Sujimoto Set For Court Action Over Alleged $556k Fraud, Says It’s Smear Campaign

…Project to be delivered December 2025

The Chief Executive Officer of Sujimoto Group, Dr. Sijibomi Ogundele has expressed readiness to approach the court over the alleged $556,000 fraud levelled against him.

Reports gathered that one Mr Olatokunbo Cole accused Ogundele and his company of obtaining money under false pretence, fraudulent misrepresentation, criminal breach of trust, and conversion.

Speaking with newsmen on Monday morning, Ogundele discountenanced the allegation, saying there is no fraud nor falsehood but delay turned to weaponized
rumors to mislead the public.

He noted that his company rejected shortcuts, defied cynicism, and built brick by brick through sleepless nights, sacrifice, and an unyielding faith that Africa deserves architecture that inspires for over 12 years.

Sujimoto disclosed that some of the customers have requested refunds while others patient and aggressive, adding that the company has never compromised despite countless challenges but commited to integrity.

Citing an instance, Ogundele stated that Guliano’s first buyer, who purchased at ₦285 million less than six years later, now worths ₦2.5 billion with Rent commanding ₦100 million, fully booked and fully sold out.

He said the company absorbed the cost when cement skyrocketed from ₦2,000 to ₦10,000 and steel surged from ₦500,000 to ₦1.3 million during construction, adding that single 40-foot container cost ₦4 million and later ₦24 million but the company refused shortcuts.

Meanwhile, The CEO said customers witj refund requests are being settled through transparent, structured, and verifiable process, while maintaining direct communication with all investors.

He assured that the construction is set for delivery in December 2025, with every fully paid homeowner poised to receive their keys.

“There is no fraud, nor any falsehood. What exists is a delay and nothing more. Yet from this delay, some have chosen to fabricate lies, weaponize rumors, and maliciously mislead the public.

“Let it be clear: those responsible for instigating and spreading these defamatory claims will be held fully accountable, legally, morally, and shall pay for every damage they have caused.”

“When an entrepreneur dares to build what has never been done before, he must first make peace with the storms that come to test his conviction. But to mistake delay for deceit is not only false — it is dangerous to truth itself.

“For twelve unbroken years, Sujimoto has chosen the harder path: rejecting shortcuts, defying cynicism, and building brick by brick through sleepless nights, sacrifice, and an unyielding faith that Africa deserves architecture that inspires.

“The Leonardo by Sujimoto remains one of the continent’s most daring and technically sophisticated luxury developments.

“Ambition that vast cannot be rushed; its clock is governed not only by concrete and cranes, but by bureaucracy, tedious approvals, and an economy that shifts and strains with every policy change. No one was duped. No one was misled. Our client acted in good faith, approvals were secured last year, and though the project slowed, it was never denied, abandoned, or defrauded.

“Unfortunately, some of our most honest and hard-working customers have requested refunds. Some have been patient, others aggressive — and we have honored them all.

“We have never compromised. We have faced countless challenges, yet our commitment to integrity remains absolute. Beyond fulfilling contracts, we have helped our customers maximize profits through off-take agreements. Take Giuliano, for example: the first buyer purchased at ₦285 million. Today, less than six years later, the project is worth ₦2.5 billion. Rent now commands ₦100 million, fully booked and fully sold out.

“When cement skyrocketed from ₦2,000 to ₦10,000, who absorbs the cost? We do. The buyer does not want to hear this, yet it is reality. During construction, steel surged from ₦500,000 to ₦1.3 million and we did not compromise.

“A single 40-foot container cost ₦4 million and later ₦24 million. Still, we refused shortcuts. Every brick, every beam, every detail has been delivered with integrity, despite the market’s relentless squeeze.

“Every investor has been engaged directly, and those requesting refunds are being settled through a transparent, structured, and verifiable process. Meanwhile, the Lucrezia — once slowed by the same economic headwinds that rattled an entire industry — now stands on the brink of completion, set for delivery in December 2025, with every fully paid homeowner poised to receive their keys.” He said.