US EditionNigerian king loses property, $96,000 in U.S. fraud conviction
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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…
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