Nigeria, Jan. 5 -- Jubril Arogundade, former Executive Director of CIG Motors, has responded to the company's announcement of his termination.

The company announced in a statement posted on its Instagram page on Saturday, which was obtained by PREMIUM TIMES.

Afrobeats star David "Davido" Adeleke was the ambassador for the automobile company. He signed the partnership deal in July 2024, and around that time, Mr Arogundade became a household name.

The automobile firm stated that Mr Arogundade's termination was linked to "financial misappropriation and abuse of authority."

It added that the matter had been referred to the EFCC for further investigation.

According to the company, the decision followed a period of suspension and a compreh...