Oba Joseph Oloyede Biography, Age, Wife, Net Worth

Oba (Prof) Joseph Oloyede, Latimogun I, is the Apetumodu of Ipetumodu in Osun State, Nigeria. Before becoming king in 2019, he was a professor and tax consultant in the U.S. His leadership is known for wisdom and development, though recent reports link him to legal issues abroad.

Oba Joseph Oloyede Biography

Oba (Prof.) Joseph Olugbenga Oloyede, also known as Latimogun I, is the Apetumodu of Ipetumodu, a historic town in Ife North Local Government Area, Osun State, Nigeria. Born on December 7, 1962, he grew up in a royal household with deep cultural and academic influences. Before ascending the throne in July 2019, he built a successful career as an accountant and professor specializing in information systems in the United States. He took over the kingship after the passing of Oba James Adegoke in 2017.

Oba Joseph Oloyede Educational Background

Oba Joseph Oloyede started his education at Christ Church School II, Ipetumodu. He later attended Cherubim and Seraphim Modern Commercial Secondary School and Catholic Technical College, Ile-Ife, where he obtained his secondary education certificates. He pursued higher education in Accountancy at The Polytechnic, Ibadan. Seeking further knowledge, he earned an MBA in Banking & Finance from Enugu State University 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.

Oba Joseph Oloyede Career

Oba Joseph Olugbenga Oloyede had a successful career before becoming the Apetumodu of Ipetumodu. He worked as an accountant and business expert, specializing in finance, banking, and information systems. His career took him to the United States, where he gained experience in international business management. He also became a professor, sharing his knowledge with students in accounting and finance.

His professional journey included working with various institutions, helping businesses grow, and guiding students in financial management. His expertise in banking and accounting made him a respected figure in his field.

After years of success in business and education, he returned to Nigeria to take on his royal duties. As a king, he uses his experience to promote economic growth and modern development in Ipetumodu.

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Oba Joseph Oloyede Investments

Oba Oloyede’s business interests include several companies he registered in the U.S., such as Available Tax Services, Available Tutors, Available Financial, Available Transportation, and JO&A. These companies were involved in obtaining COVID-19 relief loans during the pandemic.

Oba Joseph Oloyede FBI Case

In February 2025, Oba Joseph Olugbenga Oloyede, the Apetu of Ipetumodu in Osun State, Nigeria, was arrested by the Federal Bureau of Investigation (FBI) in the United States. He faced charges of conspiracy, wire fraud, and money laundering related to a scheme that fraudulently obtained over $4.2 million in COVID-19 relief funds. These funds were intended to support businesses affected by the pandemic under programs like the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL).

The indictment alleged that from April 2020 to February 2022, Oba Oloyede and his co-conspirators submitted falsified loan applications and supporting documents, resulting in significant financial gain. Following his arrest, he was released on bail after surrendering his U.S. and Nigerian passports, pending trial.

Reports show that he traveled to the U.S. in March 2024 and has not returned since. His long absence has raised concerns among the people of Ipetumodu, who believe it is linked to his legal troubles.

Oba Joseph Oloyede Awards

Oba Joseph Oloyede received several awards for his contributions to accounting, finance, and information systems. He was also recognized for his efforts in community development as the Apetu of Ipetumodu. However, his recent legal issues have cast a shadow over his past achievements.

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Oba Joseph Oloyede Age

Oba Joseph Oloyede was born on December 7, 1962, he is 62 years old as of 2025.

Oba Joseph Oloyede Personal Life

Oba Joseph Oloyede is a respected leader who values education, tradition, and community development. He is dedicated to preserving the culture of Ipetumodu while bringing progress to his people. Since becoming king, he has focused on improving the town and maintaining peace among his subjects.

Oba Joseph Oloyede’s Wife

Oba Joseph Oloyede is married to Olori Adetola Tejumade Oloyede, the queen of Ipetumodu. She is well-respected for her dedication and motherly role in the kingdom, supporting the growth and development of their people.

Oba Joseph Oloyede Parents

Oba Joseph Oloyede was born into a royal and well-respected family. His father, Peter Olalekan Oloyede, hailed from the Latimogun Compound, a lineage with deep-rooted traditions in Ipetumodu. His mother, Florence Aderiyike Oloyede (née Akinleye), came from the Jagun Alagbe Compound, further strengthening his noble heritage. His grandparents, James Odeyemi Oloyede and Eunice Oloyede, played vital roles in his upbringing, instilling in him a strong sense of discipline, knowledge, and cultural pride.

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Oba Joseph Oloyede Net Worth

Oba Joseph Oloyede’s net worth is estimated to be around $5 million. He accumulated wealth through his career in accounting, finance, and various business investments. However, his ongoing fraud case has raised concerns about the legitimacy of his financial assets.

Oba Joseph Oloyede Social Media Handles

Oba Joseph Oloyede shares updates on his leadership and activities through social media. Follow him on:

• Facebook: Officialapetumodu
• LinkedIn: Joseph Oloyede, DBA, FCA, EA.