Tag: Osun State

Scams

US court jails Osun monarch over COVID-19 fraud scheme

A United States court has sentenced the Apetu of Ipetumodu in Osun State, Oba Joseph Oloyede, to 56 months in prison for his role in a multimillion-dollar COVID-19 relief fraud scheme. Oloyede, 62, who holds dual U.S. and Nigerian citizenship and resides in Medina, Ohio, was sentenced on August 26 by U.S. District Judge Christopher […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
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Osun resubmits state’s nomination for bank role, challenges CBN’s rejection

The Osun State Government has resubmitted the nomination of former Finance Commissioner Adewale Bolorunduro as a non-executive director at Living Trust Mortgage Bank to the Central Bank of Nigeria. This comes after the CBN recently rejected Bolorunduro’s appointment, citing a report from a visitation panel investigating a dispute between the bank and the state government. […]

MTN Nigeria plans public offer to sell 11% stake
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Osun govt, MTN bicker over alleged unpaid N1bn right-of-way

The Osun State government and tech giant, MTN Nigeria are presently embroiled in a dispute over an alleged unpaid Right of Way (RoW) charge and penalty totaling more than N1 billion. According to the documents, the Osun State Government is requesting that the tech company pay N945 million in RoW fees for 270 kilometers of […]