The Osun State Government has officially deposed the Apetumodu of Ipetumodu in Ife North Local Government Area, Oba Gbenga Joseph Oloyede, with immediate effect.

The decision was announced on Monday following approval by the State Executive Council.

Government Cites Law and Conviction

In a statement issued by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi, the government said the action followed due consultation and legal review.

It stated that the monarch’s conviction in the United States for COVID-19-related fraud influenced the decision.

“Oba Oloyede… was removed in line with state laws governing traditional institutions,” the statement read.

Staff of Office Withdrawn, Stool Declared Vacant

The state government also announced the withdrawal of the monarch’s staff of office and other instruments of authority.

This effectively declared the throne of Apetumodu of Ipetumodu vacant.

It added that security agencies have been directed to maintain peace in the community while stakeholders are urged to remain calm.

Legal Troubles in the United States

Oba Oloyede, a dual citizen of Nigeria and the United States, was sentenced in August 2025 to four years in prison for leading a COVID-19 loan fraud scheme.

U.S. authorities said he exploited emergency loan programmes meant for struggling businesses, leading to millions of dollars in losses.

He was also ordered to forfeit property and pay over $4.4 million in restitution.

Succession Tensions in Ipetumodu

The development has deepened tensions in Ipetumodu, with different ruling houses divided over the future of the stool.

Some stakeholders had earlier called on the state government to declare the throne vacant and begin the process of selecting a new monarch.

The government, however, said it will communicate the next steps in line with customary and legal procedures.