Chams Holding Company Plc has appointed Segun Oloketuyi as Chairman of its Board of Directors, effective 9 July 2026. The appointment installs one of Nigeria's most experienced bankers at the head of a diversified technology group at a moment of generational change in its leadership.
Oloketuyi is a veteran of the country's financial services sector. He rose through a career that began in professional practice to become Chief Executive Officer of Wema Bank, one of Nigeria's oldest lenders, and he currently chairs Greenwich Merchant Bank and Japaul Gold and Ventures Plc. That breadth of boardroom experience, spanning commercial banking, merchant banking and listed industrial companies, gives him a wide vantage point on corporate governance. He is not a newcomer to Chams, having served on its board as a Non-Executive Director before his elevation to the chairmanship, which gives him grounding in the group's operations and strategy.
His appointment follows the retirement of Sir Demola Aladekomo, the company's founder, who steps down after four decades associated with the business. Aladekomo built Chams from a single technology venture into a diversified group, serving as Group Managing Director for some thirty years before moving to the board, where he provided strategic direction for a further decade, including a spell as Chairman. His departure is framed as a planned and orderly succession rather than an abrupt exit, closing a defining chapter in the company's history.
Chams Holding is listed on the Nigerian Exchange and operates across identity management, payment infrastructure, card manufacturing, pension remittance services and digital innovation. Those businesses sit at the intersection of finance and technology, which makes Oloketuyi's banking pedigree a notable fit for the chairmanship as the group looks to deepen its role in Nigeria's digital economy.
The company recently reported growth in revenue and declared a dividend, and the leadership transition arrives as the group seeks to build on that momentum. Oloketuyi's remit as a non-executive chairman will centre on governance, board oversight and strategic guidance rather than day to day management, and his financial sector network is expected to strengthen the group's standing with investors and institutional partners.
For a company whose infrastructure underpins parts of Nigeria's identity and payments ecosystem, the choice of a chairman with deep banking credentials signals an intent to align its governance with the demands of a maturing digital finance market. The handover from a founder who shaped the business over forty years to an external chairman drawn from banking marks a deliberate step toward institutionalising the group's leadership for its next phase.
