Ogun Monarch Embroiled in N75 Million Fraud,Assault Scandal

October 21, 2024

Adesakin Adefemi

The Olu of Obafe in Obafemi-Owode Local Government Area of Ogun State, Oba Taofeek Owolabi Olukayode, has been arraigned before the Magistrates’ Court in Abeokuta on charges of fraud, conspiracy, and assault on a law enforcement officer.

The traditional ruler allegedly defrauded Dr. Michael Adeyemi of N75 million through a fraudulent land deal involving 500 hectares of land in Obafemi-Owode Local Government Area.

According to court documents, the alleged fraudulent activities took place between September 18, 2023, and August 20, 2024.

Senior State Counsel Timilehin Oredein revealed that the N75 million was paid for the land, which the monarch knew was part of a fraudulent scheme. This violates Section 419 of the Ogun State Criminal Code Law of 2006.

Additionally, the monarch is accused of converting the entire sum to his personal use, an offense punishable under Sections 383 and 390 of the same law.

The case has gained significant attention due to the weight of the financial fraud and the related charge of assault.

The monarch allegedly resisted arrest and assaulted ASP Oriade David, a law enforcement officer, during his apprehension on October 21, 2024.

The altercation led to the destruction of the officer’s eyeglasses, valued at N8,500, in violation of Section 356 of the Criminal Code Law.

Despite the severity of the charges, the court granted Oba Olukayode bail in the sum of N10 million with two sureties of equal value.

The case has been adjourned to November 25, 2024, as the court prepares for what many expect to be a high-profile trial, attracting significant public interest due to the prominent status of the accused.