Former CIG Motors Executive Jubril Arogundade Denies Termination, Explains Voluntary Exit

   

Former CIG Motors Executive Jubril Arogundade Denies Termination, Explains Voluntary Exit

Jubril Arogundade, a former senior executive of CIG Motors, has issued a formal clarification regarding his departure from the company, following recent public statements and media reports that inaccurately described his exit as a termination.

Mr. Arogundade stated that he voluntarily resigned from his position on December 2, 2025, in full compliance with his contractual obligations and internal procedures. He explained that his resignation was formally submitted in writing, acknowledged by management, and accompanied by an agreed notice period and exit timeline.

He stressed that any public portrayal of his departure as a termination is incorrect and does not reflect the actual sequence of events.

“I resigned from my position at CIG Motors after careful reflection and in line with due process,” Arogundade said. “It is therefore concerning that my voluntary exit has been publicly mischaracterised. I believe strongly in transparency and professionalism, and I am compelled to set the record straight.”

Reasons for Resignation

Arogundade said his decision to resign was informed by long-standing internal concerns relating to corporate governance, financial discipline, and regulatory compliance within the organisation. Over time, he raised these concerns through the proper internal channels, consistent with his responsibilities as a senior executive and his commitment to ethical business practices.

Key issues that influenced his decision included persistent corporate governance gaps, absence of adequate internal controls and oversight mechanisms, a growing and unsustainable debt profile driven by repeated borrowing without long-term financial planning, and ongoing regulatory and compliance challenges, including unresolved tax and statutory obligations.

He noted that stepping away was guided by principle and professional responsibility, particularly where continued association could conflict with his personal values and standards of corporate accountability.

“As a Nigerian professional, I take governance, compliance, and institutional responsibility very seriously,” he said. “When internal efforts to address these matters did not yield the necessary corrective action, I chose to resign rather than compromise on standards that I believe are fundamental to sustainable business.”

Response to Allegations

Responding to circulating allegations, Arogundade categorically denied any claims of financial impropriety or misconduct. He said he has nothing to hide and welcomes any lawful, independent, and objective review of his conduct during his tenure.

He further clarified that, contrary to public insinuations, he has not been contacted by any law enforcement or regulatory agency regarding the claims, and he remains fully available to cooperate should any 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 Nigerian operations, including initiatives focused on local capacity development, employment of Nigerian professionals, operational expansion, and brand visibility within the automotive sector.

Under his leadership, the company earned multiple 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 local partnerships and contributing to the company’s recognition nationally and internationally. He said these achievements reflect a career built on credibility, competence, and service, with consistent recognition for leadership and contribution to industry development.

Call for Responsible Reporting

Arogundade stated that he has taken appropriate steps through legal and professional channels to protect his reputation and address the dissemination of false or misleading information. He also urged media organisations and commentators to adhere to the principles of 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, properly examined, will speak for itself.”