Repositioned for Growth - Chams Plc€¦ · Table of Contents 5 Our Envisioned Future 6 - 7...

2016 Annual Report and Accounts

Chams PLC

Repositioned for

Growth

We remain confident about 2017 with positive

expectations that your company will start

reaping the full dividend of diversification of our

revenue source. We have over the years since 2014

begun to build our private sector clientele which has

also made us to invest in technologies aimed at meeting and satisfying

their needs.

Table of Contents5 Our Envisioned Future

6 - 7 Directors, Officers & Professional Advisers

8 Notice of 33rd Annual General Meeting of Chams PLC

9 - 11 Chairman’s Statement

12 - 13 Managing Director’s review

14 - 16 Corporate Governance

17 - 22 Directors’ Report for the year ended 31 December 2016

23 - 28 Board of Directors’ Profile

29 - 31 Projects & Events

32 Report of the Audit Committee

33-37 Independent Auditors Report to the Shareholders of Chams Plc and its Subsidiary Companies

38 Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income

39 Consolidated and Separate Statement of Financial Position

40 Consolidated and Separate Statement of Changes in Equity - Group

41 Consolidated and Separate Statement of Changes in Equity - Company

42 Consolidated and Separate Statement of Cash Flows

43 -82 Notes to The Financial Statements

83 Consolidated Statement Of Value Added

84 Consolidated Financial Summary

85 -90 Corporate profile and subsidiary information

91 Corporate Directory

92 -106 List Of Unclaimed Dividend as at 30Th June 2017

e-Dividend Mandate Form/Proxy Mandate Form

C H A M S P L C 2 0 1 6 A N N U A L R E P O R T | 3

4 | C H A M S P L C 2 0 1 6 A N N U A L R E P O R T

Our Envisioned FutureA company of Nigerian origin, we will be extremely influential and highly visible in global technology. Our trusted cutting edge technology will enhance the quality of life in a manner that glorifies God. We would be employer of first choice.

O U R V I S I O N

To be the leading provider of innovative and beneficial technologies that improve the quality of life.

O U R M I S S I O N

To design and deploy innovative and beneficial technologies, while creating value for all our stakeholders

O U R C O R E V A L U E S

1. Create a healthy and dynamic work environment characterized by Z-CASE • Zero tolerance for excuses

• Candor

• An entrepreneurial spirit,

• Strong bonds between past and present Chams family

• Excitement

2. We commit to giving back to society through group activities that will positively impact on our communities.

3. Faith in God


Directors, Officers & Professional Advisers

B O A R D O F D I R E C T O R S

• Very Rev. Ayo Richards ............Chairman

• Mr. Olufemi Williams .................Managing Director

• Sir. Demola Aladekomo............Director

• Dr. Ajoritsedere Awosika mfr Director

• Prof Shehu Abdullahi ofr .........Director

• Dr. Evans Woherem ...................Director

• Professor Oye Ibidapo Obe .....Director

C O M P A N Y S E C R E T A R Y

• Yetunde Emmanuel

L E G A L A D V I S E R S

• Marriot Solicitors 91A, Lewis Street, Lagos.


D I R E C T O R S , O F F I C E R S & P R O F E S S I O N A L A D V I S E R S

R E G I S T E R E D O F F I C E

8, Louis Solomon Close, off Ahmadu Bello Way, Victoria Island, Lagos

A U D I T O R S

• BDO Professional Services ADOL House 15, CIPM Avenue, CBD, Alausa Ikeja, Lagos

R E G I S T R A R S

• First Registrars Plot 2 Abebe Village Road Iganmu, Lagos

B A N K E R S

• UBA PLC Plot 226 Idowu Taylor Street Victoria Island Lagos

• First Bank of Nigeria Ltd Adeola Odeku Victoria Island Lagos

• Zenith Bank PLC Ajose Adeogun Victoria Island Lagos

• GTB PLC Awolowo Road Ikoyi Lagos

• FCMB PLC 38 Adeola Hopewell Street Victoria Island Lagos

• Skye Bank PLC Adeola Hopewell Street Victoria Island Lagos

• Access Bank PLC Awolowo Road Ikoyi Lagos

• Wema Bank PLC Idowu Taylor Street Victoria Island Lagos

• EcoBank PLC Akin Adesola Street Victoria Island Lagos


Chams PLC

Notice of 33rd Annual General Meeting of Chams PLCNOTICE IS HEREBY GIVEN that the Thirty-Third Annual General Meeting of CHAMS PLC will hold on July 13th at ACE Olivia Hall, 2nd floor, Lagos City Mall, Onikan Lagos at 11 am prompt to transact the following business:

O R D I N A R Y B U S I N E S S

1. To receive the Audited Financial Statements for the Year ended 31st December 2016 and the Reports of the Directors, Auditor and Audit Committee thereon;

2. To elect/re-elect the Directors3. To fix the remuneration of Directors4. To authorize the Directors to fix the remuneration of the Auditors5. To elect Members of the Audit Committee

P R O X Y

A member entitled to attend and vote at an Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her stead. The proxy need not be a member of the Company. For the appointment to be valid, a completed and duly stamped proxy form must be deposited at the office of the Company Secretary, Plot 8, Louis Solomon Close, Victoria Island, Lagos not less than 48 hours before the time fixed for the meeting.

BY ORDER OF THE BOARD

Yetunde EmmanuelActing Company Secretary

8th day of June 2017.

N O T E S1. CLOSURE OF REGISTERThe Register of Members and Transfer book will be closed from 4th - 8th July, 2017 (both days inclusive) for the purpose of updating the Register of Members.

2. AUDIT COMMITTEEIn accordance with Section 359(5) of the Companies and Allied Matters Act, Cap C20 LFN 2004, any shareholder may nominate another shareholder for appointment to the Audit Committee by giving notice in writing of such nomination to the Company Secretary at least Twenty-One (21) days before the Annual General Meeting.

3. ELECTION/RE-ELECTION OF DIRECTORSi. Election of Directorsa. Mr. Wim Tappij Gielen and Pastor Ituah Ighodalo are being proposed for election as Non-Executive Directors while Mrs. Funke

AlomoOluwa and Mrs. Mayowa Olaniyan are being proposed for election as Executive Directors.b. Mr. Wim Tappij Gielen and Pastor Ituah Ighodalo were appointed as Non-Executive Directors while Mrs. Funke AlomoOluwa

and Mrs. Mayowa Olaniyan were appointed as Executive Directors on December 21st 2016 by the Board of Directors and are being presented for shareholders approval at the 33rd Annual General Meeting.

Their profile is available for viewing on www.chamsplc.com.

4. RIGHTS OF SHAREHOLDERS TO ASK QUESTIONSShareholders have the right to ask questions not only at the meeting, But also in writing prior to the meeting, and such questions must be submitted to the Company Secretary not later than 30th June 2017.


Chairman's Statement

Distinguished Shareholders, Ladies and GentlemenIt gives me pleasure to welcome you to the 33rd Annual General Meeting of our Company, Chams Plc, and present to you the Annual Report of our Company for the financial year ended 31st December 2016.

Before I present the operating performance of the Company for the year ended 2016, let me take you through the global and macro-economic environment in which we operate and how global events have impacted our results in 2016 and the outlook for 2017. I will also keep you abreast with the strategies we are putting in place to enable us continue to be a dominant player in the identity management space in Nigeria.

The year 2016 started on a slow mode, with global oil prices falling as low as $28 per barrel in February 2016. This was caused by ramp up in crude oil production by member countries of the Organization for Petroleum Exporting Countries (OPEC) as well as Non-OPEC members like the United States of America which has developed new technologies to drill the Shale oil in a cost efficient manner thereby lowering their demand for Crude oil. The slowdown in the economy of China also contributed to the glut in the world oil supply.

The overall impact of the price and output slowdown was a shortfall in the country’s foreign exchange earnings. In fact, the country’s foreign reserves hovered between $23billion dollars and $27billion dollars for the most part of 2016. This created an exchange rate crisis for the Central Bank of Nigeria with the exchange rate losing close to 50% of its value within the first six (6) months of the year. Inflation rate also moved up significantly from a single digit of 9.6% in December 2015 to a double digit of 18.45% in December 2016. This was fuelled by increase in food prices, energy costs, liberalization of the oil industry, transportation cost, exchange rate devaluation etc. The removal of oil subsidy for petroleum import marketers was also effected in 2016 which took the pump price per litre of petrol to a new level of N145 per litre. The Nigerian economy closed 2016 with its worst economic performance in over 20 years witnessing four consecutive quarters of negative GDP growth rate.

The general weakness in the economy affected the federal government as well as the state governments alike in executing major identity management projects as actual revenue receipts were negatively impacted by both external and local shocks in the oil and gas space.

The above factors affected significantly the top and bottom line of our financial performance as major


mandates could not be secured from Federal government institutions as well as State government who represent a sizeable portion of our business.

F I N A N C I A L R E S U L T

We recorded a loss after tax of N1.9 billion in 2016. This loss was heavily impacted by the huge impairment charges of N2.0 billion made on some of our investments as dictated by the International Financial Reporting Standard (IFRS) on investment. These were investments made in our subsidiaries to position our group for a seamless execution of the Concession on the National Identity Card project which, regrettably, became subject of Mediation/Arbitration. On the part of Board and Management, the impairment that hit our books was a bold step in cleaning our books of all overhang of the unfortunate developments in the National Identity Card Project on our performance.

Steps have been taken to rationalize staff and streamline operations to make your company more nimble and responsive to market dynamics. As a technology-based organization, we are concentrating more on innovative products and services that will surpass the expectations of customers in the private sector. To this end, we are collaborating with world-class organizations to deliver products that will bring speed, convenience and security to transactions across a broad spectrum of our national economy. We believe that we have finally come out of the woods.

We look to the years ahead with great enthusiasm and optimism, with God on our side and given the caliber of Directors and staff with whom we are blessed.

B OA R D O F D I R E C TO R S

In the course of the year under review, Mr. Ben Akabueze was appointed as Director General of the Budget

Office by the Federal Government and had to resign his appointment as a Director of your company to

answer the national call to duty. Mr. Kyari Bukar and Prof. Shehu Abdullahi also resigned as Directors due to

other pressing commitments. On your behalf, I thank them for their avowed interest in serving on our Board

and the invaluable contributions they made. We wish them success in all their endeavours.

To strengthen our market position locally and internationally, the Board approved the appointment of

Pastor Ituah Ighodalo and Mr. Wim Tapij Gielen as Non-Executive Directors; Mrs. Mayowa Olaniyan and Mrs.

Funke Alomooluwa as Executive Directors. Their profiles are provided in the Annual Report.

I believe it is pertinent at this juncture to state that members of the Board of Directors of your company

have made immense sacrifice and contributions towards the survival of your company during the very

difficult phase through which it has passed.

E CO N O M I C O U T L OO K

Technology has been adjudged to be the new oil or an alternative to crude oil and your company remains on the cutting edge of developing innovative solutions and technologies aimed at improving the quality of life of the populace.

C H A I R M A N ' S S T A T E M E N T

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According to Managing Director and Chief Economist, Global Research Africa, Standard Chartered Bank, Razia Khan, Nigerian economy should grow at 2.8 percent on the average in 2017 while Moody’s Aurelien Mali predicted a 2.5% expansion provided the country can achieve 2.2 million barrels per day of oil production.

We remain confident about 2017with positive expectations that your company will start reaping the full dividend of diversification of our revenue source. We have over the years since 2014 begun to build our private sector clientele which has also made us to invest in technologies aimed at meeting and satisfying their needs.

CO N C L U S I O N

In conclusion, On behalf of the Board of Directors, I thank you, our esteemed shareholders for your unflinching support and confidence you have reposed in the Board and management of your company over the years. I also thank my colleagues on the Board for their unalloyed commitment and sacrifice towards the progress of this our Company. I am also grateful to the management and staff who work tirelessly daily to make the vision and goals of your company a reality. I pray the Good Lord will continue to shower his blessings upon us all.

God bless you all.

Very Rev. Ayo Richards Chairman

C H A I R M A N ' S S T A T E M E N T

C H A M S P L C 2 0 1 6 A N N U A L R E P O R T | 1 1

Managing Director’s review

Distinguished stakeholders, shareholders, my fellow board members, management and staff, our customers, it gives me great pleasure to welcome you to the 33rd Annual General Meeting of our great company. I am most grateful to everyone for the support accorded me so far since taking up the mantle of the leadership of this great company. This year’s Annual General meeting marks my second as the Managing Director of our beloved company. The road no doubt has been bumpy and full of many global and local macro-economic headwinds to which we have remained resilient with your support and unalloyed commitment. The year 2016 was particularly challenging for most businesses and sectors of the Nigerian economy. The Nigerian economy witnessed her worst economic performance in over 20 years recording four consecutive quarters of Negative GDP growth rate and thereby sliding into recession. Inflation rose to a double digit of 18.45% as at December 2016, foreign exchange liquidity challenges was heightened resulting into an exchange rate crisis in the country, Monetary policy rate (MPR) was increased to 14% to attract foreign portfolio investors to the country which further increased the cost of borrowing in the economy to a rate in excess of 25%.

Amidst the global and local shocks your company was resilient and was able to initiate and close major projects with its clients. Your company remains on the cutting edge of delivering innovative solutions and technologies to their clients aimed at solving their peculiar needs.

Your company was particularly visible in the Agriculture space in the course of the year, Chams Plc was engaged by the Central Bank of Nigeria (CBN) and Bank of Agriculture (BOA) to deploy Bank Verification Number (BVN) enrolment machines nationwide under the Federal Government Anchor Borrowers project. All farmers (both rural and urban) that will benefit from the program are expected to be identified through their BVNs.

In view of our successful projects with the States and Schools, we were also approached by the management of Afe Babalola University, Ado-Ekiti (ABUAD). The project involved the development of the School’s management portal as well as the production of Smart ID cards. We developed a biometric device aimed at resolving the identity management issues of the institution particularly as it relates to attendance, headcount etc.

We partnered with Anambra State through IGR Hub development project. The purpose of the project was to improve the internally generated revenue of the State. The exercise has helped particularly to reduce fraud in the State and hence promoted probity, transparency and accountability in government.

The Company through the membership solution product offering also assisted the Chartered Institute of Personal Management of Nigeria (CIPMN) with the development of a membership portal containing several module covering registration of members, payment of professional dues etc. We also partnered with the Institute of Chartered Accountants of Nigeria (ICAN) on the development of her electronic voting portal.


We partnered with British Council, Joint Admissions and Matriculation Board (JAMB) and SASCON during the year. Your company through her Business Process Outsourcing solutions (BPO) was able to assist the British Council in deploying technologies to be used for e-testing, examination and interviews. We partnered with the Lagos State Government and assisted them in the development of a Lagos digital village used for Uber driving test and a host of other uses etc

In view of the loss after tax and negative retained earnings position of N1.9billion and N3.7billion respectively recorded in 2016, we have mapped out strategies to improve our top line numbers in 2017. This will involve us playing key and visible role in certain sectors of the Nigerian economy which we believe ample opportunities exist and are the key economic thrust of the current administration.

Chams Plc will continue to reinvent productivity and business processes by ensuring we develop cost and time saving technologies for the delight of our clients. We will continue to improve on our existing array of technologies and solutions aimed at helping our clients achieve increasingly complex and challenging outcomes more quickly than ever. We are deploying more of our solutions in the Agriculture space, Financial Industry with focus on small and micro finance sectors. The efforts in the small and micro finance sectors are geared towards improving the level of financial inclusion in Nigeria.

We recognize the power of building an intelligent and well diversified team to drive business outcomes and success. This is why we strive to make our workplace the greatest place to work where everyone can contribute their quota towards achieving organizational goals and objectives.

Finally, I am personally convinced of a better 2017, the stage appears set for superior performance in 2017 for our company as the economy also rebounds out of recession before the end of the year. Our company has been restructured to take advantage of profitable opportunities as they come along in the course of the year.

I want to specially thank our esteemed Board of Directors, clients and customers, management and staff and other stakeholders for your continued support through the year. I pray that God will continue to make us pacesetters in the industry and in life generally.

Thank you and God bless you all.

Mr. Femi Williams Group Managing Director

M A N A G I N G D I R E C T O R ' S R E V I E W


Corporate GovernanceThe companies that make up Chams Group are advocates and practitioners of corporate governance. The practice of corporate governance fosters openness, transparency, accountability, honesty, selflessness, integrity, leadership, monitoring of performance and leadership. This is visible through the adherence to international best practice in the following areas:

C O M P L I A N C E W I T H T H E C O D E O F C O R P O R A T E G O V E R N A N C E

The Board as a whole is comprised of a number of sub-committees amongst which are Audit, Finance and Appointment, Promotions and Governance Committees. The Board is also comprised of high profile non-executive members serving in various capacities at the sub–committees mentioned above and involved in setting the emoluments of the managing director and other directors of the company. The non-executive directors are appointed for a fixed period and have to be re-elected by the shareholders at an AGM. The company is committed to full disclosure and transparency in providing information to all stakeholders because of its belief that this is the most important driving force in any good governance process.

R I S K M A N A G E M E N T F U N C T I O N

Across the group, there is an internal audit function that ensures compliance, operational and financial controls are in place, in order to minimize risk. The Internal Audit unit ensures that these functions are performed. The Audit Committee also has a risk management oversight function to ensure full compliance.

P U B L I S H I N G O F F I N A N C I A L S T A T E M E N T S A N D A U D I T O R S R E P O R T

The implementation of audit exercises and the publishing of company's annual reports as well as group annual reports help to foster transparency and openness .The use of highly qualified external auditors from a reputable audit firm helps to minimize external risks as

well as ensuring that information contained in financial reports are accurate. Your company is continuously working on improving the free flow of information to all stakeholders and the general public.

C O M M U N I C A T I O N B E T W E E N B O A R D O F D I R E C T O R S A N D S H A R E H O L D E R S

Apart from the Annual General Meetings your company has recognized the need to carry the shareholders along through periodic sensitization of developments in the organization. This is to ensure that there is an avenue for continuous flow of information and to foster better understanding. The Company therefore has in place, a well-established Complaints Management Policy framework to resolve all complaints.

S E C U R I T I E S T R A D I N G P O L I C Y

The Board of Directors have an approved a Securities Trading Policy which prescribes a code of behavior for Directors, management of the Company, external advisers and other related persons in possession of market sensitive information. The Code prohibits these persons from dealing in the Company’s securities during closed periods in accordance with the provisions of the Investments and Securities Act and the Post Listing Rules of the Nigerian Stock Exchange. All Insiders are notified of closed periods through written or electronic communication from the Company Secretary. The Securities Trading Policy is available on the website of the Company.

C O R P O R A T E S O C I A L R E S P O N S I B I L I T Y

Corporate Social Responsibility is an integral part of the activities of the companies in the Chams Group. We believe in giving back to the society and this is done through activities such as the Chams Theatre Series, a strategic contribution of Chams Plc to the rejuvenation and growth of the Arts in Nigeria and the Soup Kitchen through which we reach the under-privileged and


disadvantaged in the society. Your Company was also involved with voluntary work through partnering with a not-for-profit organization, the Volunteer Corp thereby contributing to the education of young persons in our society.

G O A L C O N G R U E N C E A M O N G S T A K E H O L D E R G R O U P S

This has to do with ensuring that there is synergy between directors and shareholders thereby reducing conflict and ensuring that directors fully maximize the wealth of shareholders. Other stakeholders are also taken into consideration such as suppliers, employees and so on, in order to ensure that components of each organization are working in tandem towards the realization of stated objectives.

R E M U N E R A T I O N

The remuneration of Directors and all members of staff are performance based. This is to ensure that the company does not reward directors and managers for failure and non-compliance.

Q U A L I T Y C O N T R O L• REVALIDATION OF ISO 9001: 2008 The company in the year under review completed the process of revalidation of the ISO 9000:2001 certification thereby ensuring that the Company and subsidiaries within the Group maintain high level quality standard in all transactions within the organization and stipulated processes are strictly adhered to. Other certified companies within the group with valid ISO certification are in checks to ensure adherence to stated quality standards.

B O A R D F I N A N C E C O M M I T T E E

The committee acts on behalf of the Board on matters relating to financial management. It reviews the budget and audited accounts and is responsible for providing useful advices to the company’s management team as and when required. The members are as follows;

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Mr. Demola Aladekomo

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Prof. Abdullahi Shehu

1 1 1 NA 3

Dr. Dere Awosika 1 1 1 1 4

Dr. Evans Woherem 1 1 NA 1 3

A U D I T C O M M I T T E E

This is established in accordance with part C of the code of corporate governance. It comprises dedicated individuals with proven integrity that have a thorough understanding of standard practice

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Mr. Emmanuel Onochie

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Mr. Moses Igbrude 1 1 1 1 4

Mr. Doyin Owolabi 1 1 1 1 4


Dr. Dere Awosika 1 1 NA 1 3

C O R P O R A T E G O V E R N A N C E


A P P O I N T M E N T , P R O M O T I O N S A N D G O V E R N A N C E C O M M I T T E E

This Committee is responsible for defining and assessing the qualifications for Board of Director membership and identifying qualified individuals, responsible for assisting the Board organize itself in the discharge of its duties and responsibilities properly and effectively, ensuring proper attention and effective response to shareholders concerns regarding corporate governance, assisting the Board in the fulfilment of its oversight responsibility for the Group’s broad enterprise risk management program in connection with the Groups governance structures

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Prof. Abdullahi Shehu 1 1 NA 2

Prof. Ibidapo Obe 1 1 1 3

I N N O V A T I O N , M A R K E T I N G A N D T E C H N O L O G Y M E E T I N G S

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B O A R D M E E T I N G S

The Board and its Committees met as follows:

BOARD/ COMMITTEE MEETING NO

OF

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Board of Directors 4

Audit Committee 4

Appointment, Promotions and Governance Committee

3

Board Finance Committee 4

Innovation, Marketing and Technology Committee 2

Attendance at Board meetings for the year ended 31st December 2016

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Very Rev. Ayo Richards (Chairman)

1 1 1 1 4

Mr. Demola Aladekomo

1 1 1 1 4

Prof. Abdullahi Shehu

1 1 1 1 4

Prof. Ibidapo Obe NA 1 1 1 3

Dr. Dere Awosika 1 1 1 1 4


Mr. Femi Williams 1 1 1 1 4

A U D I T O R S

The Auditor, Messrs BDO Professionals Service have indicated their willingness to continue in office in accordance with Section 357 (2) of the Companies and Allied Matters Act CAP C20, LFN 2004, a resolution will be proposed at the Annual General Meeting to authorise the Directors to fix their remuneration.



C O R P O R A T E G O V E R N A N C E


Directors’ Report FOR THE YEAR ENDED 31 DECEMBER 2016

The Directors present their annual report on the affairs of Chams Plc (“the Company”), and subsidiaries (“the Group”), together with the group audited financial statements and the auditor’s report for the year ended 31 December 2016.

1. PRINCIPAL ACTIVITIES The principal activities of Chams Plc and its subsidiaries continue to be provision of identification, transaction and payment solutions. This includes the development, deployment, implementation and maintenance of technology based systems, computing and solutions platforms, communication infrastructure and other services designed to facilitate the operations of all forms of electronic business.

2. LEGAL FORMThe company was incorporated as a private limited company on September 10th 1985 and became a public limited company in 2007. At the 23rd Annual General Meeting of the Company on 6 June 2008, the shareholders authorized the Directors to change the name Chams Nigeria PLC to CHAMS PLC. Subsequent to the Placements authorized by the shareholders, an application was made to the Council of the Nigeria Stock Exchange for the admission of all the issued and paid up shares of the Company to the Daily Official List of the Exchange through Listing by Introduction.

3. SUBSIDIARIES The company has three subsidiaries; CardCentre Nigeria Limited, engaged in the production and manufacturing of Cards – Identity, payments, Smart cards etal; ChamsAcccess Limited, licensed consortium for the deployment of ATMs in the country also involved in the deployment of multi application terminals; and ChamsSwitch , engaged in provision of the e-payment transaction processing platform for the Nigerian Market.

