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Champions League Draw Dishes Up Blockbusters: Who The Giants Face — And Why It’s Tough

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Europe’s elite learned their eight league-phase opponents on Thursday, August 28, after UEFA conducted the 2025/26 Champions League draw in Monaco. The revamped “league phase” means every club plays eight different opponents (four home, four away) between September and January, with the top eight advancing directly to the last-16 and 9th–24th going into a playoff. Matchdays run Sept 16–18 through Jan 28, 2026.

Real Madrid: Anfield, City and a marathon to Kazakhstan

Real Madrid’s headline ties include Liverpool away — always box-office — and Manchester City at the Bernabéu. They also host Juventus and Marseille, travel to Benfica and Olympiacos, and face a mammoth trip to Kairat Almaty in Kazakhstan. The schedule mixes glamour with grind: Anfield and Lisbon are hostile, Piraeus is notoriously fiery, and the Almaty trek is the longest of the league phase.

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Barcelona

PSG at home, Chelsea away, and a testing night on Tyneside
Barça’s draw pairs them with PSG at Montjuïc, a renewed rivalry rich in recent drama, plus Chelsea away. They also host Eintracht Frankfurt, Olympiacos and Copenhagen, and travel to Club Brugge, Slavia Praha and Newcastle United, where St James’ Park can tilt a tight night. It’s a balanced slate on paper, but the Chelsea and Newcastle trips stand out as potential swing games.

Bayern Munich: the heaviest average schedule?

Bayern landed a gauntlet: PSG away, Arsenal away, and Chelsea at home headline the board, with tricky trips to PSV and Pafos rounding it out. Early assessments peg Bayern’s slate among the toughest by average opponent quality, even if the Bavarians back themselves to lock down a top-eight berth.

Daily Schmankerl: Bayern Munich to make move for Arsenal attacker?;  Liverpool back in on Newcastle's Alexander Isak; Rasmus Højlund to Bayern?;  Inter Milan wants Kim Min-jae; and MORE! - Yahoo Sports

Paris Saint-Germain (holders)

Star-studded home nights, awkward away days
The champions welcome Bayern, Atalanta, Tottenham and Newcastle to Paris — four games that should feel like knockout nights. Away, they visit Barcelona, Bayer Leverkusen, Sporting CP and Athletic Club — an itinerary heavy on hostile atmospheres. On paper, it’s marquee-laden, but PSG’s depth should help them manage the load.

Manchester City: Real away, heavyweights at home

City’s headline is Real Madrid away, while the Etihad hosts Borussia Dortmund, Bayer Leverkusen and Napoli, three tests that should gauge City’s ceiling. They also travel to Villarreal, Bodø/Glimt and Monaco, with Galatasaray visiting Manchester. It’s a draw that looks navigable — but Real at the Bernabéu looms large.

Man City 2-3 Real Madrid: Jude Bellingham scores stoppage-time winner in  Champions League play-off first leg | Football News | Sky Sports

Liverpool: a classic with Madrid plus hostile road trips

Anfield gets Real Madrid and PSV, while Arne Slot’s side goes on the road to Inter, Atlético Madrid, Eintracht Frankfurt and Galatasaray — a murderer’s row of atmospheres — and hosts Qarabağ. The blend of a superpower showdown and rugged away days should keep Liverpool sharp throughout the phase.

Arsenal: Kane’s Bayern to London; San Siro away

The Gunners welcome Bayern Munich and Atlético Madrid to the Emirates, play Inter at San Siro, and face useful barometers in Club Brugge (away) and Athletic Club (away). Home assignments against Olympiacos and Kairat Almaty should be must-take points in a slate that’s demanding but fair.

Arsenal rescues 2-2 draw with Bayern in Champions League after Kane scores  against old rival | Arab News PK

Chelsea: Barcelona at the Bridge, three tough road trips

Stamford Bridge will stage Barcelona, Benfica and Ajax, with Pafos rounding out the home set. Away, Chelsea must visit Bayern, Atalanta, Napoli and Qarabağ — a trio of heavyweight footballing exams plus a long haul to Azerbaijan. It’s a draw with plenty of jeopardy, offset by big-night potential in London.

