US seeks forfeiture of $14m in assets from Air Peace CEO
The CEO of Air Peace, Allen Ifechukwu Onyema, is facing a request from the U.S. government to forfeit approximately $14 million in assets, as the government seeks approval from the U.S. District Court for the Northern District of Georgia.
This action comes after a recent superseding indictment that accuses Onyema and his associate, Ejiroghene Eghagha, the Chief of Administration and Finance at Air Peace, of serious allegations involving fraud and money laundering, as reported by Nairametrics.
The indictment includes multiple counts against the defendants, including conspiracy to commit bank fraud and specific instances of bank fraud.
These charges underline the extensive nature of the alleged fraudulent activities involving Onyema and Eghagha.
Furthermore, there are counts related to conspiracy to commit credit application fraud, credit application fraud, and charges of money laundering.
If convicted, the defendants will be required to forfeit any property derived from the alleged criminal activities, including significant sums held in bank accounts associated with their businesses.
The U.S. government is seeking the forfeiture of specific amounts from various bank accounts associated with the defendants' businesses.
The indictment also states that if any of the forfeitable properties cannot be located, have been transferred, or have diminished in value, the U.S. government intends to seek the forfeiture of other assets belonging to the defendants equivalent to the value of the forfeitable properties.
The legal proceedings are under the oversight of U.S. Attorney Ryan K. Buchanan, along with Assistant U.S. Attorneys Garrett L. Bradford and Christopher J. Huber.
In addition, the U.S. government has indicted Allen Onyema on charges of obstruction of justice, accusing him of submitting false documents to impede a federal investigation into bank fraud and money laundering, along with his associate Ejiroghene Eghagha, the airline’s Chief of Administration and Finance, as reported by Nigerianwatch.
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