4. OPERATING RESULTSThe following is a summary of the Company’s operating results:

GROUP COMPANY

2016 2015 2016 2015

=N=’000 =N=’000 =N=’000 =N=’000

Turnover 1,482,037 1,610,478 641,435 914, 929

Cost of Sales (788,580) (1,221,521) (273,689) (757,571)

Gross Profit 693,457 388, 957 367,746 157,358

Profit After Tax (1,518,613) (3,405,316) (1,908,433) (2,519,174)

EPS (25)k (69)k (39)k (54)k


5. SHARE CAPITAL HISTORY

YEARAUTHORIZED ISSUED SHARE CAPITAL

CONSIDERATIONINCREASE CUMMULATIVE INCREASE CUMMULATIVE

1985 100,000 100,000 100,000 100,000 Cash

2004 99,900,000 100,000,000 0 100,000 Cash

2005 200,000,000 300,000,000 0 100,000 Cash

2006 0 300,000,000 99,900,000 100,000,000 Cash

2007 2,200,000,000 2,500,000,000 72,060,000 172,060,000 Cash

2007 2,500,000,000 5,000,000,000 172,060,000 344,120,000 Cash

2007 0 5,000,000,000 1,378,480,000 1,720,600,000 4 for 1 Bonus

2008 0 5,000,000,000 2,000,000,000 3,720,600,000 Cash

2008 0 5,000,000,000 975,000,000 4,695,600,000 Cash

2009 0 5,000,000,000 0 4,696,060,000 Cash

2010 0 5,000,000,000 0 4,696,060,000 Cash

2011 0 5,000,000,000 0 4,696,060,000 Cash

2012 0 5,000,000,000 0 4,696,060,000 Cash

2013 0 5,000,000,000 0 4,696,060,000 Cash

2014 0 5,000,000,000 0 4,696,060,000 Cash

2015 0 5,000,000,000 0 4,696,060,000 Cash

2016 0 5,000,000,000 0 4,696,060,000 Cash

6. DIRECTORS WHO SERVED DURING THE YEARThe following Directors served during the year under review:

NAME DESIGNATION

1. Very Rev. Ayo Richards Chairman

2. Mr. Femi Williams Managing Director

3. Sir. Demola Aladekomo Member

4. Prof Oyewusi Ibidapo-Obe Member

5. Prof Shehu Abdullahi Member

6. Dr. Evans Woherem Member

7. Dr. ‘Dere Awosika Member

7. DIRECTORS’ INTEREST IN SHARESThe Directors who served during the year and their interests in the shares of the Company are as follows:

NAME HOLDINGS

1 Very Rev. Ayo Richards 1,087,000

2 Mr Demola Aladekomo 69,090,000

3 Mr Femi Williams 8,000,000

4 Dr. Evans Woherem NIL

5 Prof. Shehu Abdullahi NIL

6 Prof. Oyewusi Ibidapo Obe NIL

7 Dr. ‘Dere Awosika NIL

D I R E C T O R S ' R E P O R T F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 6



8. DISCLOSURE OF SUBSTANTIAL SHAREHOLDING (ABOVE 5%) AS AT DECEMBER 2016AC NAME ADDRESS HOLDING HOLDINGS

1 11789 STANBIC NOM./ AMCON / ACCESS BANK PLC

C/O STANBIC NORMIEES NIG LTD, PLOT 1712 IDEJO

494,900.229 10.54

‘2 11715 FC/AMC/SKYESTB/SMARCITY RESORTS PLC – F

C/O FIRST PENSIONS CUSTODIAN LTD, 124

352,526,737 7.51

TOTAL 847,426,966 18.05

9a. ANALYSIS OF SHAREHOLDINGThe analysis of the distribution of the shares of the Company as at 31 December 2016 is as follows:

CATERGORY CAT DESCRIPTION NO OF HOLDERS HOLDINGS

1 FOREIGN ADDRESSES 31 16,404,000

2 CORPORATE BODY 579 2,259,209,776

3 INDIVIDUALS 7,819 2,420,446,224

TOTAL 8,429 4,696,060,000

9b. RANGE ANALYSISThe range analysis of the shares of the Company as at 31 December 2016 is as follows:

RANGE NO OF HOLDERS % HOLDERS UNITS % UNITS

1 - 1000 706 8.46 431,733 0.01

1001 - 5000 1,313 15.74 4,176,518 0.09

5001 - 10000 923 11.06 7,842,150 0.17

10001 - 50000 2,292 27.48 72,481,193 1.54

50001 - 100000 1,043 12.50 89,236,399 1.90

100001 - 500000 1,329 15.93 358,742,166 7.64

500001 - 1000000 352 4.22 301,863,414 6.43

1000001 - 5000000 293 3.51 706,044,186 15.03

5000001 - 10000000 41 0.49 336,127,532 7.16

10000001 - 50000000 35 0.42 605,723,907 12.90

50000001 - 100000000 7 0.08 436,276,126 9.29

100000001 - SHARECAPITAL 8 0.10 1,777,114,676 37.84

8,342 100.00 4,696,060,000 100.00

10. APPOINTMENT OF DIRECTORSThe following persons were appointed Directors at the Board of Directors meeting held on the 21st December, 2016:

1. Mr. Wim Tappij Gielen

2. Pastor Ituah Ighodalo

3. Mrs. Funke AlomoOluwa

4. Mrs. Mayowa Olaniyan

Subject to ratification at the Annual General meeting in accordance with the provisions of CAMA.


11. STATEMENT OF DIRECTORS’ RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016In accordance with the provisions of the Companies and Allied Matters Act of Nigeria, the Directors are responsible for the preparation of financial statements, which give a true and fair view of the state of affairs of the Company and of the profit or loss for that year. In so doing, the Directors are required to ensure that:

a) Proper accounting records are maintained which disclose with reasonable accuracy the financial position of the Company and which ensures the financial statements comply with the requirements of the Companies and Allied Matters Act.

b) Applicable accounting standards are followed.

c) Suitable accounting policies are adopted and consistently applied.

d) Judgments and estimates made are reasonable and prudent.

e) The going concern basis is used, unless it is inappropriate to presume that the Company will continue in business.

f) Internal control procedures are instituted which, as far as is reasonably possible, safeguard the assets of the Company and prevent and detect fraud and other irregularities.

12. DONATIONS AND CHARITABLE GIFTS The Company identifies with the aspirations of the community as well as the environment within which it operates and made voluntary donations to various charitable organizations and other institutions in the country. No donation was made to any political organization.

13. EMPLOYMENT AND EMPLOYEESa. Employment of physically challenged persons

The Company has a non-discriminatory policy on recruitment. Applications would always be welcomed from suitably qualified disabled persons and are reviewed strictly on qualification. The Company’s policy is that the highest qualified and most experienced persons are recruited for appropriate job levels irrespective of an applicant’s state of origin, ethnicity, religion or physical condition.

b. Health, safety and welfare of employeesHealth and safety regulations are in force within the Company’s premises and employees are aware of existing regulations. The Company provides subsidies to all level of employees for medical expenses, transportation, housing, lunch etc.

c. Employees involvement and training The Company is committed to keeping employees fully informed as much as possible regarding the Company’s performance and progress and seeking their opinion where practicable on matters, which particularly affects them as employees.

Training is carried out at various levels through both in-house and external courses. Incentive schemes designed to encourage the involvement of employees in the Company’s performance are implemented whenever appropriate.

14. POST BALANCE SHEET EVENTS There were no post balance sheet events which could have had a material effect on the state of affairs of the Company as at 31 December 2016 or the loss for the year ended on that date, which have not been adequately provided for or disclosed.



15. COMPLIANCE WITH THE CODE OF CORPORATE GOVERNANCEChams Plc continuously strives to comply with global standards of corporate governance. The Company has separated the posts of Managing Director and Chairman and the Chairman is not involved in the day-to-day running of the Company. This is geared towards avoiding the concentration of too much power in a single individual.

The Board as a whole is comprised of a number of sub-Committees amongst which are Audit, Finance and Appointment, Performance and Governance Committees. The Board is also comprised of high profile non-executive members serving in various capacities at the sub-Committees mentioned above and involved in setting the emoluments of the Managing Director and other Directors of the Company. The non-executive directors are appointed for a fixed period and have to be re-elected by the shareholders at an AGM. The Company is committed to full disclosure and transparency in providing information to all stakeholders because of its belief that this is the most important driving force in any good governance process.

16. BOARD FINANCE COMMITTEEThe Committee acts on behalf of the Board on matters relating to Financial Management. It reviews the Budget and Audited Accounts and is responsible for providing useful advice to the Company’s management team as and when required.

The members are as follows:

NAME STATUS

1. Dr Evans Woherem Chairman

2. Mr Demola Aladekomo Member

3. Dr. ‘Dere Awosika Member

4. Prof Shehu Usman Abdullahi Member

17. AUDIT COMMITTEEThis is established in accordance with part C of the Code of Corporate Governance. It comprises dedicated individuals with proven integrity that have a thorough understanding of the Company’s business affairs including the associated risks and controls put in place to mitigate those risks. The Company Secretary is the secretary of the Committee and they meet regularly. The members are as follows:

NAME STATUS

1. Mr. Onochie Emmanuel Chairman

2 Mr. Igbrude Moses Member

3 Mr. Doyin Owolabi Member

4 Dr. ‘Dere Awosika Member

5 Dr. Evans Woherem Member



18. APPOINTMENTS, PROMOTIONS AND GOVERNANCE COMMITTEEThis Committee is responsible for defining and assessing the qualifications for Board of Director membership and identifying qualified individuals, responsible for assisting the Board organize itself in the discharge of its duties and responsibilities properly and effectively, ensuring proper attention and effective response to shareholders concerns regarding corporate governance, assisting the Board in the fulfilment of its oversight responsibility for the Group’s broad enterprise risk management program in connection with the Groups governance structures

NAME STATUS

1 Prof. Oyewusi Ibidapo-Obe CHAIRMAN

2 Prof. Abdullahi Shehu Member

3 Demola Aladekomo Member

19. BOARD MEETINGThe Board and its Committees met as follows:

BOARD/ COMMITTEE MEETING NO OF MEETINGS

1 Board of Directors 4

2 Chams Plc Audit Committee 4

3 Board Appointments, Promotions and Governance Committee 3

4 Board Finance Committee 4

5 Innovation, Marketing and Technology Committee 2

20. ATTENDANCE AT BOARD MEETINGS FOR THE YEAR ENDED 31ST DECEMBER 2016DIRECTOR NO OF MEETINGS ATTENDANCE

1 The Very Reverend Ayo Richards 4 4

2 Prof Shehu Abdullahi 4 4

3 Dr Evans Woherem 4 3

4 Mr. ‘Demola Aladekomo 4 4

5 Mr. Femi Williams 4 4

6 Dr. ‘Dere Awosika 4 4

7 Prof. Oyewusi Ibidapo-Obe 4 3

21. AUDITORSBDO Professional Services have indicated their willingness to continue in office. In accordance with Section 357(2) of the Company and Allied Matters Act of Nigeria, a resolution will be proposed at the Annual General Meeting to authorize the Directors to fix their remuneration.





Board of Directors' Profile

T H E V E RY R E V D. AYO D E J I R I C H A R D S

The Very Revd. Richards is an associate of the Chartered Institute of Bankers of Nigeria (CIBN) and the Institute of Chartered Accountants of Nigeria (ICAN). He has over 25 years experience in the banking sector and has contributed immensely to the sector’s successes owing to his wealth of experience and prestigious positions held over the years.

He was the Managing Director of (GTB) Guaranty Trust Bank (Gambia), Deputy General Manager of Access Bank and the Pioneer Chief Executive Officer of Stallion Home Savings & Loan Ltd to mention a few.

The Very Reverend Richards is the Managing Consultant of Shepherds Consult Limited – a firm with specialty in corporate restructuring, tax consultancy, financial training and Change Management.

He has a passion for reading, and has published several Christian literature some of which are “The hand that gives”, “In his vineyard”, “Resist the devil” etc.

M R. F E M I W I L L I A M S

Sunday Olufemi Williams is known for his very hands-on and versed IT skills. Olufemi started his career at Chams as a Youth Corps Member in 1989 and rose through the ranks to become the Deputy Managing Director in 2012, a position he held till September 2015 when he was appointed by the Board of Directors as the Group Managing Director of the Chams group, having served on the Chams PLC board as non- executive director for over 15 years.

Femi obtained a Bachelor’s degree in Electronics & Electrical Engineering from the University of Ife in 1989 as well as a Masters of Business Administration (MBA) degree from Abubakar Tafawa Balewa University, Bauchi. He is an alumnus of the prestigious Massachusetts Institute of Technology (MIT), United State of America. He is also an alumnus of the Lagos Business School, where he successfully completed the Chief Executive and the International Management Programme.

Over the last 25 years, Olufemi Williams has made immense contributions to Chams PLC and the IT industry. He led the Chams technical team

in many of its pioneer technology solutions in Nigeria and he also led the Chams team on the bid and implementation of the novel Bank Verification Number (BVN) project.

He is a fellow of the Nigeria Computer Society (NCS) and the Institute of Credit Administration (ICA). Olufemi is also a member of the Computer Professionals (Registration Council) of Nigeria (CPN),the Nigerian Society of Engineers (NSE), Ikoyi Club and Metropolitan Club.


D R. E VA N S WO H E R E M

Dr. Evans Woherem is a renowned industry player with clout and he brings this requisite experience and expertise to the Chams Board as a director.

Dr Woherem worked for Lloyd’s Register, London, as a Knowledge Engineer and rising to the position of a Senior Consultant (Software Engineering) and Manager, Continuous Process Improvement, ABSA Bank, South Africa, as a Senior Consultant and Group Head, Business Architecture, FSB International Bank Plc, as a General Manager, First Bank of Nigeria Plc, as an Executive Director, First Interstate Bank, as Deputy Managing Director and Unity Bank Plc, as Group Executive Director.

He was the pioneer Chairman, Interswitch Nig. Ltd., Director, NIBSS (Nigerian Interbank Settlement Systems), Director, Northlink Insurance Brokers and Chairman, Pelican Printers, a subsidiary of Unity Bank Plc.

He holds the AMP of Harvard Business School, a PhD in Expert Systems from the University of Manchester, an MA (Econ.) from the University of Manchester, an M.Sc in Cognition, Computing and Psychology from the University of Warwick, England, and a B.Sc in Behavioural Science from the University of La Verne, California.

Dr Woherem is the author of two key books on Information Technology and has published numerous academic papers in International Journals and Conference Proceedings. He is regarded internationally as a leading authority on Information Technology in Africa. He is a Fellow of the Institute of Credit Administration of Nigeria, an Honourary Senior Member of the Chartered Institute of Bankers (CIBN).

S I R. D E M O L A A L A D E KO M O

Demola Aladekomo is the Founder CHAMS Group and a Non-Executive Director of Chams Plc. He started CHAMS in 1985 as the first indigenous computer maintenance company in Nigeria.

Over the years, the company has pioneered many new technologies and provided intelligent solutions to a wide range of public and private initiatives. Some of his achievements in the field of IT practice include the first wide-area-network on PCs in Nigeria, the first company to venture into card technologies in Nigeria and the Guinness Book of Records recognition for Chams City Innovation.

With a commitment and passion to provide solutions that leads to the enhancement of the living standards of the Nigerian people, he led the team that won the concession on the Identity Management Program in Nigeria among other trail blazing efforts in Nigeria.

Ademola is acknowledged as the brain behind the success of the first e-payment card in Nigeria birthed by the Valucard project working with a consortium of 5 indigenous Banks. Demola was also part of the first Chief Executive Program at the Lagos Business School (LBS) and served as the President of the Lagos Business School Alumni Association (LBSAA) in 2012 – 2014. He also served President of the Nigeria Computer Society in 2012. He is a Fellow of the Nigeria Computer Society (FNCS), a member of the Nigerian Society of Engineers (NSE) and a fellow of the Computer Professionals (Registration Council) (FCPN). He is the Founder and Chairman, Board of Trustees: Volunteer Corps, a non-governmental organisation committed to professional volunteerism for public school education. Demola also served as the Vice Chairman of the Board of Trustees of SmartCard Society of Nigeria.

He retired as the Group Managing Director of Chams Group in 2015.

B O A R D O F D I R E C T O R S ' P R O F I L E



D R. (M R S) A J O R I T S E D E R E AWO S I K A

Dr. Awosika is a technocrat with extensive and meritorious public and private sector experience. She brings her wealth of experience at executive and boardroom levels in technology, power and banking sectors to bear on the business of Chams Plc.

Dr. Awosika was the pioneer National Coordinator/Chief Executive of the National Programme on Immunization; Director (Parastatals) in the Office of the Head of the Civil Service of the Federation; Director (Department of Community Relations & Youth Development) in the Ministry of Niger Delta Affairs; Permanent Secretary, Ministry of Interior; Permanent Secretary, Career Management Office, in the Office of the Head of the Civil Service of the Federation; and Permanent Secretary, Federal Ministry of Science & Technology. She retired from the Federal Civil service as the Permanent Secretary, Ministry of Power in January 2013. She presently serves as a non-executive independent director of Access Bank PLC and also sits on the board of Adekunle Ajasin University, Ondo State and Capital Insurance Nig Ltd.

P R O F OY E I B I DA P O O B E

Prof Obe, attended Ilesa Grammar School and Igbobi College 1962-1968 and the University of Lagos from 1968-1971 where he obtained a B.Sc. Hons in Mathematics (First Class) in 1971. He also obtained M.Sc. in Applied Mathematics with a minor in Computer Science in 1973 and a Doctor of Philosophy (PhD) in Civil Engineering with specialisation in Applied Mechanics/Systems in 1976 both from the University of Waterloo, Ontario, Canada.

Prof. Obe was a Commonwealth Scholar (Canada) (1972-1976); an NSERC/CIDA (Natural Sciences and Engineering Research Council/Canadian International Development Agency) and a Senior Fulbright Research Scholar (1980 – 1981). He served the University of Lagos from 1 October 1972 as a Graduate Assistant through 1976 as Lecturer Grade II till 1983 as Professor. He also served as head of Engineering Analysis Unit (1991 – 1995) and the Dean of the Faculty of Engineering at the University (1995-1999).

In April 2000, Prof Obe was appointed deputy vice-chancellor of the University of Lagos and later became the vice-chancellor by May 1, 2002. He was the chairman of the Committee of Vice Chancellors of Nigerian Universities and was awarded the Best Vice Chancellor’s Prize (2004 and 2005) for the Nigerian University System (NUS). Prof Obe is president of the Nigerian Academy of Science and is the current Vice-chancellor of the Federal University Ndufu Alike, Ikwo( FUNAI), Ebonyi State. He has published extensively in reputable international journals and has written and delivered numerous academic, social, advocacy, papers since his appointment as professor.



P R O F E S S O R S H E H U A B U D U L L A H I

Professor Shehu Abudullahi is a former vice chancellor of Ahmadu Bello University. Abdullahi is an alumnus of the National Institute for policy and strategic studies as well as of the Nigerian Defence Academy, where he served as Academic Provost. He is an old student of the famous Barewa College, Kaduna.

Prof Shehu Abdullahi was appointed President, African Strategic and Peace Research Group (Nigerian Chapter NGO) from 2000 to 2004, Clinical Consultant National Agricultural Land Development Authority (NALDA), the presidency, Federal Republic of Nigeria from 1992 – 1993, he wrote and broadcast a 10 hour Hausa Radio Programme on Animal disease for centre for adult education and extension services of Ahmadu Bello University, Zaria in 1978.

Prof Shehu Adullahi has produced 2 theses/projects, 39 journal articles, 7 textbook contributions, 27 conferences/seminar/workshop papers and 9 commissioned reports, making a total of 84 publications.

PAS TO R I T UA H I G H O DA L O

Pastor Ituah Ighodalo is a Pastor, an Accountant, a Thinker, a Social Reformer and a Writer. He obtained a B.Sc combined honours degree in Economics and Accounting in 1982 from the University of Hull, England, qualified as a Chartered Accountant in July 1986 and attended a Business Management Course at the Harvard Business School, Boston in 2011.

Pastor Ituah is a Fellow of the Institute of Chartered Accountants of Nigeria, a fellow of the Chartered Institute of Taxation Nigeria, member of the Nigerian Institute of Management, member American Society of Industrial Security and member, American Institute of Management.

He sits on the board of several corporate, charitable organizations and NGOS as Chairman and Director, they include, FAMAD Nig. Plc., FINATRUST MFB, The Clinix Diagnostic Center, NSIA Insurance, Standard Bearers School, the Courage Education Foundation, Edensfield Health Initiative, ELPIS Mental Health Initiative, Heritage Homes, and others. He is the Publisher/Editor-in-Chief of the TIMELESS Media Group, Chairman, Trinity Media and Films, Celebr8 Music Festival and producer Courage Center TV series. He has written and published several articles, papers and books.

Pastor Ituah has sat on various government panels’ (State and Federal), and has been an adviser/consultant to government at different levels. He is on the Council of the Nigerian British Chamber of Commerce and the Nigeria Employers Consultative Association. He is the Pastor-in-Charge, Trinity House.


M R. W I M TA P P I J G I E L E N

Wim started his career in developing of card related solutions for the banking, retail and health care industry in 1969 and with the growth of the card industry, ID related projects became a key element of his day to day business. He is one of the pioneers in the card industry in the Netherland.

Joining DeLarue in 1981, he later became MD with the responsibilities of managing their card production facilities in The Netherlands and Germany, the personalisation bureaus in The Netherlands and Belgium and the development of security features for the ID division. With the expertise in various national ID projects, he contributed to many of the global Government ID projects DeLaRue was involved in.

Wim later joined Datacard in 1989 as Regional Vice President Europe Middle-East, India and Africa. In addition to this, he also led the development of secure ID and Passport personalisation solutions.

Under his leadership, Datacard has established a major position in secure ID and Passport solutions. In 2005 he became the Senior Vice President Global Sales and service, and in 2009 he took on the Global responsibility for Government

Business Development as Senior Vice President, a position he held until

his retirement from Entrust Datacard in 2015.

Currently, Wim acts as an independent consultant and board member of international organisations in the secure ID industry.

M R S. F U N K E A L O M OO L U WA

Prior to her appointment, Funke AlomoOluwa is the current Managing Director of ChamsAccess Limited, a subsidiary of Chams PLC.

A seasoned business executive spanning over 19 years in both the Financial and ICT sectors, with a proven track record of successfully guiding major expansion efforts, turnarounds, strategic partnerships and transactions at both public and private Sectors.

Funke was the Deputy Project Manager and Chief Installation Officer of the bank verification number (BVN) project initiated by the Central Bank of Nigeria (CBN) and the Banker’s Committee to implement the customer identification and verification project of banks in Nigeria- the largest KYC project in Africa. Her change implementation strategies have helped ChamsAccess and the Group towards market leadership and growth. An alumnus of IESE Business School, Barcelona Spain and Lagos Business School Executive MBA programme. A fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Funke holds a degree in Computer Science and Economics (combined honors) from the Obafemi Awolowo University, Ile-Ife. She is a member of the Nigeria Computer Society (NCS), member of the Institute of Directors (IOD) and an associate member of Women in Business (WIMBIZ).



M R S. M AYOWA O L A N I YA N

Mayowa Olaniyan is an astute business executive with strong managerial skills. Until her appointment, Mayowa holds the office of the Chief Strategist and Financial Officer for the Chams Group. A resilient administrator with extensive hands-on experience in business development and management, business leadership having to work with the Board of directors, regulatory authorities and other key stakeholders to ensure achievement of company objectives.

Over the years, she has established record of successes by significantly growing business value and maximizing profits through internal control and efficiency. Mayowa led the implementation of one of Chams PLC’s most successful public private partnership project, deriving costs optimization for the partnering state government and in turn achieving increased earnings for the company.

A chartered accountant of repute, a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and Association of Chartered Certified Accountants (ACCA), global body for professional Accountants. She holds an MBA from Edinburgh Business School, UK, and a post graduate degree from Oxford Brooks University, UK. She is an alumna of the prestigious NANYANG Technology University, Singapore and Pan Atlantic University (Lagos Business School).

Mayowa Olaniyan serves on the board of several organizations within the Chams group and other organizations.


Projects & Events

OSUN RESIDENCY PROJECT

Data capture of residents of Osun State for issuance of state residency ID.


DONATION OF ALL-IN-ONE APPLE PCs TO OBELE COMMUNITY HIGH SCHOOL

in the course of the year, Chams PLC donated 5 units of all-in-one Apple PCs to Obele Community High School as part of her Corporate Social Responsibility and its contribution to the development of ICT in the state.

KCOBA (KINGS COLLEGE OLD BOYS ASSOCIATION) MEMBERSHIP SOLUTION MOBILE APP LAUNCH

The official launch of the KCOBA Members Mobile Application developed by Chams Membership Solution. First to register on the application is the Senate President, Bukola Saraki

P R O J E C T S & E V E N T S


P R O J E C T S & E V E N T S

BUSINESS VISIT TO COMPUTER VILLAGE, IKEJA

Visit to the renowned Computer Village, Otigba, Ikeja Lagos which is one of Africa’s largest ICT market.


Report of the Audit Committee

TO THE MEMBERS OF CHAMS PLC AND ITS SUBSIDIARIESIn accordance with the provision of section 359(6) of the Companies and Allied Matters Act Cap C20 Laws of the Federation of Nigeria, 2004, we have reviewed the audited financial statements of the Company for the year ended 31st December 2016 and report as follows:

a) The accounting and reporting policies of the Company are consistent with legal requirements and agreed ethical practices

b) The scope and planning of the external audit was adequate

c) The Company maintained effective systems of accounting and internal control during the year

d) We are satisfied with the external auditor's findings and recommendations on management letter and management responses thereon.