Tottenham Hotspur: PSG in Paris, Dortmund in London

Spurs’ calendar features PSG away — a daunting night at Parc des Princes — while Borussia Dortmund and Villarreal come to London. They also travel to Eintracht Frankfurt, Bodø/Glimt and Monaco, and host Slavia Praha and Copenhagen. If Spurs hold serve at home, they’ll like their playoff odds.

Newcastle United: Barça at home, Paris and Leverkusen away

Newcastle’s headline is Barcelona at St James’ Park, with Benfica, PSV and Athletic Club also visiting. Away trips to PSG, Bayer Leverkusen, Marseille, and Union Saint-Gilloise make this one of the Premier League’s spikier slates, full of travel, tempo and intimidation.

Inter: English heavyweights at San Siro, yellow-wall away

Inter host Liverpool and Arsenal — two Premier League showpieces — and Slavia Praha and Kairat Almaty. Their road list sends them to Borussia Dortmund and Atlético Madrid, plus Ajax and Union Saint-Gilloise. The home field should be decisive for Simone Inzaghi’s side as they bed in after a turbulent summer.

Juventus: Bernabéu test and tricky travellers

Juve’s away days include Real Madrid, Villarreal, Bodø/Glimt and Monaco — none straightforward — while Borussia Dortmund, Benfica, Sporting CP and Pafos head to Turin. The blend of historical bogey teams and long-haul logistics means focus will be at a premium for Thiago Motta’s men.

San Siro demolition: Latest news on AC and Inter Milan plans | Will San Siro  rebuild go ahead? Where will new AC Milan stadium be? What do fans make of  sad San

Atlético Madrid: Road Grit Required

Atlético must visit Liverpool, Arsenal, PSV and Galatasaray, while hosting Inter, Eintracht Frankfurt, Bodø/Glimtand Union SG. It’s a draw that screams “Cholo-ball”: sturdy away performances will define their ceiling, with the Metropolitano expected to deliver points.

Nigeria Immigration Service Raises International Passport Fees

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The Nigeria Immigration Service (NIS) has announced an upward review in the cost of obtaining the Nigerian Standard Passport, which will take effect from September 1, 2025.

In a statement released on Thursday by the Service Public Relations Officer, ACI AS Akinlabi, the agency clarified that the new charges will apply solely to applications processed within Nigeria.

According to the NIS, the decision to adjust the fees was made to maintain the quality and integrity of the Nigerian Passport.

Under the new pricing structure, a 32-page passport with a five-year validity period will now cost N100,000, while a 64-page passport with a 10-year validity will be priced at N200,000.

“The review which only affect Passport Application fees made in Nigeria, now set a new fee thresholds for 32-page with 5-year validity at N100,000 and 64-page with 10-year validity at N200,000,” the statement read.

“Meanwhile, Nigerian Passport Application fees made by Nigerians in diaspora remain unchanged at $150 for 32-page with 5-year validity and $230 for 64-page with 10-year validity.”

The NIS reaffirmed its commitment to providing efficient service delivery while ensuring that Passport services remain accessible to Nigerians both at home and abroad.

Access Holdings Names Innocent Ike As New GMD/CEO

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Access Holdings Plc has officially appointed Mr. Innocent Ike as its substantive Group Managing Director/Chief Executive Officer, effective August 29, 2025, after securing regulatory approval.

The announcement was made in a statement issued on Wednesday and signed by the company secretary, Sunday Ekwochi. It comes just hours after Roosevelt Ogbonna resigned from the company’s board in compliance with new corporate governance rules introduced by the Central Bank of Nigeria.

Ike succeeds Ms. Bolaji Agbede, who has been serving as Acting Group CEO for the past 18 months following the death of former Group CEO, Herbert Wigwe, in 2024. Agbede will now return to her position as Executive Director, Business Support.

