The Group Managing Director of Sujimoto Holdings, Olasijibomi Ogundele, has been arrested by operatives of the Force Criminal Investigations Department (FCID) in Abuja over an alleged fraud involving $325,000. The FCID launched an investigation into the real estate firm, Sujimoto Construction Limited, after a client accused them of failing to deliver on a property deal or refund the money.
A petition was submitted to the Deputy Inspector-General of Police by lawyer Pelumi Olajengbesi, on behalf of the client who claimed to have paid $325,000 in November 2020 for a property that was never received. Despite being invited by the FCID, Mr. Ogundele reportedly did not cooperate with the investigation and even filed a lawsuit against the police to halt the probe.
When contacted, the FCID spokesperson confirmed the ongoing investigation and stated that Mr. Ogundele was detained after failing to meet bail conditions. Despite this setback, Mr. Ogundele was released on bail after meeting the conditions.
In July, Sujimoto Holdings announced a $225 million real estate project that aims to redefine luxury living in Sub-Saharan Africa. Additionally, the company recently partnered with the Enugu State Government on a project to revolutionize education in the state by building state-of-the-art smart schools across all wards.