Dated this 21st Day of March 2017

Mr. Adedoyin OwolabiFor: Chairman Audit Committee FRC/2013/ICAN/00000000101

MEMBERS OF THE AUDIT COMMITTEE

• Mr. Emmanuel Onochie -Chairman • Mr. Moses Igbrude - Member • Mr. Doyin Owolabi - Member • Dr. Evans Woherem - Member • Dr. Mrs. Ajoritsedere Awosika - Member


Independent Auditors Report to the Shareholders of Chams Plc and its Subsidiary Companies

R E P O R T O N T H E A U D I T O F T H E F I N A N C I A L S T A T E M E N T S

O P I N I O N

We have audited the accompanying financial statements of Chams Plc and its subsidiary Companies (‘together the Group’) for the financial year ended 31 December 2016, which comprises the consolidated and separate statement of financial position, consolidated and separate statement of profit or loss and other comprehensive income, consolidated and separate statement of changes in equity, consolidated and separate statement of cash flows for the year then ended, and notes to the consolidated and separate financial statements which include the significant accounting policies and other explanatory notes

In our opinion the accompanying financial statements give a true and fair view of the Group and the Company’s financial position as at 31 December 2016 and of its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards issued by the International Accounting and Assurance Standards Board, and in compliance with the relevant provisions of the Financial Reporting Council of Nigeria, Act No 6, 2011 and the Companies and Allied Matters Act, CAP C20, LFN 2004.

B AS I S F O R O P I N I O N

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements attached as an appendix to our report. We are independent of the Company and its subsidiaries in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants together with the ethical requirements that are relevant to our audit of the financial statements in Nigeria, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the International Ethics Standards Board Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion

K E Y AU D I T M AT T E R S

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

ADOL House15 CIPM AvenueCentral Business DistrictAlausa, IkejaP. O. Box 4929, GPO, MarinaLagos, Nigeria

Tel: +234 1 4483050-9www.bdo-ng.com

BDO Professional Services, a firm of Chartered Accountants registered in Nigeria, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.

Partners: Sanni A. Dosunmu, E. Olaseinde Olabisi, Olugbemiga A. Akibayo, Kamar Salami, Tokunbo L. Oluyemi, Henry B. OmodigboBN: 170585

R E V E N U E R E COG N I T I O N

Risk

The Company’s revenue is recognised in phases depending on the milestones agreed. Under ISA 240 (the auditor's responsibilities relating to fraud in an audit of financial statements) there is a presumed risk that revenue may be misstated due to the improper recognition.

Response

For every completed job, the customer as well as the project manager are made to sign off the project as completed. This will form the basis of revenue recognition. In addition:

• Vouched revenue recorded in ledger to sales invoices raised

• Vouched sales invoices to supporting documentation such as contract/award letter, ensuring contract is duly signed.

• Ascertained revenue recognition criteria and policy are consistently applied

• Test completeness of revenue throughout the year by tracing delivery notes, waybills etc to the ledger

ACCO U N T S R E C E I VA B L E

Risk

In order to ensure the recoverability of accounts receivable and considering the age analysis of receivables, we have considered the accounts receivable a significant risk of material misstatement.

Response

“Obtained a year end aged trade receivables report”

Test the reliability of the ageing analysis by:

• Reviewing ageing of trade receivables and follow up all items greater than 365 days old and ensure recoverable or appropriately included in the schedule of trade receivables allowances.

• In making provision for doubtful balances, made reference to the Company’s policy and

a) Checked if all necessary balances were included in allowance for doubtful debts

b) Checked whether allowance is required by reference to:

i) payment history

ii) Subsequent to year end receipts

iii) customers correspondences

• Reviewed job completed forms and the award letters and considered whether these have been accounted for in the correct period.

• Obtained status report from Project Management Office and ensured receivables are booked in accordance with the milestones reached

• Reviewed material journals throughout the year and all journals raised after the year end.

• Select samples of trade receivables balances on the receivables ledger and traced invoices from the ledger to supporting documents

Requested for customers to confirm direct to BDO:

- The year end balance

- Details of the reconciling items if in disagreement

OTHER INFORMATION

Management is responsible for the other information. The other information comprises the information included in the Chairman’s and Directors’ statements, but does not include the financial statements and our auditors report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If based on the work we have performed, we conclude that there is a material misstatement of this information, we are required to report that fact, we have nothing to report in this regard.

R E S P O N S I B I L I T I E S O F D I R E C TO R S F O R T H E F I N A N C I A L S TAT E M E N T S

The Directors are responsible for the preparation and fair presentation of the financial statements in accordance with International Financial Reporting Standards issued by the International Accounting and Assurance Standards Board, and in compliance with the relevant provisions of the Financial Reporting Council of Nigeria Act, No 6, 2011 and the Companies and Allied Matters Act, CAP C20 LFN 2004, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company and its subsidiaries’ ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

AU D I TO R’S R E S P O N S I B I L I T I E S F O R T H E AU D I T O F T H E F I N A N C I A L S TAT E M E N T S

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located in an appendix to this report. This description forms part of our audit report.

R E P O R T O N OT H E R L E G A L R E Q U I R E M E N T S

The Companies and Allied Matters Act, CAP C20, LFN, 2004 requires that in carrying out our audit we consider and report to you on the following matters. We confirm that:

i) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit

ii) in our opinion, proper books of account have been kept by the Group and the Company, and

iii) the Group’s and Company’s statement of financial position, and its statement of profit or loss and other comprehensive income are in agreement with the books of account.

Lagos, Nigeria Olugbemiga A. Akibayo24 March, 2017 FRC/2013/ICAN/00000001076

For: BDO Professional ServicesChartered Accountants

Details of Auditors responsibilities for the audit of the financial statementsAs part of an audit in accordance with International Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of Management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such dislousres are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, and significant audit findings and any significant deficiencies in internal control that we identify during our audit.

A P P E N D I X


CHAMS PLC AND ITS SUBSIDIARY COMPANIES

Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income F O R T H E Y E A R E N D E D 31 D E C E M B E R 2016

GROUP COMPANY

NOTES 2016 2015 2016 2015

N’000 N’000 N’000 N’000

Revenue 7 1,482,037 1,610,478 641,435 914,929

Cost of sales 8 (788,580) (1,221,521) (273,689) (757,571)

Gross profit 693,457 388,957 367,746 157,358

Other operating income 9 407,161 158,260 397,450 176,179

Administrative expenses (2,558,295) (3,778,776) (2,623,514) (2,694,774)

Loss from operations (1,457,677) (3,231,559) (1,858,318) (2,361,237)

Finance expenses 10 (15,909) (161,512) (15,520) (155,538)

Finance income 10 1,669 51 - -

Net finance expenses (14,240) (161,461) (15,520) (155,538)

Loss before taxation (1,471,917) (3,393,020) (1,873,838) (2,516,775)

Tax expense 20(a) (46,696) (12,296) (34,595) (2,399)

Loss for the year after taxation (1,518,613) (3,405,316) (1,908,433) (2,519,174)

Other comprehensive income:

Item that will not be reclassified to profit or loss:

Item that may be reclassified to profit or loss - - - -

Total other comprehensive income net of tax - - - -

Total Comprehensive loss (1,518,613) (3,405,316) (1,908,433) (2,519,174)

Loss attributable to non controlling interest (89,903) (153,619) - -

Loss attributable to Parent (1,428,710) (3,251,697) (1,908,433) (2,519,174)

Loss for the year after taxation (1,518,613) (3,405,316) (1,908,433) (2,519,174)

Total comprehensive loss attributable to:

Owners of the parent (1,428,710) (3,251,697) (1,908,433) (2,519,174)

Non-controlling interest (89,903) (153,619) - -

Total comprehensive loss (1,518,613) (3,405,316) (1,908,433) (2,519,174)

Basic loss per share (Kobo) 11 (25)k (69)k (39)k (54)k

Diluted loss per share (Kobo) 11 (30)k (69)k (39)k (54)k

The accompanying notes to the financial statements on pages 43 to 82 and other national disclosures on pages 83 and 84 form part of these financial statements.

Auditors’ report, pages 33 to 37



Consolidated and Separate Statement of Financial Position F O R T H E Y E A R E N D E D 31 D E C E M B E R 2016

GROUP COMPANYASSETS NOTES 2016 2015 2016 2015Non-current assets N’000 N’000 N’000 N’000Property, plant and equipment 12 2,936,146 3,106,027 2,262,419 2,028,172 Investment project 13 - 224,048 - 224,048 Intangible assets 14 157,140 84,641 75,652 83,302 Investment in subsidiaries 15(f) - - 1,845,985 1,845,985 Available for sale financial assets 17 100,000 100,000 100,000 100,000 Deferred tax asset 20(c) - 285,051 - 285,051 Deposit for investments 17(i) - - 1,207,092 -

3,193,286 3,799,767 5,491,148 4,566,558 Current assetsInventories 18 287,582 1,057,726 99,662 335,127 Trade and other receivables 19 2,369,241 3,545,431 2,198,220 5,831,777 Cash and cash equivalents 28 183,327 157,445 122,022 99,930

2,840,150 4,760,602 2,419,904 6,266,834 Total assets 6,033,436 8,560,369 7,911,052 10,833,392 LIABILITIESNon-current liabilitiesDeferred tax liability 20(c) - - - - Current liabilitiesTrade and other payables 21 3,289,812 4,005,028 2,113,369 2,830,387 Loans and borrowings 22 226,194 553,358 97,447 427,931 Corporate tax liability 20(e) 681,689 647,631 624,013 590,418

4,197,695 5,206,017 2,834,829 3,848,736 Total liabilities 4,197,695 5,206,017 2,834,829 3,848,736 Net assets 1,835,741 3,354,352 5,076,223 6,984,656 Issued capital and reserves attributable to owners of the parentShare capital 24 2,348,030 2,348,030 2,348,030 2,348,030 Share premium 25(i) 5,458,750 5,458,750 5,458,750 5,458,750 Capital reserve 26 145,522 145,522 - - Revaluation reserve 25(ii) 959,065 959,065 959,065 959,065 Retained earnings 25(iii) (6,429,119) (5,000,410) (3,689,622) (1,781,189)

2,482,248 3,910,957 5,076,223 6,984,656 Non-controlling interest 27 (646,507) (556,605) - - Total equity 1,835,741 3,354,352 5,076,223 6,984,656

The financial statements and notes on pages 33 to 84 were approved by the Board of Directors on 23 March, 2017 and signed on its behalf by:

Very Rev. Ayodeji Richards Olufemi S. Williams Mayowa OlaniyanChairman Managing Director Chief Financial OfficerFRC/2013/ICAN/00000004386 FRC/2013/NSE/00000004337 FRC/2013/ICAN/00000004330





Consolidated and Separate Statement of Changes in Equity F O R T H E Y E A R E N D E D 31 D E C E M B E R 2016

GROUP S

HA

RE

CA

PITA

L

SH

AR

E PR

EMIU

M

REV

ALU

ATIO

N

RES

ERVE

CA

PITA

L R

ESER

VE

RET

AIN

ED

EAR

NIN

GS

TO

TAL

ATTR

IBU

TAB

LE T

O

EQU

ITY

HO

LDER

S O

F PA

REN

T

NO

N-

CO

NTR

OLL

ING

IN

TER

EST

TO

TAL

EQU

ITY

N’000 N’000 N’000 N’000 N’000 N’000 N’000 N’000

1 January 2016 2,348,030 5,458,750 959,065 145,522 (5,000,410) 3,910,957 (556,605) 3,354,352

Loss for the year - - - - (1,428,710) (1,428,710) (89,903) (1,518,613)

Other comprehensive Income - - - - - - -

Total comprehensive income - - - - (1,428,710) (1,428,710) (89,903) (1,518,613)

Transaction with owners recorded directly in equity

- - - - - - - -

31 December 2016 2,348,030 5,458,750 959,065 145,522 (6,429,119) (2,482,298) (646,508) (1,835,739)

SH

AR

E CA

PITA

L

SH

AR

E PR

EMIU

M

REV

ALU

ATIO

N

RES

ERVE

CA

PITA

L R

ESER

VE

RET

AIN

ED

EAR

NIN

GS

TO

TAL

ATTR

IBU

TAB

LE T

O

EQU

ITY

HO

LDER

S O

F PA

REN

T

NO

N-C

ON

TRO

LLIN

G

INTE

RES

T

TO

TAL

EQU

ITY

N’000 N’000 N’000 N’000 N’000 N’000 N’000

1 January 2015 2,348,030 5,458,750 959,065 145,522 (1,654,792) 7,256,575 (402,987) 6,853,588

Loss for the year - - - - (3,251,697) (3,251,697) (153,619) (3,405,316)

Other comprehensive Income - - - - - - - -

Total comprehensive loss - - - - (3,251,697) (3,251,697) (153,619) (3,405,316)

Transaction with owners recorded directly in equity

- - - - - - -

Dividend (93,921) (93,921) - (93,921)

31 December 2015 2,348,030 5,458,750 959,065 145,522 (5,000,410) 3,910,957 (556,605) 3,354,352





Consolidated and Separate Statement of Changes in Equity F O R T H E Y E A R E N D E D 31 D E C E M B E R 2016

COMPANY

SH

AR

E C

API

TAL

SHA

RE

PREM

IUM

REV

ALU

ATIO

N

RES

ERVE

RET

AIN

ED

EAR

NIN

GS

TOTA

L EQ

UIT

Y

N’000 N’000 N’000 N’000 N’000

1 January 2016 2,348,030 5,458,750 959,065 (1,781,189) 6,984,656

Loss for the year - - - (1,908,433) (1,908,433)

Other comprehensive income, net of tax

- - - -

Total comprehensive income - - - (1,908,433) (1,908,433)

Transaction with owners and recorded directly in equity

- - - - -

Dividend paid - - - - -

31 December 2016 2,348,030 5,458,750 959,065 (3,689,622) 5,076,223

SH

AR

E C

API

TAL

SH

AR

E PR

EMIU

M

REV

ALU

ATIO

N

RES

ERVE

RET

AIN

ED

EAR

NIN

GS

TO

TAL

EQU

ITY

N’000 N’000 N’000 N’000 N’000

1 January 2015 2,348,030 5,458,750 959,065 831,906 9,597,751

Loss for the year - - - (2,519,174) (2,519,174)

Other comprehensive income, net of tax

- - - - -

Total comprehensive income - - - (2,519,174) (2,519,174)

Transaction with owners and recorded directly in equity

- - - - -

Dividend paid (93,921) (93,921)

31 December 2015 2,348,030 5,458,750 959,065 (1,781,189) 6,984,656





Consolidated and Separate Statement of Cash Flows F O R T H E Y E A R E N D E D 31 D E C E M B E R 2016

GROUP COMPANY

2016 2015 2016 2015

NOTES N’000 N’000 N’000 N’000

Loss after taxation (1,518,613) (3,405,316) (1,908,433) (2,519,174)

Adjustments for:

Loss on sale of property, plant and equipment - 1,297 - 1,297

Gain on sale of property, plant and equipment 9 - (350) - -

Finance costs 10 15,909 161,512 15,520 155,538

Finance income 10 (1,669) (51) - -

Tax expense 20(a) 46,695 12,296 34,595 2,399

Depreciation 12(a) 202,005 249,477 109,933 76,570

Amortisation of intangible assets 14(a) 20,296 30,444 7,650 7,650

Impairment allowance for Investment project 177,832 - 177,832 -

Transfer of investment project - - 47,086 -

Transfer of property plant and equipment - - (324,630) -

Loss on asset written off 1,722 - 1,573 -

Changes in assets and liabilities:Decrease in inventories 770,145 406,622 235,465 38,254

Decrease in trade and other receivables 1,461,241 2,825,025 3,918,608 2,675,161

Decrease in trade and other payables (715,216) (89,008) (717,018) (124,684)

460,348 191,948 1,598,180 313,011

Tax paid (12,637) (12,000) (1,000) (12,000)

Net cash generated from operating activities 447,711 179,948 1,597,180 301,011

Cash flows from investing activities

Purchase of property, plant and equipment 12(a) (33,847) (25,471) (21,122) (13,279)

Additions to investment projects 13 (870) (73,013) (870) (73,013)

Purchase of intangible assets 14(a) (92,795) (10,470) - -

Project investment transferred 47,086 - -

Proceeds from sale of property, plant and equipment - 27,959 - 27,200

Finance income 10 1,669 51 - -

Deposit for investments 17(i) - - (1,207,092) -

Net cash used in investing activities (78,757) (80,944) (1,229,084) (59,092)

Cash flows from financing activities

Finance expenses 10 (15,909) (161,512) (15,520) (155,538)

Dividend - (93,921) - (93,921)

Net cash provided by financing activities (15,909) (255,433) (15,520) (249,459)

Net increase/(decrease) in cash and cash equivalents 353,045 (156,429) 352,576 (7,540)

Cash and cash equivalents at the beginning of the year (395,913) (239,484) (328,001) (320,461)

Cash and cash equivalents at the end of the year 28 (42,867) (395,913) 24,575 (328,001)




CHAMS PLC AND ITS SUBSIDIARY COMPANIESFINANCIAL STATEMENTS, 31 DECEMBER 2016

Notes to The Financial Statements1. HISTORY OF THE COMPANY AND NATURE OF OPERATIONS

Chams Plc (The Company) was incorporated as a limited liability Company on 10 September 1985 and became a public Company on 4 September 2008. The Company was listed on the floor of the Nigerian Stock Exchange on 8 September 2008. The principal activities of Chams Plc and its subsidiaries (the Group) include identity management, payment collections and transactional systems. The Company’s registered office is located at 8, Louis Solomon Close, Victoria Island, Lagos.

2. BASIS OF PREPARATION

a. Summary of significant accounting policies

The principal accounting policies adopted in the preparation of the consolidated financial statements are set out in note 5. The policies have been consistently applied to all the years presented, unless otherwise stated.

b. Statement of compliance

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting and Assurance Standards Board (IAASB) and interpretations issued by the International Financial Reporting Interpretation Committee (IFRIC) and the requirements of the Companies and Allied Matters Act, CAP C20, LFN, 2004.

c. Basis of measurement

The financial statements were authorised for issue by the Board of Directors on 24 March, 2017.

The consolidated financial statements have been prepared on the historical cost basis except for revalued property, plant and equipment.

d. Functional and presentation currency.

These financial statements are presented in Naira, which is the Group’s functional currency. Amounts are rounded to the nearest thousand, unless otherwise stated.

e. Use of estimates and judgement

The preparation of financial statements in compliance with IFRS requires management to make certain critical accounting estimates. It also requires management to exercise judgement in applying the Group’s accounting policies. Areas where assumptions and estimates are significant to the financial statements are disclosed in Note 4

3. ACCOUNTING STANDARDS ISSUED NOT YET EFFECTIVE

The following new amended accounting standards and interpretations have been issued, but are not mandatory for financial year ended 31 December 2016. They have not been adopted in preparing the financial statements for the financial year ended 31 December 2016 and are expected to affect the Group in the period of initial application. In all cases the Group intends to apply these standards from application date as indicated in the table below.


IFRS REFERENCE

TITLE AND AFFECTED STANDARD(S)

NATURE OF CHANGE APPLICATION DATE

IMPACT ON INITIAL APPLICATION

IFRS 9 (2014) (issued Jul 2014)

Financial Instruments

Classification and measurement

Financial assets will either be measured

• at amortised cost,

• fair value through other comprehensive income (FVTOCI) or

• fair value through profit or loss (FVTPL)

Impairment

The impairment model is a more ‘forward looking’ model in that a credit event no longer has to occur before credit losses are recognised. For financial as-sets measured at amortised cost or fair value through other comprehensive income (FVTOCI), an entity will now always recognise (at a minimum) 12 months of expected losses in profit or loss. Lifetime expect-ed losses will be recognised on these assets when there is a significant increase in credit risk after initial recognition.

Hedging

The new hedge accounting model introduced the following key changes:

• Simplified effectiveness testing, including removal of the 80-125% highly effective threshold

• More items will now qualify for hedge accounting, e.g. pricing components within a non-financial item, and net foreign exchange cash positions

• Entities can hedge account more effectively the exposures that give rise to two risk positions (e.g. interest rate risk and foreign exchange risk, or commodity risk and foreign exchange risk) that are managed by separate derivatives over different periods - less profit or loss volatility when using options, forwards, and foreign currency swaps

• New alternatives available for economic hedges of credit risk and ‘own use’ contracts which will reduce profit or loss volatility.

Annual reporting periods commencing on or after 1 January 2018

The first time application of IFRS 9 will have a wide and potentially very significant impact on the accounting for financial instru-ments. The new im-pairment require-ments are likely to bring significant changes for impair-ment provisions for trade receivables, loans and other financial assets not measured at fair value through profit or loss.

Due to the recent release of this standard, the entity has not yet made a detailed assess-ment of the impact of this standard.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 6


Standards and amendments issued but yet to take effect

IFRS REFERENCE TITLE AND AFFECTEDSTANDARD(S)

NATURE OF CHANGE APPLICATION DATE

IMPACT ON INITIAL APPLICATION

IFRS 15 Issued in May 2014

Revenue from con-tracts with customers

IFRS 15 contains comprehensive guidance for accounting for revenue and will replace existing requirements

which are currently set out in a number of Standards and Interpretations. The standard introduces significantly more disclosures about revenue recognition and it is possible that new and/or modified internal processes will be needed in order to obtain the necessary information. The Standard requires revenue recognised by an entity to depict the transfer of prom-ised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This core principle is delivered in a five- step model framework: (i) Identify the contract(s) with a customer (ii)Identify the performance obligations in the contract (iii)Determine the transaction price (iv)Allocate the transaction price to the performance obligations in the contract (v)Recognise revenue when (or as) the entity satisfies a performance obligation.

1 January 2018 The Board is currently reviewing the impact the standard may have on the preparation and presen-tation of the financial statements when the standard is adopted. Con-sideration will be given to the following: (i)At what point in time the company recognises revenue from eachcontract whether at a single point in time or over a period of time; (ii) wheth-er the contract needs to be ‘unbundled’ into two or morecomponents; (iii)how should contracts which include variable amounts of consideration be dealt with; (iv)what adjustments are required for the effects of the time value of mon-ey; (v) what changes will be required to the compa-ny’s internal controls and processes.

4. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

The Group makes certain estimates and assumptions regarding the future. Estimates are based on factors including historical experience and expectations of future events that management believes to be reasonable. However, given the judgmental nature of such estimates, actual results could be different from assumptions used. The estimates and assumptions that can have significant risks of causing material adjustments to the carrying amounts of assets and liabilities are set out below:

a. Power to exercise significant influence

When the Group holds less than 20% of voting rights in an investment but the Company has the power to exercise significant influence, such an investment is treated as an associate. Where the Company holds over 20% of voting rights (but not over 50%) and the Group does not exercise significant influence, the investment is treated as an available – for – sale investment.

b. Legal proceedings

In accordance with IFRS, the Group recognizes a provision where there is a present obligation from a past event, a transfer of economic benefits is probable and the amount of cost of the transfer can be estimated reliably. In instances where the criteria are not met, a contingent liability may be disclosed in the notes to the financial statements. Application of these accounting principles to legal cases requires the Group’s management to make determinations about various factual and legal matters beyond control. The Group reviews outstanding



legal cases following developments in the legal proceedings and at each reporting date in order to assess the need for provisions and disclosures in its financial statements. Among the factors considered in making decisions on provisions are the nature of litigation, claim or assessment, the legal process and potential level of damages in the jurisdiction in which the litigation, claim or assessment has been brought, the progress of the case( including the progress after the date of the financial statements but before those statements are issued), the opinion or views of legal advisers, experience on similar cases and any decision of the Group’s management as to how it will respond to the litigation, claims or assessment.

c. Income and deferred taxation

Chams Plc and its subsidiary Companies annually incur significant amounts of income taxes payable and also recognises significant changes to deferred tax assets and liabilities, all of which are based on management’s interpretations of applicable laws and regulations. The quality of these estimates is highly dependent upon management’s ability to properly at times apply a complex set of rules, to recognise changes in applicable rules and in the case of deferred tax assets, management’s ability to project future earnings from activities that may apply loss carry forward positions against future income taxes.

d. Impairment of property, plant and equipment and intangible assets

The Group assesses assets or groups of assets for impairment annually or whenever events or changes in circumstances indicate that carrying amounts of those assets may not be recoverable. In assessing whether a write-down of the carrying amount of a potentially impaired asset is required, the asset’s carrying amount is compared to the recoverable amount. Frequently, the recoverable amount of an asset proves to be the Group’s estimated value in use. The estimated future cash flows applied are based on reasonable and supportable assumptions and present management’s best estimates of the range of economic conditions that will exist over the remaining useful life of the cash flow generating assets.

5. SIGNIFICANT ACCOUNTING POLICIES

i. Foreign currency translation

In preparing the financial statements of the Group, transactions in currencies other than the entity's presentation currency (foreign currencies) are recognised at the rates of exchange prevailing at the dates of the transactions.

At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

Foreign currency differences on loans and other borrowings are recognised as finance income and expenses. Other foreign currency differences as a result of transactions are recognised in the related items within the operating results.

ii. Revenue recognition

Revenue is the fair value of the consideration received net of taxes and discounts, it is recognised when it is probable that the economic benefits associated with the transaction will flow to the enterprise and the amount of the revenue can be measured reliably. Revenue from sales of goods is recognised when delivery has taken place and transfer of risks and reward of ownership has been completed. Revenue from service rendered is recognised immediately as the service is completed and a service delivery form is issued. When services are provided in phases, revenue is recognised on completion of each phase of the project. Dividends are recognised



when shareholders right to received payment is established.