Access Holdings Chairman, Aigboje Aig-Imoukhuede, said Ike’s appointment marks the beginning of a new chapter for the group.

He stated, “We are thrilled to welcome Mr. Innocent Ike as we move forward. At the same time, we want to express our deepest gratitude to Ms. Bolaji Agbede.

“Her outstanding contributions over the past 18 months have been invaluable, and we appreciate her dedication in navigating the Company through challenges and opportunities. While regulatory requirements necessitate this change, we are grateful for the strong foundation that has been laid.”

During Agbede’s tenure, the company recorded key achievements, including maintaining workforce stability, executing a N351bn rights issue, and successfully hosting two annual general meetings.

Reacting to his appointment, Ike said, “I am honoured to take on the role of Group Managing Director/Chief Executive Officer and excited to work alongside the talented team at Access Holdings.

“I look forward to building on the strong legacy established by Herbert Wigwe and Bolaji Agbede, and driving our vision forward, ensuring we continue to deliver exceptional value to our shareholders and stakeholders.”

Ike is an accomplished professional with a strong academic and professional background. A graduate of the University of Lagos, where he emerged as the Best Graduating Student in Accounting in 1988, he is a Fellow of both the Chartered Institute of Bankers of Nigeria and the Institute of Chartered Accountants of Nigeria, as well as a certified IFRS expert.

With more than 30 years of experience in banking and financial services, Ike previously worked at Access Bank for a decade, rising to the position of General Manager. He later served as Managing Director/CEO of Polaris Bank from 2020 to 2022, where he spearheaded the launch of VULTe, the bank’s award-winning digital platform.

What Deji Adeyanju Said To Peter Obi That Got Him Sued

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Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has threatened legal action against rights activist and lawyer Deji Adeyanju over what he described as a series of defamatory statements published on social media.

In a formal demand letter issued by his legal representatives, Ejesimen & Co Madiba Chambers, Obi accused Adeyanju of deliberately damaging his reputation with false allegations. The letter, seen by journalists, gave Adeyanju notice to retract his posts and issue an apology or face a defamation suit in court.

What Deji Adeyanju Said That Triggered The Suit

The demand notice referenced Adeyanju’s repeated criticisms of Obi over the years, including an earlier account in which the activist alleged Obi once attempted to buy his loyalty after a private meeting.

“He tried to give me money and called it thank you for coming, it’s 100% true,” Adeyanju had claimed in a post on X, suggesting that Obi’s gesture was an attempt to compromise him.

More recently, on August 21, Adeyanju accused Obi of misusing public resources during his tenure as governor by allegedly investing Anambra State funds into a company linked to his family. This post, the lawyers argued, formed part of a deliberate smear campaign against Obi’s public image.

The Dispute Over Serah Ibrahim And Adeyanju’s Wife

The latest clash escalated after Adeyanju sued Obi’s female aide, Serah Ibrahim, accusing her of making defamatory remarks about his wife. According to Adeyanju, Ibrahim had described his wife as an “OnlyFans hoe” and published “unprintable things” after he criticised Obi online.

“We served his little errand girl, Serah, a letter to retract all her defamatory publications on Monday against my wife, and she ran to the leader of the mob for help,” Adeyanju said. “Obi cannot save her, and I am ready for him in court 100%.”

Ibrahim, however, denied calling Mrs Adeyanju a prostitute. “I only said she constantly posts pics of butt, the kind you’d typically see on OnlyFans wannabe,” she clarified. “I didn’t say she’s a whore. But if he wants to call his wife a whore, who am I to disagree?”

Adeyanju’s Mocking Response To Obi’s Demand Notice

Rather than retreating, Adeyanju openly mocked Obi’s legal threat in a Facebook post.
“Just got this letter from Peter Obi, the religious bigot, demanding a retraction from me. I laughed so hard. I can’t wait to meet him in court finally. A fraud parading himself as a messiah,” he wrote.

