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Williams Replaces Aladekomo at Chams

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(L-r): Olufemi Williams, managing director and chief executive officer, Chams Plc; Haruna Jalo-Waziri; executive director, Business Development, Nigerian Stock Exchange, and Demola Aladekomo, immediate past managing director and chief executive officer, Chams Plc., beating the gong closing the market on his last working day at the NSE in Lagos.
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Chams Plc has announced the appointment of Olufemi Williams as the company’s new Group Managing Director and Chief Executive Officer.

Williams joined Chams about 25 years ago because he saw how clearly Chams was redefining the emerging computer hardware and maintenance sector, providing solutions hitherto sought overseas by multinational corporations.

Williams has been a key member of Chams’ executive and leadership team since 2001 and will take over from Demola Aladekomo, the founding Managing Director and Chief Executive Officer.

Aladekomo led the firm with distinction for 30 years, nurturing Chams from a computer hardware maintenance firm into Nigeria’s leading authority in identity transaction systems. Williams’ appointment takes effect September 18, 2015.

Prior to his appointment, Williams, was the Deputy Managing Director of the wholly indigenous technology firm.

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Announcing Williams’ appointment, Very Reverend Ayo Richards, chairman, Chams Plc said: “Olufemi Williams is an exceptional leader. Since he joined Chams, where he has worked in various capacities, Williams has been extraordinary. His well-deserved appointment to the role of Managing Director and Chief Executive Officer affirms orderly leadership transition in the company which aligns with the board’s ratified succession plan which emphasises promoting capable internal candidates to leadership positions.”

Commenting on Williams’ appointment, outgoing CEO, Demola Aladekomo said, “Williams is a brilliant colleague who has distinguished himself over the years as a highly talented, inspiring and energetic leader with positive attitude. I am personally delighted to be handing over the reins to such an outstanding leader.”

Reflecting on his appointment, Williams said: “I am honoured and excited to have been selected to lead Chams Plc. We are a company that has evolved over the years because of our pioneering works in technology sector in the Nigerian market, with our strong capability and winning strategies enabling us to grow strongly. Consolidating on our achievement is a challenge I accept with confidence and determination. I am determined to accelerate the momentum of Chams Group in the identity transaction systems space leading the business to even greater things.”

Williams joined Chams Plc in 1990 as a Computer Engineer while undergoing the one year mandatory NYSC scheme as a corps member.

He rose to the position of General Manager in January 2001, and held same until he was seconded to SuperCard Limited, a subsidiary of the Chams group, as Managing Director in March 2004.

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Williams was recalled to Chams Plc and appointed the Deputy Managing Director in 2011. He continued serving in that capacity until April 2015 when he was made the GMD/CEO designate, following the announcement of Aladekomo impending retirement from Chams Plc.

Meanwhile, in recognition of his outstanding leadership role in Chams Plc over the years, the Nigerian Stock Exchange invited Aladekomo to ring the bell at the close of business on Thursday, September 17. The privileged gesture was the NSE’s way of honouring the IT guru as he proceeds on retirement after 30 years of selfless service.

Established in 1985, Chams Plc is Nigeria’s foremost ICT firm with specialty in developing and deploying enterprise technology solutions. The company is renowned for providing innovative, qualitative products and services in the information technology sector.

 

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INTERPOL Report Shows AI Powers 55% of Cybercrimes in Africa Amid $484m Losses

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INTERPOL’s African Cyberthreat Assessment Report 2026 revealed that Artificial intelligence accounts for 55 per cent of reported cybercrimes across Africa and making attacks faster, more sophisticated and increasingly difficult to detect.

The report warns that the continent’s rapid digital transformation, marked by more than 1.1 billion mobile subscribers in 2025, is being matched by an equally rapid evolution in cybercrime, while fragmented legislation and limited AI readiness among law enforcement agencies continue to weaken responses.

The 40-page assessment, based on survey data from 36 African member countries, said cybercrime has shifted from isolated criminal activity to an industrialised, borderless ecosystem powered by AI.

According to the report, East Africa has become a hotspot for mobile money fraud and ransomware attacks targeting critical infrastructure, while business email compromise (BEC) and romance scams are widespread across Central and West Africa.

Southern Africa, it noted, has become an attractive target for international cybercriminals due to its high level of internet connectivity.

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The report also highlighted the growing financial impact of cybercrime across the continent, revealing that losses have more than doubled since 2024, rising from 192 million dollars to 484 million dollars.

It attributed the increase largely to AI-enabled scams, credential harvesting and automated social engineering attacks.

INTERPOL said online scams remained the most commonly reported form of cybercrime in 2025, with criminals exploiting mobile money platforms, social media and AI-generated content to deceive victims.

