Chams Plc has notified The Nigerian Stock Exchange of the retirement of the following from its Board of Directors after 21 years of service in the Company:

  • Alhaji Idi Farouk
  • Engr. Akin Sawyer

Following these retirements, the following persons have been appointed as Non-Executive Directors on the Board of the Company subject to ratification by members at the next Annual General Meeting:

  • Mr. Kyari Abba Bukar
  • Prof. Oye Ibidapo-Obe
  • Mr. Benjamin Ifeanyi Akabueze

Mr. Kyari Abba Bukar holds a B.Sc. degree in Physics from Ahmadu Bello University, Zaria, Nigeria. He also has an M.Sc. degree in Nuclear Engineering from Oregon State University, USA. He is an alumnus of Lagos Business School (LBS), Wharton Business School and Harvard Business School. Mr. Kyari is the Managing Director and Chief Executive Officer of the Central Securities Clearing System (CSCS) Plc. He is presently the Chairman of the Nigerian Economic Summit (NESG), sits on the Board of Credit Registry Services Plc and is a Member of the Board of Trustees of the Investment Protection Fund of The Exchange. He was one of the members of the Nigerian National Conference representing the organized Private Sector Group.

Professor Oye Ibidapo-Obe, OFR, FAS, FAEng attended Ilesa Grammar School and Igbobi College (1962-1968) and the University of Lagos from 1968-1971 where he obtained a B.Sc. (Hons) in Mathematics, First Class in 1971. He also obtained M.Sc. in Applied Mathematics with a minor in Computer Science in 1973 and a Doctor of Philosophy (PhD) in Civil Engineering with specialization in Applied Mechanics/Systems in 1976 both from the University of Waterloo, Ontario, Canada. He was also a Commonwealth Scholar (Canada) (1972-1976), an NSERC/CIDA (Natural Sciences and Engineering Research Council/Canadian International Development Agency and a Senior Fulbright Research Scholar (1980 – 1981). He was the acting Vice-Chancellor of the University of Lagos between September 2000 and April 2002 and became the substantive Vice-Chancellor on 1st May, 2002. He is currently the Vice-Chancellor of the Federal University Ndufu Alike, Ikwo, Ebonyi State.

Mr. Ben Ifeanyi Akabueze holds B.Sc. degree in Accounting in the First Class Division from the University of Lagos and also attended the prestigious Lagos Business School for an Advanced Management Programme. He is a Fellow, Institute of Chartered Accountants of Nigeria (ICAN), Fellow, Institute of Credit Administrators and an Honorary Member, Chartered Institute of Bankers. Mr. Akabueze has worked with a number of organizations among which are the Nigerian Television Authority, (NTA), Maiduguri, Pricewaterhouse Coopers (Chartered Accountants), Nigerian International Bank Limited (Citibank Nigeria), Fidelity Bank Plc and United Bank for Africa Plc. He was an Executive Director of NAL Bank Plc, Sterling Bank Plc and was appointed Honourable Commissioner for Economic Planning & Budget, Lagos State from 2007 to 2015.