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United States Jails Nigerian Monarch Over $4.2 Million Covid-19 Loan Fraud

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The Apetu of Ipetumodu in Osun State, Oba Joseph Oloyede, has been sentenced to more than four years in prison in the United States.

The monarch, 62, was convicted on charges of conspiracy to exploit COVID-19 emergency loan programmes created for struggling businesses.

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Oloyede, who holds dual U.S. and Nigerian citizenship and resides in Medina, Ohio, was on August 26 handed 56 months in prison by U.S. District Judge Christopher A. Boyko.

In a statement by the U.S. Attorney’s Office for the Northern District of Ohio on Tuesday, the monarch, was also 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.

“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,” the statement read.

In April, the duo pleaded guilty to wire fraud and tax fraud charges linked to a pandemic relief scam that siphoned over $4.2m in federal stimulus funds.

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The court was told that Oloyede, who also worked as a tax preparer, “operated five businesses and one nonprofit, while Oluwasanmi owned an additional three business entities.

“Both defendants used their businesses to submit loan applications using false information.

“They obtained approximately $1.2 million in SBA funds for Oluwasanmi’s entities and $1.7 million for Oloyede’s entities,” the statement added.

According to investigators, “Oloyede submitted fraudulent PPP and EIDL applications in the names of some of his clients and their businesses.

“In exchange, Oloyede would receive 15-20% of their loans as the fee, or kickback, for obtaining the loans for them, without reporting this income to the IRS on his own tax returns.”

The funds were then used for personal gain, prosecutors said.

“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 disclosed.

In all, Oloyede “caused the SBA to approve 38 fraudulent applications, amounting to $4,213,378 in disbursed loans and advances.”

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Politics

Say Goodbye To These Diseases By Eating Sugarcane Regularly

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Say Goodbye To These Diseases By Eating Sugarcane Regularly

Sugarcane is often enjoyed as a sweet, refreshing treat, especially on hot days.

But beyond its natural sweetness, sugarcane is packed with nutrients and health benefits that can help your body fight off and even prevent several diseases.

Eating sugarcane regularly—or drinking its fresh juice—can be a simple, natural way to boost your health and say goodbye to some common illnesses.

One of the biggest benefits of sugarcane is its ability to support liver health.

Sugarcane juice is a natural detoxifier, helping to flush out harmful toxins from the liver and bloodstream.

It’s especially beneficial for people suffering from jaundice, as it helps restore the liver’s function and maintain the right levels of electrolytes in the body.

Regular consumption can keep your liver healthy and improve digestion.

Sugarcane is also a great friend to your digestive system.

It contains potassium and natural fiber, which help prevent constipation, bloating, and stomach acidity.

Drinking sugarcane juice after meals can improve bowel movements and support the growth of good gut bacteria, making your digestive system stronger and more balanced over time.

Another major health benefit is its positive effect on the kidneys and urinary system.

Sugarcane juice acts as a natural diuretic, encouraging urine flow and helping to keep your kidneys clean.

This can reduce the risk of urinary tract infections and kidney stones.

It also helps maintain proper hydration, which is crucial for kidney function.

For those concerned about infections and low immunity, sugarcane offers a natural boost.

It is rich in antioxidants, such as flavonoids and phenolic compounds, which fight free radicals and strengthen the immune system.

This can help your body ward off infections like colds, flu, and fever.

Lastly, sugarcane supports healthy skin and prevents acne.

Its detoxifying properties clear impurities from the blood, leading to a clearer, glowing complexion over time.

In short, sugarcane is more than just a sweet treat—it’s a natural medicine.

By eating sugarcane regularly or drinking its fresh juice, you can protect your liver, boost digestion, improve kidney health, strengthen immunity, and even achieve healthier skin.

It’s a simple, affordable, and tasty way to say goodbye to several common diseases naturally.

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Lifestyle

What Your Urine Color Says About Your Kidney Health

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What Your Urine Color Says About Your Kidney Health

The color of your urine can tell a lot about your kidney health and overall well-being. It is often the first sign that something may be off in your body. Paying attention to it can help you catch problems early.

Clear or light yellow urine is usually a good sign. It means you are well-hydrated, and your kidneys are working properly to filter waste. Drinking plenty of water often leads to this healthy color.

Dark yellow or amber urine may indicate dehydration. Your kidneys are concentrating urine to save water. Drinking more water usually helps return it to a lighter color. However, some vitamins and supplements can also darken urine.

Orange or brown urine can be a warning. It may be caused by certain foods, medications, or liver problems. It can also indicate bile buildup or a kidney issue. If it persists, seeing a doctor is important.

Red or pink urine can be alarming. Sometimes it is caused by eating beets or berries, but it can also indicate blood in the urine. This could result from kidney stones, infections, or more serious kidney problems. Immediate medical attention is advised.

Foamy or bubbly urine may indicate protein in the urine. This can be a sign of kidney damage. Persistent foaminess should not be ignored.

Very dark, almost black urine is rare but serious. It may suggest severe dehydration, liver problems, or a rare kidney disorder. Urgent medical evaluation is needed.

In summary, normal urine color ranges from pale yellow to light amber. Changes in color, especially if persistent, should not be ignored. Monitoring your urine and staying hydrated helps maintain kidney health. If unusual colors continue, it is important to consult a healthcare professional.

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