Alleged $556K Fraud Smear: Sujimoto Boss, Siji Ogundele Fires Back, Accuses Detractors of False, Malicious Publications

“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,” this is the statement of luxury real estate mogul and Chairman, Sujimoto, Mr. Sijibomi Ogundele is the Group Managing Director of Sujimoto Holdings, the Czar of Luxury RealEstate

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.

It is deeply concerning that public institutions are now being misused to settle civil disputes and punish enterprises.

What should have remained a private contractual matter has been paraded as crime, turning law enforcement into debt collectors.

Sujimoto is pursuing firm legal redress against those behind these malicious falsehoods, and those responsible shall pay for the damages they have caused.

Sujimoto is not merely a company; it is a creed — a fellowship of architects, artisans, and engineers bound by a shared pursuit of excellence. We have empowered thousands, paid over ₦7 billion in wages in the past 12 years, and built monuments that speak where falsehood falls silent.

In a nation where haste is mistaken for progress and ambition for arrogance, it has become easy to weaponize delay. Yet progress, like justice, is slow only to those who lack patience. Our only “crime” is daring to dream beyond the comfort zone of ordinary builders — and for that, we shall never apologise.

Some may not like Sujimoto — his relentless ambition, his boldness, his refusal to follow the ordinary. Some may call him loud, too forward, even audacious. Yet no one can deny his work. His projects speak for themselves — unmatched in vision, execution, and impact. To question the man is human; to question the monument he builds is impossible.

Sujimoto does not build for applause. We build for permanence. And when The Leonardo finally rises — not if, but when — it will stand as a monument to truth: proof that audacious vision outlives the noise, and that gold is forged only through fire.

Dr. Ogundele is the Group Managing Director of Sujimoto Holdings, the Czar of Luxury Real Estate Development, and the mastermind developer behind the renowned Giuliano.

His other audacious projects include the most sophisticated building in Banana Island, LucreziaBySujimoto; the grandiose Sujimoto Twin Tower; the tallest twin towers in Africa; the regal Queen Amina by Sujimoto, a monument to royal affluence; the magnificent high-rise LeonardoBySujimoto; the Sujimoto Farm; an advanced farm estate system that incorporates housing, farm hospitals, hotels, and markets within an ecosystem, creating opportunities for agro-tourism and affordable housing., among other projects that have etched an indelible imprint on Nigeria’s skylines, a testament to Sujimoto’s unrivalled mastery of modern-day engineering.