Olasijibomi Ogundele, Chief Executive Officer of Sujimoto Luxury Construction, has tearfully defended himself following the Economic and Financial Crimes Commission’s (EFCC) declaration that he is wanted over allegations of money laundering and diversion of funds.
![](https://thenigerialawyer.com/wp-content/uploads/2025/05/idrinstitute.png")
![](https://thenigerialawyer.com/wp-content/uploads/2025/08/Basil-Momodu-Esq1.png")
The EFCC issued the notice on Friday through its Head of Media and Publicity, Dele Oyewale, via the agency’s official X handle. The statement read:
“The public is hereby notified that Olasijibomi Ogundele of Sujimoto Luxury Construction Limited, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission in an alleged case of diversion of funds and money laundering. Ogundele is a 44-year-old indigene of Ori-Ade Local Government Area of Osun State. His last known address is: G29, Banana Island, Ikoyi, Lagos State. Anybody with useful information as to his whereabouts should please contact the Commission or the nearest Police Station and other security agencies.”
Ogundele, a prominent figure in Nigeria’s real estate sector and the mind behind multi-billion-naira luxury projects across Lagos, including Banana Island and Ikoyi, responded emotionally in a public statement, insisting that he is not a thief or a fugitive.
He recalled his engagement with the state government, explaining that he was contracted to build several projects, including schools and an ambitious 69-story tower. Ogundele said:
“I know the state government asked me to help them build a couple of projects. The governor said he wanted to build a city and the tallest building in Nigeria. I designed it and gave it to him. While waiting for that, he asked me to help with schools. I mobilized 42 engineers and went to the state to execute the projects. Despite accidents, rising costs, and security threats, I remained committed to the work.”
Ogundele further described disputes over project financing and delays, asserting that he had attempted to resolve matters amicably through court agreements with the state government. He lamented the destruction of his project documents and insisted that the recent EFCC notice misrepresents the situation.
“If I had money, I would have continued the project. I went to court and tried to agree on what was owed. My computer was destroyed. I will go to the EFCC office to clear my name,” he said, emphasizing the impact of rising costs and delays on the projects.
While the EFCC has not disclosed the sum allegedly involved, the notice confirms that Ogundele is under investigation for significant financial crimes, heightening public attention on one of Nigeria’s most high-profile real estate entrepreneurs.
“History of Rivers State Judiciary: A Compendium of Personalities on the Bench.” Authored by Ampim Gogo Blankson, Esq., Deputy Director at the Rivers State Ministry of Justice, in collaboration with the Rivers State Judiciary 💰 Cover Price: ₦20,000.00 (Twenty Thousand Naira) Bukky Law Books, Rivers State High Court Complex, Moscow Road, Port Harcourt – 📞 08034868754📞 08034729738📞 Enquiries: ______________________________________________________________________ Alexander Payne Co. Law Reports 
Contact & Orders 📞 0704 444 4777 | 0704 444 4999 | 0818 199 9888 🌐 www.alexandernigeria.com
______________________________________________________________________ [Now Available] -- From Crime Scene To Courtroom: An Authoritative Legal Handbook On Police Investigations
In this authoritative work, Basil Momodu Esq., titled Police Investigations in Nigeria Through the Cases 📖 Available now Call 07051822705 or any of the recommended independent booksellers listed hereunder. ______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
