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How a Nigerian Monarch’s COVID-19 Fraud Led to Asset Forfeiture in the U.S.
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On May 16, 2025, a shocking story broke through Sahara Reporters: Joseph Oloyede, the monarch of Ipetumodu in Osun State, Nigeria, was ordered by a U.S. court to forfeit his assets after being convicted of COVID-19 relief fraud. This case not only highlights the global reach of financial crimes but also underscores the consequences of exploiting emergency relief programs meant to support struggling individuals and businesses during a global crisis. Let’s dive into the details of this case, its implications, and what it means for international justice.
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Who Is Joseph Oloyede, the Ipetumodu Monarch?
Joseph Oloyede, known as the Apetu of Ipetumodu, is a traditional ruler in Osun State, Nigeria. As a monarch, he holds a position of cultural significance, often seen as a custodian of heritage and a leader in his community. However, his reputation took a severe hit when reports surfaced earlier in 2025 about his alleged involvement in fraudulent activities in the United States. According to a February 15, 2025, article by Punch Nigeria, Oloyede’s whereabouts had already become a mystery in his hometown, with some residents speculating he was recuperating in the U.S., while others believed he was facing trial for fraud.
Oloyede, who owns a business called Available Tax Services, was later confirmed to be involved in a scheme that exploited COVID-19 relief funds in the U.S. These funds were part of emergency programs rolled out during the pandemic to help small businesses and individuals survive economic hardship. Instead of using the money for its intended purpose, Oloyede allegedly diverted it for personal gain, a crime that ultimately led to his conviction.
The U.S. Court’s Ruling on COVID-19 Relief Fraud
The U.S. court’s decision to order the forfeiture of Joseph Oloyede’s assets marks a significant step in holding individuals accountable for COVID-19 relief fraud. Asset forfeiture, as explained by the U.S. Marshals Service in a 2024 update, is a legal tool used to seize property and funds obtained through criminal activities. This practice began in 1984 with the Comprehensive Crime Control Act, which empowered federal authorities to target economic crimes. In Oloyede’s case, the court determined that the assets he acquired through fraudulent means—specifically by exploiting COVID-19 relief programs—should be forfeited to the government.
The U.S. Department of Justice has been cracking down on fraud related to pandemic relief programs since 2020. Agencies like the FBI, DEA, and the U.S. Marshals Service work together to investigate and prosecute such cases, ensuring that illicit gains are seized. Oloyede’s conviction is a clear message: no one, not even a traditional ruler from another country, is above the law when it comes to financial crimes on U.S. soil.
Reactions from Nigerians on Social Media
The news of Joseph Oloyede’s conviction sparked heated discussions on social media, particularly on X, where users expressed a mix of anger, disappointment, and cynicism. One user, @AdekunleOderind, sarcastically remarked, “Man Proposes, Covid-19 Fraud Disposes,” highlighting the irony of Oloyede’s downfall. Another user, @monnyx49, referenced broader issues of leadership in Nigeria, pointing to other controversial figures and lamenting, “a country where criminals rule.”
Many comments reflected frustration with the recurring theme of Nigerian leaders being involved in criminal activities abroad. @MrJah18327 wrote, “He’ll soon return to Nigeria and contest election. Yaribas are criminals by nature,” a statement that, while controversial, captures the sentiment of disillusionment among some Nigerians. Others, like @Abodimmachi, brought up historical grievances, accusing Yoruba leaders of systemic wrongdoing, though these claims are more reflective of personal biases than verified facts.
The Impact on Ipetumodu and Beyond
Back in Ipetumodu, the absence of Joseph Oloyede has already caused ripples in the community. According to the Punch Nigeria report from February 2025, residents and chiefs were left in the dark about their monarch’s whereabouts, with some claiming his wife had been acting as a regent in his absence. The lack of transparency led to growing unrest, with community members demanding answers from local leaders.
Oloyede’s conviction now raises questions about his future as a monarch. In many Nigerian communities, traditional rulers are expected to uphold moral integrity, and a criminal conviction—especially one involving fraud—could lead to calls for his removal. Additionally, this case may prompt the Osun State government, led by Governor Ademola Adeleke, to intervene and address the leadership vacuum in Ipetumodu.
On a broader scale, this incident highlights the challenges of tackling international financial crimes. COVID-19 relief fraud has been a global issue, with many individuals exploiting the chaos of the pandemic to siphon funds meant for the vulnerable. The U.S. Department of Justice’s efforts to prosecute such cases demonstrate the importance of cross-border cooperation in combating fraud.
What Can We Learn from This Case?
The conviction of Joseph Oloyede for COVID-19 relief fraud serves as a cautionary tale for those tempted to exploit emergency relief programs. It also underscores the importance of accountability, regardless of one’s status or position. Traditional rulers like Oloyede are often seen as symbols of honor, but this case reminds us that no one is immune to the consequences of criminal behavior.
For individuals and businesses, this case is a reminder to use relief funds responsibly. For governments and agencies distributing such funds, it highlights the need for stricter oversight to prevent fraud. The U.S. Marshals Service and the Department of Justice have shown that they are committed to pursuing justice, even in cases involving international figures like Oloyede.
Conclusion: A Wake-Up Call for Accountability
Joseph Oloyede’s journey from a respected monarch in Ipetumodu to a convicted fraudster in the U.S. is a stark reminder of the consequences of financial misconduct. His conviction for COVID-19 relief fraud and the subsequent forfeiture of his assets should serve as a wake-up call for leaders everywhere: integrity matters, and justice will prevail, no matter where you are in the world.
As this story continues to unfold, it will be interesting to see how Ipetumodu and the broader Nigerian community respond to this scandal. Will Oloyede face further repercussions at home? Will this case lead to greater scrutiny of traditional leaders in Nigeria? Only time will tell, but one thing is clear: the fight against COVID-19 relief fraud is far from over.
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