The activist went further to argue that Obi’s legal step indirectly confirmed that his aides were behind defamatory attacks against opponents online. “It proves what we have always suspected; he is the one sending them to defame people online because they are his aides,” Adeyanju claimed.

Obi’s Lawyers’ Position And Demands

In their letter, Obi’s lawyers demanded Adeyanju publish a public retraction of his statements across the same platforms where he allegedly defamed Obi. They also asked for an unreserved apology, warning that failure to comply would result in immediate court proceedings.

The legal team emphasized that Obi’s reputation as a national political figure was at stake, and the activist’s persistent remarks were aimed at discrediting his image before Nigerians.

Adeyanju, a long-time critic of Obi, has consistently dismissed the Labour Party leader’s political ambition, insisting he will never become Nigeria’s president. He has also been in frequent clashes with Obi’s supporters, popularly known as Obidients, accusing them of intolerance and coordinated online attacks.

The ongoing legal tussle now extends that rivalry into the courtroom, potentially setting up a high-profile defamation case between one of Nigeria’s most vocal activists and a leading opposition figure.

Russia Launches Massive Overnight Strikes On Kyiv

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Russian forces carried out a “massive” overnight assault on Kyiv on Thursday, unleashing strikes that killed at least four people and injured around 30 others, according to Ukrainian officials.

The attack occurred as Moscow and Kyiv exchanged blame over stalled diplomatic efforts toward a peace deal led by US President Donald Trump. AFP correspondents in Kyiv reported seeing powerful explosions lighting up the night sky, followed by plumes of smoke.

Ukraine’s Interior Minister, Igor Klymenko, confirmed that four people were killed and “about 30 people” wounded. Tymur Tkachenko, head of the city’s military administration, added that the dead included a 14-year-old girl, while five other children between the ages of seven and 17 sustained “injuries of varying severity.”

Kyiv Mayor Vitali Klitschko described the strikes as a “massive attack” that damaged several districts of the capital. Tkachenko further revealed that Moscow had launched ballistic and cruise missiles, as well as Iranian-made Shahed drones, from multiple directions in an attempt to “systematically” strike residential buildings.

AFP journalists witnessed red tracer bullets streaking across the night sky as Ukrainian forces attempted to intercept drones. At least one missile appeared to have been shot down. About 100 residents sought shelter in a subway station, with some lying in sleeping bags and others clutching their pets.

Klitschko also reported that a five-story residential building in the Darnytsky district had collapsed, while a shopping mall in central Kyiv was struck.

– Ukrainian Strikes on Russia –

The attack followed one of Kyiv’s deadliest assaults in the three-year war on July 31, which left more than 30 people dead, including five children. Ukrainian officials also confirmed a Russian strike in the southeastern Zaporizhzhia region on Thursday.

Meanwhile, Russian authorities claimed to have destroyed more than 100 Ukrainian drones overnight. Local officials said a Ukrainian drone attack caused a fire at an oil refinery in the Krasnodar region but reported no casualties.

In recent months, Russian forces have been slowly advancing on Ukrainian territory, even as diplomatic talks have intensified. Earlier this month, Trump hosted a high-profile summit with Russian President Vladimir Putin in Alaska, followed by a meeting with Ukrainian President Volodymyr Zelensky and European allies.

Despite these engagements, little progress has been made. Ukraine insists that any peace agreement must include security guarantees from the West to deter future Russian aggression. Moscow, however, has dismissed Kyiv’s demands as unrealistic and particularly opposed the idea of Western peacekeeping troops being stationed in Ukraine.

On Wednesday, Zelensky announced that his administration would meet with US officials in New York on Friday. He also criticized Moscow’s stance, saying he had seen “very arrogant and negative signals from Moscow regarding the negotiations,” and urged greater “pressure” to “force Russia to take real steps.”

Tinubu Returns To Nigeria After Diplomatic Visits To Japan And Brazil

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President Bola Tinubu arrived back in Abuja on Thursday after concluding diplomatic engagements in Japan and Brazil.

