Jubril Arogundade, a former senior executive of CIG Motors, has issued a formal clarification regarding the circumstances surrounding his departure fr
Jubril Arogundade, a former senior executive of CIG Motors, has issued a formal clarification regarding the circumstances surrounding his departure from the company.
This follows public statements which he claims inaccurately described his exit as a termination.
CIG Motors had put out a statement saying it dismissed Jubril following an internal investigation into alleged financial misconduct. The company added that aspects of the findings has been formally referred to the Economic and Financial Crimes Commission (EFCC) for further investigation.
But Jubril denied this unequivocally insisting that he voluntarily resigned from CIG Motors on December 2, 2025, in full compliance with his contractual obligations and internal corporate procedures. He added that his resignation was formally submitted in writing, clearly acknowledged by management, and accompanied by an agreed notice period and exit timeline.
Jubril claims the reason for his resignation was informed by serious and long-standing issues within the company such as growing and unsustainable debt profile, driven by repeated borrowing without corresponding long-term financial structuring; unresolved tax and statutory obligations. Over a sustained period, he said he raised these concerns through appropriate internal channels, consistent with his responsibilities as a senior executive and his commitment to ethical business.
He categorically denied any allegations of financial impropriety or misconduct, adding that 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 circulated, and he remains fully available to cooperate should any legitimate inquiry arise.
