captive power generation capacity.
“The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons,” the statement said.
“At BUA, we remain committed to transparency and excellence. As we have consistently done with over 12 of our completed mega industrial projects worth over $ 3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved.
“We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria,” it added.
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