Wahala dey happen for CIG Motors as dem fire dem Executive Director, Jubril Arogundade, well well!

Dem decision no come easy, but na internal investigation show say him get hand for financial mismanagement and abuse of authority. Na so dem gree say, ‘Baba, your time don pass!’

For statement wey CIG Motors drop, dem talk say after dem suspend am, dem carry out thorough review wey open eye to things wey no align with their governance and ethical standards. Omo! E be like say this matter no fit stay for house, dem don refer am to Economic and Financial Crimes Commission (EFCC) wey go take over investigation.

CIG Motors don also make am clear say dem no go dey talk for outside again since matter don enter authority hand. E clear say dem dey serious with this matter, and dem no wan make this one affect their business operations. Na here we go see if dem fit manage am well!

We fit remember say this kind action dey common recently for Naija corporate world. Plenty companies don dey take strong steps against their senior executives, once dem notice say things dey go wrong. Analysts dey yan say dis kind move dey put pressure on boards to tighten up on oversight and accountability.

As for Jubril, na him go talk say he no sack himself, but say he resign since December 2, 2025. He dey fit talk say this reports no correct, maintaining say he just dey protect him name. He go come out prove say everything wey CIG Motors talk no correct!

But make we no forget say CIG Motors na big player for this Naija auto industry. Dem don dey do plenty work since their plant start for Lagos, and na so dem talk say dem go continue operate without wahala even after this drama.

Omo! The drama no end for here, as everybody dey watch and dey expect wetin go transpire next. We go keep our ear to the ground and update una as the gist dey drop. This one na classic corporate wahala! Stay tuned!