In a statement released by his spokesperson, Bayo Onanuga, it was disclosed that the presidential jet departed Brasília International Airport Air Force Base at 12:57 pm (local time) on Wednesday and touched down in Abuja early Thursday morning.

During his time in Japan, Tinubu participated in the opening ceremony and plenary of the ninth Tokyo International Conference on African Development (TICAD9) on August 20. He also held bilateral meetings and wrapped up his visit with an interactive session with members of the Nigerian community.

After TICAD9, the President departed Yokohama with a stopover in Los Angeles before heading to Brasília, Brazil.

While in Brazil, Tinubu met with President Luiz Inácio Lula da Silva and senior officials. Both leaders held private discussions and presided over the signing of five Memoranda of Understanding covering aviation, foreign affairs, science and technology, and agriculture sectors central to Nigeria’s growth agenda.

On his return to Nigeria, the President was received by a delegation of dignitaries and government officials.

CBN POS Geotagging: What It Means For Nigeria’s Payment System

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The Central Bank of Nigeria (CBN) has issued a new directive requiring all participants in the nation’s payment ecosystem to fully migrate to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025.

In a circular released on its official website on Tuesday, the apex bank reminded Deposit Money Banks, Microfinance Banks, Mobile Money Operators, Switching and Processing Companies, Payment Terminal Service Providers, Payment Solution Service Providers, Super Agents, and other licensed operators that ISO 20022 now represents the global benchmark for payments messaging.

The document, signed by the Director of the Payments System Supervision Department, Dr. Rakiya Yusuf, and dated August 25, 2025, explained that the directive is in line with SWIFT’s global migration timeline and is designed to ensure consistent, high-quality data across Nigeria’s financial system.

“All payment transaction messages exchanged domestically or internationally must be formatted in ISO 20022 in line with CBN and SWIFT specifications,” the circular emphasized. It further noted that institutions must also ensure the correct population of all mandatory data fields, including payer and payee identifiers, merchant and agent identifiers, as well as transaction metadata.

The CBN highlighted that compliance with these rules is mandatory and warned that all affected institutions must conclude migration activities and achieve full compliance before the October 31 deadline. Compliance validation exercises, according to the bank, will begin on October 20, 2025.

Beyond messaging standards, the circular also introduced the compulsory geo-tagging of payment terminals as a measure to strengthen oversight and combat fraud in the electronic payments space. Under this requirement, all existing and newly deployed terminals must come with native geolocation services enabled, double-frequency GPS receivers, and be registered with a Payment Terminal Service Aggregator (PTSA) using precise latitude and longitude coordinates.

Additionally, the apex bank mandated that Android OS version 10 will serve as the minimum software requirement for all payment terminals to ensure seamless compatibility with the National Central Switch’s geolocation monitoring framework.

The directive made it clear that terminals not routed through a PTSA will be barred from processing transactions, while geo-location data must be captured at the point of transaction and embedded in the message payload as a compulsory reporting field.
“All existing terminals must be geo-tagged within 60 days of this circular; new terminals going forward must be geo-tagged before certification and activation,” it added.

Why Is Geotagging Important

According to the CBN, these reforms aim to fortify Nigeria’s payments infrastructure, improve transparency, and align the country’s financial system with international best practices.

Geo-tagging refers to the process of attaching geographical information such as latitude and longitude to digital content like photos, videos, or websites.

This allows the content to be pinpointed with high accuracy. It can be automatically embedded by smartphones, applied during social media check-ins, or manually added through digital maps.

The technology is valuable for tracking, marketing, and delivering location-based services to users. This is why the CBN’s decision to geo-tag PoS terminals is so critical.

According to the apex bank, the initiative will help eliminate “ghost” or cloned terminals while also enabling real-time monitoring of payment activities.

In recent years, PoS terminals have unfortunately become a channel for criminal operations, including ransom payments to kidnappers, unauthorized withdrawals using stolen ATM cards, deceit-induced transfers, and even terrorism financing.

