Moove Concludes Nigerian Operations, Transfers N35bn Vehicles

Moove, the global mobility company founded in Lagos, is concluding its operations in Nigeria after six years, transferring vehicles valued at approximately N35bn to eligible customers. This transfer, effective from October 1, 2026, allows drivers currently operating eligible vehicles through Moove’s drive-to-own and rental products to gain full ownership without further payments.

The announcement was made as part of Moove's “Thank You Nigeria” initiative, aimed at recognizing the support from customers, employees, partners, and communities. Additionally, all Nigerian staff members will receive a free car as part of the exit arrangements.

Founded in 2020 by Ladi Delano and Jide Odunsi, Moove initially started with 76 vehicles and has since enabled over 9,000 customers to generate approximately N57bn in revenue through its services. Delano described the exit as emotional, emphasizing Nigeria's significance in Moove's growth and international expansion.