Meet Sijibomi Ogundele who rose from a wheelbarrow trader to a real estate billionaire

Meet Sijibomi Ogundele who rose from a wheelbarrow trader to a real estate billionaire

  • Sijibomi Ogundele is arguably one of the youngest billionaires in Nigeria with great achievements in the real estate sector
  • His company Sujimoto Construction is one of the most successful real estate and construction companies in Nigeria
  • Mr. Sugimoto’s story is nothing but an inspiration to young Nigerians who hope to make a success of themselves in whatever field

Sejibumi Ogundele’s rise to fame and fame is nothing but an inspiring story of how a man born without a silver spoon can succeed in Nigeria. Ogundele or Mr. Sugimoto, as he is fondly called, is the Managing Director/CEO of Sugimoto Construction, a luxury construction company that focuses on building extraordinary edifices in upscale neighborhoods.

Born on April 8, 1981 to a Samson laborer father, Idowu Ogundele, and a businesswoman mother, Sejibomi grew up on the streets of Agege. Growing up in a slum in Oko Oba, where only two residents had a generator set, Sejibomi vowed to never remain poor, but rather become a success story.

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Meet Sijibomi Ogundele who rose from rickshaw pusher to real estate billionaire
Sejibumi Ogundele, CEO of Sugimoto Group, Image Credit – Sugimoto Construction Company
Source: User-generated content

He attended Oko Oba Primary School, Ijebu Ode Grammar School, and Lagos State Model College, Miran. He later left Nigeria to study law at Anglia Ruskin University in England

Due to his extensive travels, Segebumi now speaks Hausa, Yoruba, French, Spanish and a little Arabic and Japanese.

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Sijibomi foray into action

Meet Sijibomi Ogundele who rose from a wheelbarrow trader to a real estate billionaire
Sijibumi Ogundele; Image source – Sugimoto81
Source: Instagram

Growing up as the son of a merchant mother and observing enterprising Igbo traders in the Oke-Arin market where his mother owned a shop, Sejibomi’s passion for business was kindled. His first knowledge of business came from following his mother to the market and learning different aspects of business.

While helping his mother in the market, he would help her move her goods as a wheelbarrow pusher. He also helps other traders in the market with his wheelbarrow and thus earns some wages.

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From his small savings at an early age, he started a bicycle business. From one bike, he owned more as the business progressed.

As he began to realize his destiny in business, real estate seemed to be the preferred door to pass through.

Sejibumi is going into real estate

Sejibomi’s interest in real estate arose while living in the south of France in 1998 when he was brokering project management and financing deals. However, his first big break was in 2011 when he bought an apartment in Paris and decided to redesign it. After completing the remodel, he sold the apartment for more than double the amount he initially bought it for.

This experience ignited and deepened his interest in real estate, and since then there has been no turning back. Returning to Nigeria in 2014, Sijibomi’s mission was to revolutionize the Nigerian luxury real estate market.

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Sejibumi founded the Sugimoto Group

Meet Sijibomi Ogundele who rose from rickshaw pusher to real estate billionaire
Sijibomi Ogundele at one of his construction sites
Source: original

Based on his vision to redefine luxury living, the Sugimoto Group was established in 2013 in partnership with Yazeed Al Rajhi, a real estate mogul in the Kingdom of Saudi Arabia.

The name Sugimoto was borrowed from Sejibumi’s teacher, Sugimoto Koga, a Japanese professor. Sejibumi often mentioned that the professor helped boost his self-confidence and influenced his business initiatives.

Today, the company has offices in major cities such as Lagos, Abuja, Accra, Riyadh, Dubai, Madrid and Paris.

Sugimoto Enterprises

Meet Sijibomi Ogundele who rose from a wheelbarrow trader to a real estate billionaire
Governor Babajide Sanwo-Olu and Segebumi Ogundele; Image credit – Business Day
Source: User-generated content

Sugimoto Group is known for owning a bastion of luxury real estate in Nigeria’s largest city, constructing enchanting structures with the highest levels of detailed quality.

A collection of 16 four-bedroom townhouses in Accra, Ghana, known as Lincoln Street, was Sugimoto’s first major real estate project.

Some of her most stunning projects include MediciBySujimoto, LucreziaBySujimoto on Banana Island, LeonardoBy Sujimoto on Banana Island, The Giovanni and The HQ in Ikoyi; Queen Amina by Sugimoto in Abuja and of course the Sugimoto Tower in Dubai, a 44-storey building.

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Sugimoto and philanthropy

Meet Sijibomi Ogundele who rose from a wheelbarrow trader to a real estate billionaire
Sejibumi Ogundele and students of Bright Achievers School, Photo Credit – Sugimoto Collection
Source: User-generated content

Philanthropy is one area that delights Mr. Ogundele. In 2015, he gifted a fully furnished luxury apartment and tuition to Olajumoke Orisajuna, a bread seller turned model who was discovered by music photographer TY Bello on the streets of Lagos.

As part of her CSR efforts, Sugimoto distributed hampers to 10,000 women, single mothers, widows and other underprivileged Nigerians.

Students and teachers at his alma mater, New Oko Oba Primary School, Agege, Lagos, continue to benefit from his benevolence every year.

On the occasion of its 40th birthday, more than 400 students from Bright Achiever’s School, a free community project slum school for underprivileged children in Ilaji Bariga, were supported with packages, cash donations and free scholarships

Awards and recognitions received by Sijibomi

Meet Sijibomi Ogundele who rose from a wheelbarrow trader to a real estate billionaire
Sejibumi Ogundele received an honorary degree from Precious Cornerstone University, Oya State; Image source – Sugimoto Collection
Source: User-generated content

Mr. Ogundele has received numerous awards and recognitions for his illustrious influence in the real estate sector in Nigeria. A few of them include an honorary doctorate from Precious Cornerstone University in Oyo State and the 2020 Vanguard Young Entrepreneur Award.

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For his efforts in building a dynamic luxury construction company, he has received extensive coverage by most reputable media platforms including CNN, Forbes, CNBC Africa, Channels Television, and others.

Sugimoto, Okonkwo, and others top’s list of most distinguished business figures in real estate

Sijibomi Ogundele’s Sugimoto Construction Company, Ichechi Okonkwo’s Victoria Crest Homes, and 5 other real estate companies are among the major companies leading the real estate sector in Nigeria. In Legitimate Business Names of 2022, I recently celebrated prominent figures in Nigeria’s real estate industry whose companies disrupted the sector in 2022 in the face of challenging macroeconomic conditions.

These include Sejibumi Ogundele (Sugimoto Group), Echi Okonkwo (Victoria Crest), Oba Adetola Emmanuel King (Adron Homes), Ladi Agboola (Purple Group), Bamidele Onalaga (Revolution Plus), Oluwale Ayelara (Landwe), and Festus Adebayo (Africa ). International Housing Exhibition).


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