SHOCKER: US Jails Osun Monarch, Apetu of Ipetumodu, Oba Joseph Oloyede, over $4.4 Million Fraud

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In a scandal that has rocked Nigeria’s traditional institution, the Apetu of Ipetumodu, Oba Joseph Oloyede, has been slammed with a 4-year, 6-month prison sentence by a US court for his involvement in a massive $4.4 million fraud scheme.

The monarch, once celebrated in Osun State, now faces 3 years of probation after release and will remain under strict monitoring. According to the judgment, any slip into drugs, crime, or unauthorized travel will land him right back behind bars.

In addition, the court ordered him to refund $4,408,543 to victims and forfeit his property in Medina, a shocking fall from grace for a king who once lived in splendor.

The dramatic sentencing has sparked outrage, embarrassment, and heated conversations in Nigeria, with many asking how a traditional ruler entrusted with cultural heritage ended up entangled in international fraud.

From throne to prison — the Apetu’s downfall is now a global talking point.