Former Wema Bank CEO Oloketuyi appointed Chairman of Chams Holding as Founder retires
Chams Holding Company Plc has appointed former Wema Bank CEO Mr.
Chams Holding Company Plc has appointed former Wema Bank CEO Mr. Segun Oloketuyi as Chairman of its Board of Directors following the retirement of the company’s founder, Sir Demola Aladekomo, after four decades of leadership.
The appointment was disclosed in a notice to the Nigerian Exchange Limited (NGX) and the investing public, jointly signed by Company Secretary, Oluwaseun Osuji, and Group Managing Director/Chief Executive Officer, Mayowa Olaniyan.
According to the company, the appointment was approved by the Board in line with its corporate governance framework and applicable regulatory requirements.
The company said Oloketuyi’s appointment will take effect from July 9, 2026.
Oloketuyi succeeds Sir Demola Aladekomo, whose 40-year leadership journey at Chams came to an end following his retirement.
The Board expressed appreciation to the outgoing chairman for his contributions to the growth and transformation of the company, describing his tenure as one marked by visionary leadership and dedicated service.
Aladekomo founded Chams and served as Group Managing Director for 30 years before transitioning to the Board, where he provided strategic direction for another decade, including serving as Chairman.
One of the company’s most notable achievements under Aladekomo’s leadership was its role in the implementation of Nigeria’s Bank Verification Number (BVN) system, which has become a critical component of the country’s banking infrastructure and financial inclusion framework.
Prior to his appointment, Oloketuyi served as a Non-Executive Director on the Board of Chams Holding, where he contributed to the company’s governance and strategic direction.
His career also includes a stint as Managing Director of Bond Bank Limited and an early professional background in auditing with Deloitte & Touche.
Oloketuyi is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of the Institute of Directors.
He previously served as Chairman of Great Nigeria Insurance Plc and currently chairs Japaul Gold and Ventures Plc and Greenwich Merchant Bank.
The leadership transition comes less than a year after Chams strengthened its capital base through a private placement.
The company said the additional capital would support investments in digital infrastructure, identity verification technologies, and expansion initiatives across its subsidiaries as it pursues its next phase of growth under new board leadership.
