The Economic and Financial Crimes Commission (EFCC) has declared Olasijibomi Suji Ogundele, founder of Sujimoto Luxury Construction Limited, wanted for alleged diversion of funds and money laundering, as announced in a notice on September 5, 2025, by EFCC spokesperson Dele Oyewale.

Ogundele, a 44-year-old from Ori-Ade Local Government Area of Osun State, with a last known address at G29, Banana Island, Ikoyi, Lagos, is under investigation by the EFCC’s Lagos Command.

The public is urged to provide information on his whereabouts to EFCC offices in Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja, via phone at 08093322644, email at [email protected], or through the nearest police station or security agency.

This is not Ogundele’s first encounter with allegations of financial misconduct. In October 2024, he was investigated by the Police Force Criminal Investigations Department (FCID) in Abuja over a $325,000 real estate fraud claim, where a client allegedly paid for a non-existent three-bedroom apartment in the Leonardo project in Banana Island.

Ogundele initially resisted investigation by filing a fundamental rights suit but later appeared for questioning and was released on bail.

He denied fraud, attributing project delays to economic factors like inflation, rising construction costs, and foreign exchange volatility, claiming to have provided evidence of transparency, including project approvals and title documents.

Additionally, reports from March 2024 indicate Ogundele was accused of withholding an investor’s N90 million, part of an investment scheme promising 20% annual returns, with only N30 million repaid by July 2024.

The EFCC’s current declaration suggests a broader probe into his financial dealings, though specific details on the alleged funds involved remain undisclosed.