truQ Co-Founder Williams Fatayo Exits CEO Role Amidst Internal Conflict
Williams Fatayo, the co-founder and Chief Executive Officer of the Nigerian logistics startup truQ, has officially stepped down from his leadership position after a five-year tenure. Fatayo announced his resignation in a Medium post published on Saturday, July 12, 2025, although records on his LinkedIn profile suggest the transition occurred months earlier in February 2025. This development marks a significant leadership change for the tech company, which has been a notable player in Africa’s logistics space since its inception.
A Journey of Strategic Pivots and Founder Disagreements
Founded in 2020 by Fatayo, Folusho Ojo, and Isaac Chikutukutu, truQ set out to automate short-haul logistics. The startup initially launched with a business-to-consumer (B2C) model but later made a strategic pivot to focus on the business-to-business (B2B) market. This shift proved highly effective, as reports indicate that B2B services now account for a commanding 90% of the company’s trips and 65% of its total revenue. The company successfully raised capital from prominent investors, including Google for Startups, Techstars, and Ajim Capital, in addition to securing various grants. However, Fatayo’s departure is reportedly linked to a significant conflict with co-founder and Chief Operating Officer, Folusho Ojo. In a now-edited version of his announcement, Fatayo had pointed to performance lapses by Ojo as the primary source of the internal friction.
The departure of a founding CEO under circumstances of internal conflict presents a critical moment for any growing company. While truQ has built a strong B2B foundation and gained the confidence of notable investors, the focus now shifts to how the remaining leadership will navigate this transition. The company’s ability to maintain its growth trajectory and operational stability will be closely watched within the African tech ecosystem.
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