The approval was announced on Monday in press statement issued by the governor’s spokesperson, Mr. Olawale Rasheed.

The deposition resulted from the conviction of the monarch in the United States of America on tax fraud and money laundering charges.

Rasheed said the decision to depose the monarch was taken after the governor received the Certified True Copy of the Ohio court judgment which convicted Oba Oloyede.

He stated that the judgement was got following the directive by the State Executive Council to the Ministry of Local Government to request the  Certified True Copy of the judgment from the Ohio court.

The statement reads in part: “The Council had justified the decision to contact the Ohio court on the ground that governmental decisions should not be based on social media reporting alone.

“In the Deposition Order signed by His Excellency on 7th May, 2026, the action was predicated on the need to maintain peace, order and good government as well as preserve the honour and integrity of the royal stool.

“The Deposition Order further stated that the fraudulent conduct of Oba Joseph Oloyede, as found by the US court and which he pleaded guilty to, and his public trial and conviction have brought the institution of Obaship and the stool of Apetumodu of Ipetumodu to disrepute and public odium, hence the resort to deposition.”

The spokesman announced that by the deposition of the monarch, the stool of Apetumodu of Ipetumodu had become vacant.

He said the necessary process would be put in place to appoint a new king.

He added that the governor had urged sons and daughters of Ipetumodu to remain peaceful and law-abiding.

Recall that Oloyede was, on August 26, 2025, sentenced to 56 months’ imprisonment for wire fraud, making false tax returns and engaging in monetary transactions in criminally derived property by the United States District Court for the Northern District of Ohio, United States of America.

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