Chams Holding Company Plc has incorporated a new subsidiary, ChamsCorp Plc, as it positions itself to tap rising demand for digital infrastructure, artificial intelligence systems and local device manufacturing.
In a corporate disclosure to Nigerian Exchange Limited, the company said the new entity will focus on digital device manufacturing and infrastructure development, data centre design and operations, artificial intelligence infrastructure, and intelligent systems.
The move signals a strategic expansion beyond the group’s traditional technology services footprint into deeper infrastructure play, at a time when Nigeria’s digital economy is drawing fresh investment into data hosting capacity and AI-enabled systems.
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Leadership structure
The board has appointed Mohammed Bashir Yunusa as chairman of ChamsCorp Plc, effective February 1, 2026. Yunusa, a non-executive director of Chams Holding, brings nearly a decade of experience in finance, deal structuring and digital transformation across sectors including transportation, agriculture, infrastructure and renewable energy in sub-Saharan Africa. He currently heads the Consumer and Digital Banking business for the non-interest banking retail segment at Sterling Bank Nigeria.
Olufemi Oyenuga has been named managing director/chief executive officer of the new subsidiary, also effective February 1. An information management and data analytics specialist, Oyenuga has worked across healthcare, telecoms, ICT and manufacturing, with expertise in business intelligence and performance optimisation.
As part of the transition, Oyenuga has ceased to serve as an executive director of Chams Holding and has been reclassified as a non-executive director of the parent company.
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Strategic positioning underway
Chams Holding said it is still undertaking internal strategic positioning for ChamsCorp Plc and will provide further updates in line with regulatory disclosure requirements as material developments arise.
The company noted that the announcement was made for transparency and compliance purposes while it concludes statutory filings with the Corporate Affairs Commission and secures relevant regulatory approvals.
The creation of ChamsCorp Plc comes amid increasing corporate moves to localise digital infrastructure capacity, particularly in data centre build-out and AI-ready systems.
Industry analysts say demand for sovereign data hosting, enterprise cloud services and smart infrastructure is reshaping capital allocation within Nigeria’s technology sector.
With a dedicated subsidiary now in place, Chams Holding appears to be carving out a focused vehicle to pursue these opportunities, separating infrastructure-heavy ambitions from its broader group operations as it recalibrates for the next phase of growth.
