EFCC Declares Sujimoto CEO Wanted Over Alleged Money Laundering
- Metro Plus
- 05.09.2025
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- 19
EFCC Declares Sujimoto CEO Wanted Over Alleged Money Laundering
Olasijibomi Ogundele, the Chief Executive Officer of Sujimoto Luxury Construction Limited,
wanted over alleged money laundering and diversion of funds.
This announcement, made public on Friday through the EFCC’s official X (formerly Twitter) handle,
has sparked conversations across Nigeria’s financial, legal, and real estate communities.The development is significant because Sujimoto, under Ogundele’s leadership, has grown into
one of the most recognized luxury real estate firms in Nigeria, especially in Ikoyi
and Banana Island, two of the country’s most expensive neighborhoods.
the Commission urged members of the public to provide any credible information about Ogundele’s whereabouts.
The notice specifically identified Ogundele as a 44-year-old indigene of Ori-Ade Local Government Area, Osun State.According to the EFCC, Ogundele’s last known residential address is:
G29, Banana Island, Ikoyi, Lagos State.
The statement further provided multiple contact channels for whistleblowers,
including phone lines, an email address (info@efcc.gov.ng),
and EFCC offices nationwide.
“The public is hereby notified that Olasijibomi Ogundele of Sujimoto Luxury Construction Limited
is wanted by the Economic and Financial Crimes Commission in an alleged case of diversion of funds
and money laundering,” the EFCC notice read.
Who is Olasijibomi Ogundele?
Olasijibomi Ogundele, widely known as “Sujimoto,” is a Nigerian businessman
and entrepreneur who has built a reputation in luxury real estate development.
His company, Sujimoto Luxury Construction, has delivered several high-value projects in Lagos,
especially in Ikoyi, Victoria Island, and Banana Island.
Ogundele has often positioned himself as a visionary developer bringing global luxury standards
into Nigeria’s property market. His firm has been involved in billion-naira residential towers,
high-rise apartments, and commercial projects aimed at Nigeria’s wealthy elite.
Until now, he has been celebrated as one of the country’s most ambitious entrepreneurs
in the real estate sector.
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the wanted notice makes it clear that serious financial crimes are under investigation.
The allegations revolve around diversion of funds and suspected laundering
of illicit money through real estate transactions.Real estate has long been flagged by anti-graft agencies as one of the major channels
for concealing proceeds of crime in Nigeria. Luxury developments, often sold at exorbitant prices,
can serve as convenient vehicles for laundering money away from regulatory scrutiny.With Sujimoto’s prominence in high-end property construction,
the EFCC’s suspicion highlights growing concerns about how the real estate sector
may be exploited for laundering activities.
beyond the traditional targets of politicians and public servants.
Over the past decade, the Commission has intensified its investigations
into real estate, banking, and technology-driven businesses.By declaring a figure as prominent as Ogundele wanted,
the EFCC is sending a strong signal to Nigeria’s corporate sector that
financial crimes will not go unpunished, regardless of status or influence.
With projects targeting dollar-paying clients, foreign investors, and Nigeria’s wealthiest class,
the company’s developments have shaped Lagos’ real estate skyline.
However, allegations of money laundering cast a shadow on the sector.Analysts warn that Nigeria’s luxury property market could be increasingly scrutinized by regulators,
potentially affecting investor confidence.
Global watchdogs have also flagged real estate as a weak link
in anti-money laundering frameworks worldwide.
Some see it as a necessary move to hold the elite accountable,
while others believe the case reflects a broader systemic problem in Nigeria’s financial sector.Social media platforms have been buzzing with debates,
with many Nigerians demanding transparency on the alleged diversion of funds,
and others questioning whether the EFCC will follow through
with prosecution or if the case will fade away as in past high-profile investigations.
in court over the allegations.
The case could involve a long legal battle, given the complexity of financial crimes,
cross-border transactions, and asset tracing often associated with money laundering.The EFCC has encouraged the public to provide credible tips and has assured confidentiality
for informants. The Commission has also urged security agencies nationwide to remain alert.
is a major development in Nigeria’s fight against financial crimes.
It not only spotlights the real estate sector’s vulnerabilities but also
reinforces the Commission’s mandate to pursue economic offenders across all industries.While the full details of the allegations remain under investigation,
the case underscores a broader message: Nigeria’s anti-graft war is expanding beyond politics
and into the boardrooms of private enterprises.
How the case unfolds will have lasting implications for corporate governance,
the luxury real estate market, and Nigeria’s international reputation in financial regulation.
What Is Sujimoto CEO’s Estimated Net Worth?
Sijibomi Ogundele, the founder and CEO of Sujimoto Construction Limited, is often regarded as one of Nigeria’s youngest billionaires. While figures vary, the most reputable estimates place his net worth between $400 million to $1.8 billion.
The wide range stems from differing sources: one biography suggests a net worth around $400 million, 1 while another prominent profile notes a valuation of approximately $1.8 billion. 2 Local listings have also valued him at over ₦110 billion (roughly $120–$150 million depending on exchange rates), 3 reinforcing his status as one of the wealthiest young real estate developers in Nigeria.
Recent News on Sujimoto & Sijibomi Ogundele
A major development is the EFCC declaring Ogundele wanted on allegations of diversion of funds and money laundering. He is being pursued by anti-graft investigators, and tip-offs are being solicited regarding his whereabouts.
Beyond this, Sujimoto continues to drive Nigeria’s luxury skyline with bold developments like the Lucrezia tower currently one of the tallest and most lavish residential buildings on Banana Island. His company remains synonymous with upscale real estate innovation.
Who Owns Sujimoto?
The visionary behind the brand is Sijibomi Ogundele, born in Agege, Lagos in 1981. He earned his law degree at Anglia Ruskin University in the UK before transitioning into luxury real estate. In 2013, he founded Sujimoto Construction and has since become a widely awarded entrepreneur and Lagos State ambassador.
Is Sijibomi Ogundele Married?
There are no verified public records confirming that Ogundele is married. In a 2021 biography, he reportedly joked, “I am married without a wife… my wife is young and very jealous she’s Sujimoto” a playful reference to his brand and not an actual spouse.
While his personal life remains largely private, rumors such as a past link to actress Juliet Ibrahim remain unsubstantiated, and no confirmed details about a wife or marriage have surfaced in credible sources.
| Category | Details |
|---|---|
| CEO / Owner | Sijibomi Ogundele – Founder & CEO, Sujimoto Construction |
| Estimated Net Worth | $400M – $1.8B (also estimated ₦110B+ locally) |
| Recent News | Declared wanted by EFCC over money laundering & fund diversion allegations |
| Marital Status | No verified information; jokingly referred to brand as “wife” |