Contract revenue is recognised in the income statement on percentage of completion method with the stage of completion being measured by reference to the actual work performed to date.

iii. Finance costs and finance income

Finance costs comprise interest expense on borrowings, unwinding of the discount on provisions, changes in the fair value of financial assets at fair value through profit or loss where the Company holds such financial assets and impairment losses recognised on financial assets (other than trade receivables). Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss.

Finance income comprises interest income on short-term deposits with bank, dividend income, changes in the fair value of financial assets at fair value through profit or loss and foreign exchange gains.

iv. Basis of consolidation

Where the company has control over an investee, it is classified as a subsidiary. The company controls an investee if all three of the following elements are present: power over the investee, exposure to variable returns from the investee, and the ability of the investor to use its power to affect those variable returns. Control is reassessed whenever facts and circumstances indicate that there may be a change in any of these elements of control.

De-facto control exists in situations where the company has the practical ability to direct the relevant activities of the investee without holding the majority of the voting rights. In determining whether de-facto control exists the company considers all relevant facts and circumstances, including:

• The size of the company’s voting rights relative to both the size and dispersion of other parties who hold voting rights

• Substantive potential voting rights held by the group and by other parties

• Other contractual arrangements

• Historic patterns in voting attendance.

The consolidated financial statements present the results of the company and its subsidiaries ("the Group") as if they formed a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the acquisition method. In the statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated and separate statement of profit or loss and other comprehensive income from the date on which control is obtained. They are deconsolidated from the date on which control ceases.

a. Associates

When the Group has the power to participate in (but not control) the financial and operating policy decisions of another entity, it is classified as an associate. Associates are initially recognised in the consolidated statement of financial position at cost. The Group’s share of post-acquisition profits and losses is recognised in the consolidated and separate statement of profit or loss and other comprehensive income except that losses in excess of the Group’s investment in the associate are not recognised unless there is obligation to make good those losses.

Profit and losses arising on transactions between the Group and its associates are recognised only to the extent of



unrelated investor’s interest in the associate. The investor’s share in the associate’s profits and losses resulting from these transactions is eliminated against the carrying value of the associates.

Any premium paid for an associate above the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities acquired is capitalised and included in the carrying amount of the associate. Where there is objective evidence that the investment in the associate has been impaired, the carrying amount of the investment is tested for impairment in the same way as other non financial assets.

b. Joint Venture

"A joint venture is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control; that is, when the strategic financial and operating policy decisions relating to the activities require the unanimous consent of the parties sharing control. The Group reports its interests in jointly controlled entities using the equity method, which involves recognition in the consolidated income statement of Chams Plc’s share of the net results of the joint ventures for the year. Accounting policies of joint ventures have been changed where necessary to ensure consistency with the policies adopted by the Group. Chams Plc’s interest in a joint venture is carried in the statement of financial position at its share in the net assets of the joint venture together with goodwill paid on acquisition, less any impairment loss. When the share in the losses exceeds the carrying amount of an equity-accounted company (including any other receivables forming part of the net investment in the company), the carrying amount is written down to nil and recognition of further losses is discontinued, unless we have incurred legal or constructive obligations relating to the company in question"

v. Segment reporting

An operating segment is a component of an entity:

a) That engages in business activities from which it may earn revenues and incur expenses (including inter group transactions).

b) Whose operating results are regularly reviewed by the entity’s chief operating decision maker to make decisions about resources to be allocated to the segments and assess its performance and

c) For which discrete financial information is available

The Company has three main business segments:

• Identity Management and solutions

• Payments, Collections and Transactional Systems

• ICT Training

Revenue and cost reporting are directly related to the segments. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision makers. The chief operating decision makers have been identified as the members of the management team including the Group Managing Director.

All reported revenue and related costs of each segments are reconciled.

a. Identity management

Chams Plc is a regional resource centre for identification solutions for clients ranging from corporations, educational bodies to national government.



The Group's identity management activities will include prometrics, biometrics identification with applications in the financial, healthcare, corporate and other public fields.

• Chamscity: is the major hub for large and nationwide Biometrics, data management, online real-time examinations and conferences etc. It offers a unique infrastructural backbone for the realisation of net national identification schemes and projects.

Under the Group Operations it provide identity management through our subsidiary companies such as:

Card Centre Limited

This is an operator of one of the world’s largest card manufacturing and personalising factory. It also has Smart and Chip Card expertise engaging efficient and effective technologies for card personalisation, identity card enrolment logistic and access control.

b. Payments, collections and transactional systems

The payment systems involve building, developing and maintenance of ICT infrastructures across the nation through its companies by helping Nigeria move seamlessly with the world’s trend of cashless economy. Under the Group Operations, it provide payment platforms through our subsidiary companies such as:

ChamsAccess Limited

Deploys across the nation the premium automated teller machines and self-service Chams Access Service Terminals (CAST) and acess control.

ChamsSwitch Limited

Set up to build an enabling infrastructure to ensure unimpeded expansion of all other E-payment initiatives of Chams Group.

ChamsMobile Limited/Naira.com

Setting up mobile payment platforms that will allow users carry out transactions through their mobile phones. These transactions ranges from funds transfer and airtime top-up to balance equiry etc.

Paymaster Limited

Specialises in deployment of POS terminals with e-payment, vouchers, identity, loyalty, and more financing banking applications.

c. All non current assets under each segment are geographically analysed.

d. Others: Terminal and printers and recharge card aspect of Card Center

vi. Property, plant and equipment

Items of property, plant and equipment are initially recognised at cost. As well as the purchase price, cost includes directly attributable costs and the estimated present value of any future unavoidable costs of dismantling and removing items. The corresponding liability is recognised within provisions.

Freehold buildings are subsequently carried at fair value, based on periodic valuations by a professionally qualified valuer. These revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period. Changes in fair value are recognised in other comprehensive income and accumulated in the revaluation reserve except to the extent that any decrease in value in excess of the credit balance on the revaluation reserve, or reversal of such a transaction, is recognised in profit or loss.



Freehold land is not depreciated. Depreciation on assets under construction does not commence until they are complete and available for use. Depreciation is provided on all other items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives.

The expected useful lives of property, plant and equipment are as follows:

Leasehold improvement Over the shorter of the useful life of the item

Building 50 years

Computers and other IT equipment 4 years

Furniture and fittings 4 years

Plant and machineries 7 years

Motor vehicles 4 years

IT Software 5 years

At the date of revaluation, the accumulated depreciation on the revalued freehold property is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. The excess depreciation on revalued freehold buildings, over the amount that would have been charged on a historical cost basis, is transferred from the revaluation reserve to retained earnings when freehold buildings are expensed through the consolidated and separate statement of profit or loss and other comprehensive income (e.g. through depreciation, impairment). On disposal of the asset the balance of the revaluation reserve is transferred to retained earnings.

Derecognition

An item of property, plant and equipment is derecognised on disposal when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset is included in profit and loss in the year the asset is derecognised.

At each statement of financial position date, the Group assesses whether there is any indication that an asset may be impaired. If any such exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the smallest generating unit to which the asset belongs.

If there is an indication that an asset is impaired, the carrying amount of the asset is reduced to its recoverable amount. Impairment losses are recognised immediately in the income statement.

vii. Leases

Leases in which substantially all the risks and rewards incidental to the ownership of the leased asset have been transferred to the Group (a finance lease), the asset is treated as if it has been purchased outright. Upon initial recognition, the leased asset is measured at an amount equal to the lower of its fair value and the present value of the minimum lease payments. Subsequent to initial recognition, the asset is accounted for in accordance with the accounting policy applicable to that asset. The interest element of the lease is charged to the consolidated statement of comprehensive income over the period of the lease. Leases order than finance lease are operating lease and are not recognised as assets in the books. lease expenses are charged to the statement of profit or loss and other comprehensive income.



viii. Intangible asset

Internally generated intangible assets primarily comprised internally developed software. Such software as well as other internally generated assets for internal use are valued at cost and amortised over their useful lives. Impairments are recorded if the carrying amount of the asset exceeds the recoverable amount.

Development costs include, in addition to those costs attributable to the development of the asset, an appropriate proportion of overhead costs. Borrowing costs are capitalised to the extent that they are material and related to the period over which the asset is gene

ix. Goodwill

Goodwill represents an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately re-organised.

Cost comprises of assets given, liabilities assumed and equity instruments issued, plus the amount of any non controlling interests in the business acquired plus, if the business combination is achieved in stages, the fair value of the existing equity interest in the acquiree. Contingent consideration is included in cost at its acquisition date fair value and, in case of contingent consideration classified as financial liability, measured subsequently through profit and loss.

Goodwill is capitalized as an intangible asset with any impairment (The Company is required to test on annual basis whether goodwill has suffered impairment) in carrying value being charged to the consolidated statement of comprehensive income. Where the fair value of identifiable assets, liabilities and contingent liabilities exceed the fair value of consideration paid, the excess is credited in full to the consolidated statement of comprehensive income on the acquisition date.

x. Inventories

Inventories are stated at the lower of cost and net realisable value. Inventories include Scanner and Computers for biometric data capture and versity books for training and are stated at cost, which is arrived at using the average cost method. Net realisable value is the estimated selling price in the ordinary course of business. Cost comprises purchase price and other incidental cost in bringing the inventory to the warehouse.

Write down on inventories of spare parts and consumables are calculated by comparing book value and probable net realizable value after a specific analysis of obsolescence of inventory.

xi. Financial Instruments

Recognition, Initial measurement and derecognition

Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the financial instruments and are measured initially at fair value adjusted by transaction costs, except for those carried at fair value through profit or loss which are measured initially at fair value.

Financial assets are derecognised when the contractual rights to the cash flows from the financial assets expire, or when the financial assets and all substantial risks and rewards are transferred. A financial liability is derecognised when it is extinguished, discharged, cancelled or expires.

Classification and subsequent measurement of financial assets

For the purpose of subsequent measurement, financial assets other than those designated and effective as hedging instruments are classified into the following categories upon initial recognition:

• Loans and receivables



• Financial assets at fair value through profit or loss (FVTPL)

• Held-to-maturity (HTM) investments

• Available-for-sale (AFS) financial assets

All financial assets except for those at FVTPL are subject to review for impairment at least yearly to identify whether there is any objective evidence that a financial asset or a group of financial assets is impaired.

All income and expenses relating to financial assets that are recognised in the profit or loss are presented within finance costs, finance income or other financial items, except for impairment of trade receivables which is presented within other expenses.

Loans and receivables

Loans and receivables are non derivative financial assets with fixed or determinable payments that are not quoted in an active market. After initial recognition, these are measured at amortised cost using the effective interest method, less provision for impairment. Discounting is omitted where the effect of discounting is immaterial. The group’s cash and cash equivalents, trade and other receivables fall into this category of financial instruments.

Individual significant receivables are considered for impairment when they are past due or when objective evidence is received that a specific counterparty will default. Receivables that are not considered to be individually impaired are reviewed for impairment in groups, which are determined by reference to the industry and region of a counterparty and other shared risk characteristics. The impairment loss estimate is then based on recent historical counterparty default rates for each identified group.

Financial assets at FVTPL

Financial assets at FVTPL include financial assets that are either classified as held for trading or that meet certain conditions and are designated at FVTPL upon initial recognition. All derivative financial instruments fall into this category, except for those designated and effective as hedging instruments, for which the hedge accounting requirements apply.

Assets in this category are measured at fair value with gains or losses recognised in profit or loss. The fair values of financial assets in this category are determined by reference to active market transactions or using a valuation technique where no active market exists.

Held to maturity asset

HTM investments are non derivative financial assets with fixed or determinable payments and fixed maturity other than loans and receivables. Investments are classified as HTM if the group has the intention and ability to hold them until maturity.

HTM investments are measured subsequently at amortised cost using the effective interest method. If there is objective evidence that the investment is impaired, determined by reference to external credit ratings, the financial asset is measured at the present value of estimated future cash flows. Any changes to the carrying amount of the investment including impairment losses are recognised in profit or loss.

Available for sales financial assets

AFS financial assets are non derivative financial assets that are either designated to this category or do not qualify for inclusion in any of the other categories of financial assets. The group’s AFS financial assets include unquoted equity investment in Joint Komputer Kompany Limited.

The equity investment in Joint Komputer Kompany Limited is measured at cost less any impairment charges, as



its fair value cannot currently be estimated reliably. Impairment charges are recognised in profit or loss.

All other AFS financial assets are measured at fair value. Gains and losses are recognised in other comprehensive income and reported within the AFS reserve within equity, except for impairment losses and foreign exchange differences on monetary assets, which are recognised in profit or loss. When the asset is disposed of or is determined to be impaired, the cumulative gain or loss recognised in other comprehensive income is reclassified from the equity reserve to profit or loss and presented as a reclassification adjustment within other comprehensive income. Interest is calculated using the effective interest rate method and dividends are recognised in profit or loss within finance income.

Reversals and impairment losses are recognised in other comprehensive income, except for financial assets that are debt securities which are recognised in profit or loss only if the reversal can be objectively related to an event occurring after the impairment loss was recognised.

xii. Prepayments

Prepayments are payments made in advance relating to the following year and are recognised and carried at original amount less amounts utilised in the statement of profit or loss and other comprehensive income.

xiii. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term highly liquid investments with original maturities of three months or less. For the purpose of the statement of cash flows, bank overdrafts are shown within loans and borrowings in current liabilities on the consolidated statement of financial position.

xiv. Trade payables

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities. Trade payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

xv. De-recognition of financial liabilities

The Company derecognises financial liabilities when, and only when, the Company's obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liability derecognised and the consideration paid and payable is recognised in income statement.

xvi. Borrowings costs

Borrowing costs are interest and other costs that the entity incurs in connection with the borrowing of funds. Borrowing costs on qualifying capital expenditure are capitalized while others are expensed.

xvii. Employee benefits

a. Short - term employee benefits

All short term employee benefits payable within 12 months after service is rendered, the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period should be recognized in that period. All benefits that are due or outstanding as at the end of the year are accrued for.



b. Defined contribution plans

The Company operates a defined contribution plan as stipulated in the Pension Reform Act, 2004. Under the defined contributory scheme, the Company contributes 10%, while its employees contribute 8% of their annual basic, housing and transport allowances to the scheme. Once the contributions have been paid, the Company retains no legal and constructive obligation to pay further contributions if the fund does not hold sufficient assets to finance benefits accruing under the retirement benefit plan. The Company's obligations are recognised in the statements of comprehensive income as administrative expenses (employee benefits) when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or reduction in the future payments is available.

c. Termination benefits

Termination benefits would be recognized when and only when, the Group is demonstrably committed to either terminate the employment of an employee or group of employees before the normal retirement date or provide termination benefits as a result of an offer made in order to encourage voluntary redundancy. The Group shall recognize termination benefits as an expense when the Group is demonstrably committed with a detailed formal plan for the termination without realistic possibility of withdrawal.

xviii. Income tax

Expenses on income tax comprise current and deferred tax. Current tax is the expected tax payable on taxable income or loss for the year, using tax rates enacted by the Government. Current tax assets and liabilities will be offset on the statement of financial position. Deferred tax is provided using the statement of financial position method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for taxation purposes.

A deferred tax asset is recognized only to the extent that it is probable that future taxable profit will be available against which the asset can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Additional income taxes that arise from the distribution of dividend by the Group are recognized at the same time as the liability to pay the related dividend is recognized.

xix. Share capital and share premium

Shares are classified as equity when there is no obligation to transfer cash or other assets. Any amounts received over and above the par value of the shares issued are classified as ‘share premium’ in equity. Incremental costs directly attributable to the issue of equity instruments are shown in equity as a deduction from the proceeds, net of tax. Financial instruments issued by the Group are classified as equity only to extent that they do not meet the definition of a financial liability or financial asset.

The Group's ordinary shares are classified as equity instruments.

xx. Reserves

Reserves include all current and prior period retained earnings.

xxi. Dividends on ordinary shares

"Dividends on ordinary shares are recognised as a liability and deducted from equity when they become legally payable. Interim dividends are deducted from equity when they are declared and no longer at the discretion of the shareholders. In the case of final dividends, this is when approved by the shareholders at the Annual General



Meeting.

xxii. Offsetting financial instruments

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

xxiii. Impairment of financial instruments

The Company assesses at the end of each reporting period whether there is objective evidence that a financial asset or group of financial assets is impaired. A financial asset or a group of financial assets is impaired and impairment losses are incurred only if there is objective evidence of impairment as a result of one or more events that occurred after initial recognition of the asset (a 'loss event') and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated.

Evidence of impairment may include indications that the debtors or a group of debtors is experiencing significant financial difficulty, default or delinquency in interest or principal payments, the probability that they will enter bankruptcy or other financial reorganisation, and where observable data indicates that there is a measurable decrease in the estimated future cash flows such as changes in arrears or economic conditions that correlate with defaults.

For the loans and receivables category, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate. The carrying amount of the asset is reduced and the amount of the loss is recognised in the income statement. If a loan has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

As a practical expedient, the company may measure impairment on the basis of an instrument’s fair value using an observable market price.

If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised (such as an improvement in the debtor’s credit rating), the reversal of the previously recognised impairment loss is recognised in the income statement.

xxiv. Provisions, Contingent Assets and Liabilities

Provisions are recognized when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required from the group and the amounts can be estimated reliably. Timing or amounts of the outflow may still be uncertain.

Provisions are measured at the estimated amounts required to settle the present obligation, based on the most reliable evidence available at the reporting date, including the risks and uncertainties associated with the present obligation. Where there are a number of obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole.

Provisions are discounted to their present values when the time value of money is material.

xxv. Related party transactions

"Related parties include the related companies, the directors and any employee who is able to exert significant influence on the operating policies of the company. Key management personnel are also considered related



parties. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity.

The Company considers two parties to be related if, directly or indirectly one party has the ability to control the other party or exercise significant influence over the other party in making financial or operating decisions. Where there is a related party transactions with the company, the transactions are disclosed separately as to the type of relationship that exists with the company and the outstanding balances necessary to understand their effects on the financial position and the mode of settlement"

Accounting classification and fair value of financial assets and liabilities

The table below sets out the carrying amounts and fair values of the Group's financial assets and financial liabilities:

HELD FOR TRADING

CARRIED AT FAIR VALUE

LOANS AND RECEIVABLES

CARRIED AT AMORTISED

COST

AVAILABLE FOR SALE

INVESTMENTS CARRIED AT

COST

TOTAL CARRYING

AMOUNT

FAIR VALUE

31 December 2016 N’000 N’000 N’000 N’000 N’000

Financial assets

Cash and cash equivalents - 183,327 - 183,327 183,327

Investment in Joint Komputer Kompany Plc - - 100,000 100,000 100,000

Trade and other receivables - 2,369,241 - 2,369,241 2,369,241

- 2,552,568 100,000 2,652,568 2,652,568

Financial liabilitiesTrade and other payables - 3,289,812 - 3,289,812 3,289,812

Loans and borrowings - 226,194 - 226,194 226,194

- 3,516,006 - 3,516,006 3,516,006

31 December 2015 Financial assetsCash and cash equivalents - 157,445 - 157,445 157,445

Investment in Joint Komputer Kompany Plc - - 100,000 100,000 100,000

Trade and other receivables - 3,545,431 - 3,545,431 3,545,431

- 3,702,876 100,000 3,802,876 3,802,876

Financial liabilities

Trade and other payables - 4,005,028 - 4,005,028 4,005,028

Loans and borrowings - 553,358 - 553,358 553,358

- 4,558,386 - 4,558,386 4,558,386



6. FINANCIAL RISK MANAGEMENT

The Group is exposed through its operations to the following risks:

• Reputational risk

• Technology risk

• Legal Risk

• Credit risk

• Fair value or cash flow interest rate risk

• Foreign exchange risk

• Other market price risk, and

• Economic government/political risk.

In common with all other business, the Group is exposed to risks that arise from its use of financial instruments. This note describes the Group’s objectives, policies and processes for managing those risks and the methods used to measure them. Further quantitative information in respect of these risks is presented throughout these financial statements.

There have been no substantive changes in the Group’s exposure to financial instrument risks, its objectives, policies and processes for managing those risks or the methods used to measure them from previous years unless otherwise stated in this note.

The principal financial instruments used by the Group, from which financial instrument risk arises, are as follows:

• Trade receivables

• Cash and cash equivalents

• Investments in unquoted equity securities

• Trade and other payables

• Bank overdrafts

• Floating-rate bank loans

• Forward currency contracts

General objectives, policies and processes

The Board has overall responsibility for the determination of the Group’s risk management objectives and policies and, whilst retaining ultimate responsibility for them, it has delegated the authority for designing and operating processes that ensure the effective implementation of the objectives and policies to the Group’s finance function. The Board receives quarterly reports from the Financial Controller through which it reviews and monitors performance. The Group’s internal auditors also review the risk management policies and processes and report their findings to the Audit Committee.

The overall objective of the Board is to set policies that seek to reduce risk as far as possible without unduly affecting the Group’s competitiveness and flexibility. Further details regarding these policies are set out below:

Credit risk

Credit risk is the risk of financial loss to the Group if a customer or counterparty fails to meet its contractual



obligations. The Group is mainly exposed to credit risk from credit sales. It is Group policy to assess the credit risk of new customers before siging contracts. Such credit ratings are taken into account by business practices.

The Finance Committee has established a credit policy under which each new customer is analysed individually for creditworthiness before the Group’s standard payment and delivery terms and conditions are offered from the Finance Committee.

The Finance Committee determines concentrations of credit risk by quarterly monitoring the creditworthiness rating of existing customers and through a monthly review of the trade receivables’ ageing analysis. In monitoring the customers’ credit risk, the Group ensures that substantial amount of the outstanding balance is paid before future credit sales are made to the customers.

Credit risk also arises from cash and cash equivalents with banks and financial institutions. For banks and financial institutions, the Group consider banks that have been approved by the Central Bank of Nigeria.

Further disclosures regarding trade and other receivables, which are neither past due nor impaired, are provided in note 19.

Cash in bank and short-term deposits

A significant amount of cash is held with the following institutions:

31 DECEMBER 2016 31 DECEMBER 2015

CASH AT BANK CASH AT BANK

N’000 N’000

Zenith International Bank Plc 22,717 22,862

First Bank of Nigeria Limited 51,320 25,927

Access Bank Plc 31,371 47,990

Wema Bank Plc 13,531 1,607

118,939 98,386

The Finance Committee monitors the utilisation of the credit limits regularly and at the reporting date does not expect any losses from non-performance by the counterparties.

Market risk

Market risk arises from the Group’s use of tradable and foreign currency financial instruments. It is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates (currency risk) or other market factors (other price risk)

Fair value and cash flow interest rate risk

The Group is exposed to cash flow interest rate from borrowings at floating rate. It is currently Group policy that all existing floating rate borrowings are restructured to fixed rates in order to mitigate against frequent fluctuation in interest rate.This policy is managed across the Group by individual treasury units. Although the board accepts that this policy neither protects the Group entirely from the risk of paying rates in excess of current market rates nor eliminates fully cash flow risk associated with variability in interest payments, it considers that it achieves an apropriate balance of exposure to these risks.

During 2016 and 2015, the Group’s borrowings at variable rate were denominated in Naira

The Group analysis the interest rate exposure on a quarterly basis. A sensitivity analysis is performed by applying a simulation technique to the liabilities that represent major interest bearing positions.

Based on the various scenarios the Group then manages “its cash-flow” interest rate risk by changing from using floating-to-fixed interest rate.



Foreign exchange risk

Foreign exchange risk arises when individual Group entities enter into transactions denominated in a currency other than their functional currency. The Group’s policy is, where possible, to allow group entities to settle liabilities denominated in their functional currency with the cash generated from their own operations in that currency. Where group entities have liabilities denominated in a currency other than their functional currency (and have insufficient reserves of that currency to settle them), cash already denominated in that currency will, where possible, be transferred from elsewhere within the Group.

In order to monitor the continuing effectiveness of this policy, the Board recieves a monthly forcast, analysed by the major currencies held by the Group, of liabilities due for settlement and expected cash reserves.

The Group is currently not expose to foreign exchange risk as it does not have any liability to be settled in foreign currency.

Liquidity risk

Liquidity risk arises from the Group’s management of working capital and the finance charges and principal repayments on its debt instruments. It is the risk that the Group will encounter difficulty in meeting its financial obligations as they fall due.

The Group’s policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities when they become due. To achieve this aim, it seeks to maintain cash balances (or agreed facilities) to meet expected requirements for a period of at least 45 days. The Group also seeks to reduce liquidity risk by fixing interest rates (and hence cash flows) on a portion of its long-term borrowing.

The Board receives rolling 12-month cash flow projections on a monthly basis as well as information regarding cash balances. At the end of the financial year, these projections indicated that the Group expected to have sufficient liquid resources to meet its obligations under all reasonably expected circumstances and will not need to seek for overdraft facilities. The Group currently maintains a “no borrowing Philosophy”.

The liquidity risk of each entity is managed by the treasury function within the entity. To ensure efficiency in liquidity management, the treasury unit manages the funds for each projects within the Group. Projects within each entity are seen as being self funding.

