Olasijibomi Ogundele, CEO of Sujimoto Holdings, has categorically denied claims that his luxury real estate company defrauded a 75-year-old retired professor of medicine out of ₦300 million, Apples Bite Magazine exclusively reports.
“It’s false and not the way it is. FCID, EFCC and others have been informed on this matter, and the law will take it from there. Everyone tarnishing our reputation will definitely face the full force of the law,” stated Ogundele in his official response to the allegation.
The CEO’s statement indicates that he has already engaged law enforcement agencies, including the Force Criminal Investigation Department (FCID) and the Economic and Financial Crimes Commission (EFCC), regarding the matter. His response suggests a potential legal counteraction against those he believes are damaging Sujimoto’s corporate reputation.
The Original Allegation
The controversy centers around claims that Sujimoto Holdings allegedly took ₦300 million from an elderly retired professor between May 4-5, 2023, promising a 35% annual return on investment for a luxury real estate project. According to these allegations, when the investment matured in May 2024, the investor received only ₦50 million instead of the expected ₦105 million return.
The Certificate of Investment alleged to have to have been issued to the investor
Further allegations claimed that the company subsequently blocked the investor’s attempts to seek redress, reportedly worsening his pre-existing heart condition.
Industry Impact
The confrontation between a high-profile luxury real estate developer and alleged investors highlights ongoing concerns about transparency and accountability in Nigeria’s premium property sector. As both sides appear prepared for potential legal proceedings, industry observers note that the outcome may have significant implications for investor confidence in high-value real estate projects.
Ogundele’s stern warning about pursuing legal action against those “tarnishing” Sujimoto’s reputation suggests this matter may soon transition from public allegations to courtroom deliberations.
This news report presents allegations and responses that have not been legally verified or adjudicated in court. All parties mentioned are entitled to the presumption of innocence until proven otherwise in a court of law.
Seunmanuel Faleye is a brand and communications strategist. He is a covert writer and an overt creative head. He publishes Apple’s Bite International Magazine.
