Friday, 21 July 2017

Chams Plc Strategises to Improve Return on Investment to Shareholders

Cham Plc, Nigeria’s leading identity management and Identity transaction systems provider has put in place strategies to enable it deliver huge returns on investment to it sh
Cham Plc, Nigeria’s leading identity management and Identity transaction systems provider has put in place strategies to enable it deliver huge returns on investment to it shareholders.
Chairman board of Directors of the company, Very Rev. Ayo Richards who revealed this at the 33rd Annual General Meeting of the Company in Lagos noted that Chams as a technology based organization was concentrating more on innovative products and services that will surpass the expectations of customers.
He said the company is collaborating with world class organizations to deliver products that will bring speed, convenience and security to transactions across a broad spectrum of the economy.
According to Richards, even though the Company recorded a loss after tax of N1.9 billion in 2016, this loss was heavily impacted by the huge impairment charges of N2 billion made on some of the company’s investments as directed by the International Financial Reporting Standards, IFRS on investment.
“These were investments made in our subsidiaries to position our group for a seamless execution of the concession on the National Identity Card Project which regrettably, became subject of mediation and arbitration.
“On the part of the board and Management, the impairment was a bold step in cleaning the company’s books of all overhang of the
unfortunate development in the National Identity Card Project on our performance”, Richards said.
For many companies operating in Nigeria, 2016 was particularly challenging full of many global and local macro- economic headwinds.
Most businesses and sectors of the Nigeria economy witnessed her worst economic performance in over 20 years recording four consecutive quarters of negative GDP growth rate and thereby sliding into recession. Inflation rose to a double digit of 18.45 per cent as at December 2016, foreign exchange liquidity challenge was heightened resulting into an exchange rate crisis in the country. Monetary Policy Rate, MPR was increased to 14 per cent to attract foreign portfolio investors to the country which further increased the cost of borrowing in the economy to rate in excess of 25 per cent.
Amidst the economic challenges Chams Managing Director, Femi Williams said the company was able to initiate and close major projects with its clients, adding that the company remains on the cutting edge of delivering innovative solutions and technologies to their clients.
Williams said Chams was particularly visible in the agriculture space in the course of the year under review.
“Chams was engaged by the Central Bank of Nigeria, CBN, Bank of Agriculture(BOA) to deploy Bank Verification Number, BVN, enrolment machines nationwide under the federal government Anchor Borrowers project. All farmers both rural and urban that will benefit from the program are expected to be identified through their BVNs.
“In view of our successful projects with the states and schools, we were also approached by the management of Afe Babalola, Ado Ekiti to develop the school’s management portal as well as the production of Smart ID cards.  We developed a biometric device aimed at resolving the identity management issues of the institution particularly at it relates to attendance, head count among others”, he said.
The company also partnered Anambra state through IGR Hub development project.
The purpose of the project was to improve on the internally generated revenue of the state and to promote probity, transparency and accountability in government.
DAILY ASSET gathered that  Chams through the membership solution product offering assisted the Chartered Institute of Personnel Management of
Nigeria (CIPMN) with the development of a membership portal containing
several modules covering registration of members, payment of professional dues. The company also partnered Institute of Chartered Accountants of Nigeria(ICAN), British Council, Joint Admissions and Matriculation Board, (JAMB) and SASCON during the year.
The managing director said to move back into profitability, the company will be involved in playing key and visible role in certain sectors that have ample opportunities and the key economic thrust of current administration.
He said Chams would continue to reinvent productivity and business processes by ensuring the development of cost and time saving technologies. “We will continue to improve on our existing array of technologies and solutions aimed at helping our client achieve increasingly complex and challenging outcomes more quickly than ever.
“We are deploying more of our solutions in the agriculture space, financial industry with focus on small and micro- finance sectors.
These efforts in the small and micro finance sectors are geared towards improving the level of financial inclusion in Nigeria”, Williams said.
According to him his management recognizes the power of building an intelligent and well diversified team to drive business outcomes and success, “this is why we strive to make our workplace the greatest place to work where everyone can contribute their quota towards achieving organizational goals and objectives,” he noted.
The managing director said he was convinced of a superior performance in 2017 even as the economy rebounds out of recession before the end of the year.
Shareholders of the company were also optimistic of the future of the company and expressed their confidence in the management whom they eulogized for safely stirring the ship of the company out of   turbulence.
The shareholders also supported the appointment of Pastor Ituah Ighodalo and Wim Tapij Gielen as non- executive directors and Mrs Mayowa Olaniyan and Mrs Funke Alomooluwa as executive directors. These  appointments, the shareholders said would strengthen the market position of the company locally and internationally.
Chams Plc established over 30 years ago, has evolved from computer and hardware maintenance to the provision of enterprise technology solutions in identity management and identity transaction systems for the public and private sectors.
The company is the first home-grown company to be listed in the Guinness Book of Records for setting up the mega ChamsCity Digital Mall. It is also the first computer technology company listed on the Nigerian Stock Exchange.
Chams Plc specialties  span Identity Management, Biometric Solution Platforms; Business Process Outsourcing Services; Electronic and Card Payment Systems; Mobile Payments; ATMsales, deployment and support; POS deployment and support.


