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The Digest:

A major corporate dispute has erupted at CIG Motors Co. Ltd, following the company’s announcement that it terminated its Executive Director, Jubril Arogundade, over allegations of financial misappropriation, a claim he strongly refutes, stating he resigned weeks prior.

Key Points:
  • CIG Motors stated it terminated Arogundade after internal investigations uncovered financial and authority abuse issues.
  • The company has formally referred the matter to the Economic and Financial Crimes Commission (EFCC).
  • Arogundade insists he resigned on December 2, 2025, with his notice period ending January 2, 2026.
  • He claims the allegations are a false retaliation for his own questions about company finances.
  • CIG Motors emphasized a zero-tolerance policy for misconduct at senior levels.
  • Arogundade maintains he is ready to appear before the EFCC to prove his innocence.
  • The company asserts operational continuity is unaffected and will not comment further publicly.
The clash reveals a deeper struggle over narrative and integrity, where the true story often lies buried beneath competing claims and institutional storms.

Sources: Daily Trust