By Danjuma Amodu | February 1, 2026
A Federal High Court has appointed Mr. Omobolaji Bello as the Administrator of Sujimoto Holdings Limited, effective November 14, 2025, under the Companies and Allied Matters Act 2020. Bello, as Chief Restructuring Officer, will oversee the company’s operations, preserve assets, and drive a turnaround programme. Sujimoto Holdings assures stakeholders that it remains operational, inviting creditors to submit claims within seven days.
Sujimoto Holdings Limited, a major player in Nigeria’s real estate sector, has been placed under administration by the Federal High Court, with Mr. Omobolaji Bello was appointed as Chief Restructuring Officer (CRO). This decision, effective November 14, 2025, aims to stabilize the company’s operations, preserve its assets, and implement a turnaround programme.
As CRO, Bello will oversee the company’s business, assets, and affairs, ensuring continuity of services to clients, customers, suppliers, and partners. Creditors have been notified to submit verified claims within seven days to the Office of the Chief Restructuring Officer or risk forfeiture.
This administration follows Sujimoto’s recent challenges, including allegations of unexecuted contracts and financial misconduct involving its CEO, Sijibomi Ogundele. In September 2025, the Economic and Financial Crimes Commission (EFCC) declared Ogundele wanted over a N5.7 billion contract dispute with the Enugu State Government.
Sujimoto Holdings’ administration is expected to have significant long-term implications for the company’s future. The appointment of Omobolaji Bello as Chief Restructuring Officer (CRO) aims to stabilize operations, preserve assets, and implement a turnaround programme. This move is likely to impact Sujimoto’s ongoing projects, including the LeonardoBySujimoto, a 37-storey waterfront icon, and Sujimoto Smart City Abuja, a “Mini Banana Island” ecosystem.
The administration may also affect Sujimoto’s reputation and investor confidence, given its previous track record of delivering high-end projects and achieving impressive returns on investment (ROI). For instance, units purchased at $850,000 in 2020 have surged to over $2.5 million, with projections above $3 million, delivering more than 200% return on investment.
In the long term, Sujimoto’s future hinges on the success of its restructuring efforts and ability to navigate Nigeria’s challenging economic landscape. The company’s diversified portfolio, including luxury real estate, agro-tourism, and fintech, may help mitigate risks and ensure sustainability.
