Moove Gifts Drivers Billions In Shock Exit

Moove Gifts Drivers Billions In Shock Exit



Moove is exiting the Nigerian market after six years of operations, transferring full ownership of eligible vehicles valued at approximately ₦35 billion to its customers at no extra cost.


Key Details of the Exit


• Effective Date: The vehicle ownership transfer took effect on October 1, 2026, with the company formally announcing the wind-down in October 2026.


• Impacted Drivers: Over 9,000 customers across its drive-to-own and rental programs will gain outright ownership of their cars without making any further installment payments.



• Employee Bonus: All Nigerian staff members of Moove will also receive a free car as part of the exit package.


• Context: The departure follows closely behind the exit of ride-hailing giant Uber (a key partner and investor) from Nigeria, which heavily impacted the operational and financial model for local drivers.





• Initiative: Moove termed the vehicle giveaway its “Thank You Nigeria” initiative to honor the drivers, employees, and communities that supported its growth from a Lagos start-up into an international mobility brand.
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