Nigerian monarch, Joseph Oloyede.webp​


The Digest:

A Nigerian traditional ruler, Oba Joseph Oloyede, has been sentenced to prison in the United States for a $4.2 million fraud. The sentence, which marks The Crown's Disgrace, follows a conviction for a COVID-19-related scam that also involved a Nigerian pastor.

Key Points:
  • Oba Joseph Oloyede was jailed in the United States.
  • He was sentenced to 56 months in prison for a $4.2 million fraud.
  • He was also ordered to pay over $4.4 million in restitution.
  • The fraud involved submitting false loan applications for COVID-19 aid.
  • The monarch will serve three years of supervised release after imprisonment.
  • His Medina residence and $96,006 were forfeited.
  • A co-conspirator, Pastor Edward Oluwasanmi, was sentenced in July.
The sentencing sends a strong message that even those in positions of power are not above the law. The crime has brought international attention and shame, serving as a lasting mark on The Crown's Disgrace.

Source: Daily Post