It added that 72 per cent of surveyed countries reported the existence of scam centres, with the highest concentration recorded in Southern and West Africa.

The report further identified digital sextortion and online harassment as persistent threats, driven increasingly by AI-generated deepfakes and synthetic media.

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According to data from TrendAI, one of INTERPOL’s partners, about 600,000 sextortion incidents were detected during the reporting period.

Business email compromise schemes have also become more sophisticated, with AI being used to generate highly convincing email communications.

The report said Africa-based threat actors are increasingly targeting victims in Europe and North America using cyber infrastructure spread across multiple jurisdictions.

INTERPOL warned that the absence of real-time information sharing between banks, telecommunications companies and law enforcement agencies has created significant vulnerabilities in tackling financial cybercrime.

It said cybercriminals are no longer relying solely on stolen credentials but are now creating AI-generated synthetic identities by combining genuine personal information with fabricated details.

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These synthetic identities, the report noted, have been used to bypass biometric verification systems, open bank accounts, obtain mobile loans and register SIM cards under false identities.

Neal Jetton, Director of INTERPOL’s Cybercrime Directorate, described cybercrime as one of the most significant criminal threats facing Africa.

“Cybercrime has emerged as one of the most significant criminal threats to the region. AI is automating every stage of a cyberattack from reconnaissance and phishing to extortion and evasion.

“However, we see that when countries work together, cybercriminal infrastructure can be identified, disrupted and dismantled,” he said.

Despite the growing threat, the report highlighted progress in strengthening cybersecurity across the continent.

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It disclosed that 17 African countries enacted or amended cybercrime legislation in 2025, while Senegal launched an online reporting platform to improve responses to online offences affecting children.

The report also noted that regional capacity-building initiatives are helping to improve long-term cyber resilience.

INTERPOL said four major cybercrime operations conducted in 2025, Operation Serengeti 2.0, Operation Contender 3.0, Operation Sentinel and Operation Red Card 2.0, resulted in more than 1,500 arrests, the seizure of hundreds of electronic devices and the recovery of over 100 million dollars.

To address the growing threat, the report recommended the adoption of standardised digital forensic capabilities, stronger cross-border collaboration, greater investment in AI literacy for law enforcement personnel and formal public-private partnerships to improve cybercrime prevention, detection and response.

The African Cyberthreat Assessment 2026 forms part of INTERPOL’s African Joint Operation against Cybercrime initiative, funded by the United Kingdom’s Foreign, Commonwealth and Development Office, with data contributions from Fortinet, Mastercard, the Shadowserver Foundation, S2W and TrendAI.

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Nigeria Expands Deep-tech Skills Pipeline

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Nigerian students will soon design, assemble, test and fly drones as part of their university education, following a partnership between Miva Open University and Abuja-based defence technology company Terra Industries.

The collaboration comes as Nigeria intensifies efforts to develop indigenous capabilities in advanced manufacturing and defence technology, with both organisations seeking to strengthen Africa’s pipeline of deep-tech talent.

The partnership will see students gain hands-on experience in drone engineering and related technologies through dedicated labs and industry collaboration.

The partners will establish robotics, drone and virtual reality laboratories across Miva’s study centres, beginning with a pilot facility in Abuja.

Students will also gain access to industry-led workshops, research opportunities, internships and mentorship in artificial intelligence, robotics, cybersecurity and autonomous systems.

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According to the partners, Terra’s engineering teams will work alongside Miva faculty to integrate hands-on hardware training into academic programmes, exposing students to real-world engineering challenges and building industry experience before graduation.

Nathan Nwachuku, co-founder and CEO of Terra Industries, said Africa’s technological future depends on developing engineers capable of building solutions for local challenges.

“The engineers who will build Africa’s future must learn by building. This partnership creates opportunities for students to work with the technologies shaping modern security, infrastructure and autonomous systems,” said Nwachuku.

Miva Open University said the initiative forms part of its commitment to experiential learning, adding that students will have the opportunity to “design, test and fly drones as part of their academic experience”.

The partnership builds on Terra’s expanding role in Nigeria’s defence technology sector. Earlier this year, the company signed a joint venture with the Defence Industries Corporation of Nigeria to localise the production of drones, robotics systems and cybersecurity infrastructure, supporting efforts to strengthen domestic manufacturing and reduce reliance on imports.

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Atte, Nigerian Develops AI Algorithm for Hair Transplants

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Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.

Atte, Nigerian Develops AI Algorithm for Hair Transplants

Atte Ayodeji

Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.

Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.

His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.

Sunday Dare, special adviser on Media and Public Communication to President Tinubu,  celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.

“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”

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Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”

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