Jubril Arogundade, a former senior executive of CIG Motors, has clarified the circumstances surrounding his departure from the company, following recent media reports and public statements that inaccurately described his exit as a termination.
Mr. Arogundade confirmed that he voluntarily resigned from his position on December 2, 2025, fully complying with his contractual obligations and internal procedures. His resignation was submitted in writing, formally acknowledged by management, and included an agreed notice period and exit timeline.
He emphasised that any public portrayal of his departure as a termination is incorrect and does not reflect the true sequence of events.
“I resigned from my position at CIG Motors after careful reflection and in line with due process,” he said. “It is concerning that my voluntary exit has been mischaracterised. I have always believed in transparency and professionalism, and I am compelled to set the record straight.”
Reasons for Resignation
Arogundade explained that his decision was driven by long-standing concerns about corporate governance, financial discipline, and regulatory compliance within the organisation. Over time, he raised these concerns through proper internal channels, consistent with his responsibilities as a senior executive and his commitment to ethical business practices.
The main issues included gaps in corporate governance, lack of adequate internal controls, a growing and unsustainable debt profile, and unresolved regulatory and compliance matters.
He said stepping away was guided by principle and professional responsibility, especially where continued association could conflict with his personal standards of accountability.
“As a Nigerian professional, I take governance, compliance, and institutional responsibility very seriously,” he said. “When internal efforts did not produce the necessary corrective action, I chose to resign rather than compromise on standards fundamental to sustainable business.”
Response to Allegations
Arogundade denied any allegations of financial misconduct, stating that he has nothing to hide and welcomes any lawful, independent review of his conduct.
He clarified that he has not been contacted by any law enforcement or regulatory agency regarding the claims and remains fully available to cooperate should a legitimate inquiry arise.
“I have conducted myself with integrity throughout my career,” he said. “I am confident that any objective review will confirm this.”
Professional Record and Achievements
During his tenure at CIG Motors, Arogundade played a key role in advancing the company’s operations in Nigeria, focusing on local capacity development, employment of Nigerian professionals, operational growth, and improving brand visibility.
Under his leadership, the company received several industry recognitions, including Most Innovative Automotive Brand of the Year (Brandcom Awards 2024), Most Innovative Automobile Brand of the Year (Brandcom Awards 2023), 2023 Auto Company of the Year (Champions Award 2024), Most Innovative Automobile Company in Consumer Engagement, Outstanding Distributor (GAC China, 2023), Best in Business (National Daily Awards), Automobile Manufacturer of the Year (Peace Legend Awards 2022), and Fastest Growing Automobile Company of the Year (Brandcom Awards 2022).
He also supported projects aligned with Nigeria’s industrial growth objectives, strengthening partnerships and contributing to the company’s recognition nationally and internationally. He said these achievements reflect a professional record built on credibility, competence, and service, with consistent recognition for leadership and contribution to industry development.
Call for Responsible Reporting
Arogundade said he has taken appropriate steps through legal and professional channels to protect his reputation and address the spread of false or misleading information. He urged media organisations and commentators to uphold fairness, balance, and responsible journalism.
“Reputations are built over years and should not be undermined by inaccuracies or trial-by-media,” he said. “I trust that the truth, pr
operly examined, will speak for itself.”
