Former Wema Bank CEO Oloketuyi named Chams Holding Chairman as founder retires
By Aboki Forex —
Chams Holding Company Plc has appointed former Wema Bank CEO Segun Oloketuyi as Chairman of its Board of Directors. He takes over from Sir Demola Aladekomo, the company's founder, who has retired after 40 years of leadership.
The appointment was disclosed in a notice to the Nigerian Exchange Limited and the investing public. It was signed by Company Secretary Oluwaseun Osuji and Group Managing Director Mayowa Olaniyan.
According to the company, the Board approved the appointment in line with its corporate governance framework and regulatory requirements. Oloketuyi's role takes effect from July 9, 2026.
The Board thanked Aladekomo for his contributions, describing his tenure as marked by visionary leadership and dedicated service. Aladekomo founded Chams and served as Group Managing Director for 30 years before moving to the Board as Chairman for another decade.
Under his leadership, Chams grew from a single technology business into a diversified group. Its interests now cover identity management, payment infrastructure, card manufacturing, pension remittance services, and digital innovation. Subsidiaries include ChamsAccess, CardCentre Nigeria Limited, ChamsSwitch, and ChamsMobile.
One of the company's biggest achievements under Aladekomo was its role in implementing Nigeria's Bank Verification Number system, which has become a critical part of the financial sector.