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Abia Government Revokes Land Title Granted To Shoe Firm Established by Ex-Governor Ikpeazu

EFCC-e1698868766206

EFCC Fumes As Motivational Speaker Demands $18,000 For Mentorship

Peter Obi, Labour Party

Stop Demarketing Nigeria, PDP Chieftain Tells Peter Obi

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Two Dead, Six Injured In Oyo-Ogbomoso Road Crash

Court Orders Restoration Of Suspended Edo LG Chairmen

Ogun Government Drops Charges Against School Proprietor In Defilement Case

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Abia Government Revokes Land Title Granted To Shoe Firm Established by Ex-Governor Ikpeazu

Adesina Quadri Ademola April 26, 2025

The Abia State Government has revoked the land title previously granted to Enyimba Automated...

EFCC-e1698868766206

EFCC Fumes As Motivational Speaker Demands $18,000 For Mentorship

Adesina Quadri Ademola April 26, 2025

The Economic and Financial Crimes Commission has condemned a mentorship programme offered by motivational...

Peter Obi, Labour Party

Stop Demarketing Nigeria, PDP Chieftain Tells Peter Obi

Adesina Quadri Ademola April 26, 2025

A prominent member of the Peoples Democratic Party (PDP), Segun Sowunmi, has called on...

Screenshot_20250425-200800-750x536-1

Two Dead, Six Injured In Oyo-Ogbomoso Road Crash

Adesina Quadri Ademola April 26, 2025

Two persons have been confirmed dead and six others injured following a lone accident...

Court Orders Restoration Of Suspended Edo LG Chairmen

Ogun Government Drops Charges Against School Proprietor In Defilement Case

Adesina Quadri Ademola April 26, 2025

The Ogun State Government has withdrawn charges of defilement against Mr. Ashafa Samson Adelaja,...

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US: FBI Arrests 22 Nigerians Over Sextortion Scams

Adesina Quadri Ademola April 26, 2025

The Federal Bureau of Investigation (FBI) has announced the arrest of 22 Nigerians allegedly...

Osun Monarch, Apetu of Ipetumodu Oba Joseph Oloyede Admits To COVID-19 Fraud In US The Apetu of Ipetumodu in Osun State, Oba Joseph Oloyede, and a Nigerian pastor, Edward Oluwasanmi, are facing possible prison sentences in the United States after pleading guilty to charges of COVID-19 relief fraud. Oba Oloyede, a US-based accountant and information system expert, was appointed the new Apetu in July 2019. The monarch and Oluwasanmi were arrested in early 2024 for their roles in a scheme to fraudulently obtain $4.2m in COVID-19 relief funds. The two men were charged with 13 counts of conspiracy to commit wire fraud, wire fraud, conspiracy to defraud, money laundering, and engaging in monetary transactions in criminally derived property. They were arraigned before Justice Christopher Boyko of the US District Court of Ohio. Saturday PUNCH had exclusively reported the arraignment of Oloyede while residents of Ipetumodu were at a loss over his disappearance from the community after a trip abroad. Our correspondent had reported that there was anxiety in the community after the 62-year-old was absent from several important festivals that required his presence. After investigating, Saturday PUNCH confirmed that the monarch was being held by the US authorities. According to court documents obtained by our correspondent, Oloyede and Oluwasanmi submitted falsified applications for Paycheck Protection Programme and Economic Injury Disaster Loans under the US Coronavirus Aid, Relief and Economic Security Act between April 2020 and February 2022, using fake tax and wage documents to secure funds meant to support struggling businesses during the pandemic. The Act was designed to provide emergency financial assistance to Americans suffering the economic effects caused by the COVID-19 pandemic by issuing loans to small businesses and non-profit entities experiencing revenue loss due to the pandemic. The Act also authorised the US Small Business Administration to issue advances or grants of up to $10,000 to small businesses. Oba Oloyede, who was based in Medina, Ohio, before his enthronement, was accused of using some of his companies, including Available Tax Services Incorporated, Available Financial Corporation, and Available Transportation Company, to defraud the government through the COVID-19 relief fund. Oluwasanmi was also accused of using his companies: Dayspring Transportation Limited, Dayspring Holding Incorporated, and Dayspring Property Incorporated to obtain millions of dollars, which he later diverted for his expenses, in breach of US federal laws. According to court documents, Oba Oloyede and Oluwasanmi, among other things, fraudulently obtained the sum of $3.76m from the US Paycheck Protection Programme and Economic Injury Disaster Loans scheme. After about one year in court, the duo pleaded guilty to some of the charges and might face some prison sentences. On April 10, Oluwasanmi, through his counsel, Henry Hilow, pleaded guilty to counts one, 11, and 12 of the indictment. In the said counts, Oluwasanmi was accused of using some of the proceeds of the fraud to purchase a commercial property on 422 South Green Road, South Euclid, Ohio, through wire transfer, and transferring money into Dayspring transportation brokerage account. “Guilty plea entered to counts 1, 11 and 12 of the indictment. Plea agreement executed. Sentencing set for July 2, 2025, at 10am in Courtroom 9A. Defendant’s bond to continue with same conditions as previously ordered,” the document read. On Monday, April 21, Oba Oloyede submitted his guilty plea before the court. The court fixed Thursday, April 24, for the hearing of his pleas. Oba Oloyede’s long absence from his community has been generating reactions from community leaders and chiefs, especially after he reportedly demolished the town’s palace with a promise to build a befitting one upon return from his trip before his arrest. With the report of his trial in the US, some residents are demanding that the state government investigate the matter and intervene.

Osun Monarch, Apetu of Ipetumodu Oba Joseph Oloyede Admits To COVID-19 Fraud In US

JAAT April 26, 2025

The Apetu of Ipetumodu in Osun State, Oba Joseph Oloyede, and a Nigerian pastor,...

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ASUP Ordered To Picket FEDPOFFA

JAAT April 26, 2025

The Academic Staff Union of Polytechnics, ASUP, Federal Polytechnic Offa chapter, has been given...

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NYSC DG, Brigadier General Olakunle Nafiu Celebrates Birthday With Corps Members

JAAT April 26, 2025

The Director General of National Youth Service Corps, Brigadier General Olakunle Oluseye Nafiu joined...

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EFCC Declares Four Wanted Over CBEX Crypto Fraud

Victor Olaniyan April 25, 2025

The Economic and Financial Crimes Commission has declared four individuals wanted for their alleged...