The departure of Williams Fatayo, co-founder and former CEO of African logistics company truQ, has become one of the most discussed topics in the continent's tech sector. His announcement of resignation divides public opinion and raises questions about the company's future.
Reasons for Williams Fatayo's Resignation
In his reflections on Medium, Fatayo outlines his five-year journey with the company, starting from its founding with Foluso Ojo and Isaac Chikutuku in 2020. He highlights the transformation of truQ from a third-party logistics platform to a super app addressing challenges in the logistics sector. However, he also mentions a conflict with Ojo related to business management, which ultimately led to his decision to step down to prevent further disruptions.
truQ's Response to the Situation
In their official statement, truQ challenged the accuracy of Fatayo's post, indicating significant inaccuracies present in it. The company revealed that leadership changes began in February 2025, well before Fatayo’s July announcement, and emphasized the measures taken to improve internal controls and governance. However, the specific reasons for the conflicts remain unclear.
The Future of truQ Under Foluso Ojo
Despite the recent turmoil, truQ and new CEO Foluso Ojo are moving forward with optimism. Ojo stated that the company is focused on expanding its support for small-scale transporters and plans to introduce new products and partnerships that provide financial access and operational support. She emphasized that truQ’s mission is to transform logistics in Africa, equipping transporters with the necessary tools for success.
The resignation of Williams Fatayo from truQ highlights internal conflicts within the company and raises critical questions about transparency and governance. Nonetheless, truQ’s leadership, led by Foluso Ojo, has expressed its intention to continue ambitious plans to modernize the logistics infrastructure across the African continent.