With the focus on improving its operations and service to humanity with good returns to stakeholders, the leader in identity solutions provider and management in Nigeria has added four persons to its Board of Directors. This will strengthen Chams PLC’s global objective and expand its ability to take innovation to scale and increase our impact around the world.”

The personalities are:
Pastor Ituah Ighodalo – Non-Executive Director (Picture)
Pastor Ituah Ighodalo is a Pastor, an Accountant, a Thinker, a Social Reformer and a Writer. He obtained a B.Sc combined honours degree in Economics and Accounting in 1982 from the University of Hull, England, qualified as a Chartered Accountant in July 1986 and attended a Business Management Course at the Harvard Business School, Boston in 2011.
Pastor Ituah is a Fellow of the Institute of Chartered Accountants of Nigeria, a fellow of the Chartered Institute of Taxation Nigeria, member of the Nigerian Institute of Management, member American Society of Industrial Security and member, American Institute of Management.
He sits on the board of several corporate, charitable organizations and NGOS as Chairman and Director, they include, FAMAD Nig. Plc., FINATRUST MFB, The Clinix Diagnostic Center, NSIA Insurance, Standard Bearers School, the Courage Education Foundation, Edensfield Health Initiative, ELPIS Mental Health Initiative, Heritage Homes, and others. He is the Publisher/Editor-in-Chief of the TIMELESS Media Group, Chairman Trinity Media and Films, Celebr8 Music Festival and producer Courage Center TV series. He has written and published several articles, papers and books.
Pastor Ituah has sat on various government panels’ (State and Federal), and has been an adviser/consultant to government at different levels. He is on the Council of the Nigerian British Chamber of Commerce and the Nigeria Employers Consultative Association. He is the Pastor-in-Charge, Trinity House.
Mr. Wim Tappij Gielen – Non-Executive Director (Picture)
Wim started his career in developing of card related solutions for the banking, retail and health care industry in 1969 and with the growth of the card industry, ID related projects became a key element of his day to day business. He is one of the pioneers in the card industry in the Netherland.
Joining DeLarue in 1981, he later became MD with the responsibilities of managing their card production facilities in The Netherlands and Germany, the personalisation bureaus in The Netherlands and Belgium and the development of security features for the ID division.  With the expertise in various national ID projects, he contributed to many of the global Government ID projects DeLaRue was involved in.
Wim later joined Datacard in 1989 as Regional Vice President Europe Middle-East, India and Africa. In addition to this, he also led the development of secure ID and Passport personalisation solutions.
Under his leadership, Datacard has established a major position in secure ID and Passport solutions. In 2005 he became the Senior Vice President Global Sales and service, and in 2009 he took on the Global responsibility for Government Business Development as Senior Vice President, a position he held until his retirement from Entrust Datacard in 2015.
Currently, Wim acts as an independent consultant and board member of international organisations in the secure ID industry.
Mrs. Funke Alomooluwa – Executive Director (Picture)
Prior to her appointment, Funke AlomoOluwa is the current Managing Director of ChamsAccess Limited, a subsidiary of Chams PLC.
A seasoned business executive spanning over 19 years in both the Financial and ICT sectors, with a proven track record of successfully guiding major expansion efforts, turnarounds, strategic partnerships and transactions at both public and private Sectors.
Funke was the Deputy Project Manager and Chief Installation Officer of the bank verification number (BVN) project initiated by the Central Bank of Nigeria (CBN) and the Banker’s Committee to implement the customer identification and verification project of banks in Nigeria- the largest KYC project in Africa. Her change implementation strategies have helped ChamsAccess and the Group towards market leadership and growth.  An alumnus of IESE Business School, Barcelona Spain and Lagos Business School Executive MBA programme. A fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Funke holds a degree in Computer Science and Economics (combined honors) from the Obafemi Awolowo University, Ile-Ife. She is a member of the Nigeria Computer Society (NCS), member of the Institute of Directors (IOD) and an associate member of Women in Business (WIMBIZ).
Mrs. Mayowa Olaniyan – Executive Director (Picture)
Mayowa Olaniyan is an astute business executive with strong managerial skills. Until her appointment, Mayowa holds the office of the Chief Strategist and Financial Officer for the Chams Group. A resilient administrator with extensive hands-on experience in business development and management, business leadership having to work with the Board of directors, regulatory authorities and other key stakeholders to ensure achievement of company objectives.
Over the years, she has established record of successes by significantly growing business value and maximizing profits through internal control and efficiency. Mayowa led the implementation of one of Chams PLC’s most successful public private partnership project, deriving costs optimization for the partnering state government and in turn achieving increased earnings for the company.
A chartered accountant of repute, a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and Association of Chartered Certified Accountants (ACCA), global body for professional Accountants. She holds an MBA from Edinburgh Business School, UK, and a post graduate degree from Oxford Brooks University, UK.  She is an alumni of the prestigious NANYANG Technology University, Singapore and Pan Atlantic University (Lagos Business School).
Mayowa Olaniyan serves on the board of several organizations within the Chams group and other organizations.

