Sujimoto Scandal: How to Vet a Nigerian Real Estate Developer Before You Invest
The recent Sujimoto fraud saga has sent shockwaves through Nigeria’s luxury property scene. Olasijibomi Ogundele, the once-celebrated CEO of Sujimoto Construction, is now a wanted man, accused of money laundering, diversion of funds, and allegedly defrauding investors out of millions. But behind the headlines lies a much bigger lesson: investors, especially Nigerians in the diaspora, […]
Sujimoto Fraud Saga: How Nigeria’s Real Estate Industry Will Be Affected
In the wake of the sensational EFCC manhunt for Sujimoto Construction CEO, Olasijibomi Ogundele, Nigeria’s real estate industry is bracing for aftershocks. And they won’t be minor tremors. The industry, already grappling with regulatory gaps, investor skepticism, and rising construction costs—is now under a blinding spotlight. The once-glorified sector that sold dreams of marble floors […]
Luxury Mogul Now On The Run: EFCC Declares Sujimoto CEO Wanted
In a headline-grabbing development on Friday, September 5, Nigeria’s premier anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has officially declared Olasijibomi “Suji” Ogundele, the flamboyant CEO behind Sujimoto Luxury Construction, a wanted man for alleged money laundering and fund diversion. The Wanted Notice In a public notice signed by Dele Oyewale, EFCC’s spokesperson, […]