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CWG Plc Announces Changes to Executive Leadership Team

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The Board of Directors of Computer Warehouse Group Plc (CWG) has announced changes in the Company’s executive management.

Mr James Agada, formerly chief technology officer of the Company has been appointed as the new managing director and chief executive officer of the Company.

Agada is a highly innovative and versatile technology expert. He holds both a first class degree and a Master’s Degree in Electronic Engineering, with specialization in Digital Systems, from the University of Nigeria, Nsukka.

He also holds an MBA from the International Graduate School of Management (IESE), Navara, Spain.

Agada has vast experience in consulting, software development, implementation and support.

He was pro tem president, Lagos Chapter of the Nigeria Computer Society, and was conferred with the “Titans of Tech Merit Award” in 2013, by Technology Africa.

Prior to his appointment as the Company’s MD/CEO, Agada was responsible for the Company’s research and development unit. He was also the Executive Director overseeing the Company’s former software division, ExpertEdge.

Speaking on the appointment, Agada expressed his appreciation to the Board of Directors of CWG for the confidence reposed on him by appointing him as the CEO of CWG Plc.

“I know the times are difficult and the challenges are many especially given the business performance of the company in the last few years. Our first task is to return CWG Plc to sustainable profitability this year. We will be taking tough decisions to reduce our costs. We will also be investing to grow profitable business. Maintaining this balance between cost reduction and the needed investment for growth will be the big tasking effort that is facing us. I assure you of my commitment to put in my utmost best to ensure CWG Plc returns to a growing profitable path” he said.

Mr Kunle Ayodeji has also been appointed as the Company’s Chief Operating Officer.

Mr. Ayodeji is a seasoned professional with enormous experience in the fields of banking, financial consulting and private equity.

Prior to his joining CWG, Mr. Ayodeji was an Investment Principal with Aureos Capital (“Aureos”) and later became an Associate Director with The Abraaj Group (“Abraaj”), where he was instrumental in the investment of over US$45 million of Abraaj Funds.

Before joining Aureos in 2007, Mr. Ayodeji was a Senior Consultant with KPMG Nigeria where he was involved with the valuation, due diligence and feasibility studies for various corporations and state governments. He also worked with Triumphbank Plc in Lagos, Nigeria.

Mr. Ayodeji had been a member of the Board committees of both the Company’s Finance, Audit and Risk Committee (where he was the pioneer Chairman), as well as the General Purpose Committee, before he joined CWG in March, 2015 as Executive Director, Finance and Operations.

Mr. Ayodeji holds a B.Sc. in Economics from Obafemi Awolowo University, Nigeria and an MBA from University of Birmingham, United Kingdom.

Mr. Austin Okere continues as the Executive Vice Chairman of the Company.

Mr. Okere who founded the Company, previously filled the role of the Executive Vice Chairman in addition to his role as Managing Director and Chief Executive Officer.

Mr. Okere is an Entrepreneur-in-Residence at the Columbia Business School (CBS), New York, a Fellow of the Institute of Directors of Nigeria, and also serves on the World Economic Forum Business Council on Innovation and Intrapreneurship, Board of National Competiveness Council of Nigeria, and the Initiative for Global Development (IGD) will continue to contribute enormously to the continuous growth of the Company through his wealth of knowledge in the ICT industry and Entrepreneurial development.

To strengthen the finance function of the Company, Ms Obianuju Ejeh has also been appointed as the Chief Financial Officer.

She has enormous experience in the areas of audit, financial and risk advisory, financial control and treasury. She commenced her career at KPMG and later worked with Africa Finance Corporation (AFC), the African-focused Development Financial Institute.

She has also worked in other sectors such as the Retail and Oil and Gas in both Nigeria and the Middle East.

Ms Ejeh holds an MBA from Manchester Business School, UK. She also has a Bachelor’s degree in Mathematics and Economics from the University of Benin. She is an associate Member of ICAN and a CFA Charterholder.

Announcing the appointments, the Company Secretary, Mr. Okey Ejibe expressed his conviction that the Company’s business performance and standard would continually improve.


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CWG Board of Directors Approves 400% Increase in Dividend Payout

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CWG Plc has announced a significant milestone in its commitment to delivering value to shareholders. Following a thorough review of the company’s financial performance and outlook, the Board of Directors has approved a substantial increase of 400per cent in dividend payout to shareholders.

This decision reflects CWG’s confidence in its financial stability, growth trajectory, and ability to generate sustainable returns. By enhancing the dividend payout, CWG aims to reward shareholders for their continued trust and support while reaffirming its commitment to creating long-term value.

Mr. Philip Obioha, Chairman of the Board of Directors at CWG Plc, said, “The decision to approve a 400% increase in dividend payout underscores our confidence in CWG’s performance and outlook. We are dedicated to delivering value to our shareholders and believe that this significant dividend increase is a testament to our commitment to shareholder value creation.”

This increase in dividend payout aligns with CWG’s strategic objectives to prioritize shareholder interests and maintain strong financial discipline. The Board remains committed to prudent financial management and sustainable growth, ensuring that CWG continues to be a reliable investment for shareholders.

As CWG continues to execute its growth strategy and expand its presence in the market, the Board anticipates that the increased dividend payout will further strengthen investor confidence and support CWG’s vision for the future.


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Prof. Aliyu, AI Practitioner to Keynote ABoICT 2024

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CommunicationsWeek Media Limited, a certified global ICT company with over two million online subscribers, is delighted and proud to announce Prof. Yakub Aliyu, as the keynote speaker at Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture series 2024.

 

Aliyu, will be speaking on the theme: Artificial Intelligence (AI): The Good, The Complex and The Anticipated”, this leans heavily on the fact that AI changing our lives– we just need to know where to look today.

This year’s rebranded Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture/Awards Series is slated for Saturday, May 25, 2024 at the Four Points by Sheraton, Lagos.

The event is the most prestigious annual event that brings together captains of industry in both technology and financial worlds.

According to Ken Nwogbo, CEO, Communication Week Media Ltd, organisers of the ABoICT Distinguished Lecture/Awards Series, “the choice of Prof. Yakub Aliyu is deliberate because of his exceptional career in Artificial Intelligence (AI)”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth,” he said.

A professor of microelectronics and a scholar-practitioner in artificial intelligence and deep machine learning for industrial applications and high-speed application processors. His research interests include Multimodal AI models for high-efficiency industrial robot applications and Human AI interactions.

He also has adjunct academic professorships at five African, USA, and UK universities. Holds a BS in Applied Physics Electronics from Karlsruhe and A Bello Universities in Germany and Nigeria, an MBA in International Business Management from the University of London, an MSEE (Master of Engineering, Electronics), and a Ph.D. in Electronics Engineering from the University of Wales.

Prof. Aliyu is the global quality director for Bourns Inc., Riverside, California, USA, an electronics system, and components manufacturer. I oversee quality functions in 21 factories worldwide.

He has also held quality and operational management leadership positions at National Semiconductors, Bell Labs-Lucent Technology, Texas Instrument, Global Foundries, and Roper Technologies USA.

Authored and coauthored over 30 Advanced Technology United States-issued patents in High-Speed Application Processors and Contributed to over 40 international impact Journals, chapters, and conferences; FASI, SMIEEE USA, MIEE UK, M. Inst pf Physics Chartered Phys and C Eng UK.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; Dr. Seyi Akindeind, co-founder, Digital Encode; Dr Krishnan Ranganath, Regional Director, Africa Data Centres.


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,

This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.

While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.

Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.

It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.

Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.

Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.

 

 

 

 

 

 

 

 

 


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