Friday, 26 May 2017


Recently, delegates from the Nigerian Society of Engineers (NSE) paid Chams PLC a courtesy visit. While the delegates were received by Mrs. Olatope Ayinde, Product Manager Membership.

Major point of discourse was on how the Chams Membership Solutions can better serve the association, making it achieve its objectives while engaging its members in a more seamless way.

Chams Membership Solutions offers unique member engagement portal and solutions for various associations with its use range of features.
To read more click here

Thursday, 18 May 2017


The new Managing Director of Credit Registry - the foremost credit bureau in Nigeria recently paid a courtesy visit to Chams PLC head Office in Victoria Island, Lagos where she was received by the Group Managing Director of Chams PLC, Mr. Femi Williams.

During the meeting, the GMD of Chams welcomed Mrs Glenda to Chams PLC and also congratulated her on the occassion of her appointment as the MD of Credit Registry. On the occasion, views were also exchanged about the business relationship between Chams PLC and Credit Registry with deliberations on how to grow the business and offer better service that satisfies the customers need.


Here is announcing the signed partnership between Chams and CAPDAN – (Computer and Allied Product Dealers Association of Nigeria), which is the umbrella body of shop owners and operators at the very popular Computer Village, Otigba Market, Ikeja.
This partnership is to deliver the following
  1. A unified identity system with an Identification card and Number for all businesses in the Market.
  2. An identity verification platform for verifying 3rd partied-dealers who sell off-used devices to businesses in Otigba market.
 The implication of this is that anyone or business who want to sell used devices to any business or retailer in Computer village, will be verified on the ConfirmMe platform at the point of consummating such deals. With this, the identities of the transacting parties will be verified and linked to the product sold in-case of the claim of theft or related claims by supposed owners of the items.
This is a major stride in our bid to bring identity management to bear on our everyday living and dealings

Friday, 27 January 2017


Are you a sales person?
Do you have what it takes to negotiate and close deals?
Are you prolific, highly driven and result-oriented, looking for a fulfilling career in a top notch identity management solutions provider?

