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Woman sentenced in Nigerian aircraft deal

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After three years of investigation involving about five agencies of the American government and the subsequent legal fireworks, the District Court in Atlanta, Georgia has finally exonerated the Chief Executive of Air Peace, Chief Allen Onyema of any business fraud.

The court, which discovered that there was no loss against any bank in the indictment suit filed by the Attorney for the Northern District of Georgia, however, ordered a probation and $4000 fine against a former staff of Springfield Aviation Company Inc., Ebony Mayfield on Friday.

A statement by the law firm of Augustine Alegeh & Co., counsel to the Airline, explained that Mayfield was an administrative staff of Springfield with limited knowledge in Letter of Credit Transactions, who pleaded guilty to one count in the indictment, presumably as she realised the futility of attempting to explain several Letters of Credit utilised for purchase of aircraft for Air Peace Limited in a jury trial.

Probation, the firm explained, is the lowest possible sentence available under American Federal Law. The firm noted that there have been false and unsubstantiated press stories in Nigeria, about the indictment.

“Our clients never took loans or credit from any American Bank and Mayfield was never paid the sum of $20,000 at any time to commit any fraud, as it is being peddled by a section of the Nigerian Press.

“There was no loss of money or any damage whatsoever to any third party. The American government admitted in Court that no bank suffered any financial loss in the matter.

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“Mayfield, like other Springfield Aviation Company Inc. staff was only paid her bi-weekly salary and/or allowances,” it clarified.

According to the firm, the decision confirmed the position of its clients that there was no fraudulent intent in all the Letters of Credit, because there was no victim in any way, manner or form.

All the funds involved, it explained, were legitimate funds belonging to its clients.

“Our clients maintain their innocence in the matter and state that all steps taken in respect of the Letters of Credit were taken in good faith and with legitimate funds.

“All the aircrafts involved were brought into Nigeria and utilised in the operations of Air Peace Limited. There was no victim. There was no loss of funds to any person and there was no criminal intent whatsoever.

“Our client’s position has been reviewed by various Law Enforcement Agencies in Nigeria and no evidence of criminality has been established against them. Our Clients remain resolute in the assertion of their innocence,” the firm declared.

SOURCE:  The Guardian Nigeria

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]