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Osun Govt To Sack Monarch Jailed In US For Fraud

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1 year ago

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The Governor Ademola Adeleke-led Osun State government is set to depose the Apetu of Ipetumodu, Oba Joseph Oloyede, following his sentencing for more than four years in prison in the United States.

According to Leadership, the Osun State government had weeks ago said it will only decide the monarch’s fate after his trial in the US.

Oba Oloyede was on Tuesday jailed 56 months by a US District Judge Christopher A. Boyko over $4.2m COVID-19 fraud.

The monarch, 62, was convicted on charges of conspiracy to exploit COVID-19 emergency loan programmes created for struggling businesses.

Oloyede holds dual U.S. and Nigerian citizenship and resides in Medina, Ohio.

In a statement by the U.S. Attorney’s Office for the Northern District of Ohio on Tuesday, the monarch, was also ordered to “serve three years of supervised release after imprisonment and pay $4,408,543.38 in restitution

“He also forfeited his Medina home on Foote Road, which he had acquired with proceeds of the scheme, and an additional $96,006.89 in fraud proceeds investigators had seized.

“From about April 2020 to February 2022, Oloyede and his co-conspirator, Edward Oluwasanmi, conspired to submit fraudulent applications for loans that were made available through the U.S. Small Business Association (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act,” the statement read.

In April, the duo pleaded guilty to wire fraud and tax fraud charges linked to a pandemic relief scam that siphoned over $4.2m in federal stimulus funds.

The court was told that Oloyede, who also worked as a tax preparer, “operated five businesses and one nonprofit, while Oluwasanmi owned an additional three business entities.

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“Both defendants used their businesses to submit loan applications using false information.

“They obtained approximately $1.2 million in SBA funds for Oluwasanmi’s entities and $1.7 million for Oloyede’s entities,” the statement added.

According to investigators, “Oloyede submitted fraudulent PPP and EIDL applications in the names of some of his clients and their businesses.

“In exchange, Oloyede would receive 15-20% of their loans as the fee, or kickback, for obtaining the loans for them, without reporting this income to the IRS on his own tax returns.”

The funds were then used for personal gain, prosecutors said.

“Investigators learned that the defendant used funds obtained from these loans to acquire land and build a home and purchase a luxury vehicle,” the U.S. Attorney’s Office disclosed.

In all, Oloyede “caused the SBA to approve 38 fraudulent applications, amounting to $4,213,378 in disbursed loans and advances.”

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Public officers are stealing Nigeria’s money every minute – EFCC boss

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7 hours ago

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September 26, 2026

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says public officers steal funds every minute.

Olukoyede spoke in Abuja on Thursday at the 80th birthday celebration of former Attorney-General of the Federation, Kanu Agabi.

He stated that the anti-graft agency receives over 20,000 corruption petitions every year, describing the scale of the theft detailed in many cases as shocking.

“I receive over 20,000 petitions in a year in respect to public corruption, all terrible. What is going on? Like every minute, public officers take money, and if you go through some of our case files you will weep.

“The way people take national resources and Nigerians are victims of these fraudulent activities. And we must come together for once in our lifetime and say no to the activities of some of our leaders,” Olukoyede said.

The EFCC boss noted that some public officers assume office with less than ₦100,000 in their accounts, but within three years, the agency traces millions of dollars to them.

He added that some individuals acquire hundreds of houses while in office, warning that corruption is crippling the nation.

Olukoyede stressed that public officers must be held accountable for their time in office, emphasizing that transparency must remain the guiding standard in public service.

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VIDEO: Police identify officer in viral video saying Obi can never be President

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7 hours ago

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September 26, 2026

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The Lagos State Police Command has arrested an officer who appeared in a viral video making inappropriate remarks about Peter Obi and Igbo people while travelling on public transport.

The officer who has been identified as INSP. Osumah Frank, was filmed saying Obi or any Igbo person can never become President of Nigeria.

In a statement released today September 25, the command’s spokesperson, SP Abimbola said the command has commenced appropriate disciplinary action against the officer in line with established regulations of the Nigeria Police Force.

Abimbola stated that the statements made by the officer were made in his personal capacity and do not represent the position, views or official disposition of the Lagos State Police Command or the Nigeria Police Force.

She added that the State Commissioner of Police, CP Tijani Fatai, has reiterated the position of the command that all its personnel are expected to maintain professionalism, civility, discipline and respect for members of the public at all times. She further reaffirmed that wearing the Police uniform comes with a responsibility to uphold the dignity and integrity of the Force, and that the Command will not condone any conduct capable of bringing the Force into disrepute or undermining public confidence in the Police.

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Court rejects suit seeking fresh police investigation into late singer Mohbad’s death

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7 hours ago

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September 26, 2026

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The Federal High Court in Abuja has dismissed a suit seeking to compel the Nigeria Police Force to conduct a fresh investigation into the death of Nigerian singer Ilerioluwa Aloba, popularly known as Mohbad.

Justice James Omotosho dismissed the case filed by the Registered Trustees of Break the Silence Foundation in a judgment delivered on Thursday, ruling that the foundation lacked the legal capacity to institute the suit.

The judge also described the application as speculative and lacking sufficient merit, noting that the foundation failed to produce the original police investigation report to support its claim that the earlier investigation was inadequate.

Justice Omotosho further cautioned lawyers handling ongoing cases against discussing matters before the court during media interviews or on social media, describing such conduct as professional misconduct.

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