The Federal High Court in Lagos has appointed Mr. Omobolaji Bello as the Administrator of Sujimoto Holdings Limited, placing the company under formal administration. Mr. Bello assumes the role of Chief Restructuring Officer (CRO), with full oversight of the company’s business operations, assets, and affairs.
This decision follows an earlier order issued on November 14, 2025, under the Companies and Allied Matters Act 2020 (CAMA 2020).
As Administrator, Mr. Bello is tasked with stabilising the company’s operations, preserving enterprise value, and implementing a structured turnaround programme aimed at performance improvement. Sujimoto Holdings has reassured clients, suppliers, and other stakeholders that it remains operational and continues to engage in ordinary business activities under the supervision of the CRO and appointed professional advisers.
The administration marks a critical step in Sujimoto Holdings’ restructuring process. Creditors, suppliers, and any individuals or entities with claims against the company have been formally notified to submit verified claims, along with supporting documentation and contact details, to the Office of the Chief Restructuring Officer within seven days. The company has warned that claims submitted after this timeframe may be deemed forfeited and excluded from consideration in the ongoing restructuring.
In a statement, Sujimoto Holdings emphasized the continuity of its operations during the restructuring: “The company continues to engage clients, customers, suppliers, and partners in the ordinary course of business, under the supervision of the CRO and appointed professional advisers.” This move seeks to reassure stakeholders of the company’s commitment to transparency and operational stability.
Industry analysts note that the appointment of a CRO is a common strategy for real estate and construction firms experiencing operational challenges, allowing them to maintain business continuity while addressing financial, management, or structural inefficiencies. The structured turnaround programme under Mr. Bello is expected to review Sujimoto Holdings’ internal operations, optimize processes, and develop a sustainable plan for long-term growth and financial health.
Sujimoto Holdings Limited is a major player in Nigeria’s real estate sector, known for luxury developments and high-end residential projects. The court’s intervention reflects the need to protect stakeholder interests while providing the company with a clear path to recovery. By appointing an experienced CRO, the court aims to balance creditor claims, maintain service delivery, and position Sujimoto Holdings for a future post-restructuring revival.
The restructuring process also serves as a reminder of the importance of robust corporate governance in Nigeria’s real estate sector. Proper oversight, timely reporting, and transparent communication with stakeholders are critical in managing risks associated with operational disruptions. For Sujimoto Holdings, the current administration represents both a challenge and an opportunity to restore confidence among investors, clients, and partners while ensuring long-term sustainability.
The company’s stakeholders are watching closely as the administration progresses, with hopes that the measures under Mr. Bello’s leadership will stabilize operations, safeguard assets, and deliver a successful turnaround.
