Men toss away their conscience in pursuit of money. Eventually, they become beacons of dishonour by their pitch dark exploits. Yes, Allen Ifechukwu Athan Onyema, the Chairman, CEO, and founder of Air Peace, a Nigerian airline, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes.
The international airline’s Chief of Administration and Finance, Ejiroghene Eghagha, has also been charged with bank fraud and committing aggravated identity theft in connection with the scheme. However, It’s often said, all universal moral principles are idle fancies in the world of Onyema. In his world, banking ethics and the rule of law are overrated moral constructs hence his unabashed contempt for the norms of commerce and societal conduct.
Like the proverbial merchant of Sicily, driven by lust for inordinate riches, Allen nurtured no inhibitions in his pursuit of riches, unearned riches to be precise. “Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” said U.S. . . Attorney Byung J. “BJay” Pak. “We will diligently protect the integrity our banking system from being corrupted by criminals, even when they disguise themselves in a cloak of international business.” Robert J. Murphy, the Special Agent in Charge of the DEA Atlanta Field Division commented on the indictment, “Allen Onyema’s status as a wealthy businessman turned out to be a fraud. . .
He corrupted the U.S. banking system, but his trail of deceit and trickery came to a skidding halt. DEA would like to thank the many law enforcement partners and the subsequent prosecution by the U.S. Attorney’s Office who aided in making this investigation a success.” .