The Economic and Financial Crimes Commission (EFCC) has officially declared Olasijibomi Ogundele, the Chief Executive Officer of Sujimoto Luxury Construction Limited, wanted over alleged involvement in money laundering and diversion of funds.
In a public notice released on Friday by EFCC’s Head of Media and Publicity, Dele Oyewale, the agency called on Nigerians with any useful information about Ogundele’s whereabouts to come forward.
The notice describes the businessman as a 44-year-old indigene of Ori-Ade Local Government Area in Osun State, with a last known address listed as G29, Banana Island, Ikoyi, Lagos State,one of the wealthiest residential zones in Africa.
A Sudden Fall from Grace?
The Sujimoto brand, once celebrated as a symbol of architectural audacity and ultra-luxury real estate in Nigeria, now finds itself in the middle of a financial scandal that could shake public trust in the high-end property sector. Known for high-rise developments like Lucrezia and Giuliano in Banana Island, the company has long marketed itself as a premium choice for Nigeria’s ultra-rich elite.
The EFCC’s declaration follows mounting allegations of financial misconduct, although the full details of the alleged diversion of funds and money laundering have not been made public.
Rising Star Under Scrutiny
Olasijibomi Ogundele, the charismatic and media-savvy CEO of Sujimoto, has often presented himself as a self-made millionaire and a voice for bold entrepreneurship in Nigeria’s business landscape. His rags-to-riches story and viral public speeches,often focused on “discipline, drive, and daring to dream”, earned him a cult following among aspiring entrepreneurs.
But this latest declaration by the EFCC throws a harsh spotlight on a brand long wrapped in glitz and glamour.
Industry Impact and Reactions
Though Sujimoto has not issued an official statement regarding the EFCC’s declaration, the news has sent shockwaves through the real estate and investment community.
A Lagos-based property analyst who asked not to be named said:
“The luxury real estate market in Nigeria already suffers from low transparency. A scandal of this magnitude involving such a high-profile player could rattle investor confidence further.”
In recent months, Sujimoto had also made headlines for partnerships with state governments, including a proposed 260 smart school project with the Enugu State Government, raising fresh questions about due diligence in public-private collaborations.
What Happens Next?
The EFCC has urged citizens who may have information on Ogundele’s whereabouts to report to its offices or the nearest police station. It is currently unclear whether international law enforcement agencies will be involved should the businessman be found outside the country.