Source : Loop
LIAT 2020 has issued a statement addressing recent speculation and misinformation regarding its ownership and structure.
This clarification comes in the wake of news surrounding Allen Onyema, the Chairman, CEO, and founder of Air Peace Nigeria.
Onyema is facing allegations of obstruction of justice for allegedly submitting false documents to the government. This action was reportedly an attempt to end an investigation that had previously resulted in charges of bank fraud and money laundering against him.
In light of these developments, LIAT 2020 stated that it aims to provide clear and accurate information to its customers, partners, and stakeholders.
According to the statement, LIAT 2020 Limited is a joint venture between the Government of Antigua and Barbuda (GOAB) and Air Peace Caribbean Limited (APCL). The shareholding structure consists of 30% ownership by GOAB and 70% by APCL. Both entities are incorporated under the laws of Antigua and Barbuda.
The company emphasizes that APCL is entirely separate from Air Peace Nigeria Ltd.
“Mr. Allen Onyema, the CEO of Air Peace Nigeria Ltd, holds no shares, directorship, nor is he involved in APCL or LIAT (2020) Ltd,” LIAT stated.
The airline further clarifies that “the company’s ownership and operations have not been impacted by the incorrect speculations regarding Mr. Onyema. We emphasise that Mr. Onyema has no ownership stake in LIAT (2020) Ltd, and such claims are completely unfounded as they do not exist.”