Williams Fatayo has officially stepped down as the Chief Executive Officer of truQ, a Nigerian logistics technology startup, following a leadership dispute within the company.
Sources close to the situation revealed that Fatayo’s resignation was prompted by internal disagreements over strategic direction and governance within truQ’s executive team. While the exact details of the leadership rift remain undisclosed, it is understood that tensions had been brewing for several months, ultimately leading to his departure.
Fatayo, who co-founded truQ, played a pivotal role in steering the startup’s growth from its early stages into one of Nigeria’s promising mobility logistics platforms. Under his leadership, truQ secured significant investor backing and expanded its service footprint across key Nigerian cities, offering on-demand vehicle logistics solutions.
Confirming his exit, Fatayo noted in a brief statement that he remains proud of what the team has achieved and looks forward to contributing to the tech ecosystem in new ways. He thanked the board, investors, partners, and truQ employees for their support over the years.
Meanwhile, truQ is expected to announce an interim leadership arrangement in the coming days, with efforts already underway to stabilize operations and maintain investor confidence.
Industry analysts say the incident underscores ongoing challenges faced by startups in emerging markets, especially around leadership alignment and governance practices as they scale operations.
truQ has yet to release an official corporate statement on the CEO transition at the time of filing this report.