OSUN STATE GOVERNOR, ADEMOLA ADELEKE HAS APPROVED THE DEPOSITION OF OBA JOSEPH OLOYEDE AS THE APETUMODU OF IPETUMODU IN IFE NORTH LOCAL GOVERNMENT AREA OF THE STATE FOLLOWING HIS CONVICTION IN THE UNITED STATES ON TAX FRAUD AND MONEY LAUNDERING CHARGES.
THE GOVERNOR’S DECISION FOLLOWED THE RECEIPT OF THE CERTIFIED TRUE COPY (CTC) OF THE JUDGEMENT DELIVERED BY AN OHIO COURT IN THE UNITED STATES WHICH CONVICTED THE MONARCH.
THE GOVERNOR’S SPOKESPERSON, OLAWALE RASHEED, DISCLOSED THAT OBA OLOYEDE WAS SENTENCED TO 56 MONTHS IMPRISONMENT BY THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF OHIO ON AUGUST 26, 2025, FOR OFFENCES BORDERING ON WIRE FRAUD, FILING FALSE TAX RETURNS AND ENGAGING IN MONETARY TRANSACTIONS INVOLVING CRIMINALLY DERIVED PROPERTY.
INFORMATION SAYS FOLLOWING THE DEPOSITION, THE STOOL OF THE APETUMODU OF IPETUMODU HAS BEEN DECLARED VACANT, WHILE THE PROCESS FOR APPOINTING A NEW TRADITIONAL RULER IS EXPECTED TO COMMENCE AT THE APPROPRIATE TIME.
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