Chams Holdings Plc has announced the appointment of Dr. Oyenuga Olufemi as an Executive Director of the Company with effect from May 2, 2025.
Oyenuga Olufemi is a visionary technology leader with over 25 years of cross-industry expertise in driving digital transformation, operational excellence, and revenue optimization for large-scale organizations across Africa, Europe, and the Middle East. A strategic thinker and certified data scientist, he specializes in building world-class platforms, cybersecurity frameworks, and enterprise architectures that align with organizational goals while fostering innovation and cost leadership. Dr. Oyenuga is a certified expert in TOGAF, Data Science, and Advanced Management. He balances his professional rigor with a passion for community service and creative pursuits.
Dr. Oyenuga was the Divisional Head of Technology & Chief Digital Officer, Nigerian Exchange Limited (NGX), where he spearheaded digital innovation for capital market listings and trading, leveraging fintech/regtech partnerships, data monetization, and infrastructure modernization to drive revenue growth. Before joining NGX, Dr Oyenuga was the Chief Enterprise Architect at Oracle Africa where he positioned Oracle as a strategic partner for public/private enterprises, overseeing cloud architecture for Equity Bank, UBA, Standard Bank Group, and First Rand Bank. He was the Group CIO, MTN Nigeria and is the Co-Founder & Executive Partner of UK-based SEED 24HC Consult (2007) and Manresa Analytics (2014), which delivered $460M+ in Capex/Opex projects across Africa and Europe.
A proudly Nigerian company, having been in business for over 39 years, and listed on the Nigerian Stock exchange since 2008. Although Chams is well known for having championed identity management and other major initiatives in Nigeria, including BVN and INEC projects over the years, Chams Plc has migrated into delivering Fintech and other innovative digital solutions.
The Group is now very focused on delivering innovative digital services across a broad range of private sector consumer and business segments, with a particular focus on the consumer segment.
The Chams Group has four subsidiaries: ChamsSwitch, ChamsMobile, Card Centre and Chams Access, of which both the former are Fintech subsidiaries. ChamsSwitch focuses primarily on remittances, card payment processing and financial services, whilst ChamsMobile provides Mobile money accounts supported with a country-wide financial services agent infrastructure. Chams Access manages a range of equipment supply and innovative digital solutions, whilst Card Centre personalizes cards and other products, primarily for banks. We expect significant growth and value for shareholders through our subsidiaries, and particularly from our Fintech companies.
The group’s subsidiaries hold various licenses such as: Payment Solution Service Provider (PSSP), Mobile Money Operator, Switching License, Payment Terminal Service Provider (PTSP), Super-Agent License.
Chams PLC is the first home-grown company to be listed in the Guinness Book of Records for setting up the mega ChamsCity Digital Mall and also the first computer technology company listed on the Nigerian Stock Exchange under ICT.