Nigerian king loses property, $96,000 in U.S. fraud conviction

Nigerian King, found guilty, loses millions and property to U.S. government in COVID-19 fraud

Joseph Oloyede, a disgraced Nigerian monarch and dual U.S. citizen, has been ordered to forfeit millions in cash and valuable property to the U.S. government following his conviction in a $4.2 million COVID-19 relief fraud case. Oloyede, formerly the Apetu of Ipetumodu in Osun State, pleaded guilty on April 24 to 13 counts of fraud and now awaits sentencing. Ahead of that sentencing, the U.S. government filed a motion to seize his assets, which …

Nigerian king loses property, $96,000 in U.S. fraud conviction

GistReel Oba Joseph Olugbenga Oloyede, the embattled traditional ruler of Ipetumodu in Osun State, Nigeria, has been ordered by a U.S. federal court to forfeit millions of dollars in assets to the American government after pleading guilty to charges connected to a $4.2 million COVID-19 relief fraud scheme. The 62-year-old monarch, who also holds American citizenship, was indicted in April 2024 alongside fellow Nigerian-American Edward Oluwasanmi…