In a stunning twist straight out of a Nollywood thriller, the Economic and Financial Crimes Commission (EFCC) has issued a wanted notice for one of Nigeria’s most high-profile luxury real estate moguls, Olasijibomi Ogundele, founder and CEO of the iconic Sujimoto Construction Limited.
Once hailed as a poster boy for Nigerian ambition, Ogundele now finds himself at the heart of an explosive financial scandal, one that’s shaking the marble foundations of Banana Island’s elite towers.
EFCC’s Official Declaration: Manhunt Begins
In a formal statement issued on Friday, September 5, the EFCC declared Ogundele wanted for alleged involvement in a high-value case of money laundering and diversion of funds. The notice, signed by the commission’s spokesperson Dele Oyewale, includes detailed information such as:
* Name: Olasijibomi Ogundele
* Age: 44
* Place of Origin: Ori-Ade Local Government, Osun State
* Last Known Address: G-29, Banana Island, Ikoyi, Lagos
Authorities are urging anyone with useful information on his whereabouts to contact the nearest EFCC office or the Nigerian Police.
From Concrete Dreams to Legal Nightmares
Ogundele’s meteoric rise is the kind of story that fills motivational seminars. From humble beginnings in Agege to constructing some of the most opulent buildings in West Africa, he built Sujimoto into a brand synonymous with class, innovation, and exclusivity.
Projects like Lucrezia de Medici, GiulianoBySujimoto, and LeonardoBySujimoto were marketed as masterpieces, blending architectural opulence with aspirational living.
But now, beneath that glittering façade lies a trail of controversies, angry investors, and unanswered questions.
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The Scandals That Lit the Fuse
This is not Ogundele’s first encounter with controversy:
* 2024 Detention by FCID Abuja: He was detained in October 2024 after a $325,000 real estate deal with an investor, Kabiru Ibrahim, allegedly went south. The buyer neither received the promised 3-bedroom flat in the Leonardo project nor a refund.
* Investment Gone Wrong: Earlier this year, a Lagos-based investor accused Sujimoto of withholding over ₦90 million in capital and returns after promises of a high-yield property investment fell flat.
* More Accusations Surface: A retired professor reportedly lost over ₦300 million in a separate transaction involving the company, although Ogundele has since denied any wrongdoing.
The EFCC is now connecting the dots across multiple cases, pointing to a potential pattern of financial misrepresentation and embezzlement.
Man of Influence, or Master of Illusion?
Ogundele has often been praised for his marketing genius. With social media flair, luxury cars, and branded suits, he projected the image of a billionaire visionary who could transform skylines and break records.
But critics now ask: was it all a carefully crafted illusion? Was the lifestyle funded by legitimate business… or by misappropriated funds?
Where Is Ogundele Now?
As of press time, Ogundele’s exact location remains unknown. There is unconfirmed speculation that he may have left the country shortly before the EFCC’s declaration. Others believe he is negotiating a discreet surrender or preparing legal defenses.
His silence has only deepened the mystery.
A Story Still Unfolding
The Sujimoto CEO’s fall from grace serves as a cautionary tale in a nation where wealth and celebrity can often mask deeper truths.
As the EFCC tightens its net, all eyes are on the next chapter of what may become Nigeria’s most talked-about white-collar scandal in years.
Will Olasijibomi Ogundele clear his name, or will the towers he built come crashing down under the weight of justice?
Stay tuned. The story is far from over.
