Business
“ENOUGH IS ENOUGH: Sujimoto to Petition and Sue Over $556K Fraud Smear — ‘Delay Is Not Deceit.”
“ENOUGH IS ENOUGH: Sujimoto to Petition and Sue Over $556K Fraud Smear — ‘Delay Is Not Deceit.”
— Accuses Detractors of False and Malicious Publications
“There is no fraud, nor any falsehood. What exists is a delay and nothing more. Yet from this delay, some have chosen to fabricate lies, weaponize rumors, and maliciously mislead the public. Let it be clear: those responsible for instigating and spreading these defamatory claims will be held fully accountable, legally, morally, and shall pay for every damage they have caused.”
When an entrepreneur dares to build what has never been done before, he must first make peace with the storms that come to test his conviction. But to mistake delay for deceit is not only false — it is dangerous to truth itself. For twelve unbroken years, Sujimoto has chosen the harder path: rejecting shortcuts, defying cynicism, and building brick by brick through sleepless nights, sacrifice, and an unyielding faith that Africa deserves architecture that inspires.
The Leonardo by Sujimoto remains one of the continent’s most daring and technically sophisticated luxury developments. Ambition that vast cannot be rushed; its clock is governed not only by concrete and cranes, but by bureaucracy, tedious approvals, and an economy that shifts and strains with every policy change. No one was duped. No one was misled. Our client acted in good faith, approvals were secured last year, and though the project slowed, it was never denied, abandoned, or defrauded.
Unfortunately, some of our most honest and hard-working customers have requested refunds. Some have been patient, while others have been aggressive — and we have honored them all.
We have never compromised. We have faced countless challenges, yet our commitment to integrity remains absolute. Beyond fulfilling contracts, we have helped our customers maximize profits through off-take agreements. Take Giuliano, for example: the first buyer purchased at ₦285 million. Today, less than six years later, the project is worth ₦2.5 billion. Rent now commands ₦100 million; it is fully booked and fully sold out.
When cement skyrocketed from ₦2,000 to ₦10,000, who absorbs the cost? We do. The buyer does not want to hear this, yet it is reality. During construction, steel surged from ₦500,000 to ₦1.3 million, and we did not compromise. A single 40-foot container costs ₦4 million and later ₦24 million. Still, we refused shortcuts. Every brick, every beam, every detail has been delivered with integrity, despite the market’s relentless squeeze.
Every investor has been engaged directly, and those requesting refunds are being settled through a transparent, structured, and verifiable process. Meanwhile, the Lucrezia — once slowed by the same economic headwinds that rattled an entire industry — now stands on the brink of completion, set for delivery in December 2025, with every fully paid homeowner poised to receive their keys.
It is deeply concerning that public institutions are now being misused to settle civil disputes and punish enterprises. What should have remained a private contractual matter has been paraded as a crime, turning law enforcement into debt collectors. Sujimoto is pursuing firm legal redress against those behind these malicious falsehoods, and those responsible shall pay for the damages they have caused.
Sujimoto is not merely a company; it is a creed — a fellowship of architects, artisans, and engineers bound by a shared pursuit of excellence. We have empowered thousands, paid over ₦7 billion in wages in the past 12 years, and built monuments that speak where falsehood falls silent.
In a nation where haste is mistaken for progress and ambition for arrogance, it has become easy to weaponize delay. Yet progress, like justice, is slow only to those who lack patience. Our only “crime” is daring to dream beyond the comfort zone of ordinary builders — and for that, we shall never apologise.
Some may not like Sujimoto — his relentless ambition, his boldness, his refusal to follow the ordinary. Some may call him loud, too forward, even audacious. Yet no one can deny his work. His projects speak for themselves — unmatched in vision, execution, and impact. To question the man is human; to question the monument he builds is impossible.
Sujimoto does not build for applause. We build for permanence. And when The Leonardo finally rises — not if, but when — it will stand as a monument to truth: proof that audacious vision outlives the noise, and that gold is forged only through fire.
