The 1990 version of Overlord is a mystery. Appearing as a driver figure and an apparent new foe for the GI Joe team, he seemed poised to be a replacement for Cobra Commander. However nothing much came of his figure in the toyline or comic. It wasn’t until the 2000’s Devil’s Due comic series that anything of substance was done with the character. In it, he worked with the revived Serpentor and his Coil organization.
This figure was available as part of the Cobra’s Most Wanted: Mercenaries convention exclusive set. He’s a pastiche of both Joe and Cobra parts that work quite well on the whole and make for a great reinterpretation of a largely forgotten RAH figure. The storyline for this version more closely follows his original file card, painting him as a former Crimson Guardsman who plans to take over Cobra using his own army (also known as the Coil). Honestly, with all these different comic and toy continuities, it can get a bit tiring at times. How did GI Joe reach X-Men levels of confusion?
The Collectors Club was doing some pretty interesting things with these O-ring style con sets back in the 2000’s, often combining disparate parts to build new characters or new iterations of existing characters. In this case, the use of Barricade parts was inspired, particularly for its armored appearance and bulk. The beefed up look is supplemented by the use of the ’88 Destro torso, which lends a sort of aristocratic air to the figure. Of course, the monocle helps as well.