Nigerian real estate developer Sijibomi Ogundele, CEO of Sujimoto Group, has been declared wanted by the Economic and Financial Crimes Commission EFCC over alleged diversion of funds and money laundering. The development puts renewed scrutiny on his business interests, which include high-end residential projects in Lagos most affluent communities, notably Ikoyi and Banana Island.
Luxury developer faces money laundering claims
The 44-year-old Lagos-based businessman leads Sujimoto Group, a company known for its luxury real estate brands, and self-styled as the Rolls-Royce of Nigerian property development. According to a wanted notice issued by EFCCs Head of Media and Publicity, Dele Oyewale, Ogundele is wanted in connection with allegations of fund diversion and money laundering.