Why I resigned as CIGM boss – Arogundade breaks silence

Jubril Arogundade, former senior executive of CIG Motors, has clarified the circumstances surrounding his departure from the company.

He explained that his exit was voluntary and motivated by concerns over corporate governance, not misconduct.

Recall that Arogundade resigned from his position on December 2, 2025, citing persistent issues with internal controls, financial management, and regulatory compliance.

“I resigned from my position at CIG Motors after careful reflection and in line with due process,” he said.

“It is therefore deeply concerning that my voluntary exit has been publicly mischaracterized. My decision was guided by principle and professional responsibility.”

He explained that over a sustained period, he had raised concerns internally about corporate governance gaps, growing debt, and unresolved regulatory obligations but did not see meaningful corrective action.

“As a Nigerian professional, I take governance, compliance, and institutional responsibility very seriously,” Arogundade said.

“When internal efforts to address these matters did not yield results, I chose to resign rather than compromise on standards that I believe are fundamental to sustainable business.”

Addressing reports linking him to financial impropriety, Arogundade said, “I have nothing to hide and welcome any lawful, independent, and objective review of my conduct during my tenure. Contrary to public insinuations, no regulatory or law enforcement agency has contacted me regarding these claims, and I remain fully available to cooperate should any legitimate inquiry arise.”

Why I resigned as CIGM boss – Arogundade breaks silence