Chams Plc, a leading identity management solutions provider in Nigeria is looking for Solution Manager for Lagos and Western Region respectively.

See details below:
Chams Plc
    Job Title:
Solution Manager
Reports to:
Chief Innovation Officer
Deputy Manager

Job Summary
¨       Revenue Generation
¨       Marketing and Sales
¨       Solution/Business Development
¨       Product Management
¨       Client Relationship Management
Competencies (Knowledge, skills and abilities)
¨       Impeccable written and presentation skill
¨       Up-to-date and Analytical Knowledge IT solution industry
¨       Influencing and negotiation skills
¨       Commercial nous – Commercially Minded  ability to translate performance to tangible outcome
¨       Team playing
¨       Creativity and expression
¨       Public Sector Marketing an added advantage
Customer Service Management
·      Create and maintain relationships with existing clients through written and verbal conversations.
·      Communicate the core values of Chams Plc in relationships with clients.
·      Translate consumer request into profitability.
·      Monitor and control all customer interfaces.
·      Exhibit Zero tolerance level for complaints.
People/Team Management
·      Share knowledge freely with team members..
·      Provide adequate platform for accountability within team.
·      A good first degree in any business related field or the social sciences
·      Minimum of 5 years post-graduate experience in a similar or related function
·      Must be a master at team playing. Ability to work with teams of people within and outside the organization, across all departments and with external customer
·      Passion for innovation and new ways of doing things



Wednesday, 25 January 2017


Are you up to the task ready to take on the post of a risk management and assurance executive?
Are you prolific, highly driven and result-oriented, looking for a fulfilling career in a top notch identity management solutions provider?

Chams Plc, a leading identity management solutions provider in Nigeria is recruiting.

See details below:

Chams Plc

Job Title:
Reports to:
Group Head,  Internal Audit and Risk Management

Job Summary
¨       Establish an integrated risk management framework
¨       Identify and assess the risks affecting the business
¨       Conduct gap analysis, evaluation and test of controls in departments
¨       Risk assessment of SBU based on their processes
¨       Risk assessment of Subsidiaries based on business strategy
¨       Monitor and evaluate the organization’s success in managing its risk
¨       Assessment of project risks and controls
¨       Assists in developing risk management policy
¨       Identify avenues to mitigate risk and improve business performance
¨       Ensure Company’s compliance with ISO 9001:2008 QMS
¨       Commence Certification process for ISO/IEC 27001:2005 and PCIDSS
¨       Ensure compliance with necessary security requirements
¨       Any other duties assigned
Competencies (Knowledge, skills and abilities)
¨       Should have clear understanding of all the departments in the organisation and how they inter-relate
¨       Extremely Detail Oriented
¨       Accountability, Accuracy & Integrity.
¨       Intermediate knowledge of relevant legislation, policies and procedures
¨       High attention to details
¨       Analytical and problem solving skills
¨       Strong numeracy skills
¨       Team player
¨       Relationship management
¨       Excellent communication and reporting skills
¨       Time management skills
¨       Intermediate knowledge of Microsoft suite

Personal Attributes
  • Ability to maintain strict confidentiality in performing the duties of the Risk Management and Assurance
  • Honesty and demonstrate sound work ethics
  • Proactive and Highly professional in conduct
¨       First degree in Computer Science/Social Science/Information Systems
¨       Intuitive reasoning capability
¨       Minimum of two year post-graduate experience in a similar or related function
¨       Passion for innovation and new ways of doing things
¨       A good sense of humor and fun-loving.