How FBI Linked Nigerian Pastor To $4.2m Fraud

The U.S. Federal Bureau of Investigation (FBI) has arrested Nigerian pastor, Edward Abiodun Oluwasanmi, for allegedly conspiring with Osun monarch, Oba Joseph Oloyede, to defraud the U.S. government of $4.2 million in COVID-19 relief funds.

Like the Apetu of Ipetumodu, Oluwasanmi is accused of submitting falsified documents to fraudulently obtain the COVID-19 pandemic relief loans intended for struggling businesses. According to investigators, the pastor funneled millions through his companies—Dayspring Property Inc., Dayspring Holdings, and Dayspring Transportation—before diverting the funds for personal use.

The U.S. authorities indicted him on 13 counts of fraud, leading to his arrest in Cleveland in April 2024. He was later released on a $20,000 bail under strict conditions, including the surrender of both his U.S. and Nigerian passports.

Further investigations revealed suspicious financial transactions, including a $221,880 wire transfer for a commercial property in South Euclid, Ohio, and a $1 million transfer to his company’s brokerage account in October 2021. The FBI has since seized $620,000 from his accounts, with prosecutors pushing for the forfeiture of all fraud proceeds.

As the case unfolds, authorities continue to track the full extent of the financial scheme, signaling a determined effort to recover stolen relief funds.
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