Who is Joseph Oloyede? Biography
Oba Joseph Olugbenga Oluwafunminiyi Oloyede Latimogun I is the traditional ruler of Ipetumodu, a town in Osun state, in the southwestern area of Nigeria. The town is the headquarters of the Ife North local government area. The king’s title is Apetumodu of Ipetumodu, which translates “one who killed an antelope for sacrificial purposes for Odu”.
Oloyede, the 27th king and traditional ruler of Ipetumodu ascended the throne in November 2019 after his appointment was approved by the Osun state government in October of same year. This followed the demise of the Oba James Adedokun Adegoke. Adegoke’s demise was in November 2017.
How old is Joseph Oloyede?
While we cannot authoritatively confirm the date of birth of Joseph Oloyede, we gathered he was born either in 1962 or 1963. The king is currently 62 years old.
A check at the Facebook page of Apetumodu suggests the monarch was born on December 7, 1962.
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Tribe and state of origin
Oba Oloyede holds an American citizenship. In Nigeria, he is from Ipetumodu, a town in Ife North Local Government Area of Osun state.
He is of the Yoruba tribe.
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Parents
- Father: Peter Olalekan Oloyede; he hails from the Latimogun Compound of Ipetumodu
- Mother: Florence Aderiyike Oloyede (née Akinleye); she hails from the Jagun Alagbe Compound of Ipetumodu
- Grandfather: James Odeyemi Oloyede
- Grandmother: Eunice Oloyede
Family: Wife and children
Oba Joseph Oloyede is married to Olori Tejumade Adetola Oloyede.
Education
Joseph Oloyede attended primary school Christ Church II and C & S Modern Commercial Secondary School for his elementary and secondary education in Ipetumodu. He had his first tertiary education at The Polytechnic Ibadan (TPI) where he obtained a National Diploma in Accountancy.
He would later further his education to obtain a Master of Business Administration (MBA, Banking & Finance) from Enugu State University of Science and Technology and another MBA in International Business Management from the University of Sarasota, Florida. He later completed a Doctorate in Business Administration at Argosy University, Florida.
Summary of Joseph Oloyede’s education
- Primary school – Christ Church School II, Ipetumodu
- Secondary school – Cherubim and Seraphim Modern Commercial Secondary School and Catholic Technical College, Ile-Ife
- National Diploma in Accountancy – The Polytechnic, Ibadan
- MBA in Banking & Finance (1995-1997) – Enugu State University
- MBA in International Business (1998 – 1999) – Argosy University Sarasota*
- Doctorate of Business Administration (DBA) in Accounting (2002-2011) – Argosy University Sarasota*
*Argosy University-Sarasota was one of the campuses of Argosy University, a private university that closed in 2019. Argosy University was a private for-profit university with campuses throughout the United States owned by Dream Center Education Holdings (DCEH), LLC. it shut down after the U.S. Department of Education announced it no longer would provide financial aid to the private university because it had failed to properly administer the money in what the department called “a grievous breach” of the university’s responsibility.
Career
Joseph Oloyede is a tax consultant. He worked as the Assistant Vice President – Financial Planning & Analysis at Key Bank, an American Commercial & Institutional Bank between March 2001 and September 2007, according to his LinkedIn profile. The profile also stated that he worked as Associate Faculty at the University of Phoenix from April 2004 until December 2018; concurrently, he worked as Assistant Professor of Accounting at Indiana Wesleyan University from January 2003 until May 2021.
He is a member of Institute of Chartered Accountant of Nigeria, Member American Accounting Association, Member Institue of Mangement Accountants and Member Association of Certified Fraud Examiners.
He has worked at John Holt Financial Marchant Bank, First Bank of Nigeria (Merchant Bank).
He ascended the throne as the Apetumodu of Ipetumodu in November 2019.
One of his acts as the king of Ipetumodu include conferring the traditional title of the Oluomo of Ipetumodu on Femi Adesina, a former presidential spokesman.
Despite being a traditional ruler, Oba Joseph Oloyede prefers the title of a pastor.
Net worth
Joseph Oloyede is considerably wealthy, however, his FBI case has made the source of his wealth questionable.
Controversy
Selection as Oba
Oba Joseph Oloyede was accused of favoritism by other candidates for the throne. In an interview with the Guardian, a contestant, Prince Biodun Oloyede claimed “the person who is the head of the four Afobaje (kingmakers), Chief Sunday Adedeji, had a certain candidate in mind he wanted enthroned as the next Oba of Ipetumodu. He did everything to favour this particular candidate, whose name is Gbenga Joseph Oloyede”.
“It was the considered opinion of the four other candidates that Chief Adedeji rigged the selection in favour of his preferred candidate, who comes from the same compound with him (the Latimogun Compound.)
“Immediately after the so-called selection or nomination, the other four compounds held a meeting and rejected the candidate’s selection. This was the situation until one of us went to court.”
FBI case
Since he ascended the throne Oba Oloyede frequently travel to the United States where he is also a citizen for “royal and personal engagements”. Before his ascension, Oloyede was primarily based in Cleveland, United States.
However, he mysteriously went missing in March 2024 raising concerns among indigenes of Ipetumodu after his throne was vacant for nearly a year. He reportedly missed three major traditional festivals, including the annual ‘egungun festival and Edi celebration’.
Surprisingly, he was in February 2025 found in the custody of the United States Federal Bureau of Investigation (FBI).
A statement issued by the U.S. Attorney’s Office, Northern District of Ohio said a federal grand jury indicted Oloyede and one Edward Oluwasanmi for conspiracy, wire fraud, and money laundering.
According to the indictment, from in or around April 2020, and continuing through on or about February 28, 2022, Oloyede and Oluwasanmi devised a scheme to defraud the SBA and financial institutions by obtaining COVID-19 relief funds from the SBA’s Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP) under false pretenses.
The indictment states that Oloyede and Oluwasanmi submitted PPP and EIDL loan applications containing false information for entities under their control and submitted falsified tax and wage documents to support these applications.
The indictment alleges that they obtained approximately $1.2 million in SBA funds for Oluwasanmi’s entities and $1.7 million for Oloyede’s entities. Oloyede is also alleged to have submitted falsified PPP and EIDL loan applications in the names of other co-conspirators and confederate borrowers and their businesses, obtaining approximately $1.3 through those applications, for a total of at least $4.2 million obtained through the fraud.
After about one year in court, Oloyede pleaded guilty to some of the 13 fraud charges against him. The US court his expected to rule on the matter July 2, 2025.
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Disclaimer
The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.
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