The Osun State Government has deposed the Apetumodu of Ipetumodu in Ife North Local Government Area, Oba Gbenga Joseph Oloyede, with immediate effect. This decision was announced in a statement by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi.
Legal Basis for the Decision
The statement explained that the decision followed due consultation, legal review, and approval by the State Executive Council. The action was taken in accordance with the Osun State Chiefs Law (as amended) and other relevant legal provisions governing traditional institutions in the state.
Withdrawal of Authority
As a result, the staff of office and all instruments of authority previously issued to the monarch have been withdrawn. The stool of the Apetumodu of Ipetumodu has been declared vacant.
Conviction in the United States
The deposed monarch, who holds dual citizenship of Nigeria and the United States, was sentenced by U.S. District Judge Christopher A. Boyko to four years in prison on August 26, 2025. He was convicted of leading a conspiracy to exploit COVID-19 emergency loan programs intended to support struggling small businesses.
Forfeiture and Restitution
According to the U.S. Attorney's Office for the Northern District of Ohio, the deposed monarch forfeited his home in Medina, Ohio, which was purchased with proceeds from the scheme, and an additional $96,006.89 traced to fraud. He was also ordered to serve three years of supervised release and pay $4,408,543.38 in restitution.
