Nigeria Police Invite Sujimoto CEO Over Alleged $556,000 Real Estate Fraud

The Digest:

The Nigeria Police Force has summoned Olasijibomi Ogundele, CEO of Sujimoto Construction, for questioning over allegations of advance fee fraud and criminal misappropriation totaling $556,000. The invitation follows a petition from a client who claimed to have paid for a luxury apartment that was never developed, adding to the developer’s existing legal troubles with the EFCC and Enugu State government.

Key Points:

• Sujimoto CEO Olasijibomi Ogundele was invited by the police over a $556k fraud case.
• The client paid 90% for a luxury apartment in the "Leonardo by Sujimoto" project.
• No construction was found at the project site despite full payment.
• Ogundele allegedly offered a different project instead of refunding the money.
• The police warned that ignoring the invitation constitutes obstruction of justice.
• The CEO was previously declared wanted by the EFCC for alleged money laundering.
• Enugu State also accused him of defrauding the state of N5.7 billion.

As luxury real estate promises collide with allegations of deception, the case exposes the fragile trust between developers and investors in Nigeria’s high-stakes property market.

Sources: TheCable