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Reading: CLG Fires CEO Zion Adeoye For Theft, And Misappropriation Of Funds
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The Bulrushes > Business > CLG Fires CEO Zion Adeoye For Theft, And Misappropriation Of Funds
Business

CLG Fires CEO Zion Adeoye For Theft, And Misappropriation Of Funds

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Published: February 5, 2026
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SACKED: Zion Adeoye has been terminated as CLG Chief Executive Officer (Image: CLG)
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Johannesburg – CLG has sacked its CEO, Zion Adeoye, for serious misconduct that included extortion, theft, and misappropriation of funds.

Announcing the move on Thursday, 5 February 2026, CLG said after a “thorough internal and external investigation”, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com), it has terminated Adeoye “due to serious personal and professional conduct violations”.

A statement, distributed by the APO Group, CLG said: “This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law”.

Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

“His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club,” the statement said.

“CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

“We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace.”

CLG said misconduct of any kind was unacceptable and would be addressed decisively.

“We recognise the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa,” CLG stated.

“We kindly ask that the privacy of the third party involved be respected.”

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