Business
Sijibomi Ogundele Unveils $400m Global project
Sijibomi Ogundele unveil his $400 million first Glass Reinforced Concrete Building (GRC)
A facade full home Automation. The Age brought up Big boy, whom many have discribes as the youngest Real Estate Billionaire, SIJIBOMI OGUNDELE (SUJIMOTO) was recently seen at the Lucrezia Project Site located inside Banana island, ikoyi, Lagos State.
Our team who was at the site with him and can authoritatively report that the project is at its final stage of completion and work is in progress, the building if completed will be the first and only reinforced concrete private resident in Nigeria and Africa as a whole, an Automation Home with private IMAX cinema for residents, standard creche, indoor and virtual golf.
The easy going and soft spoken young man Sijibomi Ogundele, who had a very humble upbringing, developed the entrepreneur drive as a souvenir hawker in France, a trade he learned from his mother; doing ‘ALABARU’ a Yoruba word for cait-carrer in the popular Oke-Aro market, one of the biggest city trade zone in the whole of Africa.
From that humble beginning he learned basics of building a business enterprise, while in the trade he still have passion for education, though he didn’t attend the prestigious school like king’s college or any of the private schools of that time, but his father a public servant with John Holt could afford a public school uniform for his dearly boy, for this reason Sijibomi Ogundele determined to change the Fortune of his family; though he studied law in the long run but the spirit of entrepreneurship which his mother has imbibed in him became a dominating factor to his quest for success.
Other factor that carved/shaped his resistance is where he grow up, Agege, till date is regarded as the most populated single residential area in Lagos, populated and housing almost all the ethic groups in Nigeria, a community that can boost of producing most of the top music icons and footballer’s, model, Comedian’s and Celebrities.
Sijibomi was just 8 years old when his mother introduce him to her line of business of buying and selling, a step he developed into an entrepreneurship ideals. He started first as a motorcycle operator, with one bike popularly called ‘Okada Business’ he save the little profit and after some months he bought another one, from that singular one okada Sijibomi Ogundele bought 6 okada and that was the beginning of a multimillionaire enterprises (SUJIMOTO) a great testament to a strong business resilient and entrepreneurship Prowess.
Many of his friends discribes him as a rose flower that grows on a concrete, Mr Sijibomi Ogundele just clocked 39 years, within 5 years built a world class company, the SUJIMOTO is the must extraordinary edifice in a premium neighborhood the Banana island, in ikoyi, a building when completed and in operation will generate an annual revenue of an approximately $30 million, projectively the Sujimoto Group will be worth over $400million in the next few years.
The Multy Billion Dollar business (LorenzoBySujimito) actually started with 15 storey building, while the building is under construction a new reevaluation was proposed and the architectural drawings was restructured to accommodate 15 more storeys bringing the number to 30 storey building. With this new development LorenzoBySujimoto has been discribed as the fastest raising entrepreneurship edifice of our time.
Sijibomi Ogundele famous words “To be second is to be last; if people in their 30’s are building 5000 units annually in Asia, 75 unit’s shouldn’t scare you’ according to Mr. Ogundele “I believe in Nigeria, my passion comes from my patriotism; I believe that the Nigeria that produced the likes of MKO’s, the Dangote’s, and the Ojukwu’s also has something great in store for me”
Within 5 years Sijibomi Ogundele have developed a streem of business, which includes Sujimoto Giuliano Project, a 100% covered with travertine store fully automated. This was his first project which has in each unit a private elevator and an award-winning zaha habid bathroom from porseelanose, the idea was to set a standard luxury terrace that must compet with the quality of edifits usually of banana island; which will be able to attract client’s like MD of multinational business, billionaires and Celebrities
A stone throws from Giuliano; Sujimoto building dubbed as the tallest residential building in Banana Island – the LucreziaBySujimoto. A revolutionary building, never before seen in Nigeria or Africa! The first building with Glass Reinforced Concrete (GRC) façade, Full Home Automation, private IMAX Cinema for the residents, standard crèche, Indoor Virtual Golf with over 2,500 courses worldwide to play on, swimming pool in the sky and other exciting features. Sitting on the 12th floor is the best penthouse in Africa. A project that sets an enviable standard for luxury residential apartments in Nigeria with a sales value worth $46 and a delivery deadline of December 2021.
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Speaking on the Lucrezia, Mr. Ogundele made a startling revelation; “We are building the best condominium not only in Nigeria but also in Africa. The Lucrezia Penthouse comes with a private elevator, private cinema, private golf, private gym, and a private pool! The Lucrezia is very special to us because Sujimoto is divesting from Residential Projects with 80% of our real estate interest into Commercial Projects.
*PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status
To prevent any misunderstanding regarding our affiliation with the United Nations, we hereby provide a formal clarification on the status and identity of the United International Peace and Governance Council (UNIPGC), formerly known as IPGC.
UNIPGC is an independent Civil Society Organization and Non-Governmental Organization with continental chapters registered in the United States, Germany, Canada, and several countries across Africa. The organization is committed to promoting the values and principles of the United Nations, particularly in advancing Sustainable Development Goal 16 (Peace, Justice, and Strong Institutions), as well as advocating for good governance globally.
In furtherance of its mandate, UNIPGC has established partnerships with reputable diplomatic civil society organizations, including the United Nations Association of Nigeria and the United Nations Association of Ghana. These collaborations are aimed at strengthening its engagement with initiatives aligned with United Nations ideals.
Additionally, UNIPGC has entered into diplomatic relations with the International Organization for Economic Development (IOED), an Intergovernmental Organization (IGO), to enhance its capacity for international cooperation and diplomatic engagement.
We wish to clearly state that UNIPGC is **not** an entity, agency, or organ of the United Nations.
Members of the public and media practitioners are respectfully advised to refer to the organization by its full and correct name: **United International Peace and Governance Council (UNIPGC)**, and not as the United Nations.
Thank you.
Business
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”
Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.
The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.
This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.
Speaking on the collaboration, the Laffmattazz team stated:
“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”
As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.
With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.
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About Laffmattazz
Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.
About First Bank of Nigeria Limited
First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.
Business
MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria
MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria
Anyone who has tried to get a loan to buy a house in Nigeria knows the drill: endless forms, property valuation, and eventual down payment of a minimum 25% or more on the property. Sometimes, interest rates could go as high as 30% per annum, while the typical loan limit is N50 million.
Now, FirstBank is making homeownership more attractive.
FirstBank, in partnership with the Ministry of Finance Incorporated (MOFI), has introduced the MREIF Home Loan. MREIF loan is a game-changer, offering a single-digit interest rate of 9.75% per annum, with a loan amount of up to ₦100 million and a repayment period of up to 20 years. This is perfect for salaried individuals, including Nigerians in the diaspora, looking to purchase homes in approved locations.
The MREIF loan stands out with its lower interest rate, higher loan amount, and flexible equity contribution as low as 10%. This makes it an attractive option for those seeking affordable homeownership.
You are one quick decision away from being a landlord.
If you’ve been waiting for the right time to buy a home, FirstBank’s MREIF Home Loan is the smartest route to owning property in Nigeria today. Visit the FirstBank website https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ to get started.
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