Apetu of Petu facing fraud charges in US
By Ologeh Joseph Chibu
A prominent Oba in Osun State the Apetu of Ipetumodu, Oba Joseph Oloyede is currently facing fraud charges in the United States.
He had disappeared from his community 11 months ago.
Oloyede assisted co-conspirators and confederate borrowers who submitted and caused to be submitted PPP and EIDL loan applications containing false information,” the FBI document states.
He is now in the custody of U.S. Federal Bureau of Investigation (FBI).
Oloyede assisted co-conspirators and confederate borrowers who submitted and caused to be submitted PPP and EIDL loan applications containing false information,” the FBI document stated.
The traditional ruler is facing charges of the U.S. government of $4.2 million.
The US authorities have already slammed 13-count charges against him at the U.S. District Court for the Northern District of Ohio.
His subjects have made several efforts to locate him without success.
On one occasion he held a meeting with his subjects through a zoom meeting but his face was not seen prompting suspicion that he was nor actually the one talking to his subjects.
Reports claimed that the arrested Oba Oloyede on May 4, 2024.
This was after a warrant of arrest was issued by the U.S. District Court.
He was said to have launched a criminal plot to defraud the United States Government through six registered concerns which he used to obtain COVID 19 pandemic relief loans.
The funds were meant for small scale businessmen which the Oba was said to have embezzled.
He was also accused to have provided forged financial documents which he used to secure loans under the Economic Injury Disaster Loan (EIDL) program.
Four of his companies—Available Tax Services, Available Tutors, Available Financial, and Available Transportation were said to have received over $100,000 in loans.
He also got additional loans of $500,000 each for his company JO&A and Available Transportation.