The following table sets out the contractual maturities (representing undiscounted contractual cash-flows) of financial liabilities:

BELOW BETWEEN ABOVE TOTAL 1 YEAR 1 TO 2 YEARS 3 YEARS

At 31 DECEMBER 2016 N’000 N’000 N’000 N’000

Trade and other payables

3,289,812 - - 3,289,812

Loans and borrowings 226,194 - - 226,194

Total 3,516,006 - - 3,516,006 BETWEEN BETWEEN ABOVE TOTAL

1 YEAR 1 TO 2 YEARS 3 YEARS

AT 31 DECEMBER 2015 N’000 N’000 N’000 N’000

Trade and other payables

4,005,028 - - 4,005,028

Loans and borrowings 553,358 - - 553,358

Total 4,558,386 - - 4,558,386



Capital Disclosures

The Group monitors “adjusted capital” which comprises all components of equity (i.e. share capital share premium, non-controlling interest, retained earnings, and revaluation reserves)

The Group’s objectives when maintaining capital are:

• to safeguard the entity’s ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders, and

• to provide an adequate return to shareholders by pricing products and services commensurately with the level of risk.

The Group sets the amount of capital it requires in proportion to risk. The Group manages its capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.

Consistent with others in the industry, the Group monitors capital on the basis of the debt to adjusted capital ratio. This ratio is calculated as net debt adjusted capital as defined above. Net debt is calculated as total debt (as shown in the consoidated statement of financial positon) less cash and cash equivalents.

Due to recent market uncertainty, the Group’s strategy is to preserve a strong cash base and achieve a debt-to-adjusted-capital ratio of approximately 4-5% (2015: 20 - 22%). The objective of this strategy is to secure access to finance at reasonable cost by maintaining a high credit rating. The debt-to-adjusted-capital ratios at 31 December 2016 and at 31 December 2015 were as follows:

2016 2015

N’000 N’000

Loans and borrowings 226,194 553,358

Less: cash and cash equivalents (183,327) (157,445)

Net debt 42,867 395,913

Total equity 1,835,741 3,354,352

Total adjusted capital 1,835,741 3,354,352

Debt to adjusted capital ratio (%) 2% 11.80%

The decrease in the debt to adjusted capital ratio during 2016 resulted primarily from the decrease in net debt arising from settlement of outstanding loans and borrowings during the year.



7. SEGMENT INFORMATIONIDENTITY

MANAGEMENT & SOLUTION

OTHERS TOTAL

2016 2016 2016

Segment Information (Group) 2016 N’000 N’000 N’000

Revenue 1,482,037 - 1,482,037

Cost of sales (788,580) - (788,580)

Gross profit 693,457 - 693,457

Total gross profit from external customers 693,457 - 693,457

Group gross profit per consolidated statement of comprehensive income

693,457 - 693,457

Depreciation (155,261) - (155,261)

Segment profit 538,196 - 538,196

Other operating income 407,161

Depreciation of head office building (46,812)

Finance expenses (15,909)

Finance income 1,669

Administrative expenses (2,356,222)

Group profit before tax (1,471,917)

Segment financial position as at 31 DECEMBER 2016

Property plant and equipment (carrying amount) 2,936,146 - 2,936,146

Long term investments 100,000 - 100,000

Intangible assets 157,140 - 157,140

Investment projects - - -

Deferred taxation - - -

Current assets 2,840,150 - 2,840,150

Current liabilities 4,197,695 - 4,197,695

Net assets as at 31 DECEMBER 2016 10,231,131 - 10,231,131

Segment information (Group) 2015 N’000 N’000 N’000

Revenue 1,133,147 477,331 1,610,478

Cost of sales (913,742) (307,779) (1,221,521)

Gross profit 219,405 169,552 388,957

Total gross profit from external customers 219,405 169,552 388,957

Group gross profit per consolidated

statement of comprehensive income 219,405 169,552 388,957

Depreciation (63,509) (169,323) (232,832)

Segment profit 155,896 229 156,125




Finance income 51


Group loss before tax (3,393,020)



IDENTITY MANAGEMENT &

SOLUTION

OTHERS TOTAL

N’000 N’000 N’000

Segment financial position as at 31 December 2015

Property plant and equipment (carrying amount) 2,571,100 534,927 3,106,027

Long term investments - 100,000 100,000


Investment projects 145,259 78,790 224,049

Deferred taxation 285,051 - 285,051

Current assets 4,103,952 656,650 4,760,602

Current liabilities (4,491,296) (714,722) (5,206,018)

Net assets as at 31 December 2015 2,698,707 655,645 3,354,352

Segment information (Company) 2016 N’000 N’000 N’000

Revenue 641,435 - 641,435

Cost of sales (273,689) - (273,689)

Gross profit 367,746 - 367,746

Total gross profit from external customers 367,746 - 367,746

Gross profit per statement of comprehensive income 367,746 - 367,746

Depreciation (63,121) (63,121)

Segment Profit 304,625 - 304,625


Other expenses -




Company loss before tax as at 31 DECEMBER 2016 (4,321,903)

Segment financial position as at 31 DECEMBER 2016 N’000 N’000 N’000

Property plant and equipment (carrying amount) 2,262,419 - 2,262,419

Long term investments 100,000 - 100,000


Investment projects - - -

Deferred taxation - - -

Current assets 2,419,904 - 2,419,904

Current liabilities 2,834,829 - 2,834,829

Net assets 7,692,804 - 7,692,804



IDENTITY MANAGEMENT &

SOLUTION OTHERS TOTAL

Segment information (Company) 2015 N’000 N’000 N’000 Revenue 914,929 - 914,929 Cost of sales (757,571) - (757,571)Gross profit 157,358 - 157,358 Total gross profit from external customers 157,358 - 157,358 Gross profit per statement of comprehensive income 157,358 - 157,358 Depreciation (36,570) - (36,570)Segment Profit 120,788 - 120,788 Other operating income 176,179 Other expenses - Depreciation of head office building (40,000)Finance expenses (155,538)Administrative expenses (2,618,204)Company profit before tax as at 31 December 2015 (2,516,775)

Segment financial position as at 31 December 2015 N’000 N’000 N’000 Property plant and equipment (carrying amount) 2,028,171 - 2,028,171 Long term investments 1,945,985 - 1,945,985 Intangible assets 83,303 - 83,303 Investment projects 224,048 - 224,048 Deferred taxation 285,051 - 285,051 Current assets 6,266,834 - 6,266,834 Current liabilities (3,848,736) - (3,848,736)Net assets 6,984,656 - 6,984,656

8. COST OF SALES GROUP COMPANY

2016 2015 2016 2015 Analysis by operations N’000 N’000 N’000 N’000 Biometric 258,711 471,024 258,711 434,104 Training 3,847 323,467 3,847 323,467 ATM 6,788 12,256 - - Switching 10,125 19,670 - - Scratch Cards and consumables 398,115 376,777 - - Kiosks and Booths - 5,425 - - Maintenance 62,892 - - - Clearing 26,863 2,832 - - Other direct costs 21,239 10,070 11,131 -

788,580 1,221,521 273,689 757,571

9. OTHER OPERATING INCOME N’000 N’000 N’000 N’000

Rental Income - - 27,612 22,063 Miscellaneous income 23,581 - 1,614 - Discount received 94,713 15,795 90,519 12,001 Waiver received on loan repayment 184,717 - 178,702 - Provision for bad debt no longer required 5,147 - - - Loss from disposal of property, plant and equipment - (947) - (1,297)Exchange difference 99,003 143,412 99,003 143,412 Total 407,161 158,260 397,450 176,179



GROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

10. FINANCE INCOME AND EXPENSEInterest received on bank deposits 1,669 51 - -

Total finance income 1,669 51 - -

Finance expenses N’000 N’000 N’000 N’000

Interest expense on loans and overdraft 15,909 161,512 15,520 155,538

Total finance expenses 15,909 161,512 15,520 155,538

Net finance expenses recognised in income statement (14,240) (161,461) (15,520) (155,538)

11. EARNINGS PER SHARE GROUP COMPANY

N’000 N’000 N’000 N’000

Loss for the year used in basic EPS (1,428,710) (3,251,697) (1,908,433) (2,519,174)

Loss used in diluted EPS (1,428,710) (3,251,697) (1,908,433) (2,519,174)

Denominator ‘000 ‘000 ‘000 ‘000

Weighted average number of shares used in basic EPS 4,696,060 4,696,060 4,696,060 4,696,060

Weighted average number of shares used in diluted EPS 4,696,060 4,696,060 4,696,060 4,696,060

(25)k (69)k (39)k (54)k



12. (A) PROPERTY, PLANT AND EQUIPMENT (GROUP)

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Cost/valuation N’000 N’000 N’000 N’000 N’000 N’000 N’000 N’000Balance at 1 January 2015 105,009 2,000,000 1,903,166 339,893 403,120 1,156,259 192,654 6,100,101 Additions - - - 2,106 12,905 3,960 6,500 25,471 Disposals (28,342) - (6,205) - - - - (34,547)Balance at 31 December 2015 76,667 2,000,000 1,896,961 341,999 416,025 1,160,219 199,154 6,091,025 Balance at 1 January 2016 76,667 2,000,000 1,896,961 341,999 416,025 1,160,219 199,154 6,091,025 Additions - - 578 752 22,081 716 9,720 33,847 Transfers - - (324,630) - - 324,630 - - Acc depreciation on assets transferred - - (670,206) - - - - (670,206)Write off - - - - (225) (27,348) (37,826) (65,399)Balance at 31 December 2016 76,667 2,000,000 902,703 342,751 437,881 1,458,217 171,048 5,389,267 Accumulated depreciation

Balance at 1 January 2015 - - 761,535 336,544 371,155 1,108,517 163,821 2,741,572 Depreciation charge for the year - 40,000 158,141 3,763 22,684 14,538 10,351 249,477 Disposals - - (6,051) - - - - (6,051)Balance at 31 December 2015 - 40,000 913,625 340,307 393,839 1,123,055 174,172 2,984,998 Balance at 1 January 2016 - 40,000 913,625 340,307 393,839 1,123,055 174,172 2,984,998 Depreciation charge for the year - 46,812 78,627 1,444 7,241 54,565 13,317 202,005 Accummulated depreciation on assets transferred

- - (670,206) - - - - (670,206)

Write off - - - - (74) (25,805) (37,798) (63,677)Balance at 31 December 2016 - 86,812 322,046 341,751 401,006 1,151,815 149,691 2,453,121 Carrying amount as at: 31 December 2015 ₦76,667 ₦1,960,000 ₦983,336 ₦1,692 ₦22,186 ₦37,164 ₦24,982 ₦3,106,027 31 December 2016 ₦76,667 ₦1,913,188 ₦580,657 ₦1,000 ₦36,875 ₦306,402 ₦21,358 ₦2,936,146Bank borrowings are secured on the Group’s buildings. The outstanding loan for the year amounted to N226.19 million (2015: N553.36 million)



12(B) PROPERTY, PLANT AND EQUIPMENT (COMPANY)

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Cost/valuation N’000 N’000 N’000 N’000 N’000 N’000 N’000 N’000

Balance at 1 January 2015 48,572 2,000,000 84,437 245,298 63,088 941,681 154,268 3,537,344

Additions - - - 1,485 10,128 1,666 - 13,279

Disposals (28,342) - (6,205) - - - - (34,547)

Balance at 31 December 2015 20,230 2,000,000 78,232 246,783 73,216 943,347 154,268 3,516,076

Balance at 1 January 2016 20,230 2,000,000 78,232 246,783 73,216 943,347 154,268 3,516,076

Additions - - - 500 20,622 - - 21,122

Transfers in - - - - - 324,630 - 324,630

write off - - - - - (27,348) (37,826) (65,174)

Balance at 31 December 2016 20,230 2,000,000 78,232 247,283 93,838 1,240,629 116,442 3,796,654

Accumulated depreciation

Balance at 1 January 2015 - - 74,919 242,623 41,328 932,985 125,531 1,417,386

Depreciation charge for the year - 40,000 6,395 1,534 14,643 4,459 9,539 76,570

Disposals - - (6,051) - - - - (6,051)

Balance at 31 December 2015 - 40,000 75,263 244,157 55,971 937,444 135,070 1,487,905

Balance at 1 January 2016 - 40,000 75,263 244,157 55,971 937,444 135,070 1,487,905

Depreciation charge for the year - 46,812 1,666 1,236 6,243 44,608 9,368 109,933

Write off - - - - - (25,805) (37,798) (63,603)

Balance at 31 December 2016 - 86,812 76,929 245,393 62,214 956,247 106,640 1,534,235

Carrying amount as at:

31 December 2016 ₦20,230 ₦1,913,188 ₦1,303 ₦1,890 ₦31,624 ₦284,382 ₦9,803 ₦2,262,419

31 December 2015 ₦20,230 ₦1,960,000 ₦2,969 ₦2,626 ₦17,245 ₦5,903 ₦19,198 ₦2,028,172



13. INVESTMENT PROJECTS:

GROUP COMPANY

2016 2015 2016 2015

Investment projects N’000 N’000 N’000 N’000

Chams Varsity 4,083 4,083 4,083 4,083

Chams.Net - 40,796 - 40,796

Chams Wallet - 6,290 - 6,290

Chams Consortium 146,129 145,259 146,129 145,259

Chams Mobile Limited 27,620 27,620 27,620 27,620

Allowance for impairments (177,832) - (177,832) -

Total - 224,048 - 224,048

Investment projects represent expenses incurred on behalf of Chams Varsity, Chams.Net and Chams Wallet divisions, and will be converted to shares when these divisions become subsidiaries. The chams.Net and chams wallet were transfered to Chams Switch by the board resolution of Board of directors of Chams Plc meeting held on 18 July 2016.

ChamsAccess Limited

Deploys across the nation the premium automated teller machines and self-service Chams Access Service Terminals (CAST)

ChamsSwitch Limited

Set up to build an enabling infrastructure to ensure unimpeded expansion of all other E-payment initiatives of Chams Group

ChamsMobile Limited

Setting up more mobile payment platforms that will allow users to carry out transactions through their mobile phones.

These transactions range from funds transfer and airtime top-up to balance enquiry etc.

Paymaster Limited

Specialises in deployment of POS terminals with e-payment, vouchers, identity, loyalty and more financing & banking applications.



14. (a) INTANGIBLE ASSETS - GROUP

MASTERVERVE CERTIFICATE

NAIRA .COM NCC LICENCES SOFTWARE DEVELOPMENT

TOTAL

Cost N’000 N’000 N’000 N’000 N’000

Balance at 1 January 2016 24,132 - 150,000 125,349 299,481

Additions - externally acquired 24,150 68,645 - - 92,795

Balance at 31 December 2016 48,282 68,645 150,000 125,349 392,276


Additions - externally acquired 10,470 - - - 10,470

Balance at 31 December 2015 24,132 - 150,000 125,349 299,481

Amortisation


Amortisation charge for the year 8,596 4,050 - 7,650 20,296

Balance at 31 December 2016 31,390 4,050 150,000 49,696 235,136

Balance at 1 January 2015 - - 150,000 34,396 184,396

Amortisation charge for the year 22,794 - - 7,650 30,444

Balance at 31 December 2015 22,794 - 150,000 42,046 214,840


31 DECEMBER 2016 16,892 64,595 - 75,653 157,140

31 December 2015 1,338 - - 83,303 84,641

Intangible assets represent the value of NCC licence acquired from SmartCity by Card Center Nigeria Limited, Software Development Cost acquired from Supercard Limited by Chams Plc recognised in the books in 2011 and Naira.com an internet based payment solution platform transfered by Chams Plc to Chams switch . The NCC licence and software development cost have a lifespan of 10 years, which should be amortized by straight line method at 10% p.a. while the naira.com has a lifespan of 5years and it should be amortised on straight line method at 20%.

Amortisation charges on the group’s intangible assets are recognised in the administrative expenses line item in the statement of profit or loss and other comprehensive income.



14(B) INTANGIBLE ASSETS - COMPANY

SOFTWARE DEVELOPMENT

TOTAL

Cost N’000 N’000

Balance at 1 January 2016 125,349 125,349

Additions - externally acquired - -

Additions - internally developed - -

Balance at 31 DECEMBER 2016 125,349 125,349


Additions - externally acquired - -

Additions - internally developed - -

Balance at 31 December 2015 125,349 125,349

Amortisation


Amortisation charge for the year 7,650 7,650

Balance at 31 DECEMBER 2016 49,697 49,697


Amortisation charge for the year 7,650 7,650

Balance at 31 December 2015 42,047 42,047


31 December 2016 ₦75,652 ₦75,652

31 December 2015 ₦83,302 ₦83,302

Intangible assets represent the value of Software Development Cost acquired from Supercard Limited by Chams Plc recognised in the books in 2011.



15. INVESTMENT IN SUBSIDIARIES

a. Composition of the Group

NAME OF THE SUBSIDIARY

COUNTRY OFINCORPORATION AND PRINCIPAL PLACE OF BUSINESS

PRINCIPAL ACTIVITIES PROPORTION OF OWNERSHIP INTERESTS HELD BY THE GROUP

2016 2015

Card Centre Nigeria Limited

Nigeria Printing of payment/ financial cards

90.63% 90.63%

Chams Access Limited Nigeria Development of ATM, POS, printers and terminals

67.80% 68.37%

Chams Switch Limited Nigeria Processing of electronic payment

90% 90%

CARD CENTRE NIGERIA LIMITED

CHAMS ACCESS LIMITED

CHAMSSWITCH LIMITED

N’000 N’000 N’000

As at 31 DECEMBER 2016

Revenue 335,940 438,906 65,756

Cost of sales (288,644) (214,343) (11,905)

Gross profit 47,296 224,563 53,851

Other operating income 30,587 577 6,160

Administrative expenses (629,276) (341,560) (46,630)

(Loss)/profit from operating activities (551,393) (116,420) 13,381

Net finance (cost)/income (380) 1,094 566

(Loss)/profit before taxation (551,773) (115,326) 13,947

Taxation (4,643) (5,537) (1,920)

(Loss)/profit after tax for the year (556,416) (120,863) 12,027

Loss allocated to NCI (52,136) (38,918) 1,203

Other comprehensive income allocated to NCI - - -

Total comprehensive income allocated to NCI (52,136) (38,918) 1,203

Cash flows from operating activities 23,265 11,598 69,747

Cash flows from investing activities (34,706) 854 (70,288)

Cash flows from financing activities - - -

Net cash (outflow)/inflow (11,441) 12,452 (541 )

As at 31 DECEMBER 2016

Total assets 960,299 267,906 170,390

Total liabilities (1,713,434) (1,349,244) (780,489)

Equity (758,135) (1,081,338) (610,099)

Percentage of holding 90.63% 67.80% 90%



CARD CENTRE NIGERIA LIMITED

CHAMS ACCESS LIMITED

CHAMSSWITCH LIMITED

N’000 N’000 N’000

As at 31 December 2015

Revenue 351,751 277,782 66,016

Cost of sales (242,120) (202,160) (19,670)

Gross profit 109,631 75,622 46,346

Other operating income 350 2,927 867

Administrative expenses (624,435) (391,994) (89,636)

Loss from operating activities (514,454) (313,445) (42,423)

Net finance cost/income (5,973) 50 -

Loss before taxation (520,427) (313,395) (42,423)

Taxation (4,663) (3,311) (1,923)

Loss after tax for the year (525,090) (316,706) (44,346)

Loss allocated to NCI (49,201) (100,174) (4,435)

Other comprehensive income allocated to NCI - - -

Total comprehensive expense allocated to NCI (49,201) (100,174) (4,435)

Cash flows from operating activities (89,483) (60,620) 23,476

Cash flows from investing activities (19,940) (1,388) (934)

Cash flows from financing activities - - -

Net cash (outflows)/inflows (109,423) (62,008) 22,542

As at 31 December 2015

Total assets 1,483,257 762,028 92,596

Total liabilities 1,684,976 1,722,503 714,722

Equity (201,719) (960,475) (622,126)

Percentage of holding 90.63% 68.37% 90%

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b. Subsidiary with material non-controlling interests

The Group includes one subidiary, Chams Access Limited with material non-controlling interests (NCI):

PROPORTION OF OWNERSHIP INTEREST AND VOTING RIGHTS

HELD BY THE NCI

LOSS ALLOCATED TO THE NCI ACCUMULATED NCI

31 DECEMBER 31 DECEMBER 31 DECEMBER 31 DECEMBER 31 DECEMBER 31 DECEMBER2016 2015 2016 2015 2016 2015

N’000 N’000 N’000 N’000 N’000 N’000

Chams Access Ltd 32.20 31.63 (38,918) (20,946) (678,804) (578,629)

No dividends were paid on the NCI during the years 2016 and 2015.

Summarised financial information for Chams Access Limited intragroup eliminations, is set out below:

2016 2015

N’000 N’000

Non-current assets 401,092 549,636

Current assets 360,936 536,946

Total assets 762,028 1,086,582

Non-current liabilities 1,517,374 1,517,374

Current liabilities 205,129 212,977

Total liabilities 1,722,503 1,730,351

Equity attributable to owners of the parent 2016 2015

Non-controlling interests N’000 N’000

Revenue 277,988 494,135

Loss for the year attributable to owners of the Company (216,532) (45,275)

Loss for the year attributable to NCI (38,918) (20,946)

Loss for the year (255,450) (66,221)

Other comprehensive income for the year

(all attributable to owners of the parent)

Total comprehensive expense for the year attributable to owners of the Company (216,532) (45,275)

Total comprehensive expense for the year attributable to NCI (38,918) (20,946)

Total comprehensive income for the year (255,450) (66,221)

c. Loss of control over a subsidiary during the year

The Group did not lose any control in any subsidiary during 2016 and 2015.

d. Interest in unconsolidated structured entities

The Group has no interests in unconsolidated structured entities

e. Investment in associate

The Group’s only investment in associate is in Paymaster Limited. No dividend was received from Paymaster Limited during 2016 and 2015. The investment in Paymaster Limited has been fully provided for based on diminution in value.




f. Analysis of investment in subsidiaries

GROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Card Centre Nigeria Limited - - 1,531,302 1,531,302

Chams Access Limited - - 810,600 810,600

Chams Switch Limited - - 599,251 599,251

- - 2,941,153 2,941,153

Impairment provision for

value of subsidiaries

Card centre Limited - - (981,798) (981,798)

Chams Access - - (113,370) (113,370)

Chams Switch -

Net investment in subsidiaries - - 1,845,985 1,845,985

16. INVESTMENT IN EQUITY ACCOUNTED ENTITIES

Paymaster Nigeria Limited 263,471 263,471 263,471 263,471

Impairment allowance for value of investment

(263,471) (263,471) (263,471) (263,471)

Net investment in associate - - - -

17. AVAILABLE FOR SALE FINANCIAL ASSETS

Unitec Nigeria Limited 1,500 1,500 1,500 1,500

Joint Komputer Kompany Limited 100,000 100,000 100,000 100,000

101,500 101,500 101,500 101,500

Impairment provision (1,500) (1,500) (1,500) (1,500)

Net Investemnt in equity accounted enties

100,000 100,000 100,000 100,000

Effective rate - - - -

17(i) DEPOSIT FOR INVESTMENTS

N’000 N’000 N’000 N’000

Chams Access - - 1,000,000 -

Chams Switch - - 207,092 -

- - 1,207,092 -


18. INVENTORIESGROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Terminals and consumables 934,998 984,998 99,662 140,642

Work in progress - 194,485 - 194,485

Goods in transit - 11,499 - -

Provision for obsolete inventory (647,416) (133,256) - -

287,582 1,057,726 99,662 335,127

19a. TRADE AND OTHER RECEIVABLESN’000 N’000 N’000 N’000

Trade receivables 3,424,020 3,789,024 3,040,257 3,273,733

Less: provision for impairment of trade receivables (19(d)) (1,476,202) (978,086) (1,314,748) (773,454)

Trade receivables - net 1,947,818 2,810,938 1,725,509 2,500,279

Receivables from subsidiary companies (Note 19f(i)) - - - 1,206,279

Receivables from related parties (Note 19(f(ii)) 13,249 335,358 - 322,109

Loan to related Company (Note 19(c)) - - 192,747 527,378

Total financial assets other than cash and cash equivalents classified as loans and receivables

1,961,067 3,146,296 1,918,256 4,556,045

Prepayments 20,354 10,056 1,667 1,200

Other receivables (Note 19(b)) 387,820 389,079 278,297 1,274,532

Total trade and other receivables 2,369,241 3,545,431 2,198,220 5,831,777

b. OTHER RECEIVABLESOther receivables N’000 N’000 N’000 N’000

Withholding tax 252,562 245,713 199,591 206,134

Directors current account 478 2,589 67 2,589

VAT 88,299 85,183 62,662 59,916

Deposit for Merchant-petcard SC - - - 207

Deposit for fixed assets - - - 3,150

Staff receivables 101,827 106,835 88,344 89,996

other receivables 25,352 44,550 8,331 8,331

Deposit for shares- Chams Access - - - 1,000,000

Less impairment allowance for staff loans and

directors current account (Note 19(e)) (80,698) (95,791) (80,698) (95,791)

Total other receivables 387,820 389,079 278,297 1,274,532

c. MOVEMENT IN LOAN TO RELATED COMPANY N’000 N’000 N’000 N’000

Balance at beginning of the year - - 527,378 527,378

Additions during the year - - - -

Transfer of data center - - (324,631) -

Write off - - (10,000) -

Balance at the end of the year - - 192,747 527,378

Term loan represents loan given by Chams Plc to Chams Access Limited at interest free rate



d. MOVEMENT IN IMPAIRMENT ALLOWANCE FOR TRADE RECEIVABLESGROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Balance at beginning of the year 978,086 860,034 773,454 558,804

Additions during the year 552,117 274,243 541,294 214,650

Write off (54,001) (156,191) - -

Balance at the end of the year 1,476,202 978,086 1,314,748 773,454

e. MOVEMENT IN IMPAIRMENT ALLOWANCE FOR STAFF LOANS AND OTHER RECEIVABLES

N’000 N’000 N’000 N’000

Balance at beginning of the year:

Staff debtors 95,791 95,791 95,791 95,791

Directors current account - 66,150 - 66,150

95,791 161,941 95,791 161,941

Write back during the year :

Staff debtors (15,093) (66,150) (15,093) (66,150)

Balance at the end of the year 80,698 95,791 80,698 95,791

Allowance for doubtful receivables was made on trade and other receivables which have been past due.

