{"id":5836,"date":"2025-04-27T14:49:58","date_gmt":"2025-04-27T14:49:58","guid":{"rendered":"https:\/\/panoramanews.com.ng\/?p=5836"},"modified":"2025-04-27T14:49:58","modified_gmt":"2025-04-27T14:49:58","slug":"osun-monarch-pleads-guilty-to-stealing-covid-19-relief-funds","status":"publish","type":"post","link":"https:\/\/panoramanews.com.ng\/index.php\/2025\/04\/27\/osun-monarch-pleads-guilty-to-stealing-covid-19-relief-funds\/","title":{"rendered":"Osun monarch pleads guilty to stealing COVID-19 relief funds"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5837\" src=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/04\/Screenshot_20250427-141251-1-300x268.png\" alt=\"\" width=\"300\" height=\"268\" srcset=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/04\/Screenshot_20250427-141251-1-300x268.png 300w, https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/04\/Screenshot_20250427-141251-1.png 720w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Oloyede<\/p>\n<div id=\"m#msg-f:1830565726629349252\" class=\"mail-message expanded\">\n<div id=\"m#msg-f:1830565726629349252-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div dir=\"auto\">A prominent traditional ruler in Osun State has reportedly pleaded guilty to defrauding\u00a0 the United States government of $4.2 million COVID-19 relief funds.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The suspect, Oba Joseph Oloyede,\u00a0 he Apetu of Ipetumodu, has been\u00a0facing trial on allegations of diverting\u00a0 $4.2 million COVID-19 with his alleged accomplice, Edward Oluwasanmi in the US.<\/p>\n<p>Available court documents disclosed that Oluwasanmi allegedly diverted the funds using his companies, Dayspring Transportation Limited, Dayspring Holding Incorporated, and Dayspring Property Incorporated.<\/p>\n<p>It further revealed that the he used his companies to obtain millions of dollars, which he later diverted the funds for his personal use, from the government, thereby violating US federal laws.<\/p><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Oloyede and Oluwasanmi were arrested on April 5, 2024, according to a statement issued by the US department of transportation earlier this month, revealing the monarch\u2019s whereabouts.<\/div>\n<div dir=\"auto\">\nThe duo is facing a 13-count charge, bordering on conspiracy to commit wire fraud, and money laundering among others.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The counts accused him of using fraud proceeds to purchase commercial property at\u00a0<a href=\"https:\/\/www.google.com\/maps\/search\/422+South+Green+Road,+South+Euclid,+Ohio?entry=gmail&amp;source=g\">422 South Green Road, South Euclid, Ohio<\/a>, through wire transfer, and transferring money into a Dayspring transportation brokerage account.<\/p>\n<p>According to the report, Oloyede submitted his guilty plea on Monday.<\/p><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">They reportedly pleaded guilty to all charges on April 10.<\/p>\n<p>Oloyede, who was represented by his counsel, Henry Hilow, on Monday pleaded guilty to counts one, 11, and 12 of the indictment.<\/p><\/div>\n<div dir=\"auto\">\nThe duo would be sentenced on July 2, 2025.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Oloyede was crowned as the monarch of Ipetumodu in 2019 but frequently travelled between Nigeria and the US for \u201croyal and personal engagements\u201d.<\/p>\n<p>However, his unexplained absence raised concerns among indigenes, having away for almost a year.<\/p>\n<\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oloyede A prominent traditional ruler in Osun State has reportedly pleaded guilty to defrauding\u00a0 the United States government of $4.2&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1344],"class_list":["post-5836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","tag-oba-joseph-oloyede"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - 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