Table of Contents
Nigerian real estate developer Sijibomi Ogundele, CEO of Sujimoto Group, has been declared wanted by the Economic and Financial Crimes Commission (EFCC) over alleged diversion of funds and money laundering. The development puts renewed scrutiny on his business interests, which include high-end residential projects in Lagos’ most affluent communities, notably Ikoyi and Banana Island.
Luxury developer faces money laundering claims
The 44-year-old Lagos-based businessman leads Sujimoto Group, a company known for its luxury real estate brands, and self-styled as the “Rolls-Royce” of Nigerian property development. According to a wanted notice issued by EFCC’s Head of Media and Publicity, Dele Oyewale, Ogundele is wanted in connection with allegations of fund diversion and money laundering.
The Commission appealed to anyone with credible information on Ogundele’s whereabouts to come forward. The notice stated: “The public is hereby notified that Olasijibomi Ogundele of Sujimoto Luxury Construction Limited, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission in an alleged case of diversion of funds and money laundering. Ogundele is a 44-year-old indigene of Ori-Ade Local Government Area of Osun State. His last known address is: G29, Banana Island, Ikoyi, Lagos State.”
Ogundele says contract delays cause issue
While EFCC has not revealed the exact amount allegedly involved, the declaration underscores the Commission’s increasing focus on high-profile individuals in the private sector who are suspected of moving illicit funds through real estate and luxury investments. In response, Sijibomi Ogundele shared a video online, describing the situation as a contractual dispute.
Ogundele said he would cooperate with authorities to clear his name, adding: “I’m not a thief, I’m not a fugitive. This is a contract between my company and the Enugu State Government. The project was supposed to take two years, but delays have made it much longer. I intend to go to the EFCC office and provide all the necessary clarifications.”
Sujimoto develops Nigeria luxury homes
As CEO, Ogundele has guided Sujimoto Group to prominence in Nigeria’s luxury property market. The company is known for bespoke residential projects in Ikoyi, Banana Island, and Abuja, offering high-quality construction for private clients. Notable developments include Medici in Ikoyi, GiulianoBySujimoto, Lucrezia De Medici Tower, and Leonardo Highrise in Banana Island, as well as the Sujimoto Smart City projects in Lagos and Abuja.
