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Osun Govt To Sack Monarch Jailed In US For Fraud

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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.

“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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Second body recovered after car plunged into Lagos Lagoon

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The Lagos State Waterways Authority (LASWA) has confirmed the recovery of a second victim after a Toyota Camry saloon car somersaulted and plunged into the Lagos Lagoon from the Third Mainland Bridge, inward Iyana Iworo.

It was reported that a 27-year-old woman, Aisha Maikudi Ibrahim, d!ed in the tragic incident which occurred in the early hours of Saturday, August 23, 2025.

Her body was recovered by local divers and handed over to her family for burial.

Ms Ibrahim, who lived in Gbagada, was returning from an event in Ikoyi where she worked as a vendor when the crash occurred.

The public affairs unit of LASWA in a statement on Wednesday, August 27, said initial reports suggested that Aisha was the only occupant of the car, however follow-up investigations confirmed the presence of a second passenger, identified as Chado Daniel Danladi.

According to the agency, Danladi, 31, residing at 7 Oremeta Street, Off Opebi Link Bridge, Ikeja, was recognised as Aisha’s colleague.

 

“The body of the second victim was recovered during an extended SAR operation and has been delivered to his family,” the statement read in part

 

Meanwhile, friends and colleagues of the victims have taken to social media to mourn them.

One Uwana Anthony shared photos of Aisha and Chado on Wednesday, August 27.

“Rest on Aisha and Chado” he captioned the post.

 

Second body recovered after car plunged into Lagos Lagoon

 

Second body recovered after car plunged into Lagos Lagoon

 

Second body recovered after car plunged into Lagos Lagoon
Second body recovered after car plunged into Lagos Lagoon

 

Second body recovered after car plunged into Lagos Lagoon

 

Second body recovered after car plunged into Lagos Lagoon

 

Second body recovered after car plunged into Lagos Lagoon
Second body recovered after car plunged into Lagos Lagoon
Second body recovered after car plunged into Lagos Lagoon

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Niger Delta youths block NNPCL towers in Abuja, demand CEO’s resignation

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A large group of Niger Delta youth leaders protested at the Nigerian National Petroleum Company Limited Towers in Abuja, starting around 6 am.

The demonstrators blocked the entrance and exit gates on Wednesday, causing significant disruptions to traffic along Herbert Macaulay Way in the Central Business District.

According to Channels TV, the protesters are carrying banners with bold inscriptions, the protesters demanded the resignation of NNPCL’s Group Chief Executive Officer, Bashir Ojulari, accusing him of corruption and mismanagement.

They also urged the appointment of a Niger Delta indigene as the new GCEO of the company.

They also called for the appointment of an indigene of the Niger Delta region as the GCEO of the NNPCL.

Security agents, including men of the Nigeria Police Force, were at the scene to ensure that traffic was diverted to one lane of the dual carriageway leading to the NNPCL towers.

Workers were forced to park their cars far away from the gates of the Towers due to the protest.

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Abia deputy speaker clarifies fatal convoy crash

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The Office of the Deputy Speaker of the Abia State House of Assembly, Austin Meregini, has provided an official clarification regarding the death of two men in an accident involving his convoy at Obehie, Ukwa West LGA, on Sunday, August 3, 2025, along the Port Harcourt–Aba Expressway.

The explanation follows a viral video that described the Deputy Speaker’s response to the bereaved family as “sad.”

The victims, identified as Ifeanyi Maduako, 45, residing in the Philippines, and Onyedi Obasi, 35, living in Gambia, were both from Ehime Mbano, Imo State. They were reportedly returning to their bases after their mother’s burial.

In a statement issued Wednesday by Grant Okeigbo of the Deputy Speaker’s Media Unit, the office clarified that the Deputy Speaker was not in the pick-up truck at the time of the accident. The vehicle, carrying the driver and two security personnel, collided with a Toyota Spider carrying the two victims.

“The Toyota Spider was reportedly driving against traffic due to the poor condition of the opposite lane. Eyewitnesses and the surviving truck driver indicated that the Spider either suffered a burst tire or brake failure, causing it to veer into the path of the pick-up truck,” the statement said.

The accident tragically claimed the lives of the two men in the Spider, while the truck driver and two policemen sustained serious injuries. The truck driver remains on life support and may require spinal surgery at the Federal Medical Centre, Umuahia.

The statement emphasised that the Deputy Speaker sent emissaries to the bereaved family the day after the accident and has been working with medical professionals to save the lives of his surviving aides. Discussions on how best to support the family are ongoing.

“The Deputy Speaker is pained by the circulation of unverified reports on social media regarding this tragedy. He appeals to the public and media to exercise caution in reporting such sensitive matters,” the release said.

The Deputy Speaker also extended his condolences to the family of the deceased, praying for the repose of their souls.

Efforts to obtain comments from the Police Public Relations Officer, DSP Maureen Chinaka, were unsuccessful.

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