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INVESTOR: “Sujimoto, I want my $100,000 Investment back!”

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“Sujimoto, I want my money back!”

“I want the $100,000 initial deposit I made back.”

“A lot of people are saying this dream is impossible, and you are too overzealous.”

“No one has achieved such yet, especially not in Nigeria!” Her voice still echoes in my head.

And, I remember responding with, “Aunt, kindly exercise patience; the tenth floor at $1.5M is a great deal.”

She had no idea that I had sold her a $4 million property for $1.5 million.

She continues, “In my 27 years of professional expertise, I don’t believe this dream is achievable!”

These are statements and concerns I received from the chairman of a major insurance company that attended our 5th-anniversary celebration in 2019. Afterwards, she decided to invest in Lucrezia’s off-plan before the commencement of the LucreziaBySujimoto’s foundation. However, she cancelled the transaction and requested a refund. Thankfully, the money was still intact, and I refunded her immediately.

Just recently, she visited the mock apartment and was flabbergasted by the incredible work and speed we’ve achieved on the Lucrezia project. As one of our staff continued to negotiate with her over the price this time, she refused him, saying, “SUJI handed me this property for $1.5 million a few years ago before its foundation started, why are you now telling me to pay three times the price?”

I said to myself, “This is what happens when a pessimistic investor refuses to trust in the vision of tenacious entrepreneurs!”

Unfortunately, she can’t afford it now, as the final unit we have is priced between $2.5 million and $4 million.

The best time to invest in real estate is to find a reliable developer with a wealth of experience and integrity. Then buy into his vision, now!

The best time to buy a property is to find a reliable developer with a wealth of experience and integrity, then buy into the vision now!

I remember vividly when we started Lucrezia —nobody believed us. The only person who believed in our dream and was more than happy to invest in it was the Managing Director of Providus Bank. A visionary leader who, despite all obstacles, sat at our side at every meeting, fighting for us and ensuring that everything we needed to complete the project was supplied.

Yes! Nobody told us it wouldn’t be easy.

Nobody told us containers would spend months in port or foresaw the price of clearing a container, spiking from N4M to N9M.

Nobody warned us of the drastic exchange of the naira to the dollar, from N360 to today’s rate of N750, giving us a deficit of over N5B.

Nobody told us COVID-19 would impact the global economy, which affected this project and shot up our costs by over 200%. Nobody reminded us of all these.

But these are the lessons we learn as energetic and uncommon entrepreneurs, as when we commit to a project, we ensure its successful execution against all odds.

This is one of our company’s trade secrets. We believe in our goals of reinventing luxury living, which is a true motivation for putting our perpetual effort into developing what is now worth more than N50 billion.

Building a duplex is different from building a skyscraper; there are fundamental, technical, but essentially important details you need to know to build a skyscraper.

That’s why all our technical and structural engineers are people with successful experience in the erection of skyscrapers across the globe. To reinforce our zero tolerance for mediocrity, we hired an Italian piling master with 28 years of experience to oversee the work of Nigeria’s proclaimed best-piling company, as we were determined to establish a foundation of unwavering strength.

A total of 17,500 cubic meters of concrete was used to create one of the biggest piles and pile caps in the world, which has a 900 mm pile diameter and goes 45 meters deep with over 140 piles, making Lucrezia’s foundation one of the most formidable foundations ever, one to endure a century and beyond.

 

We raised the building after the pilling from the ground floor to the 15th floor in 4 months, making it the fastest construction of a high-rise building in Nigeria with the use of bonded post-tensioning slabs, which are the only standards in Dubai for the construction of high-rise buildings, making Sujimoto the first indigenous company to use such technology.

To ensure that the facade installations are of the highest quality, we went above and beyond by recruiting the expertise of specialists and companies with proven track records in the fabrication of facades costing more than 1.5 billion naira.

Aside from the spectacular features—the IMAX cinema, the lobby, the virtual golf, a 345 square meter temperature-controlled pool, including a Jacuzzi and kids’ pool, and a spa— A special place the residents and other special members of society can visit to indulge in the ultimate relaxation experience is Lucrezia. We have one of the finest salons for the convenience and comfort of our residents, as well as a creche to nurture future kings and queens. Also, to create ample space for car parking, we raised the ground floor higher to enable double parking racks.

We are hopeful and optimistic LucreziaBySujimoto will be completed by June 2023, and we’d be gazing up at Banana Island’s tallest building. A 15-story ultra-luxury building with magnificent maisonettes and two of Africa’s best penthouses wrapped in a rare façade material known as glass-reinforced concrete.

The $52 million architectural masterpiece towers 65 meters above the ground, with a combined livable space of 18,000 square meters reserved for the vital few and an incredible, mechanically powered, centralized AC system that would outperform any other company in Nigeria.