These crimes often thrive because many institutions lack the infrastructure for real-time reporting and tracking.
Now, with the CBN introducing mechanisms to monitor PoS transactions in real-time, it will be increasingly difficult for fraudulent activities through these channels to go undetected.

Though this move may not completely eradicate financial crimes, it clearly reflects the CBN’s strong commitment to fighting fraud and illicit money flows. If effectively implemented, it could also provide law enforcement with timely data to make arrests and enforce accountability where violations occur.

What Changes Will It Bring To Nigeria’s Payment System?

Greater Transparency And Fraud Prevention

By requiring all Point-of-Sale (PoS) terminals to be geo-tagged, the CBN aims to eliminate “ghost” or cloned devices that have been exploited for fraudulent activities. Every terminal now must be registered with precise GPS coordinates and remain within a 10-metre radius of its registered location during transactions.

The addition of double-frequency GPS receivers and integration with the National Central Switch means that authorities can monitor and flag suspicious movements or misuse in real time.

Improved Oversight And Accountability

Operators including banks, fintechs like Moniepoint, OPay, PalmPay, and other licensed providers are held responsible for ensuring all their PoS terminals are compliant. Non-compliant devices will be disabled starting October 20,2025.

This measure supports stronger regulatory oversight and ensures that all transactions are traceable and conducted in authorised locations, thereby boosting confidence in the payment ecosystem.

Geotagging Challenges In Implementation

While the geotagging mandate promises enhanced security, it presents significant logistical hurdles. With an estimated 4–6 million active terminals across Nigeria, the requirement to geotag all within 60 days demands an immense operation roughly 60,000 devices daily with skilled personnel and infrastructure upgrades.

Many older or legacy terminals lacking built-in GPS will need costly retrofitting, potentially squeezing small operators and impacting financial inclusion efforts.

Abuja-Kaduna Train Derailment: NRC MD Takes The Blame

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On Tuesday, August 26, at approximately 11:09 a.m., a major derailment occurred along the Abuja–Kaduna railway line, leaving several passengers injured and halting rail services on the corridor.

The incident happened between Asham and Kubwa stations and involved a Kaduna-bound passenger train operated by the Nigerian Railway Corporation (NRC).

According to eyewitnesses, nearly all coaches left the track except for a single VIP executive coach, and at least two coaches were severely damaged, while others veered off but remained mostly intact.

“We were all terrified. I was on the floor, that’s how scared I was,” one shaken passenger recounted.

The National Emergency Management Agency (NEMA) responded swiftly to the scene, administering first aid to victims at Idah Primary Health Centre and transporting others to hospitals in Kaduna.

The NRC confirmed that six passengers were injured, with four seriously hurt and two treated and discharged on the same day. No fatalities were recorded.

Investigators Begin Probe Into Abuja–Kaduna Train Derailment - Nigeria Info  FM

The train was carrying 618 passengers at the time of the derailment, and refunds are being processed for all affected passengers.

NRC MD Takes Full Responsibility

Abuja-Kaduna Train Derailment: NRC MD Takes Responsibility

NRC Managing Director Dr. Kayode Opeifa has publicly taken responsibility for the incident in an interview.

“Beyond apologizing to Nigerians, I want to state clearly as the Managing Director and Chief Executive, I take full responsibility. When it comes to safety, there is no room for indifference. Once something like this happens, the chief executive must own it and I do.”

He assured the public that reconstruction of the damaged section will begin only after clearance from the Nigerian Safety Investigation Bureau (NSIB), which is currently investigating the incident.

“We shut down the Warri–Itakpe route three weeks ago for safety; we will apply the same safety audits to all routes,” Opeifa added, signalling a wider safety overhaul across NRC’s network.

Government Response And Investigation

President Bola Ahmed Tinubu, currently on an official trip abroad, issued a statement on his X handle, expressing concern and promising swift action.

“I await a full briefing to ensure swift action and support for all affected,” he wrote.

