Meet Demola Aladekomo; ICT expert, philanthropist and brain behind first e-payment in Nigeria

Demola Aladekomo is a Nigerian entrepreneur, ICT expert and a philanthropist. He is one of the brains behind the success of the first e-payment platform in Nigeria.

Demola Aladekomo (Ademola Benjamin Aladekomo) was born on the 31st of December, 1957. He has a Bachelor’s degree in Computer Engineering from Obafemi Awolowo University and a MBA in Operations Research from University of Lagos (UNILAG). Demola was part of the first Chief Executive Programme at the Lagos Business School (LBS). He is married to Titi Aladekomo and they are blessed with four children.

Demola founded Chams Limited immediately he finished his MBA programme in 1985 which was the first indigenous computer maintenance company in Nigeria.

Over the years, Ademola grew Chams to Nigeria’s leading provider of integrated identity management system and verification platform. In 2008, Chams evolved from a privately owned company to a public liability company and was listed on Nigerian Stock Exchange with six subsidiaries.

Chams Plc has developed many new technologies for the government, financial institutions and corporate organisations. The company’s services cover biometric solution platforms, card payment systems, mobile payments, ATM sales and support, identity management and business processing services. The parent company, Chams Plc focuses on identity management while its subsidiaries are in charge of the technology and transaction segments.

Demola Aladekomo through Chams Plc led the implementation of the Bank Verification Number project initiated by the Central Bank of Nigeria (CBN) and the Banker’s Committee in 2014. After 30 years of service, Demola retired as the Group Managing Director of Chams Plc handing over to Olufemi Williams.

In 1992, Demola Aladekomo founded Volunteer Corps, a non-government organisation that offers free intensive coaching classes and mentoring to public schools in Nigeria through volunteer tutors. His mission is to improve the standard of education in Nigerian public schools. He also founded DATA foundation which is committed to improving lives in Nigeria by awarding scholarships to students in public school.

Demola served as the president of the Lagos Business School Alumni Association (LBSAA) in 2012 – 2014 and also president of the Nigerian Computer Society in 2012. He is a Fellow of the Computer Professional Registration Council (FCPN), a Fellow of the Nigeria Computer Society (FNCS) and a member of the Nigerian Society of Engineers (NSE). Demola also served as the Vice Chairman of the Board of Trustees of SmartCard Society of Nigeria. He is the chairman, board of trustee for Volunteer Corps.

Demola is a Council Member, Osun State University and Board Member, Osun State University Advancement Board, Board Member, Obafemi Awolowo University (OAUTECHEXCEL), the Foundation implementing knowledge park at the university.