Negotiations with the tactician broke down Thursday evening as both parties couldn't reach an agreement over a contract renewal.
Ugbade joined the Sky Blue Stars at the start of the 2015/16 Nigeria National League Season and achieved a landmark in the club's history as he tutored the side to attaining promotion to the Nigeria Professional Football League for the first time.
Head Coach of Remo Stars, Daniel Ogunmodede has said the club will greatly miss the man that achieved great landmark in the club's history.
Speaking with RSFC Media, Ogunmodede says "It's a big blow that the club has parted ways with someone like Nduka Ugbade."
"He is a man with big charisma and it's painful losing someone like him."
"The Technical Adviser Nduka Ugbade will be greatly missed by the management and players of the club."
Remo Stars will be away to Akwa United on Sunday at the Godswill Akpabio Stadium, Uyo.
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