Our mockup flats are designed to exude and emanate the luxury of the Burj Khalifa in Dubai and the Shard in London. Zaha Hadid Porcelanosa, one of the best Noble prize architects in the world and the producer of the rarest sanitary wares by Porcelanosa, immensely contributed to this project, making us the only developer in Africa with such a level of rarity and class as it only available at 5-star hotels in Dubai and London.

With the proper quality control checks at every level, we made sure that all T’s were crossed and all I’s were dotted, ensuring thorough and rigorous quality control of every material, from the sand to the chandeliers, doors, sanitary wares, and others. Without a doubt, the project has been founded on resilience and determination. one of the most complex but successful projects ever, as everyone that worked on the project paid excessive attention to details.

As we near the end of this record-breaking project, we want to convey our deepest gratitude to Providus Bank for helping us develop one of the greatest condominiums in the African real estate market. And also, to our incredible staff, both local and international, which numbered over 300 people working day and night for the past 792 days to complete one of Africa’s most iconic projects

LucreziaBySujimoto’s penthouse, unquestionably the best penthouse in Africa, with a private golf garden, private elevator, private pool, and private gym, is still available to any audacious and daring individual. We also have one unit of the maisonette available for sale at a reasonable price.

You can contact the general managing director directly for further information or call 0809 124 3555.

Sijibomi Ogundele is the Managing Director of Sujimoto Group, the Czar of luxury real estate development, and the mastermind developer behind the infamous Giuliano. Our other audacious projects, such as the grandiose Sujimoto Twin Towers, the tallest twin towers in Africa, the regal Queen Amina by Sujimoto, a monument to royal affluence, and the magnificent LeonardoBySujimoto, Africa’s most exclusive waterfront high-rise development, have etched an indelible imprint on Nigeria’s skylines, a testament to their unrivalled mastery of luxury.

Furthermore, Sujimoto is dedicated to redefining luxury living with transformative experiences through intricately designed architecture and also searching globally for the world’s most renowned thought leaders in architecture, art, hospitality, and innovation.

 

Society

Build a fabulous, all-year round wardrobe without breaking the bank – By Kunle Bakare (KB)

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Let’s begin with Brioni today. And learn from the hugely successful Italian brand established in 1945 by two friends. The fashion house coveted by style cognoscenti has one of the most apt slogans we know: ‘to be one of a kind’.

 

‘To be one of a kind,’ unique and uncommon are the attributes of all human beings (when we deploy the traits that differentiate us, like our fingerprints prove).

 

And for style, those who constantly upgrade and elevate their duds and accessories acknowledge the importance of creating an exceptional, distinctive (but not flamboyant and loud) dress sense.

 

They fill their wardrobes with extraordinary winners that give them immeasurable pleasure. Their garments and all the pieces that elevate them heavenwards are objects of desire that amplify the best version of themselves.

 

So, to build a wardrobe that fits your personae, presents your best version, credits your account with regular dividends and high returns on investment is a meticulous and painstaking process. Forever appearing well-put-together—at work and at play, at home or out and about—demands a lot of smart thinking and action. Like the elongated shadow behind the luxury label Sofisticat, Mr Lanre Ogunlesi—whose role as a forerunner who cleared, toiled and paved the path legions are proud to prance on—constantly proclaims, ‘dressing well requires a lot of preparations.’

 

And here are some of the ways you can build a remarkable wardrobe without spending a fortune:

 

1. First, acknowledge and note the activities that are important to you.

a. How and where do you spend your week?

b. What’s the dress code at work?

c. How do your most successful partners, associates and colleagues dress?

d. How do you spend your evenings and weekends?

e. Which other activities dominate your calendar?

 

2. Priotise these activities.

Which engagements are crucial, that are important and improve your earnings (in the long run), dispense the greatest pleasure, boost your well-being and promote your mental health?

 

3. Analyse the one that takes up the most time.

Which engagement takes up the highest percentage of your time?

 

4. Now list the apparels that should populate the most engaging activities that improve your earnings and multiply your pleasure.

 

To build a special wardrobe demands enormous time, energy and resources. And the passion and will that surpass distraction and disappointment.

 

What you do—your profession and how you dress to earn your living—is paramount when you are building a wondrous wardrobe. The uniform of your occupation, the dress code permitted for your livelihood takes the prime spot. Since this engagement dominates your week (from five to six days), your wardrobe should be mostly filled with work clothes that should last for two weeks, at least—far more if your means permits—without repetition. If you master how to mix and match and coordinate, it’s possible to stretch the same items for many more days.

 

Also consider engagements that litter your evenings and weekends. The events you attend and places you worship, socialize and unwind. For these activities, start with a dozen ensembles, which you build gradually, and then expand later.

For these solemn moments, lively soirées and exciting shindigs you will require top notch attires that best represent who you are. More so, your worship ensembles—whatever faith you profess or conviction you cherish—should be the best you can afford in formal mode tilting to high elegance in consonance with what your leaders recommend.