Receivables are considered to be past due when they exceed the credit period granted.

f. RECEIVABLES FROM SUBSIDIARIES AND OTHER RELATED PARTIESi. Receivables from subsidiaries

N’000 N’000 N’000 N’000

Card Centre Nigeria Limited - - 1,055,074 1,044,342

Chams Switch Limited - - - 161,937

Provision for impairment of amount receivable from subsidiaries - - (1,055,074) -

- - - 1,206,279

ii. Receivables from related partiesChams Consortium 41,875 41,875 41,875 41,875

Paymaster Nigeria Limited - 251,896 - 251,896

Chams Mobile 41,667 41,587 28,338 28,338

Provision for impairment of amount receivables from related Company (70,293) - (70,213) -

13,249 335,358 - 322,109

The ageing analysis of trade receivables that are past due but not impaired is stated below:

N’000 N’000 N’000 N’000

Up to 3 months 41,903 547,153 41,903 60,718

3 to 6 months 90,981 480,672 90,981 131,717

6 to 12 months 570,541 512,010 570,541 826,719

Over 12 months 1,244,393 1,271,103 1,022,084 1,481,125

1,947,818 2,810,938 1,725,509 2,500,279

Movements in the impairment allowance for trade receivables are disclosed in note 19(d) and 19(e)

Other classes of financial assets included within trade and other receivables do not contain impaired assets.



20a. INCOME TAXGROUP COMPANY

Current tax expense 2016 2015 2016 2015

Current tax on loss for the year: N’000 N’000 N’000 N’000

Company/Minimum Tax 36,274 45,796 26,355 36,083

Education tax 10,422 184 8,240 -

Capital gain tax - 1,872 - 1,872

46,696 47,852 34,595 37,955

Deferred tax expense

Originating and reversal of temporary differences - (35,556) - (35,556)

Total current tax 46,696 12,296 34,595 2,399

b. The reasons for the difference between the actual tax charge for the year and the standard rate of orporate tax in Nigeria applied to profits for the year are as follows:

2016 2015 2016 2015

N’000 N’000 N’000 N’000

(Loss)/profit for the year (1,471,917) (3,393,020) (1,873,838) 415,137

Corporate tax at the domestic rate of 30% (2015: 30%) (758,097) (1,017,906) (562,151) 124,541

Effect of income that is exempt from taxation (9,527) (46,857) - -

Effect of expenses that are not deductible in

determining taxable profit 890,050 668,009 685,750 578,172

Losses relieved (24,949) 396,754 - 176,860

Investment allowance (7) - - -

Adjusted loss/relieved (89,712) - (123,598) -

Capital allowances absorbed (7,758) - - -

Capital gains tax 36,274 1,872 26,355 1,872

Minimum Tax 10,421 45,796 8,240 36,083

Education tax - 184 - -

Originating and reversal of temporary differences - (35,556) - (35,556)

Tax expense 46,696 12,296 34,595 881,972

Effective rate (%) (3) (0.36) (2) 212



c. GROUPOPENING BALANCE

AT 31 DECEMBER

2015

RECOGNIZE IN NET

INCOME

RECOGNIZE IN OCI

RECOGNISE DIRECTLY IN

EQUITY

RECLASSIFY FROM

EQUITY TO NET INCOME

CLOSING BALANCE

AT 31 DECEMBER

2016

N’000 N’000 N’000 N’000 N’000 N’000

Deferred tax liabilities

Unrealised Exchange Gain - - - - -

Difference between NBV and TWDV 259,741 - - - - 259,741

Deferred tax liability 259,741 - - - - 259,741

Deferred tax assets N’000 N’000 N’000 N’000 N’000 N’000

Losses carried forward - - - - - -

Unutilised capital allowances 544,792 - - - - 544,792

Write off - - - - - (285,051)

Deferred tax assets 544,792 - - - - 259,741

(285,051) - - - - -

d. COMPANYOPENING BALANCE

AT 31 DECEMBER

2015

RECOGNIZE IN NET

INCOME

RECOGNIZE IN OCI

RECOGNISE DIRECTLY IN EQUITY

RECLASSIFY FROM

EQUITY TO NET

INCOME

CLOSING BALANCE

AT 31 DECEMBER

2016

Deferred tax liabilities N’000 N’000 N’000 N’000 N’000 N’000

Excess of NBV over TWDV 259,741 - - - - 259,741

Deferred tax liability 259,741 - - - - 259,741

Deferred tax assets N’000 N’000 N’000 N’000 N’000 N’000

Unutilised capital allowances 544,792 - - - - 544,792

Write off - - - - - (544,792)

Deferred tax assets 544,792 - - - - -

Net deferred tax liability movement (285,051) - - - - 259,741



e. STATEMENT OF FINANCIAL POSITIONGROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Balance as at 1 January 647,631 611,779 590,418 564,463

Charge/originating timing difference for the year 46,695 47,852 34,595 37,955

694,326 659,631 625,013 602,418

Payment during the year (12,637) (12,000) (1,000) (12,000)

Per Statement of Financial Position 681,689 647,631 624,013 590,418

f. The amount provided as income tax on the results of the Group and the Company is based on the provisions of Companies Income Tax Act CAP 21 LFN 2004 (as amended)

g. Education tax for the Group and the Company is computed at 2% of assessable profit in line with Education Tax Act CAP E4 LFN, 2004 as amended.

21. TRADE AND OTHER PAYABLES

N’000 N’000 N’000 N’000

Trade payables 907,010 1,057,822 602,608 640,555

Other payables and accruals (Note 21(a)) 2,164,712 2,799,675 1,382,394 2,019,348

Total financial liabilities, excluding loans and borrowings, classified as financial liabilities measured at amortised cost 3,071,722 3,857,497 1,985,002 2,659,903

Payable to subsidiary companies - - 25,387 36,267

Other payables - tax and social security payments 218,090 147,531 102,980 134,217

Total trade and other payables 3,289,812 4,005,028 2,113,369 2,830,387

21a. OTHER PAYABLES AND ACCRUALS

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Advances from customers 32,598 53,916 32,598 53,916

Salary payable 237,381 - 68,122 -

Creditors for sundries 344,900 796,269 263,940 767,099

ChamsCooperative 16,239 10,105 11,425 10,105

Withholdingtax 61,082 59,394 59,394 59,394

Value Added Tax 707,897 488,100 495,708 469,477

Deposit for shares 23,490 16,490 10,030 10,030

Accrued audit fee 10,400 16,000 5,600 6,400

Accruals and other creditors 677,321 1,359,401 435,577 642,927

Accrued tax penalty 26,536 - - -

Provision for finance charges 1,665 - - -

Deferred Revenue 25,203 - - -

2,164,712 2,799,675 1,382,394 2,019,348



22. LOANS AND BORROWINGS

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Bank Loan (Note 22(a)) 113,588 244,518 97,447 227,377

Other unsecured loan (Note 22(b)) 103,931 100,000 - -

Bank overdraft 8,675 208,840 - 200,554

Total Loans and borrowings 226,194 553,358 97,447 427,931

22a. MOVEMENT IN BANK LOANS

N’000 N’000 N’000 N’000

Balance at beginning of the year 244,518 18,851 227,377 -

Additions during the year - 227,377 - 227,377

Repayments (130,930) (1,710) (129,930) -

Balance at year end 113,588 244,518 97,447 227,377

Security on Facility

1. Admission into mortgage debenture on Head Office property.

2. Domiciliation of contract proceeds upon utilization of CFF

Personal Guarantee of Sir Demola Aladekomo, Former Group Managing Director

Personal Guarantee of two directors of Chams Plc supported by statements of Net worth

All Assets Debenture

22b. MOVEMENT IN OTHER UNSECURED LOANS

N’000 N’000 N’000 N’000

Balance at beginning of the year 100,000 - 244,518 18,851

Additions during the year 3,931 100,000 - 227,377

Repayments - - (130,930) (1,710)

Balance at year end 103,931 100,000 113,588 244,518

23. DUE TO RELATED PARTY

GROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Chams Access - - 25,387 36,267

The Group has neither made any provision for bad or doubtful debts in respect of related party receivable nor has any guarantee been given nor received during 2016 or 2015 regarding related party transactions.



24. SHARE CAPITAL

GROUP COMPANY

2016 2015 2016 2015

VALUE VALUE VALUE VALUE

Authorised: N’000 N’000 N’000 N’000

10 billion ordinary shares of 50 kobo each 5,000,000 5,000,000 5,000,000 5,000,000

NUMBER NUMBER NUMBER NUMBER

’000 ’000 ’000 ’000

10 billion ordinary shares of 50k each 10,000,000 10,000,000 10,000,000 10,000,000

Issued and fully paid: VALUE VALUE VALUE VALUE

N’000 N’000 N’000 N’000

4,696,060,000 ordinary shares of 50 kobo each 2,348,030 2,348,030 2,348,030 2,348,030

NUMBER NUMBER NUMBER NUMBER

‘000 ‘000 ‘000 ‘000

4,696,060,000 ordinary share of 50k each 4,696,060 4,696,060 4,696,060 4,696,060

25. RESERVES

i. Share premium

N’000 N’000 N’000 N’000

Share premium 5,458,750 5,458,750 5,458,750 5,458,750

ii. Revaluation Reserve

N’000 N’000 N’000 N’000

Revaluation reserve 959,065 959,065 959,065 959,065

iii. Retained Earnings

N’000 N’000 N’000 N’000

Opening balance (5,000,410) (1,654,792) (1,781,189) 831,906

Transfer from income statement (1,428,710) (3,251,697) (1,908,433) (2,519,174)

Dividend paid - (93,921) - (93,921)

At 31 December (6,429,119) (5,000,410) (3,689,622) (1,781,189)



26. CAPITAL RESERVE

GROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Opening balance 145,522 131,094 - -

Capital reserve on consolidation - 14,428 - -

At 31 December 145,522 145,522 - -

27. NON-CONTROLLING INTERESTS

N’000 N’000 N’000 N’000

Share capital 606,746 606,746 - -

Share premium 15,119 15,119 - -

Revenue reserves (1,268,372) (1,178,470) - -

At 31 December (646,507) (556,605) - -

28. CASH AND CASH EQUIVALENTS

Comprises: N’000 N’000 N’000 N’000

Bank and cash balances 183,327 157,445 122,022 99,930

Bank overdraft/borrowings (226,194) (553,358) (97,447) (427,931)

(42,867) (395,913) 24,575 (328,001)

29. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

Capital commitments

There were no capital commitments authorised by the Directors as at 31 December, 2016 (2015 - Nil).

Contingent liabilities

a) The contingent liability in respect of a pending litigation with a member of the group is One hundred and Ninety nine million naira (N199,000,000) with respect to certain contracts executed between the group and a third party.

b) A suit was filed against the Company for recovery of premises and rent with respect to a commercial space. The total possible liability of Chams Plc in the suit in view of the sum claimed is two million, three hundred thousand Naira, only (N2,300,000).

In the opinion of the legal counsel, the pending actions do not pose a threat to the Group’s present and future financial profile.

30. SUBSEQUENT EVENTS REVIEW

In the opinion of the Directors, there were no significant subsequent events that could have material effect on the state of affairs of the Company and its subsidiaries as at 31 December 2016 and on the loss for the year ended on that date, which have not been adequately provided for or disclosed in these consolidated financial statements.



31 . RELATED PARTY TRANSACTIONS

Related parties include the Board of Directors, the Group Executive Board, the Group Managing Director, close family members and companies which are controlled by these individuals.

During the year, the Company transacted business to/from its subsidiaries and associated companies These transactions were conducted on an arms length basis in the ordinary course of business.

The related party transactions arose among others from rents due and payments to suppliers. As at 31 December 2016 balances due from and to related Companies were as stated in Notes 20 and 22 to the consolidated financial statements respectively. The significant transactions with the related parties are disclosed below:

Transactions with Subsidiaries • Rent and service charges to Chams Access is N5.278million • Rent and service charges to CardCentre Nigeria Limited is N16.434 million

Other related partiesWorking capital loan to Chams Consortium from Chams Plc is N41 million

32. STAFF COSTS

Information regarding Directors and Employees

Staff Costs (including directors) Comprise:

GROUP COMPANY

2016 2015 2016 2015

N’000 N’000 N’000 N’000

Wages and salaries 323,967 516,251 153,957 341,414

Pension contribution 28,780 30,939 16,344 22,202

352,747 547,190 170,301 363,616

Emoluments of Directors of the Company were -

Fee:

Chairman 3,130 3,110 2,500 1,350

Other Directors 12,420 20,484 10,000 6,600

15,550 23,594 12,500 7,950

Fees (excluding pensions

contributions) include amounts paid to

The Chairman 2,500 1,460 2,500 1,350

The highest paid Director 2,500 1,460 2,500 1,350




OTHER NATIONAL DISCLOSURE

Consolidated Statement Of Value Added F O R T H E Y E A R E N D E D 31 D E C E M E B E R 2016

GROUP COMPANY

2016 2015 2016 2015

N’000 % N’000 % N’000 % N’000 %

Sales of products and services 1,482,037 1,610,478 641,435 914,929

Other income 407,161 158,260 397,450 176,179

1,889,198 1,768,738 1,038,885 1,091,108

Bought in materials and services:-

- Imported - - - -

- Local (2,707,260) (4,019,516) (2,660,259) (2,971,148)

Value eroded (818,062) 100 (2,250,778) 100 (1,621,374) 100 (1,880,040) 100

Applied as follows:

To pay employees:

Employees’ wages, salaries and

other benefits 325,741 (40) 547,190 24 153,957 (10) 363,615 (19)

To pay Government:

Income tax 46,696 (6) 12,296 (2) - - 2,399 (0.1)

To pay providers of capital:

Finance costs 15,909 (2) 161,512 7 15,520 (1) 155,538 (8)

To provide for replacement of assets and growth:

- Depreciation of property, plant and equipment

202,005 (25) 249,477 11 109,933 (7) 109,933 (6)

- Amortisation of intangible assets 20,296 (2) 30,444 1 7,650 - 7,650 (0.4)

- Profit and loss account (1,428,710) 175 (3,251,697) (141) (1,908,433) 118 (2,519,174) 134

(818,062) 100 (2,250,778) (100) (1,621,374) 100 (1,880,040) 100



OTHER NATIONAL DISCLOSURE

Consolidated Financial Summary F O R T H E Y E A R E N D E D 31 D E C E M E B E R 2016

GROUP COMPANY

2016 2015 2014 2013 2012 2016 2015 2014 2013 2012

ASSETS/(LIABILITIES) N’000 N’000 N’000 N’000 N’000 N’000 N’000 N’000 N’000 N’000

Property, plant and equipment 2,936,146 3,106,027 3,358,528 1,682,203 2,056,248 2,262,419 2,028,171 2,119,959 1,164,419 1,234,336

Intangible assets 157,140 84,641 104,615 98,703 135,113 75,652 83,303 90,953 98,703 105,113

Long term investments 100,000 100,000 100,000 100,000 100,000 1,945,985 1,945,985 1,945,985 1,973,605 1,973,605

Investment projects - 224,048 151,035 151,236 99,738 - 224,048 151,035 123,316 71,818

Deferred tax asset - 285,051 249,495 - - - 285,051 249,495 - -

Deposit for investments - - - - - 1,207,092 - - - -

Net current (liabilities)/assets (1,357,545) (445,415) 2,889,915 2,645,605 2,309,172 (414,925) 2,418,098 5,040,324 4,832,305 4,294,882

Provision for liabilities and charges - - - - (210,688) - - - - (210,688)

1,835,741 3,354,352 6,853,588 4,677,747 4,489,583 5,076,223 6,984,656 9,597,751 8,192,348 7,469,066

CAPITAL AND RESERVES

Share capital 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030

Share premium 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750

Fixed assets revaluation reserve 959,065 959,065 959,065 - - 959,065 959,065 959,065 - -

Revenue reserve (6,429,119) (5,000,410) (1,654,792) (2,892,657) (3,613,136) (3,689,622) (1,781,189) 831,906 385,568 (337,714)

Capital reserve 145,522 145,522 145,522 131,094 78,571 - - - - -

Goodwill - - - - - - - - - -

Revaluation reserve - - - - -

Non-controlling interests (646,507) (556,605) (402,987) (367,470) 217,368 - - - - -

Total equity 1,835,741 3,354,352 6,853,588 4,677,747 4,489,583 5,076,223 6,984,656 9,597,751 8,192,348 7,469,066

TURNOVER AND PROFIT

Turnover 1,482,037 1,610,478 4,115,835 3,439,197 2,835,705 641,435 914,929 3,336,359 3,142,035 2,604,113

(Loss)/Profit before taxation (1,471,917) (3,393,020) 261,805 106,923 169,627 (1,873,838) (2,516,775) 415,137 634,176 714,930

Taxation (46,696) (12,296) 18,622 81,541 (82,088) (34,595) (2,399) 31,201 89,106 (77,586)

(Loss)/profit after taxation (1,518,613) (3,405,316) 280,427 188,464 87,539 (1,908,433) (2,519,174) 446,338 723,282 637,344

Attributable to:

Owners of the Company (1,428,710) (3,251,697) 310,739 321,031 138,916 (1,908,433) (2,519,174) 446,338 723,282 637,344

Non controlling interest (89,903) (153,619) (30,312) (132,567) (51,377) - - - - -

PER SHARE DATA (Kobo):

(Loss)/earnings per share

Basic(kobo) (25) (69) 27 7 3 (39) (39) 30 15 14

(Loss)/earnings per share

Diluted(kobo) (25) (69) 7 7 3 (39) (54) 30 15 14

Net assets per share (kobo) 39 71 100 96 96 108 149 174 737 34


Corporate profile and subsidiary informationChams PLC is Nigeria's leading identity management and Identity transaction systems provider. Over the last 3 decades, Chams’ business evolved from computer and hardware maintenance to the provision of enterprise technology solutions in identity management and identity transaction systems for the public and private sectors.

Chams PLC is the first home-grown company to be listed in Guinness Book of Records for setting up the mega ChamsCity Digital Mall. It is also the first computer technology company listed on the Nigerian Stock Exchange.

Our Specialties as a group span Identity Management, Biometric Solution, Platforms and Business process outsourcing services , Electronic and Card payment systems, Mobile Payment, ATMs sale, deployment and support, POS deployment and support. Our passion for impacting and improving the quality of life through our innovative solution shines through time and again in key sectors of the Nigerian economy we serve.

PRODUCTS AND SERVICES

I D S O L U T I O N S

OVERVIEW

As the pioneer of identity management service in Nigeria, Chams PLC provides a robust platform for Identity management and identity transaction services. The Chams product suites is a result of years of research in smart card and identity management, substantial industry experience and expertise.

Having been involved in every major Identity project in Nigeria, Chams now offers a robust identity based solutions to serve a cross section of the economy, spanning private to public sector.

1 . E - C I T I Z E N

ABOUT

The Chams e-Citizen Suites is a range of solutions specially designed to address government administration issues using Identity Management technologies. It looks at specific areas of need of the government and provides solutions that consciously improve processes with keen attention on accuracy of data. At the heart of e-Citizens solutions is the creation of a highly reliable database of residents through which other services are delivered.

Component Products or Services (with short details or explanations)

Residency: The Chams Residents Enrolment solution establishes a comprehensive and unique database of all individuals resident in the state including the staff of state owned institutions and it would provide an authentic base infrastructure for planning, provision of social services and other modern e-Government services in the State.

Wage Bill Optimization Solution (WBOS): It is a collection of solutions designed to address identified areas of wastages, fraud, misappropriation and inefficiencies associated with managing wages for the government. The


component solutions of WBOS are as follows; Staff Audit, Payroll Management, Time & Attendance, Access Control and Pension Administration.

The Marriage Registry (TMR): The Marriage Registry is an online, real-time, robust & flexible marriage registration & Verification portal. It was developed to address the issues with manual processes of marriage registration that usually results in untimely revenue collection & reporting, marriage certificate forgery and lack of a centralized database for verification.

Waste Pay: The Chams Waste Management solution provides the government and waste collection operators an automated means of managing waste collections and payments. This solution in turn delivers for the citizens a cleaner and safer environment, eliminates impersonation and fraud, while creating more jobs for the citizens. Automated payments give the government exact details on properties for improved government operations.

Constituency Connect: The State Contact and Citizen Support Centre will serve as an enquiry, information gathering and Government service delivery unit for the citizens, thereby closing the gap between the Government and the led.

BENEFITS

• The residency database will be linked to all other systems in the State to allow for easy verification and several other benefits to the government and citizens.

• The WBOS addresses identified areas of wastages, fraud, misappropriation and inefficiencies associated with managing wages for the government.

• TMR improves efficiency of marriage processes and services.

• Constituency Connect provides an avenue for the Government to adequately cater for her people thereby providing basic needs per LGA.

• Waste Pay provides accurate identification of properties in the state and the waste they produce to allow for appropriate taxation.

2 . I G R H U B

IGRHub is a solution designed to assist with enumeration, calculation and collections of revenue due to authorities. Chams offers a partnership service model with the Government at all levels - local, state and federal governments for a seamless administration and management of collections and IGR related services.

FEATURES

• Rapid improvement in IGR collection

• A tax management application that automates income assessment, receipt issuance and all tax/levy processes

• Harmonization of all IGR related database

• Improve collection from leakages; properties, direct assessment, markets and other areas of IGR collection

• Engage in massive mobilization of citizens with a view to obtaining buy-in and collaborative support for the development agenda

BENEFITS

• Eliminate revenue leakages

C O R P O R A T E P R O F I L E A N D S U B S I D I A R Y I N F O R M A T I O N



• Increased IGR collection

• Rich tax database

• Improved service delivery with end-to-end e-payment and automation of all collections

• Availability of verifiable data for planning

• Heightened economic activity

• Better living standards

3 . N Q R

National Qualifications Registry (NQR) is a secure, international standard, online academic qualification verification framework for Nigerian Tertiary Institutions.

CHAMS PLC understands the challenges that academic qualification verification presents and recognizes the untapped opportunities in creating an improved secure online process.

FEATURES

• Online Admission Verification

• Online academic result verification Identification

• Biometric Identity Verification

• Secure Verification platform

• Payments Integration

• Data is owned and managed by participating institutions

• Transaction audit trail and logs

BENEFITS

• Increased Revenue for the Institutions from verification processing

• Cost reduction: Verification through ConfirmMe is less costly to the institution in the long run than traditional method which takes up good man hours.

• Process improvement and personnel effectiveness in results administration.

• Easier access to qualification repositories of other institutions.

• Easier access to verification services by end users.

• Self-audit service available to member institutions

• Highly secure repository.

• Adequate back-up / Data recovery availability

• Standardization of response to verification enquiries

• Improved ranking of tertiary institutions in Nigeria for efficiency.


4 . C O N F I R M M E

ConfirmMe is a robust verification platform that offers identity and credential verification services in Nigeria. The system connects various data sources to offer verification and validation of academic, Identity and other records. ConfirmMe is positioned to become technology platform for online real-time verification services across Identity repositories e.g. National ID, Bank Accounts ,Passport, Driver’s License, Qualifications, etc

FEATURES

• Online Credential Verification

• Online Credential Identification

• Biometric Identity Verification

• Secure Processing platform

• Centralization of qualification repositories

• Role Based Access Controls Process

• Payments Integration

• Data is owned by provider

• Transaction audit and logs

BENEFITS

• Reduction in cost of Verification by Institutions.

• Increased Revenue for Institutions.

• Process improvement and personnel effectiveness

• Time savings

• Standardization in processing of qualifications verifications.

• Easier access to qualification repositories.

• Highly secure repository

5 . M E M B E R S H I P S O L U T I O N

Our Membership portal is a robust, user-friendly and highly functional interactive system that is flexible enough to take all the requirements of a medium to large size organization.

