The accused including Kazeem Agbabiaka, 40, Abdulrasheed Ojonla, 45, Femi Oyebode, 30, Babatunde Oluajo, 50, and Adebiyi Kehinde, 42 are being tried for conspiracy and fraud.
Other accused are Oyebamiji Oyeniyi, 32, Ismaila Azeez, 45, and Awodunmola Kehinde, 44.
The Magistrate, Mr Olusegun Ayilara, ordered them to be remanded in prison custody until September 28 when their plea would be taken.
The Prosecutor, ASP John Idoko told the court that the accused committed the offences between April and July in Oluajo area of Osogbo.
Idoko said the accused conspired to defraud Owoeye of the sum of N38 million under the pretences of organising a spiritual prayer for him to avert a death revelation.
The prosecutor said the accused dubiously recorded a video clip showing the lawmaker naked and allegedly circulated it, which went viral.
He said the offences contravened sections 516 and 390(9) of the criminal code, cap 34 vol.11 laws of Osun, 2003.
The plea of the accused was not taken.
The Magistrate adjourned the case until September 28 for mention.