CHAMS Appoints Kyari Abba Bukar, Prof Ibidapo-Obe & Benjamin Akabueze as Non-Executive Directors

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Friday, January 15, 2016 04.01 PM/ NSE

Chams Plc. has notified The Nigerian Stock Exchange that the following persons have retired from the Board of Directors of the Company after 21 years of service in the Company:

1.       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:

1.       Mr. Kyari Abba Bukar

Prof. Oye Ibidapo-Obe

Mr. Benjamin Ifeanyi Akabueze

Mr. Kyari Abba Bukar He 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. Mr. Kyari is the Managing Director and Chief Executive Officer of the Central Securities Clearing System (CSCS) Plc. Prior to joining the CSCS in September 2011, he was the MD/CEO of ValueCard Nigeria Plc (now Unified Payments Plc).

Mr. Kyari Abba Bukar worked for FSB International Bank (now Fidelity Bank) where he rose to the position of Executive Director, e-Banking and Information Technology and Operations. Prior to that, he worked at Hewlett Packard USA in Silicon Valley, California where he held several positions.

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.

Mr. Kyari Abba Bukar is an alumnus of Lagos Business School (LBS), Wharton Business School and Harvard Business School.

Professor Oye Ibidapo-Obe OFR, FAS, FAEng: Professor Oyewusi Ibidapo-Obe 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.

Professor Ibidapo-Obe 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 served the University of Lagos from 1 October 1972 as a Graduate Assistant through 1976 as Lecturer Grade II till 1983 as Professor. He also served as Head of Engineering Analysis Unit (1991 - 1995) and the Dean of the Faculty of Engineering at the University (1995-1999).

He was subsequently the Deputy Vice-Chancellor in April 2000, acting Vice-Chancellor between September 2000 and April 2002 and a substantive Vice-Chancellor on 1 May 2002. He was the Chairman of the Committee of Vice Chancellors of Nigerian Universities and was awarded the Best Vice Chancellor’s Prize (2004 and 2005) for the Nigerian University System (NUS). Professor Ibidapo-Obe is President of the Nigerian Academy of Science.

He is currently the Vice-Chancellor of the Federal University Ndufu Alike, Ikwo, Ebonyi State and has published extensively in reputable international journals with some 100 papers since his appointment as Professor.

Mr. Ben Ifeanyi Akabueze He 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 was awarded the JF Kennedy Scholar award, National Merit Scholarship for academic excellence (1980 - 82), Second Place Merit Prize – Institute of Chartered Accountants of Nigeria Professional Exams (1984), Citibank Global Account Management award (1991) and the Distinguished Citizen Award – Anambra State Development Foundation (2003). 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 (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. Josephine Igbinosun Head|Listings Regulation Department

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