Sujimoto Construction Limited has denied any liability in respect of a disputed ₦24 million claim, clarifying that the matter is currently before a court of competent jurisdiction for determination.
In a statement issued on Monday, the company disclosed that the powers of an administrator appointed through an ex-parte court order have been suspended, pending the outcome of ongoing legal proceedings.
Sujimoto explained that although it deposited a bank draft covering the disputed sum, the payment was made strictly under protest and in compliance with due process, stressing that the action does not amount to an admission of liability.
According to the firm, it has filed motions challenging the ex-parte order, noting that the filings have effectively placed the authority of the appointed administrator on hold until the court delivers its ruling. The company added that the ex-parte order, granted on November 14, 2025, was based on representations regarding its financial position which, it said, do not reflect its current operational realities.
The construction and real estate firm stated that it has placed substantial evidence before the court to demonstrate sustained financial stability and active business operations. It disclosed that over the past 12 months alone, it has made payments running into billions of naira to creditors.
Sujimoto revealed that more than ₦10 billion was paid within the period to banks, private investors and government agencies. This, it said, includes a voluntary repayment of ₦1.28 billion to the Enugu State Government on a contract that remains under dispute.
The company further disclosed that it holds assets valued in excess of ₦90 billion, while its liabilities represent less than 10 per cent of its total asset base. It added that its financial standing is reinforced by a Triple BBB+ Investment Grade rating for 2024–2025 issued by DataPro.
Reaffirming its commitment to sound corporate governance, Sujimoto stated that it remains dedicated to transparency and constructive engagement with its creditors, emphasising that it has consistently settled obligations through lawful and structured processes.
The firm also highlighted its workforce capacity, noting that it employs over 745 professionals and has paid more than ₦7 billion in wages over the past 12 years.
Commenting on the development, the Group Managing Director of Sujimoto Holdings, Dr Sijibomi Ogundele, said the company would continue to operate strictly within the ambit of the law while prioritising project delivery and staff welfare.
“Sujimoto remains committed to integrity, accountability and excellence. We will continue to operate transparently and ensure that all obligations are addressed in line with the law,” Ogundele said.
The company affirmed that it would pursue its legal position through the courts while maintaining operations and delivering real estate projects across Nigeria.
