THE HISTORY AND
BUSINESS OF CHAMS
Chams Nigeria limited was incorporated in 1985 as a computer maintenance and engineering company, and has grown to become a leading IT solutions company with pioneer status in smartcard technology. The company pioneered systems integration services, local area network in banks, companies, government agencies and parastatals in Nigeria.
Chams, an acronym for Computer Hardware And Maintenance Services, and a leading information Technology solution provider has gained significant mileage as a reputable smartcard technology outfit. A young entrepreneur, Demola Aladekomo, incorporated Chams in 1985. It started out at its inception as a Computer Engineering Company and for several years, operated from its head office at 33, Akerele Road, Surulere. By the time it moved to its new head office at 8, Louis Solomon Close, Victoria Island, the company metamorphosed into a purely card Technology Solution Provider.
If history is the chronicle of events inspired by great individuals, then the history of Chams cannot be separated from the pioneer behind Chams. Ben Abiodun Ademola Aladekomo, is not just the founder, he has been the Chief Executive of the company right from its inception. Chams is therefore, indissolubly linked to the business sagacity of Demola Aladekomo.
The decision to go into the computer maintenance business was influenced by a new development then. The early 80s saw some changes in the computer world. The society had grown more sophisticated. A lot of personal computers were being bought, as computers became a means of automating business operations. While PCs could be bought easily, there was the problem of their being maintained and repaired. A business vacuum had to be filled and the idea of Chams came to fruition. Chams, having evolved through various stages in the course of business, has eventually emerged and become renowned for its proprietary multi-platform interactive solutions, ChamsAccess Service. The ChamsAccess is a multimedia solution designed to provide convenience and ease of use for informational and transactional purposes.
The company introduced the concept of electronic purse into the Nigeria banking industry. This culminated in the establishment of VALUCARD NIGERIA plc with a consortium of forty-eight Nigerian Banks. The resounding success of this innovation formed the basis upon which the company has continued to build and develop the card technology for the Nigerian market (spanning identification and payment systems)
With its enormous wealth of experience in computer engineering, systems integration and smart card technology, the company was awarded the first phase of the National Identity card project in 1998. This phase of the project was by the company and delivered to the Federal Government in Year 2000 with the production of one million ID Cards to Nigerians. This achievement is a significant landmark in the life of the company and the nation. It was the very first time the National ID would be successfully implemented in the country. It was a catalyst needed by the company to continue its research, investment and development of the card technology for Nigeria.
In the twenty years of the company’s operation in the information technology industry in Nigeria, it has developed human capital and built strategic alliances in its core area of expertise internationally with reputable companies abroad and locally to guarantee its continued existence and relevance.
From its rented offices on the Lagos mainland area in Surulere, the company successfully completed its multimillion Naira office complex on highbrow Victoria Island.
This office complex is currently valued at more than N650.00 Million. The company also has investment in affiliated/subsidiary companies (Supercard, Paymaster and CardCentre) worth more than N400.00 Million as of July 2005.