LAGOS, NIGERIA – CIG Motors Co. Ltd, the authorized distributor of GAC Motor in Nigeria, has officially terminated the employment of Mr. Jubril Arogundadefollowing a high-stakes internal governance investigation.
EFCC Probe Triggered
The decision follows a period of suspension during which the company’s management conducted a structured review of executive responsibilities and financial conduct. In a major development, CIG Motors confirmed that the findings of this investigation have been formally handed over to the Economic and Financial Crimes Commission (EFCC)for further action.
The decision follows a period of suspension during which the company’s management conducted a structured review of executive responsibilities and financial conduct. In a major development, CIG Motors confirmed that the findings of this investigation have been formally handed over to the Economic and Financial Crimes Commission (EFCC)for further action.
“CIG Motors is cooperating fully with the relevant authorities, and all necessary documentation has been submitted through the appropriate legal and regulatory channels,” stated Ifeanyi Abraham, the PR Director of CIG Motors, on Monday, January 5, 2026.
Commitment to Integrity
The company emphasized that the termination was necessary to uphold its core principles of accountability and transparency. While the specific details of the allegations were not made public, the referral to the EFCC suggests significant financial or administrative irregularities were identified during the internal audit.
The company emphasized that the termination was necessary to uphold its core principles of accountability and transparency. While the specific details of the allegations were not made public, the referral to the EFCC suggests significant financial or administrative irregularities were identified during the internal audit.
Business Continuity and New Year Blitz
Despite the executive shake-up, CIG Motors assured stakeholders and customers that operations remain unaffected. Building on the success of its 2025 “Ember Sales” campaign, the company is set to launch the “New Year Price Takeover”—a nationwide commercial initiative designed to slash vehicle prices and expand its footprint in the Nigerian automotive market.
Despite the executive shake-up, CIG Motors assured stakeholders and customers that operations remain unaffected. Building on the success of its 2025 “Ember Sales” campaign, the company is set to launch the “New Year Price Takeover”—a nationwide commercial initiative designed to slash vehicle prices and expand its footprint in the Nigerian automotive market.
CIG Motors reiterated its long-term investment in Nigeria, promising that governance standards will remain strictly observed to maintain institutional integrity and customer confidence.