EFCC declares Sujimoto luxury boss wanted

Nigeria’s anti-graft agency has launched a manhunt for luxury real estate mogul Olasijibomi Ogundele, the high flying CEO of Sujimoto Construction, over serious allegations of money laundering and misappropriation of funds.

In a public notice issued on Friday, September 5, 2025, and signed by EFCC spokesperson Dele Oyewale, the Economic and Financial Crimes Commission declared Ogundele a wanted man, marking a dramatic twist in the trajectory of one of Nigeria’s most flamboyant property developers.

The EFCC accuses the 44 year old businessman widely known for his ostentatious lifestyle and high end developments in Lagos of orchestrating financial transactions that may have violated anti-money laundering laws. While details of the case remain closely guarded, sources within the Commission suggest the investigation may involve billions of naira traced through shell accounts and offshore entities.

Ogundele, an indigene of Ori-Ade LGA in Osun State, was last seen at his upscale residence on Banana Island, Lagos an address that now stands deserted. The EFCC has urged members of the public with any information on his whereabouts to contact any of its regional offices across the country.

This development raises pressing questions: How did Ogundele allegedly divert such funds under the radar? Were high profile associates or institutions complicit? And how long has the EFCC been tracking his financial activities?

The Sujimoto boss, once hailed as a symbol of new generation Nigerian entrepreneurship, now faces the weight of a full-scale federal investigation. As the EFCC tightens its net, observers are watching closely to see whether this is the beginning of a broader crackdown on financial crimes in Nigeria’s luxury real estate sector.