The Membership Portal was designed to meet the needs of Public and Private Associations in the country with a need for more membership engagement and an easy and timely revenue collection process.

FEATURES

• Registration

• Verification

• eVoting

• Instant messaging

• Social media integration



• Important notices

• Secure payment collection

• Customised reporting and analytics

• Membership card

• Mobile App

Some of the Elective features organizations have requested for include but are not limited to

• Accounts Module

• Certificate Generation Module

• Events and Training Module

• Fellowship tracking Module

BENEFITS

• Easily verify Members

• Allows membership, groups, payments and other information to sit on one system

• Increase Membership Commitment & Engagement

• Members can use social Media to spread the Association’s activities

• Improve Operational Efficiency

• Members can interact and stay in touch anywhere they are with the Mobile App

6 . C H A M S C I T Y B U S I N E S S P R O C E S S O U T S O U R C I N G S E R V I C E

ChamsCity, a historical digital city is a pioneer in Nigeria and globally. It is a world class Digital Mall that facilitates transactions in payment, identification, pleasure and large-scale data management services.

ChamsCity holds the world record for the largest number of PCs in one digital mall at a time and has been certified by the Guinness Book of World Records.

Chams Offers Business Outsourcing services ranging from computer based training, computer based testing and call centres.

FEATURES

• Capability to accommodate large population up to 1000 persons at a time

• 1,000 High tech Apple iMac PC systems at our locations

• Strategic geographical location of facilities:

• Lagos

• Abuja

• Port Harcourt

• Noiseless and conducive Ambience



• Facility department which ensure the management of all facilities

• In house training capabilities

• 24 x 7 service rendered

• Toll free parking area

• 24 x 7 security measures: CCTV cameras and security personnel

• Ensured Privacy working area

BENEFITS

• Ability to test efficiently large numbers of people in batches or at the same time

• Impossibilty of impersonation due to system of verification in place

• Assurance of data integrity and no compromise

• Accessive to conducive environment and top-rated technology

• Seamless, stress free and fast process

• Flexibility in service delivery thus enabling our services to be tailored to the needs of the client



Corporate Directory

H E A D O F F I C E 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos

A B UJA O F F I C E Plot 1288, Ahmadu Bello Way, Area 11, Garki, Abuja

W E B S I T E A N D T E L E P H O N E N U M B E R SE-mail:[email protected] Website:www.chamsplc.com Tel: +234 (01) 4536526

AS S OC I AT E ChamsMobile Limited 128a Plot 9bNew Creation StreetOff Maruwa RoundaboutLekkiLagos

S U B S I D I A R I E S ChamsAccess Limited 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos

ChamsSwitch Limited 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos

CardCentre Nigeria Limited 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos


S/N NAMES

1. 2024 FUTURE IMPACT2. A & B CAR CONCEPT NIG LTD3. A. J. & FLIK NIGERIA LIMITED4. ABAGANA SUSANNA. U.5. ABAH UCHECHUKWU JONAS6. ABALOGU CHIOMA7. ABAMBA STELLA ISIOMA8. ABANI PETER UGOCHUKWU9. ABANIKANNDA OLATUNJI TAJUDEEN10. ABAWA ABDULLAHI ALIYU11. ABBA BASHIR JAYE12. ABBA BASHIR JAYE13. ABBA MUHAMMAD KWAJAFFA14. ABBAS HABIBA15. ABBAS RABI16. ABBY-KALIO IBIFIRI LOLIA17. ABDU ADAMA PINADO18. ABDUL EMMANUEL OLUWASEUN19. ABDUL LAWAL20. ABDULAHI SHEHU USMAN21. ABDULGAFAR ABDULHAFEEZ22. ABDULGAFAR AWWAL23. ABDULGAFAR HABEEB24. ABDULGANIYU HARUNA25. ABDULKADIR AMINU WADA26. ABDULKARIM MOSHOOD BIODUN27. ABDULKARIM SANI28. ABDULKARIM TUKUR29. ABDULLAHI ABDULKADIR ALHAJI30. ABDULLAHI ABU RIMI31. ABDULLAHI AISHAH32. ABDULLAHI AISHAT EBUN33. ABDULLAHI BASHIR ANANGI34. ABDULLAHI GUMEL JAMILA SANI35. ABDULLAHI HABIBU36. ABDULLAHI MARIAM KEMI37. ABDULLAHI MARYAM.38. ABDULLAHI SALEH BINTA39. ABDULLAHI SULEMAN ALHAJI40. ABDULMUMIN IMAN & INTISAR41. ABDULRAHAMAN AHMED42. ABDULRAHMAN A. GARBEL43. ABDULSALAM AYODEJI MAHMUD44. ABDULSALAM BABATUNDE ABDULSALAM45. ABDULSALAM ZARIYAT OMOBOLA46. ABDULWAHAB MUBAARAQ OLOLADE47. ABDULWAHAB MURITALA FARA48. ABDURRAHMAN ABDULLAHI49. ABDURRAHMAN BISHIR MAGAJI50. ABE ADETOKUNBO OLUSEGUN51. ABEEB PATIENCE I.52. ABERE SIJIBOMI53. ABEREFA ADEBAYO JAMES54. ABIDOYE MAJEED TUNJI55. ABIDOYE TAOFEEK OYEKUNLE56. ABIDOYE TAOFIK OWOLABI57. ABIMBOLA BABATUNDE58. ABIMBOLA OLAWALE SUNDAY59. ABIMBOLA ONALAJA SAMUEL A60. ABIMIKU JULIUS61. ABINA EMMANUEL FOLORUNSHO62. ABINA OLAOLUWA

S/N NAMES

63. ABINLEKO ISMAIL ADEWALE64. ABIODUN A. ADEMOYE65. ABIODUN ADEROJU MODUPEOLA66. ABIODUN AFOLABI KAREEM67. ABIODUN AZEEM AKINBIYI68. ABIODUN CELINA ABIKE69. ABIODUN FUNMI JOSEPH70. ABIODUN HELEN TITILAYO71. ABIOLA BABAJIDE A72. ABIOYE AHMED ADEWALE73. ABIOYE BILIKISU SHOLA74. ABIOYE DORCAS OMODELE75. ABIOYE KEHINDE TEMILADE76. ABIOYE OLUWASESAN OLUWAREMI77. ABISHAI VENTURES LIMITED78. ABK GOLDEN PROFILE LIMITED79. ABOKEDE MUSTAPHA ABIODUN80. ABOLARINWA KAYODE81. ABOLO PAUL CHUKWUWETA82. ABONYI CHARLES CHINEDUM83. ABONYI CHARLES CHINEDUM84. ABONYI EUPHEMIA OGECHUKWU85. ABORE HAUWA UMAR86. ABORODE ELIJAH A.87. ABRAHAM KAYODE WILLIAMS88. ABRAHAM OSAZELE89. ABRAHAM-AJAYI OLANREWAJU O.90. ABU JAFARU91. ABUBADA SOKO TAMUNO92. ABUBAKAR AISHA IGE93. ABUBAKAR ALI BALA94. ABUBAKAR ALIYU95. ABUBAKAR ALIYU (22)96. ABUBAKAR GARBA BAIDU97. ABUBAKAR ISA ALKALI98. ABUBAKAR KABIRU99. ABUBAKAR KUNDULI MUHAMMAD100. ABUBAKAR SADIQ BELLO101. ABUBAKAR SALIU102. ABUBAKAR UDU FATIMA AMAL103. ABUBAKARI SAEEDU ALIYU104. ACHIMUGWU OJONUGWA VIVIAN105. ACHUSIM APPOLONIA EMELUGINI106. ACHUSIM CYPRIAN UDOBATA107. ADADEVOH AMEYO STELLA108. ADAJI ELIZABETH ADAJI109. ADAMS NAZEEF UMAR110. ADAMSON REMILEKUN MODUPE111. ADAMU ALIYU112. ADAMU ALIYU PAKI113. ADAMU BINTA114. ADAMU BITRUS115. ADAMU CHIKA KOMA116. ADAMU ISMAILA117. ADAMU SAIDU SHABBAL118. ADAMU SANI KACHALLA119. ADAMU SULE SYLVESTER120. ADAMU VICTOR121. ADAMU YAHAYA YUSUF122. ADARAMAJA MOBOLAJI ABIODUN123. ADARAMEWA KAMORUDEEN OLUSUYI124. ADAUDU OBEYA ANDREW

S/N NAMES

125. ADEAGBO ADEBOWALE MUYIDEEN126. ADEBAMBO ABAYOMI127. ADEBAMBO GRACE OLUWANIFEMI128. ADEBAMBO OLUWABUKOLA ALICE129. ADEBAMBO OLUWATOYIN ADEBISI130. ADEBAYO ADEYINKA ISIAKA131. ADEBAYO GANIYAT ABIKE132. ADEBAYO GBENGA133. ADEBAYO ISIOMA IMELDA134. ADEBAYO MOSES TUNJI135. ADEBAYO OLUWASEGUN JOSEPH136. ADEBAYO RASHIDA AJOKE137. ADEBAYO SUNDAY138. ADEBESIN ADEOLA RAHAMAN139. ADEBISI ABIODUN CAROLINE KENNIE140. ADEBISI ADENIYI ARAUNSI141. ADEBISI MORUF ADETOLA142. ADEBISI PAULINA ADUKE143. ADEBISI RACHEL TITILAYO144. ADEBIYI OLUWASANMI AKANNI145. ADEBO VICTOR ESECHE146. ADEBOBUYI DEBORAH O.147. ADEBOMI EBUNOLUWA148. ADEBOMI JACOB KAYODE149. ADEBOWALE ADETUNJI O. A.150. ADEBOYE ADEJUMOKE ABOSEDE151. ADEBOYE ADELOLA152. ADEBOYEJO OLAYIWOLA ALEX153. ADEBUSOYE STEVE OLUWASEUN154. ADEDA OMOHWO MARTIN155. ADEDAYO ADEYINKA ADEYEMI156. ADEDAYO M. OLAJUWON157. ADEDAYO RAPHAEL GBENGA158. ADEDEJI ADEFOWOPE GBENGA159. ADEDEJI EMMANUEL ADEKOLA160. ADEDEJI ETHAN ADEYEMI161. ADEDEJI RONKE RUKAYAT162. ADEDINI AYOKUNMI RUTH163. ADEDIPE AMINAH OLORUNTOSIN164. ADEDIPE EZEKIEL OLUFEMI165. ADEDIRAN IDOWU OLUSEGUN166. ADEDIRAN OLUWAFEMI SUNDAY167. ADEDIRAN PAUL ADEBOWALE168. ADEDOKUN (MR & MRS) ADENIRAN169. ADEDOKUN TAIWO170. ADEEKO MODUPE OMOWUNMI171. ADEEKO TOLUWALASE ADESEUN172. ADEEYINWO OLASIJI BEN173. ADEFILA ADEBOLA OYINDAMOLA174. ADEFILA IBUKUN SUNDAY175. ADEFILA MICHAEL AJIBADE176. ADEFILA MOTUNRAYO FELICIA177. ADEFUYE OLUGBEMIGA178. ADEGBITE ADEDOTUN OLAWEPO179. ADEGBITE ADEYEMI LATEEF180. ADEGBITE OLUYEMI FADEKEMI181. ADEGBOYE ADEKUNLE182. ADEGBOYE ENITAN183. ADEGBOYE JAMES BABATUNDE184. ADEGBOYE KEHINDE ISAAC185. ADEGBOYE OLAJIDE186. ADEGBOYE OLUMAYOWA

S/N NAMES

187. ADEGBOYE OLUWOLE188. ADEGBOYE YETUNDE189. ADEGBOYEGA ADEOLU190. ADEGBOYEGA MICHAEL OLUSEGUN191. ADEGBULU ADEMOLA192. ADEGBULUGBE ADEBOWALE193. ADEGBUYI TAJUDEEN TUNDE194. ADEGOKE ADEDAMOLA195. ADEGOKE ADEKUNLE196. ADEGOKE ADENIYI197. ADEGOKE BASHIRU198. ADEGOKE FREDRICK199. ADEGOKE KOFOWOROLA200. ADEGOKE MARGARET ADEMIDUN201. ADEGOKE NAOMI202. ADEGOKE OKIKIOLA203. ADEGOKE OLUSINA AMOS204. ADEGOKE OLUWAYEMISI OMOWUNMI205. ADEGOKE OMOYENI206. ADEGOKE OYINJOLAYEMI207. ADEGOKE OYINKANSOLA208. ADEGOKE TEMITOPE ADENIKE209. ADEGOKE TENIOLA210. ADEGOKE WONUADE211. ADEGOKE YEWANDE212. ADEGOROYE GOKE213. ADEGUN FUNMILOLA AYODELE214. ADEGUN MAYOWA DOLAPO215. ADEGUNLE SUNKANMI AYODEJI216. ADEJINMI OLADOYIN JANET217. ADEJOKUN OLUBUKOLA ADEOLA218. ADEJORIN ADETAYO PRINCE219. ADEJUWON KAYODE STEPHEN220. ADEKANYE MUDASHIR ADENRELE221. ADEKEYE STEPHEN222. ADEKOLA TEMILADE223. ADEKOYA ADETOKUNBO NURUDEEN224. ADEKOYA OLUSOLA JULIUS225. ADEKOYA OWOLABI ADEBAYO226. ADEKOYA VICTORIA OLUWATOYIN227. ADEKUNLE ADETAYO ADEYEMI228. ADEKUNLE BAMIDELE229. ADEKUNLE EMMANUEL OLUDAISI230. ADEKUNLE KAYODE OLUFEMI231. ADEKUNLE OYINLADE232. ADEKUNLE SHALEWA OLASENI233. ADEKUNLE TEMITOPE ALBERT234. ADEKUNLE TOSIN ADERIBIGBE235. ADELAJA ADEBOLA AYODEJI236. ADELAJA ADETOLA ADEWUNMI237. ADELAKUN ADEDEJI WASIU238. ADELANI ADEKUNLE AFEGBAI239. ADELANWA DAVID ADETUNJI240. ADELEKAN DEBO(DR)241. ADELEKE ADEBAYO ADETUNJI242. ADELEKE ADEBOLA243. ADELEKE ADEGOKE AZEEZ244. ADELEKE ADERONKE RASHIDAT245. ADELEKE ALAO GAFAR246. ADELEKE BABATUNDE ABAYOMI247. ADELEKE BABATUNDE ABAYOMI248. ADELEKE OLUSOLA ADETORO

List Of Unclaimed Dividend AS AT 30TH JUNE 2017


S/N NAMES

249. ADELEYE ADETOLA OMOLADE250. ADELEYE OLUGBENGA ABIODUN251. ADELEYE OLUWASEUN BETTY252. ADELEYE SUNDAY LAMIDI253. ADELUSOLA MATTHEW GOKE254. ADEMEFUN KOLA OLUFEMI255. ADEMOLA SHAFIU ADEWOLE256. ADEMOSU OLASUPO257. ADEMOWO ADEBOLA E.258. ADENEKAN AYOOLA OLUWATOSIN259. ADENIGBA OMOTAYO TEMITOPE MRS260. ADENIJI ADEBAYO OLUSOLA261. ADENIJI ADEREMI262. ADENIJI TAOFEEK YOMI263. ADENIRANYE OLUFUNMILOLA ABISOLA264. ADENIYAN OLUFEMI ADEOLA265. ADENIYAN OLUFEMI ADEOLA266. ADENIYI ADEYEMI267. ADENIYI AKINTOYE268. ADENIYI MICHAEL BAMIDELE269. ADENIYI MOYOSORE ODUNOLA270. ADENIYI OLAYINKA ESTHER271. ADENIYI PETER ADEDEJI272. ADENIYI TOLANI ALADE273. ADENIYI WUMI OLUSHOLA274. ADENOLA DANIEL OLUWATOMISIN

TEMILOLUWA275. ADENOLA JESUTOFUNMI OLAMIDE MERCY276. ADENOLA OLABISI JANET277. ADENOLA OLUMUYIWA278. ADENUGA FELIIX AKINDELE279. ADENUGA OLUDAYO ADERONKE280. ADEOGUN ABDULGAFAR ABIODUN281. ADEOGUN IYIOLA282. ADEOGUN JANET OLASUNBO283. ADEOGUN MARIA FUNMILAYO284. ADEOLA ADEMOLA LEEROY285. ADEOLA ANIFOWOSHE286. ADEOLU ABAYOMI ADEMOLA287. ADEOSUN ADELEKE O.288. ADEOSUN ADESANMI OLORUNLEKE289. ADEOTI OLADELE290. ADEOYE ADETOLA MORENIKE291. ADEOYE ENITAN ELIJAH292. ADEOYE ESTHER AYO293. ADEOYE FREDRICK294. ADEOYE SAMUEL OLUMIDE295. ADEOYE TIMILEHIN KEHINDE (I.T.F)296. ADEOYE TOMIWA TAIWO (I.T.F)297. ADEPARUSI ADEBAYO298. ADEPOJU IYEBIYE OLUWADUNBARIN299. ADEPOJU OLUWASEGUN ADEKUNLE300. ADERETI OLASUNMBO OMOTOLA301. ADERIBIGBE OLASILE MORUFF302. ADESALU SHAKIRUDEEN ADEKUNLE303. ADESANYA ADEBAYO MAYOWA304. ADESANYA ADEBISI ADESOLA305. ADESANYA ADENIYI306. ADESANYA VICTORIA ADEOLA307. ADESEMOWO ADEFOLARIN OLAITAN308. ADESEMOWO OYEBADE OBASANJO309. ADESHINA BOLA310. ADESINA ADEDEJI OLAYINKA311. ADESINA OLABODE ADEBAYO312. ADESINA RASHIDAT OLUWATOYIN313. ADESINA REMI MOTUNRAYO314. ADESIYAN ADEOYE NICHOLAS315. ADESUJI TOLULOPE ADEYEMI316. ADESULURE ROSEMARY MODUPE317. ADESULURE ROSEMARY MODUPE318. ADESUNLOYE ADEBISI319. ADESUYAN OLUWEHINMI JOHN

S/N NAMES

320. ADETAYO B. BOLA321. ADETAYO STEPHEN ADEBAYO322. ADETIMIRIN OLUFEMI IYIOLA323. ADETOLA GABRIEL ADEBAYO324. ADETONA ADESHOLA325. ADETORO FEMI EZEKIEL326. ADETORO TAIWO327. ADETUGA ADEDOYIN TABURA328. ADETULA BABATUNDE TIMOTHY329. ADETUNJI ADESOKAN ELIJAH330. ADETUNJI AKINFENWA MARTINS331. ADETUNJI ELISHA332. ADETUNJI GRACE FOLAKEMI333. ADETUNJI SULAIMON AFOLABI334. ADEWALE OLAIDE SHAKIRAT335. ADEWALE ONATEMOWO336. ADEWOLE ADEJUMOKE OLUWATOYIN337. ADEWOLE ADEWALE NICHOLAS338. ADEWOLE BABATUNDE FARUQ339. ADEWOLE OPEYEMI MATTHEW340. ADEWON FOLAJOYE OLUMIDE341. ADEWUMI ABIMBOLA342. ADEWUMI TINUOLA ADEWUMI343. ADEWUNMI FUNMILAYO TOYIN344. ADEWUNMI STEPHEN AYINDE345. ADEWUYI ADEFUYI OLAYEMI346. ADEYANJU ADEOLA OLATUNJI347. ADEYANJU TIMOTHY AKANJI348. ADEYEFA KOFOWOROLA349. ADEYEFA OLUWAGBADE350. ADEYEFA OLUWAGBEMISOLA AJIBOLA351. ADEYEMI ADEBANJI ADEDEJI352. ADEYEMI ADEDOJA ALABA353. ADEYEMI ADEKUNLE MARK354. ADEYEMI ALBERT ADEYINKA355. ADEYEMI EDNA356. ADEYEMI LATEEF ADESOLA357. ADEYEMI M ADENIYI358. ADEYEMI MATTHEW OLANREWAJU359. ADEYEMI MUIBAT360. ADEYEMI OLUBUNMI OLUMIDE361. ADEYEMI OLUFEMI MATTHEW362. ADEYEMI OLUFUNMILAYO363. ADEYEMI OLUFUNMILAYO364. ADEYEMI RAHMAT OLURANTI365. ADEYEMI TAIWO RAHMAN366. ADEYEMI TEMITAYO PHILIP367. ADEYEMI WILLIAMS OLUSEGUN368. ADEYEMO ADESOLA ALEX369. ADEYEMO OLUSEGUN JOSEPH370. ADEYERI SUNDAY OLUGBENGA371. ADEYI OLUSOLA372. ADEYINKA ADEDAPO SUNDAY373. ADEYINKA OLUWAREMILEKUN374. ADEYOYE MONSURAT ARAMIDE375. ADIBITE BENJAMIN O376. ADIGUN ABIODUN OLALEKAN377. ADIGUN DAUDA MOBOLAJI378. ADIGUN MOSES ADEGBOLA379. ADIGUN OLAMIDE380. ADIGUN OLASUNKANMI381. ADIGUN OLAWALE AYINDE382. ADIGUN OLAWUNMI ALADEKOMO383. ADIGUN OLAWUNMI JOSEPH384. ADIGUN OMOWUMI T.385. ADIGWE EZEKIEL NDUBUISI386. ADIO ADEMOLA ALEXANDER387. ADIOS GLOBAL CONCEPT388. ADIRA AKISON389. ADISA BABAJIDE ABASS390. ADISA HAMMED OLANREWAJU391. ADISA OLABISI TEMITOPE

S/N NAMES

392. ADO SANI MAI HULA393. ADO YOLA ZAKARIYYA394. ADOGIE ABDULRAHMAN ALENOGHENA

(SOW)395. ADOLPHUS EBELECHUKWU EZENWA396. ADU OLUWASEUN OLATUNDE397. ADUBU-AYENI TAIWO AARINOLA398. ADUBUOLA ATINUKE TOLULOPE399. ADUKWU SAMUEL EMMANUEL400. AFANGIDE UDUAK401. AFOLABI ADEBAYO402. AFOLABI ADEDAYO BABATUNDE403. AFOLABI DELE404. AFOLABI MURITALA ABIOLA405. AFOLABI OLADAPO ABAYOMI406. AFOLABI OLADELE JOSEPH407. AFOLABI OLAYEMI KAZEEM408. AFOLABI OLUMUYIWA AFOLABI409. AFOLABI OMOWUMI EUNICE410. AFOLABI SUNDAY IBUKUN411. AFOLABI TABITHA ADUNOLA412. AFOLABI TITILAYO APEKE413. AFOLALU ABISOLA OLANREWAJU414. AFOLARIN BANWO415. AFOLAYAN OLUSOLA416. AFOLAYAN SUNDAY ANTHONY417. AFONNE JOSEPH-CHUKWUEMEKA418. AGADA SOLOMON AGADA419. AGARAWU KUDIRAT ADERONKE420. AGBABIAKA HABIBULAI AKINOLA421. AGBAEGBU NNAMDI422. AGBAFOR BLESSING423. AGBAGA ALPHONSUS KENECHUKWU424. AGBAGA ANTHONIA UKAMAKA425. AGBAGA SYLVANUS ODINAKA-OLISA426. AGBAPU CHIDOZIE427. AGBEBIYI ADELOLA TEMITOPE428. AGBETUSI KAYODE TOKUNBO429. AGBEYI IDAHOSA430. AGBO DANIEL431. AGBOKE SHAMSIDEEN TUNDE432. AGBOLA CATHERINE OLUSEUN433. AGBOLA CATHRINE OLUSEUN434. AGBOLADE ADEDEJI435. AGBOLUAJE KABIR LAWAL436. AGBONIBHI OSAGIE437. AGBOOLA MOYINOLUWA EYITAYO438. AGBOOLA OLAMIDE FOLUSHO439. AGBU FRANCISCA EBILI440. AGENE OMOLUMEN441. AGHEDO ANTHONY BLESSING442. AGHETE EDWARD FRANKIN443. AGIAMA OGHENEFEJIRO ANITA444. AGONSI LILIAN NKIRU445. AGSABO JACOB OGUNBIYI446. AGU AFAM447. AGU DONALD CHUKWUMA OGUEJIOFO448. AGU IFEOMA MARIA449. AGU MAXWELL NNABIKE450. AGU MAXWELL NNABIKE451. AGUGUO JACINTA CHINYERE452. AGUNBIADE ADEDAYO453. AGUNBIADE FESTUS ADELOYE454. AGWU CHUKWUEMEKA KALU455. AHAMEFULE RUTH IHUAKU456. AHANOTU UCHENNA INNOCENT457. AHMAD ADAM458. AHMAD GHARZALI AHMAD459. AHMAD LAWAL A460. AHMADU HARUNA ABDULKHALIL461. AHMADU PRINCE PAUL462. AHMED ALHASSAN D.

