Lagos-founded global mobility company Moove has announced the end of its operations in Nigeria after six years, transferring ownership of eligible vehicles worth approximately ₦35 billion to existing customers at no additional cost.
The company made the disclosure on Thursday, October 8, 2026, in a statement announcing its “Thank You Nigeria” initiative.
Under the arrangement, customers currently operating eligible vehicles through Moove’s Drive-to-Own and rental products will take full ownership of the cars, with no further payments required to Moove for the vehicles themselves from October 1, 2026.
Moove will also give every member of its Nigerian staff a free car as a sign of appreciation.
“As Moove concludes its Nigerian operations, eligible vehicles with an estimated total value of approximately ₦35 billion will pass into full ownership of the customers who currently operate them, with no payment to Moove required for the vehicles themselves from 1st October 2026. Moove will also reward all staff members with a Free Car as a sign of appreciation,” the company said.
The exit comes barely a month after ride-hailing giant Uber, a key investor and the principal platform supporting Moove’s Nigerian model, shut down its operations in the country.
Co-founder, Co-CEO and Advisory Board Chairman of Moove, Ladi Delano, linked the decision directly to Uber’s departure. “Unfortunately, Uber’s departure materially changed the operating environment in Nigeria. We assessed the alternatives and the economics of continuing, and concluded that we could not sustain our Nigerian operating model. That was our decision, and we take responsibility for it,” he said.
Delano described the moment as emotional for the company, which began with just 76 vehicles in Lagos in 2020. Founded by Delano and Jide Odunsi, Moove was created to help mobility entrepreneurs who struggled to access conventional vehicle financing. Its Nigerian model combined rentals with a pathway to ownership and later became the foundation for the company’s international expansion.
According to the firm, more than 9,000 customers have used its Drive-to-Own and rental products in Nigeria. Vehicles financed through the platform helped those customers generate approximately ₦57 billion in revenue.
“Those numbers matter because they represent people earning, supporting their families and building their own futures,” Delano said. He added that the company wants the vehicles to continue supporting livelihoods long after its Nigerian operations end.
Customers who qualify must still settle any outstanding remittances accrued before October 1, 2026, and complete the ownership-transfer process. Moove said it would work directly with affected customers and employees to finalise the handovers.
Despite leaving Nigeria, Moove will continue its global operations. The company now manages about 42,000 vehicles across 29 cities worldwide.
The dual exits of Uber and Moove mark a significant shift in Nigeria’s ride-hailing and vehicle-financing landscape, leaving many drivers to navigate the market with alternative platforms while gaining outright ownership of the cars they previously operated under Moove’s financing scheme.
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