Chams Holding Company Plc has announced the appointment of Michael Uwakwe as a Non-Executive Director, effective April 1, 2026.
The company disclosed this in a filing to the Nigerian Exchange Limited (NGX) and the investing public on Thursday.
According to the company, the appointment is subject to the completion of necessary regulatory filings with the Corporate Affairs Commission (CAC).
What the company is saying
Chams Holding said the appointment is expected to strengthen its board and enhance value creation for stakeholders.
- “Chams Holding Company Plc hereby notifies the Nigerian Exchange Limited and the investing public that the Company has appointed Mr. Michael Uwakwe as a Non-Executive Director effective April 1, 2026.”
The company noted that the disclosure was made in line with regulatory compliance and transparency requirements.
It added that the necessary filings with the Corporate Affairs Commission are ongoing.
The board expressed confidence that Uwakwe’s leadership will drive collaboration and deliver transformative outcomes for the company.
Get up to speed
The appointment comes amid recent leadership changes within the Chams Group.
- Mohammed Bashir Yunusa was earlier appointed Chairman of ChamsCorp Plc, a newly established subsidiary.
- Olufemi Oyenuga was also appointed Managing Director/Chief Executive Officer of ChamsCorp Plc.
- Both appointments took effect from February 1, 2026.
ChamsCorp Plc operates in areas such as digital device manufacturing, data centre infrastructure, artificial intelligence systems, and intelligent technologies.
The moves are part of efforts to strengthen the group’s governance and expand its footprint in digital infrastructure.
More insights
Michael Uwakwe brings extensive experience in finance, human resources, and investment management.
He currently serves as Chairman of Creditville Limited, a financial services firm involved in consumer lending, leasing, capital markets, and real estate.
He retired from TotalEnergies after 30 years of service and has expertise in investment analysis, asset allocation, and risk management.
He is a PENCOM-approved member of the Investment Strategy Committee of the Total Closed Pension Fund and also serves on the board of Redwood Asset Management Company Limited.
He is affiliated with several professional bodies, including the National Institute of Credit Administration of Nigeria and the Chartered Institute of Personnel and Development in the UK.
His experience is expected to support the company’s strategic growth and governance framework.
What you should know
Chams Holding has recently strengthened its capital base to support expansion initiatives.
- In November, the company listed 1,955,910,000 additional ordinary shares on the Nigerian Exchange.
- The shares were issued through a private placement of about 2 billion ordinary shares at N1.87 per share.
- The exercise increased the company’s total issued shares from 4.69 billion to 6.65 billion.
- This boosted its market capitalisation to approximately N21 billion.
The capital raise is expected to support investments in digital infrastructure, identity verification technologies, and expansion across its subsidiaries.