Dr. Sijibomi Ogundele is the Group Managing Director of Sujimoto Holdings, the Czar of Luxury Real Estate Development, and the mastermind developer behind the renowned Giuliano. Our other audacious projects, such as the most sophisticated building in Banana Island, LucreziaBySujimoto, the grandiose Sujimoto Twin Tower, the tallest twin towers in Africa; the regal Queen Amina by Sujimoto, a monument to royal affluence; the magnificent high-rise LeonardoBySujimoto; the Sujimoto Farm; an advanced farm estate system that incorporates housing, farm hospitals, hotels, and markets within an ecosystem, creating opportunities for agro-tourism and affordable housing., among other projects that have etched an indelible imprint on Nigeria’s skylines, a testament to Sujimoto’s unrivalled mastery of modern-day engineering.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
Business
BUA Group, AD Ports Group and MAIR Group Launch Strategic Plan for World-Class Sugar and Agro-Logistics Hub at Khalifa Port
BUA Group, AD Ports Group and MAIR Group Sign MoU to Explore Collaboration in Sugar Refining, Agro-Industrial Development, and Integrated Global Logistics Solutions
Abu Dhabi, UAE – Monday, 16th February 2026
BUA Group, AD Ports Group, and MAIR Group of Abu Dhabi today signed a strategic Memorandum of Understanding (MoU) to explore collaboration in sugar refining, agro-industrial development, and integrated global logistics solutions. The partnership aims to create a world-class platform that strengthens regional food security, supports industrial diversification, and reinforces Abu Dhabi’s position as a hub for trade and manufacturing.
The proposed collaboration will leverage BUA Group’s industrial and logistics expertise, Khalifa Port’s world-class infrastructure, and AD Ports Group’s operational experience. The initiative aligns with the objectives of the UAE Food Security Strategy 2051, which seeks to position the UAE as a global leader in sustainable food production and resilient supply chains. It also aligns with Nigeria’s food production- and export-oriented agricultural transformation agenda, focused on scaling domestic capacity, strengthening value addition, improving post-harvest logistics, and unlocking new markets for Nigerian produce across the Middle East, Asia, and beyond.
Photo Caption: L-R: Kabiru Rabiu, Group Executive Director, BUA Group; Cpt. Mohammed J. Al Shamisi, MD/Group CEO, AD Ports Group; Saif Al Mazrouei, CEO (Ports Cluster) AD Ports Group; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group; and Steve Green, Group CFO, MAIR Group
Through structured aggregation, processing, storage, and maritime export channels, the partnership is designed to reduce supply chain inefficiencies, enhance traceability and quality standards, and also create a predictable trade corridor between West Africa and the Gulf.
BUA Group—recognised as one of Africa’s largest and most diversified conglomerates, with major investments across sugar refining, food production, flour milling, cement manufacturing, and infrastructure- brings extensive industrial expertise and large-scale operational capability to the venture. MAIR Group will provide strategic support in developing integrated logistics and agro-industrial solutions, creating a seamless platform for production, storage, and distribution.
Abdul Samad Rabiu, Founder and Chairman of BUA Group, said:
“This MoU marks an important milestone in BUA’s international expansion and reflects our long-term vision of building globally competitive industrial platforms. Together with AD Ports Group and MAIR Group, we aim to develop sustainable food production and logistics solutions that strengthen regional supply chains and support the UAE’s Food Security Strategy 2051.”
He further added that, “This partnership represents not just a commercial arrangement but a strategic food corridor anchored on shared economic ambition, resilient infrastructure, and disciplined execution, reinforcing long-term food security objectives for both nations.”
A representative of MAIR Group added:
“This collaboration underscores our commitment to advancing strategic industries in Abu Dhabi and building integrated solutions that reinforce the UAE’s position as a global hub for trade, food security, and industrial excellence.”
A spokesperson from AD Ports Group commented:
“Our partnership with BUA Group and MAIR Group highlights Khalifa Port’s role as a catalyst for high-impact industrial investments. This initiative will enhance regional food security, strengthen global trade connectivity, and support Abu Dhabi’s economic diversification goals.”
This MoU marks a historic collaboration that combines world-class infrastructure, industrial expertise, and strategic vision, setting the stage for a sustainable and resilient food and logistics ecosystem that will benefit the UAE, the region, and global markets alike.
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