Jubril Arogundade: “I Resigned, I Was Not Terminated” — Former CIG Motors Executive Clarifies Exit
Jubril Arogundade: “I Resigned, I Was Not Terminated” — Former CIG Motors Executive Clarifies Exit
Jubril Arogundade, a former senior executive of CIG Motors, has issued a formal clarification regarding the circumstances surrounding his departure from the company, following recent public statements and media reports that inaccurately portrayed 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 established internal procedures. According to him, his resignation was formally submitted in writing, duly acknowledged by the company’s management, and accompanied by an agreed notice period and exit timeline.
He emphasised that any public representation of his departure as a termination is factually 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,” Arogundade said. “It is therefore deeply concerning that my voluntary exit has been publicly mischaracterised. I believe strongly in transparency and professionalism, and I am compelled to correct the record.”
Reasons for Resignation
Arogundade explained that his decision to resign was informed by serious and long-standing internal concerns relating to corporate governance, financial discipline and regulatory compliance within the organisation. He noted that over an extended period, he raised these concerns through appropriate internal channels, consistent with his responsibilities as a senior executive and his commitment to ethical business practices.
Among the key issues he cited were persistent corporate governance gaps, including the absence of adequate internal controls and oversight mechanisms; a growing and unsustainable debt profile driven by repeated borrowing without corresponding long-term financial structuring; and ongoing regulatory and compliance challenges, including unresolved tax and statutory obligations.
He maintained that his decision to step away was guided by principle and professional responsibility, particularly in circumstances 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 allegations circulating in the public space, Arogundade categorically denied any claims of financial impropriety or misconduct. He stated that he has nothing to hide and welcomes any lawful, independent and objective review of his conduct during his tenure at the company.
He further clarified that, contrary to public insinuations, he has not been contacted by any law enforcement or regulatory agency in relation to the allegations, adding that 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 affirm this.”
Professional Record and Achievements
During his tenure at CIG Motors, Arogundade played a key role in advancing the company’s Nigerian operations, particularly in areas of local capacity development, employment of Nigerian professionals, operational expansion and brand visibility within the automotive sector.
Under his leadership and strategic involvement, the company recorded several notable 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)
Fastest Growing Automobile Company of the Year (Brandcom Awards 2022)
He also supported initiatives aligned with Nigeria’s industrial growth objectives, strengthening local partnerships and contributing to the company’s recognition both nationally and internationally.
According to him, 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 disclosed that he has taken appropriate steps through legal and professional channels to protect his reputation and address the spread of false or misleading information. He also urged media organisations and commentators to uphold 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.”