Meanwhile, the NSIB has deployed a technical team to the site to conduct a comprehensive investigation. The bureau is gathering data, examining technical components, and interviewing eyewitnesses and NRC staff. The outcome will inform safety recommendations and guide reconstruction efforts.

Until the NSIB clears the site, the Abuja–Kaduna train service remains suspended, and operations on that corridor will not resume. Dr. Opeifa has confirmed that full reconstruction and safety audits will begin once the investigation is complete. Additionally, the NRC is planning a network-wide audit, similar to one recently conducted on the Warri–Itakpe line, to prevent future incidents and ensure passenger safety.

Niger Delta Youths Barricade NNPCL Towers, Demand GCEO’s Resignation

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A coalition of Niger Delta youth leaders on Wednesday blocked the entrance of the Nigerian National Petroleum Company Limited (NNPCL) Towers in Abuja, demanding the resignation of the Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, over alleged corruption and mismanagement.

The protesters also insisted that the next head of the oil company should come from the Niger Delta region.

Arriving at the facility as early as 6 a.m., the youths mounted barricades at the entry and exit points of the NNPCL headquarters, chanting solidarity songs and carrying placards. Music blared from loudspeakers mounted on a truck parked near the building, creating heavy disruption in the area.

The protest caused gridlock along Herbert Macaulay Way in the Central Business District, forcing commuters and workers to seek alternative routes. Security personnel, including police officers, were deployed to the scene to prevent a breakdown of law and order. They diverted traffic to a single lane and appealed to the protesters to remain peaceful.

Following intervention from a representative of the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, the demonstrators later left the highway and moved towards the exit gate of the towers, allowing traffic to flow more freely.

Despite the disruption, the demonstration remained peaceful.

U.S. Court Jails Osun Monarch Four Years Over $4.2m COVID-19 Fraud

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The Apetu of Ipetumodu in Osun State, Oba Joseph Oloyede, has been sentenced to 56 months in prison in the United States for his role in a multi-million-dollar COVID-19 relief fund fraud.

Oloyede, 62, who holds both Nigerian and U.S. citizenship and resides in Medina, Ohio, was convicted on August 26 by U.S. District Judge Christopher A. Boyko. Alongside the jail term, he was ordered to serve three years of supervised release, pay restitution of $4,408,543.38, and forfeit assets, including his Medina home and nearly $100,000 seized during the investigation.

According to the U.S. Attorney’s Office for the Northern District of Ohio, Oloyede spearheaded a conspiracy with Edward Oluwasanmi to exploit federal loan programmes designed to support struggling businesses during the pandemic.

Between April 2020 and February 2022, the duo submitted numerous fraudulent applications under the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the U.S. Small Business Association (SBA). In April this year, both men pleaded guilty to wire fraud and tax fraud.

Court filings revealed that Oloyede, who also worked as a tax preparer, used multiple business entities—including five companies and a nonprofit—to secure fraudulent loans worth about $1.7 million. His partner, Oluwasanmi, used three business entities to obtain approximately $1.2 million.

The fraud extended beyond their own companies. Prosecutors said Oloyede also submitted fake applications on behalf of some of his tax clients, collecting between 15 and 20 percent of the loans as kickbacks, which he failed to report to the Internal Revenue Service.

Investigators found that the monarch spent some of the illicit funds on land acquisition, building a residence, and purchasing a luxury vehicle. In total, Oloyede was linked to 38 fraudulent loan applications amounting to over $4.2 million.

Oluwasanmi, 62, of Willoughby, was earlier sentenced in July to 27 months in prison. He was also ordered to pay more than $1.2 million in restitution, forfeit a commercial property bought with fraud proceeds, and relinquish over $600,000 held in bank accounts.

The case was jointly investigated by the Department of Transportation Office of the Inspector General, the FBI Cleveland Division, and IRS-Criminal Investigations, under the Pandemic Response Accountability Committee Fraud Task Force.

Prosecution was handled by Assistant U.S. Attorneys Edward D. Brydle and James L. Morford for the Northern District of Ohio.