Oba Joseph Oloyede of Ipetumodu in Osun State has been sentenced to prison in the United States.

The monarch was sentenced to imprisonment by the trial judge, Christopher Boyko on Tuesday over $4.2 million (N6,447,000,000) fraud.

Reports revealed that Oba Oloyede and a Nigerian pastor, Edward Oluwasanmi were arrested in April 2024 over $4.2 million COVID 19 fraud.

According to the 13 charge sheet against Oba Oloyede and Pastor Olusanmi, the duo submitted loan applications with false information.

Justice Boyko in his ruling on Tuesday sentenced Oloyede to 56 months in prison and ordered him to “serve 3 years of supervised release after imprisonment and pay $4,408,543 in restitution”.

The US attorney’s office in the northern district of Ohio in a statement disclosed that the Nigerian monarch will forfeit the $96,006 earlier seized by investigators and his Medina residence.

The court had in July 2025, sentenced Pastor Oluwasanmi to 27 months imprisonment.