 

For very special occasions, it might be best to make (get) new attires.

 

Before you begin assembling these togs, you should also:

 

*Decide where you want to perch on the style ladder: of course, towards the top of the Richter scale of elegance!

 

*Decide the style that warms your bosom, agrees with your persona and fits your pocket: from minimalist to the exuberantly joyful (without the gaudy factor)!

 

*Carefully pick tailors, designers and outlets that serve your style best. Take time to research and locate them in your town or farther afield.

 

Once you are clear about where you are going, do an audit of your current wardrobe and retain only items that fit your plans and aspirations. Discard everything else!

 

Choose clothes and accessories that work together (as interchangeable separates), complimentary colours and styles—and acquire heartwarming and exciting pieces for the wardrobe that will serve you for years.

 

Your wardrobe—to serve your objectives and take you far—should represent the slow fashion ethos. Classic, durable, ethically produced and sustainable fabrics in modes devoid of trends and what’s in vogue. And Brunello Cucinelli—the 70 year-old flag bearer of quiet luxury whose restoration efforts in Solomeo (Italy) is a ‘tribute to human dignity’—readily comes to mind.

 

Note: it takes time to build anything worthwhile (even if money was no object). Test what works unhurriedly, step by step and settle for what fits your future self. Upgrade as your knowledge increases and your pocket swells.

 

What’s more, you should take good care of your apparels. They will serve you better and longer. For example, don’t iron wool and delicate fabrics directly. Buy the most functional steam iron you can afford. You should also own a garment steamer. Don’t wear shoes two days in a row. Rotate! Stock shoe care products and use them.

 

Get a good, dependable and experienced dry cleaner and laundryman. Your clothes will thank you and serve you for years.

 

And don’t forget: dry clean your garments occasionally. The chemicals used in dry cleaning damage clothes. Instead, rotate, air, iron, steam, buff and polish your clothes and shoes— and keep them in breathable bags in cool spots.

 

You may also consider stylists or wardrobe consultants (they will save you time, energy and money eventually).

 

-Kunle Bakare for Omoluwabi by KB (19.04.2024)

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Society

Boosting Health Access: Lasaco Assurance Supports NYSC Corps Members’ Health Mission”

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Insurance underwriter, Lasaco Assurance Plc, has donated health recovery items to support the Health Initiative Programme of the National Youth Service Corps members serving in the Ifako Ijaiye Local Government area of Lagos State.

A statement from the firm said that the donation was to boost health development in the country.

 

Some Corps members, under the aegis of Local Government Initiative, for their first quarter Health Initiative, embarked on a project to provide health services to rural dwellers, whose access to quality health services was limited due to poverty, ignorance and superstition.

 

Lasaco Assurance supported the corps members to reach the target audience and help them overcome their difficulties in accessing quality health.

10 corps members head to India for youth exchange programme

Group trains youths to solve environmental challenges

NYSC confirms release of abducted corpers

The company’s Head of Corporate Communications, Seye Smart, who represented the Head of Strategy, Research and Communications, Dayo Adetokun, at the presentation of the gift items to the corps members, emphasised the importance of exposing the citizens to quality health and safety as that would improve their capacity, make them function well and prolong their life expectancy.

 

A healthy citizen, she explained, would contribute meaningfully to the growth of society and be useful for the development of humanity.

Leader of the LGI team, Bose Ojimi, said the programme was the group’s modest contribution to the country’s quest for improved health and safety for Nigerians and hoped that other corporate organisations would follow in the footsteps of Lasaco Assurance to offer necessary assistance to the people.

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Yahaya Bello absent as court adjourns, EFCC mulls military’s help to fish him out 

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Justice Emeka Nwite of the Federal High Court Abuja has adjourned the suit instituted by the Economic and Financial Crimes Commission (EFCC), against the immediate past Governor of Kogi State, Yahaya Bello, to April 23rd.

 

The adjournment is for substituted service and possible arraignment of Bello for alleged N84bn money laundering. At the resumed sitting, Counsel for the EFCC, Kemi Phinro, told the court that the immediate past governor of Kogi State was absent from court for his arraignment because he was being protected by someone with immunity.

 

Phinro said the former governor was whisked out of his Abuja residence by the same person with immunity. Phinro said the anti-graft agency might seek the help of the military to fish him out to come face his arraignment. Responding to this submission, Yahaya Bello through his counsel, Abdulwahab Muhammad, told the court that there is an order of the court restraining the EFCC from arresting or arraigning him.

 

Muhammad said a Kogi State High Court had on February 9, 2024 restrained the EFCC from arresting or arraigning the former governor. He added that the EFCC has appealed the ruling and the Court of Appeal was yet to decide on the matter. He pointed out that the action of the EFCC was unconstitutional and the court lacked jurisdiction to entertain any charge from

the EFCC.

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