Osun Govt Awaits U.S. Court Judgment on Monarch’s Fraud Conviction

The Osun State Government says it will obtain an official copy of a United States court judgment that sentenced Oba Joseph Oloyede, the Apetumodu of Ipetumodu, to prison for COVID-19 relief fund fraud before deciding on his traditional stool.

Commissioner for Local Government and Chieftaincy Affairs, Mr. Dosu Babatunde, disclosed this in a statement on Wednesday, stressing that the state would not act on unverified reports circulating on social media.

“While it may be true that the monarch has been convicted and jailed, there is no official record before us” Babatunde stated. “We will ensure that the Certified True Copy of the judgment is obtained. After carefully studying it, the government will then decide the appropriate steps to take. We cannot rely on Facebook posts and online stories to justify a matter of this magnitude.”

Oba Oloyede, 62, who holds dual citizenship of Nigeria and the United States, was on Tuesday sentenced to 56 months in prison by U.S. District Judge Christopher A. Boyko. He was also ordered to serve three years of supervised release and to pay $4,408,543.38 in restitution.

According to the U.S. Attorney’s Office for the Northern District of Ohio, the monarch forfeited his Medina, Ohio residence, purchased with proceeds from the fraud, as well as $96,006.89 traced to the scheme.

Investigators found him guilty of leading a conspiracy that exploited COVID-19 emergency loan programs designed to support struggling small businesses during the pandemic.