
News
U.S. Court jails Osun Monarch over $4.2m fraud
Oba Joseph Oloyede, the Apetu of Ipetumodu in Osun State, has been sentenced to four years and eight months in prison by a U.S. District Court.
Oloyede, 62, and his associate, Edward Oluwasanmi, also 62, were convicted for creating fake businesses to defraud the U.S. government of $4.2 million in coronavirus relief funds.
Both men, who owned legitimate businesses, were found guilty of setting up fictitious ones on paper, falsifying loan applications meant to support struggling small businesses during the pandemic, and recruiting others to fill out fraudulent forms.
“From about April 2020 to February 2022, Oloyede and his co-conspirator, Edward Oluwasanmi, conspired to submit fraudulent applications for loans that were made available through the U.S. Small Business Association (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
“Investigators learned that the defendant used funds obtained from these loans to acquire land and build a home and purchase a luxury vehicle,” the U.S. Attorney’s Office for the Northern District of Ohio said in a statement on Tuesday.
The duo had earlier pleaded guilty to charges of wire fraud and tax fraud in April this year.

Oluwasanmi was sentenced in July to 27 months in prison, ordered to pay more than $1.2 million in restitution, forfeit a commercial property, and surrender over $600,000.
In addition to his prison term, Oloyede, who holds dual citizenship in the U.S. and Nigeria, was ordered to serve three years of supervised release after imprisonment and pay $4,408,543.38 in restitution.
“He also forfeited his Medina home on Foote Road, which he had acquired with proceeds of the scheme, and an additional $96,006.89 in fraud proceeds investigators had seized,” the statement added.
News
Tinubu hails release of 24 Kebbi schoolgirls
President Bola Tinubu has welcomed the release of the 24 schoolgirls abducted by terrorists in Maga, Kebbi State, last Monday.
Reports said the terrorists struck the school at dawn on November 17 and abducted the girls, moments after a military detachment left the premises.
The Kebbi incident triggered other copycat kidnappings in Eruku, Kwara State, and Papiri, Niger State.
It was reported that all 38 kidnapped victims in Eruku were freed on Sunday.
On the same day, the Niger State chairman of the Christian Association of Nigeria said 50 of the missing students of the Catholic school in Niger had been found in their parents’ homes.
Bayo Onanuga, the spokesperson to the President, said that Tinubu has applauded the security agents for their efforts in securing freedom for all the victims taken away by the terrorists.

He further tasked the security agencies to intensify efforts to rescue the remaining students still being held captive.
“I am relieved that all the 24 girls have been accounted for. Now, we must put as a matter of urgency more boots on the ground in the vulnerable areas to avert further incidents of kidnapping,” Tinubu said, according to Bayo Onanuga.
“My government will offer all the assistance needed to achieve this,” President Tinubu said.
News
BREAKING: 25 abducted Kebbi schoolgirls regain freedom
The 25 schoolgirls abducted from Government Girls’ Comprehensive Senior Secondary School, Maga, in Kebbi State have regained their freedom.
Reliable government and security sources confirmed the development on Tuesday.
Sources said that the girls were rescued earlier today and are being transported to the Government House in Birnin Kebbi for medical examination and debriefing.
“The girls have been freed. They are on their way to the State House,” a senior official said.
Although the rescue has been confirmed, details of how the schoolgirls were freed had not been made available as at the time of filing this report.
Security sources, however, said the breakthrough followed intensified joint operations involving the military, police, vigilantes, and intelligence teams across forest routes in the area.

The students were abducted on Monday, November 17, when gunmen invaded their boarding school in Maga.
News
Tinubu orders total security cordon on Kwara forests, says aide
President Bola Tinubu has ordered a comprehensive security cordon on forests in Kwara State following recent incidents of kidnappings and terrorist activities.
The directive was disclosed on Tuesday in a statement posted on X by the Special Adviser on Media and Public Communication to the President, Sunday Dare.
According to Dare, the President instructed the Nigerian Air Force to expand air surveillance across the innermost parts of the forests in Kwara, where terrorists are believed to be hiding.
He said, “President Tinubu has ordered total security cordon over the forests in Kwara State following recent kidnappings and terrorist activities.
“President Tinubu directed the Air Force to expand its air surveillance across the innermost parts of the forests in Kwara State where it is believed the terrorists are hiding. They are to maintain a 24-hour surveillance and link up with the boots on the ground.”
Dare added that the “order equally applies to the Kebbi and Niger States axis where many are expected to be rescued. Communities are also urged to provide timely information about strange movements and activities to aid the work of the security forces.”

The directives come in the wake of the recent abduction and rescue of 38 churchgoers in Eruku, and the reported kidnapping of at least 10 residents on Monday evening in Isapa, a neighbouring community in Ekiti Local Government Area of Kwara State.
It was gathered that the latest attack occurred around 6 p.m. when between 20 and 30 bandits stormed the quiet agrarian settlement with a large herd of cattle, shooting indiscriminately as residents fled for safety.
Our correspondent gathered that the attackers moved through several parts of the town, firing shots into homes and whisking away residents, including a pregnant woman, two nursing mothers and children.
The Isapa attack is the third major assault on Ekiti LGA communities in less than a month.
Three weeks ago, 18 residents were kidnapped in Eruku but later rescued.
Last week, 38 worshippers were abducted inside a church in Eruku during a thanksgiving service and were also later released.
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