Osun State, Oba Joseph Oloyede and Nigerian pastor Edward Oluwasanmi’s iputumodu face possible jail time in the United States after convicted of Covid-19 remedy fraud.
Oloyede, an accountant and information systems expert in the United States, was appointed as the new Apetu in July 2019.
The two were arrested in early 2024 for their role in fraudulently obtaining $4.2 million in Covid-19 relief funds.
The two were charged with 13 counts of conspiracy to commit wire fraud, fraud fraud, money laundering and engaging in currency transactions of criminally derived property.
They were arraigned before Judge Christopher Boyko of the U.S. District Court in Ohio.
According to Punch, residents of iputumodu have disappeared for returning to community members from traveling abroad.
The community felt anxious after the 62-year-old was absent during several important festivals that required him to be present.
After the investigation, it has been confirmed that the US authorities hold a monarch.
According to court documents, Oloyede and Oluwasanmi filed fake salary protection programs and economic injury disaster loans under the U.S. Coronavirus Aid, Relief and Economic Security Act between April 2020 and February 2022 and used false tax documents and wage documents to ensure support for troubled businesses during the pandemic.
The bill aims to provide emergency financial assistance to Americans affected by the economic impact of Covid-19-19 by issuing loans to small businesses and nonprofit entities and tax losses arising from the pandemic.
The bill also authorizes the U.S. Small Business Administration to issue grants up to $10,000 to small businesses.
Before he ascended the throne in Europe, Oba Oloyede was accused of using some of his companies, including available tax services companies, available financial companies and available transport companies, to deceive the government through the Covid-19 relief fund.
Oluwasanmi is also accused of using his company: Dayspring Transportation Limited, Dayspring Holding Incorpated and Dayspring Propertation Incorpation Incorping for millions of dollars, which he later transferred for violating U.S. federal law.
According to court documents, Oba Oloyede and Oluwasanmi, among other things, received $3.76 million in fraudulently from the U.S. salary protection program and the Economic Injury Disaster Loan Program.
About a year later in court, the two pleaded guilty to some charges and could face a prison sentence.
On April 10, Oluwasanmi pleaded guilty to one person in the indictment, 11 and 12 through his attorney Henry Hilow.
In the above charges, Oluwasanmi was charged with using certain proceeds of fraud by wire transfer, purchasing commercial property at 422 South Green Road, Southern Euclid, Ohio, and transferring funds to a Dayspring Transportation Brokerage account.
“Nos. 1, 11 and 12 of the charges in the case of guilty plea was convicted. The plea agreement is implemented. The judgment was made on July 2, 2025, at 10 a.m. in court 9A. The defendant’s margin continues on the same terms as before,” Document reading.
On Monday, April 21, Oba Oloyede filed a guilty plea in court.
The court revised his request on Thursday, April 24.
Oba Oloyede’s long absence from his community sparked reactions from community leaders and chiefs, especially after he reportedly demolished the town’s palace and promised to build a suitable person when he returned from his trip before being arrested.
