Chams Appoints Former UBA MD/CEO to Board
By Aduragbemi Omiyale
A former Managing Director/Chief Executive Officer of the United Bank for Africa (UBA) Plc in Tanzania, Mr Ayobola Abiola, has been appointed to the board of directors of Chams Plc.
Mr Abiola headed the Tanzanian operations of the leading financial institution for four years and was also and the General Manager/Divisional Director in charge of Corporate Banking at UBA. He was once the Senior Vice President and Head of West & Lagos Regions at First City Monument Bank (FCMB).
In a statement issued by the Legal Adviser of Chams, Ms Yetunde Emmanuel, it was disclosed that Mr Abiola will be on the board of the organisation as a non-executive director effective July 1, 2022.
The new board member is an economics, banking, finance and tax expert with over 25 years of cognate experience in investment, commercial and mortgage banking.
He is the founder and Chief Executive Officer Capstone Development (West Africa) Limited, a real estate investment and advisory firm. He was until recently the Executive Director, Business Development and Treasury Services at Federal Mortgage Bank of Nigeria (FMBN), a position he was appointed to by President Muhammadu Buhari.
Prior to joining FMBN, he was Vice Chairman and Chief Executive Officer of Fullhouse Advisory Partners, an Investment and financial advisory services firm which specializes in capital raising, project finance and investment advisory services.