Enough Is Enough: Sujimoto Fights Back, Set to Sue Over $556,000 Fraud Allegations
- Nigerian real estate company, Sujimoto Construction Limited, has strongly denied reports of fraud against it
- The company described reports accusing it of $556,000 fraud as malicious and misleading and threatened to sue the perpetrators
- It revealed in a statement that the claims are calculated to smear the company’s name and reputation
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Pascal Oparada, a reporter for Legit.ng, has over ten years of experience covering technology, energy, stocks, investment, and the economy.
Sujimoto Construction Limited has strongly refuted the circulating media reports accusing it of fraud amounting to $556,000, describing them as false, malicious, and deliberately misleading.
Source: Twitter
The company insists that the claims are nothing but a smear campaign aimed at damaging the reputation of one of Africa’s leading luxury real estate developers.
In a statement issued by its Group Managing Director, Dr. Sijibomi Ogundele, the firm said the allegations were completely baseless and would not go unchallenged.
Twelve years of integrity and vision
“There is no fraud, nor any falsehood. What exists is a delay and nothing more,” Ogundele declared. “Yet from this delay, some have chosen to fabricate lies, weaponize rumours, and maliciously mislead the public. Those responsible will be held fully accountable — legally, morally, and financially..
For over a decade, Sujimoto has built a reputation for excellence, integrity, and innovation, delivering world-class real estate projects such as The Giuliano, LucreziaBySujimoto, and the Leonardo, a project widely regarded as one of Africa’s most sophisticated luxury developments.
According to the company, the Leonardo project has encountered understandable delays caused by bureaucratic hurdles and Nigeria’s current economic climate. However, it emphasizes that the delay does not amount to fraud or deceit.
“The Leonardo project was never abandoned or denied,” the statement noted. “Every legitimate refund request from clients has been processed transparently and verifiably.”
Transparency and accountability
Sujimoto said it continues to maintain open communication with all clients and investors, ensuring clarity in its dealings and progress updates.
The company reaffirmed its commitment to deliver the Leonardo project by December 2025, assuring stakeholders that the project remains on course despite the current economic headwinds.
According to a Premium Times report, the company added that it has honored all verified refund requests through a structured and traceable process, emphasizing that its operations are built on transparency, not deception.
Taking legal action against defamation
Expressing deep concern over what it termed the “weaponization of public institutions and social media,” Sujimoto vowed to take decisive legal action against those responsible for spreading the defamatory claims.
“It is troubling that some have chosen to use false narratives to settle civil disputes, undermining both the rule of law and public trust,” Ogundele said.
“We will petition and sue to ensure justice is served and our reputation restored.”
A legacy built on excellence and impact
Beyond its luxury developments, Sujimoto Holdings has contributed immensely to Nigeria’s economy, paying over ₦7 billion in wages, empowering thousands of artisans, and creating architectural landmarks that symbolize ambition and innovation.
The company reaffirmed its commitment to redefining luxury real estate in Africa, guided by integrity, excellence, and faith in bold vision.
Source: UGC
“Enough is enough,” Ogundele concluded. “We will not allow lies to overshadow years of hard work, innovation, and contribution to Nigeria’s built environment.”
Sujimoto opens up About Davido's Banana Island house
Legit.ng earlier reported that a prominent Lagos-based real estate company, Sujimoto Group, has addressed speculations surrounding singer David Adeleke, aka Davido's Banana Island property.
This response followed a social media stir caused by Davido's colleague and perceived rival, Burna Boy (Damini Ogulu), who shared a series of posts containing subtle jabs.
In one post, Burna Boy appeared to critique an unnamed individual, suggesting they falsely claimed to own a house in Banana Island when it was merely rented. He concluded by advising the artist to strive for more in the coming year.
Source: Legit.ng