S/N NAMES

463. AHMED ALIYU AMINU464. AHMED AMINA MUSA465. AHMED MUNZALI ABDULLAHI466. AHMED SAID467. AHMED TEMITAYO OLUWAFEMI468. AHMODU AJARA469. AIGBIREMHON FELICIA OSEMEATA470. AIGBODION SUNDAY JOSEPH471. AIGBODJE OVO472. AIGBOGUN LEVIS OSARETIN473. AIGBOKHAEVBO EBOSEREMEN474. AIGBOKHAEVBO EFESEMOBOR475. AIGBOKHAEVBO OSEDEBAMEN476. AIGBOKHAEVBO REMEN AIGBOKHAEVBO477. AIGBOKHAEVBO UDUEHI KINGSLEY478. AIKPOKHIO MONDAY479. AILOYAFEN GRACE ONOSEGBUAN480. AIMS ASSET MANAGEMENT NOMINEES 1481. AIMS ASSET NOMINEES ACCT 1 -AIRA482. AIMS ASSET NOMINEES IIPMA483. AINA ADEBAYO ABIODUN484. AINA EMMANUEL SUNDAY485. AINA JOSEPH SUNDAY486. AINA OLAWALE OLUSEYE487. AIRA TECHNOLOGIES LTD488. AIRA TECHNOLOGIES LTD489. AIYEDOGBON SAMUEL AJAYI490. AIYELEYE FRANCIS BANKOLE491. AIYERIN OYEDELE492. AJA KALU493. AJA VICTOR OKO494. AJADI MUFUTAU AWEDA495. AJADI OLAWALE FATAI496. AJADI OLAYINKA497. AJAERO NGOZI VICTORIA498. AJAEZU FELIX AMAECHI499. AJAGBE ADEREMI OLAYINKA500. AJAGBUSI BOLARINDE501. AJAH EKEOMA502. AJAKO JULIANAH OLAJUMOKE503. AJALA ADESOYE OYINADE504. AJALA ESTHER NIHINLOLA505. AJALA IBRAHIM OLUWAKEMI506. AJANA JIMOH KELLY507. AJANI JAMIU508. AJANI WAHAB ABIDOYE509. AJAO MOSUDI AYINDE510. AJAO QASIM MAS'UD511. AJAYI ADEDIRAN GABRIEL512. AJAYI ADEDIRAN GABRIEL513. AJAYI BABATUNDE514. AJAYI BISOLA ADENIKE515. AJAYI BOLARINWA516. AJAYI COMFORT KEHINDE517. AJAYI GBENGA SAMUEL518. AJAYI KEHINDE OLUWATOYIN519. AJAYI OBE IFEOLUWA EKENE520. AJAYI OLANIYI OLALEKAN521. AJAYI OLANIYI STEPHEN522. AJAYI OLAROTIMI ADEREMI523. AJAYI OLUBODE JAMES524. AJAYI OLUFEMI ADESOJI525. AJAYI OLUWADARE ABIODUN526. AJAYI OLUWASHOLA MICHAEL527. AJAYI OLUWASOLA E.528. AJAYI THOMPSON STEVE529. AJEGBILE ADEBARE FOLAKE530. AJEKENRENBIAGHAN TUOYO WILLIAMS531. AJEKWUENU AUSTIN NWABUISI532. AJI OKORO UGO KIRE533. AJIAMAH ARMSTRONG534. AJIBADE BABATUNDE AYODEJI

L I S T O F U N C L A I M E D D I V I D E N D


S/N NAMES

535. AJIBADE OLUNIYI ABOLADE536. AJIBOLA FOLAKEMI OLUWAYEMISI537. AJIEH FESTUS OCHEM538. AJIMOTOKIN ADETAYO VICTOR539. AJIROTUTU SABAINA DOLAPO540. AJISEFINNI ADEBOLA SIKIRU541. AJITERU SOLOMON OYEYEMI542. AJIYA IDRIS HASSAN543. AJOBO TEMITOPE OLUSOGA544. AJOKU CHIBUZO NNAEMEKA545. AJOLOKO IDOWU OLAWALE546. AJOMAFUWE BEANICE IGBRUDE547. AJOMAFUWE GIFT548. AJOMAFUWE MABEL549. AJOMAFUWE PRECIOUS550. AJOSE OLUWATOYIN AJOKE551. AJOSE TUNDE IDRIS552. AJULO JOSEPH ILORI553. AKABOGU NCHEDO AUGUSTINA554. AKACHUKWU IHUARU UZUEGBU555. AKAEZE FEDELIS556. AKAEZE IFEANYICHUKWU FELIX557. AKAGBUSI IKECHUKWU MACAULAY558. AKAM JOSEPH AUGUSTINE559. AKAMELU OBIANUJU ADLINE560. AKAN BASSEY ENENE561. AKANBI ESTHER MOTUNRAYO562. AKANBI OLADELE OLADELE ABIOLA563. AKANDE AYODELE ALABA564. AKANDE BUKY565. AKANDE EUNICE OLUSOLA566. AKANDE MODUPE567. AKANDE OLUWANIFEMI OLUBUKOLA568. AKANDE OLUWANIFEMI OLUBUKOLA569. AKANDE THERESA OLUSOLA570. AKANUSI DICKSON571. AKAPO DEMILADE EDWARD572. AKAPO TAMILORE KIKILORE573. AKEMU FOLUKE FLORENCE574. AKENOBO CHARLES575. AKEREKAN OLASANMI JOHN576. AKINBAMBO RASHIDAT ADERONKE577. AKINBINU CYRIL ADENIYI578. AKINBISOLA AKINTAYO EBENEZER579. AKINBO OLAYIWOLA ADIO580. AKINBOBOYE OLUWABANKOLE

KOLAWOLE581. AKINBOBOYE OLUWABANKOLE

KOLAWOLE582. AKINBOBOYE WEYINMI DEBORAH583. AKINBOYE KAYODE BABATUNDE584. AKINBOYE OLUSEGUN ANDREW585. AKINDE OLUDOTUN586. AKINDE SOLA587. AKINDEINDE ADEBAYO588. AKINDELE FESTUS & OLUREMI589. AKINDELE HAKEEM AMOO590. AKINFENWA OLUBUNMI TOLULOPE591. AKINGBADE KEHINDE MONSURU592. AKINGBADE TAJUDEEN AKINRINMADE593. AKINGBE AJIBOYE JOSHUA594. AKINJOLA OLUGBENGA595. AKINJOLE KEHINDE596. AKINKUNMI ADEBAYO TAIWO597. AKINLABI BABALOLA ADEBOLA NURAT598. AKINLABI OLUWASEYI EMMANUEL599. AKINLABI YESIDE EBUNOLA MARY600. AKINLADE BUKOLA KUBURAT601. AKINLAJA FOLAKE TAIWO602. AKINLEYE ADEBOLA ADETUTU (MRS)603. AKINLOLU OLUWADARE604. AKINMULERO TAIWO JACOB

S/N NAMES

605. AKINNOLA OLUWADAMILOLA OLUBOWA606. AKINNUGBA ALICE UGONMA607. AKINOLA ABIOLA OLATUNBOSUN A.608. AKINOLA ADUKE GRACE609. AKINOLA FELICIA I.A&BABAJIDE

O(ADMORS)610. AKINOLA JOHNSON OLADIMEJI611. AKINOLA OLUWASEUN612. AKINPELU AKINWALE613. AKINRELE MARSHALL OLATUNDE614. AKINREMI JIDE FOLORUNSO615. AKINRINLOLA OLAFIOYE ABIODUN616. AKINRINLOLA OLAFIOYE ABIODUN617. AKINRODOYE ABIMBOLA618. AKINROTIMI FEMI619. AKINSANYA ADEOLU620. AKINSANYA AYOWUNMI JULIANA621. AKINSETE BABATUNDE ADELAKUN622. AKINSOYINU ABDUL YEKINI623. AKINTADE HELEN OMOWUNMI624. AKINTADE ROTIMI EMMANUEL625. AKINTERINWA KOLAWOLE OLUWAROTIMI626. AKINTUNDE OLUWASEUN627. AKINWA OYEWOLE FREDERICK628. AKINWALE MORUFF OLATUBOSUN629. AKINWALE TAWFIQ TAYO630. AKINWALE TINUOLA MARIA631. AKINWANDE JAMES ABIODUN632. AKINWANDE MOSES FOLORUNSO633. AKINWANDE OLAJIDE ISMAIL634. AKINWUSI TITILOLA MARIAN635. AKINYELE OLUWASEUN EMMANUEL636. AKINYELE OLUWASEUN EMMANUEL637. AKINYELE TAJUDEEN AKINTOYE638. AKINYEMI AMIDU AKANMU639. AKINYEMI IBIYEMI640. AKINYEMI JOSUA OJO OLUWAFEMI641. AKINYEMI KEHINDE642. AKINYEMI KOLA643. AKINYEMI MUYIWA644. AKINYOOLA MOSES AFOLABI645. AKNIYEMI OLUJIDE ABIODUN646. AKODAOLU SAMSON ABAYOMI647. AKOK MICHAEL648. AKOLO ABIODUN EMMANUEL649. AKOMOLAFE LADIPO650. AKOREDE OPEYEMI SULAIMAN651. AKOREDE OPEYEMI SULAIMAN652. AKOSILE ADEGBOYEGA RAZAK653. AKOSILE OLUWASEYI654. AKOSILE OLUYEMISI OMOWUNMI655. AKPABIO UDUAK MATTHEW656. AKPAN ANTHONY PIUS657. AKPAN OFONMBUK OKON658. AKPAN ROSEMARY JUMBO659. AKPAN UDINYANG JOHN660. AKPAN UKEME PETERS661. AKPANEKWERE ISRAEL JOSEPH662. AKPE ARHO663. AKPEJI AUGUSTINE AYODELE664. AKPEJI MONICA YETUNDE665. AKPEJI STELLA OMOBOLANLE666. AKPOBOME MARY ATUNYOTA667. AKPOMUDIARE AHANU CYNTHIA668. AKPORUGO JOEL PRESTON EJAIFE669. AKPUNONU JOY NWANNEKA670. AKPUOGWU ANAEFUNA671. AKPUOGWU MATHIAS672. AKRONG ABIODUN673. AKUBUEZE CHARLES UGOCHUKWU674. AKUBUILO EZEKIEL675. AKUCHIE JUSTICE

S/N NAMES

676. AKUE FRANCA677. AKUMABOR IMUETINYAN VICTORIA678. AKUTU KENNETH IKENNA679. AKUTU TIMOTHY EBUKA680. AKWAKA CLEMENT AZUBUIKE681. AKWAKWA EFE JOHN682. AKWARANDU NGOZI PAULINE683. ALAAFIN PETER ADEYEMI684. ALAAFIN PETER ADEYEMI685. ALABARAONYE KELECHI686. ALABE NURENI687. ALABEDE JONATHAN OLUSOLA688. ALABI ADIJAT OLUWATOYIN689. ALABI JERRY TUNSEYI690. ALABI MONICA OLUKEMI (MRS.)691. ALABI OLUSOLA IBRAHIM692. ALABI YUSUF BABATUNDE693. ALADE GBOLAHAN A.694. ALADE LAWRENCE AGBOOLA695. ALADE OLUWASEYI696. ALADEYOMI AKINGBADE ISOLA697. ALAEFULE FIDELIS ODINAKACHUKWU698. ALAGA KOLAWOLE MUFTAU699. ALAGBAOSO CHIDUBEM GERALD700. ALAJA-BROWNE FOLAYEMI701. ALAMAS MUSA NGALE702. ALAMU AKEEM703. ALAMUTU IMRAN YUSUF704. ALAO ABD-AL-BAARI OMOKOLAPO705. ALAO AL-HARITH OBAGBI OPEYEMI706. ALAO AYOKUNLE707. ALAO EMMANUEL SEGUN708. ALAO FRANCIS ADEYEMI709. ALAO LEKAN TAOFEEK710. ALAPOTIOWO TAOFEEK ABIOLA711. AL-ASA NIGERIA LIMITED712. ALASE OLORUNSOGO JULIUS713. ALASHI OLADELE714. ALATISE ABIODUN OLASUNKANMI715. ALAWIYE ELIZABETH OLUWADAMILOLA716. ALAWIYE HANNAH OLUWAREMILEKUN717. ALAWODE GIDEON OLUSHOLA718. ALAWODE RICHARD OLUSEUN719. ALBASU ABDULRAHMAN BASHIR720. ALBERT VICTORIA721. ALEEM ABOLADE MUSAFIU722. ALEJO OLAWANDE OLAYINKA723. ALEXANDER JOHNSON ABIAJE724. ALI ABDULMUMIN725. ALI AMBISISI DANLAMI726. ALI AUDU727. ALI FLORENCE KINYAR728. ALI MOHAMMED MOHAMMED729. ALICORN CAPITAL 1YMCQ1 PORTFOLIO730. ALIDU CHRISTOPHER731. ALIGASIM ONYINYECHI732. ALIGO CHINEDU VINCENT733. ALIKU DUMBI ARTHUR734. ALIMHINGBE MICHAEL OWHEGOJABO735. ALIU IBRAHIM ABIODUN736. ALIYU HAMZA ABUBAKAR737. ALIYU HASSAN738. ALIYU JUWARETU OHUNENE739. ALIYU MOHAMMED JIMOH740. ALIYU MUHAMMADU741. ALIYU WAHIRAT MUSTAPHA742. ALIYU YUSUF743. ALLI BABATUNDE OLUMUYIWA744. ALLI BALOGUN TOKUNBO (DR)745. ALLO MORONKEJI746. ALLO RASHEEDAY747. ALLWELL-BROWN SIENNE

S/N NAMES

748. ALO ADEREMI ABRAHAM749. ALO EDWARD OLUSEGUN750. ALO ISAAC751. ALO MATTHEW ONI752. ALOBA BABATUNDE LAYIWOLA753. ALOBA BOLANLE754. ALOBA DAMILOLA MORAKINYO755. ALOBA OLAKUNLE OLASUNKANMI

OLALEKAN756. ALOBA OLASUPO OLUWASEYE757. ALOBA OLUWASEYI CALEB758. ALOBA OYEBANJI RASAK759. ALOGBE OTHUKE EPHRAIM760. ALOH ALEXANDER CHINEDU761. ALOMO ABDULRASHEED ABIOLA762. ALONGE AYODELE763. ALUFOHIA ADORABLE OMON MISS764. ALUFOHIA JEWEL ODION MISS765. ALUKO ADETORO766. ALUKO BOSEDE KEMISOLA767. AMACHREE ABIYE AUGUSTINE768. AMADI SEBASTINE EJIOFOR769. AMAJUOYI ANITA770. AMAKIRI DORCAS T771. AMAMA JACOB CHINEDUM772. AMANARI OGEONYE CHARLES773. AMAO ABDUL - RASAQ OWOLABI774. AMAO OLAJIRE OMOWUNMI775. AMAO SEGUN776. AMBODE OLUWAJOMILOJU JUMOKE777. AMBODE OLUWATOFUNMI OLASUBOMI778. AMEADAJI ILEMONA779. AMEADAJI OJONE780. AMEADAJI OJONUGA781. AMEEN MUBARAK AHMAD782. AMEEN MUHAMMED B A783. AMEH MARY784. AMINADOKI DAVID T785. AMINU ABDULHAMID AREMU786. AMINU AMINAT OMOLARA787. AMINU FATIMA SAFANA788. AMINU IBRAHIM789. AMODENI ADEMILUYI ADETOLU790. AMODU BASIRAT A.791. AMODU FAUSAT OLUWATOYIN792. AMOKE ONYEBUCHI EMMANUEL793. AMONIYAN OLUWADUROTIMI OLADELE794. AMOO TOPE SALIU795. AMOO TOPE SALIU796. AMOS BISI MICHAEL797. AMOS EMMANUEL798. AMOS-OSEBEYO BOLARINWA-GD/M A/C799. AMU CHARLES AGBOLOGA800. AMUDA ADEKUNLE OBASANJO801. AMUND AYODEJI PAUL802. AMUSAN FEMI OLA803. ANAEBO MICAHEL UCHENNA804. ANAEVUNE AUSTIN805. ANAMENE COSTANCE NONYE806. ANASONYE ANDREW807. ANAZODO ROSEMARY IFEYINWA808. ANDEOBIH LTD809. ANDY STEVE MOMOH810. ANENE KENNETH CHUKWUEMEKA811. ANGEL TOLUWANI F. C.812. ANGELA TELLA MORIAMO813. ANI NICHODEMUS814. ANI PHILIP NWITTE-EZE815. ANIDUGBE KOFOWOROLA OLAITAN816. ANIFOWOSHE FOLASHADE NUSIRAT817. ANIFOWOSHE O. ADEOLA818. ANIKE EMEKA PAUL



S/N NAMES

819. ANIKWE JOSEPHAT UCHENNA820. ANIMASHAUN AISHA MORADEYO821. ANIMASHAUN AL-FUR'QAN FOLORUNSHO822. ANIMASHAUN NADIA OLAOLUWA823. ANIMASHAUN NIMATA OLAYINKA824. ANIMASHAUN RASHEEDAT ADEBIMPE825. ANNY-MUOJEKWU CHICHETA Q.

EMMANUELA826. ANNY-MUOJEKWU CHIDIMMA NANCY

PRECIOUS827. ANNY-MUOJEKWU CHIOMA GRACE828. ANNY-MUOJEKWU TRACY829. ANNY-MUOJEKWU UCHECHI JOYCE MERIT830. ANOINTED FEET PRIVATE SCHOOL831. ANOKE NNANNA JOHN832. ANONYE CHIBUZO BARTHOLOMEW833. ANOSIKE ERIC IKENNA834. ANOSIKE ONYEMAUCHE JAPHET835. ANOZIE DOMINIC836. ANSARI RUTH837. ANTHONIA O. OLULEYE838. ANUCHE NGOZI MAUREEN839. ANUFORO IBE840. ANUNTU QUEENDALINE IFUNANYA841. ANURUKEM CHIMA842. ANYAEGBU CHUKWUDI MARCUS843. ANYAELE NNENNA844. ANYALEWECHI SAMUEL CHINONYEREM845. ANYANWU BERNARD OBIDINMA846. ANYANWU BUKOLA MARYAN847. ANYANWU CHARLES CHIMELA848. ANYANWU CHUKWUMA849. ANYANWU HILARY UGOCHUKWU850. ANYANWU LILIAN MEDLINE851. ANYANWU NWAMAKA JOAN852. ANYANWU STANLEY ONYEDIKACHI853. ANYIAM FLORENCE ONYINYECHI854. ANYIKWA ANYIKWA (CHIEF)855. APATA ADEDAYO TOBA856. APEL ASSET AND TRUST LIMITED857. APETE AMUNDA AJIUN858. APIAKA STEPHEN OKECHUKWU859. APOESO BABATOPE OYEBOLA860. AQUANOX NIGERIA LTD861. ARAGBUWA OLUWAGBENGA OLUMIDE862. ARAGBUWA OLUWAGBENGA OLUMIDE863. ARAOYE CHRISTIANAH OLABISI864. ARAROMI MOSQUE YOUTH ASSOCIATION865. ARASE GRACE MUAME866. ARCHIBONG LOUIS EDEM867. AREGBESOLA FOLASASE JELIAT868. AREGBESOLA THOMAS BABATUNDE869. AREMU AKINTUNDE JOHN870. AREMU FOLAKE THERESA871. AREO ABRAHAM BABATUNDE872. ARIBALOYE BABAJIDE873. ARIBALOYE OLUWADAMILARE874. ARIBILOLA AYOTOMIWA A875. ARIDOZ INVEST. & PROPERTIES LTD876. ARINZE CHUKWUNONSO BENNARD877. ARINZE IJEOMA MARY-ANN878. ARISE ABIMBOLA KEMISOLA (MRS)879. ARIT AKPAYEN880. ARIWODO ABEL NDUBUISI881. ARIYOH RILWAN ABIODUN882. AROGBAOLA AKINWANDE NIYI883. AROGUNDADE FESTUS OLUFEMI884. AROGUNDADE WASIU ABAYOMI885. AROH CHUKWUDI BENJAMIN886. AROH LEONARD UZODINMA887. AROKOYU OLUSOLA FLORENCE888. AROMIRE ARAMIDE

S/N NAMES

889. AROMIRE FELICIA MULIKATU890. AROWOBUSOYE TAIWO PAUL891. AROWOLO LATEEF ADEKUNLE892. AROWOLO MONSUR OLADIPUPO893. AROWOLO OLUSEUN GBADEBO894. AROWOROWON YUSUF OBALOWU895. AROWOSHOLA OLUFUNMILAYO

ADERINSOLA896. ARUBI UGBEM AGAMA897. ARUNA ANTHONY898. ARUNA OLADEINDE WASIU899. ARUNAH DENIS900. ASAKAH OLUCHI PRISCA901. ASHIRU IDOWU BASHIRU902. ASHIRU MONSURU ADISA903. ASHIRU-BALOGUN ADEOLA904. ASIKOKO DANIEL OHIHON905. ASOMUGHA TOCHUKWU GABRIEL906. ASOR CHARLES ONYEKA907. ASU ARCHIBONG UTONG908. ASUA JACOB IORKOHOL909. ASUBIOJO ABIODUN OLADAPO910. ASUBIOJO OLUWEMIMO COMFORT911. ASUENI CHARLES912. ASUKWO OKOH913. ASUNMO RASAQ AJAYI 2914. ASUQUO EDET EDEM915. ASUQUO NYENAM BASSEY916. ATALOR ABEL917. ATANDA AJIBOYE KAYODE918. ATHROL NIGERIA LIMITED919. ATITEBI OMOBOLADE ADEOLA920. ATOLAGBE VICTORIA ODUNOLA921. ATOYEBI IBUKUN BABATUNDE922. ATOYEBI KAZEEM WALE923. ATOYEBI OLUWASESAN GABRIEL924. ATSANDA RAS CYRIL925. ATTAH OGOCHUKWU926. ATTAHIRU SUWAIBA BAFARAWA927. ATTAMAHCHUKWU VALENTINA

OSAYEMWENRE928. ATTAZAIKI ISMAIL929. ATUANYA ANTHONY TOCHUKWU930. ATUBE EMMANUEL CHIBUZOR931. ATUNDE LOOKMAN932. ATUNNISE ADETOLA FAVOUR933. ATUONWU NANNA VICTOR934. AUDU MARY ADUN935. AUDU MONDAY HAPPINESS936. AUGUSTA OGBON937. AUWA TITILAYO BASIRAT938. AVROSYN IMPEX LIMITED939. AVWARURORO PETER ERERE940. AWAH HELEN C/O CHIKA UMEDEZIE941. AWAZIE NDUBUISI CHUWUNYERE942. AWE ADEBISI JANET943. AWE OLAMIDE DAVID944. AWODEIN OLUBUKANYO BIODUN945. AWODERU OLUWOLE946. AWODOYIN OLUWATOSIN IFEDOLAPO947. AWOFESO EZEKIEL ADEDAYO948. AWOJOBI OLUSOJI A. IDOWU949. AWOJOOPU BANKE YETUNDE950. AWOLUSI RONKE MONISOLA951. AWONAIKE ADEDAMOLA OLAOLUWA952. AWONAIKE ADEOLUWA

OLUWAPAMILERIN953. AWOPETU OLUWAKEMI TOLULOPE954. AWOSAN MONISOLA955. AWOTIWON BOLUWATIFE DAVID956. AWOTIWON OLUWAPAMILERIN OLADAPO957. AWOTULA AYODEJI OLUSHOLA958. AWOTUNDE ADEGOKE ABEL

S/N NAMES

959. AWUJOOLA OLUSESAN JOSHUA960. AXHOLMES NOMINEES LTF "IK"961. AYALOGU ERIC962. AYANDELE SUNDAY AYANTUNJI963. AYANGBA EBI NAOMI964. AYANLEYE ZAINAB FEHINTOLA965. AYANLOLA TIMOTHY AYANLABI966. AYAYA EMMANUEL967. AYEDIRAN FUNMILAYO968. AYEGBO REBECCA DAMILOLA969. AYELE PATRICK ILOBA970. AYENI ABIODUN EMMANUEL971. AYENI AGNES OLAWUMI972. AYENI ALEXANDER973. AYENI CHIDUM ULUNMA974. AYENI IFEOLUWA RUTH975. AYENI OLAKUNLE OLUWABUNMI976. AYENI OLORUNGBON DAVID977. AYENI PRECIOUS FISAYOMI978. AYENI RISIKAT MONISOLA979. AYEOYENIKAN AUGUSTINE ITUNUOLUWA980. AYEWOLE ADEWALE AKINADE981. AYILARA FALILATU ASANI982. AYINDE ABIMBOLA OMOTANWA983. AYINDE OLUBUKOLA ADEOLA984. AYINLA RALIAT ABIKE985. AYIYE MUHAMMAD IDRIS986. AYMUR INVESTMENTS LTD987. AYO IGE MAYOWA988. AYO LAWANI989. AYODELE JOSEPH OLUSOLA990. AYODELE MATTHEW AREMU

AYOBAMIDELE991. AYODELE OLUSEGUN992. AYODELE-BAMISAYE AKINTAYO OPEYEMI993. AYO-IDOWU OZE994. AYUBA ALIYU995. AYYG & SONS NIGERIA LIMITED996. AZEEZ BABATUNDE GBOLAHAN997. AZEEZ HAMIDU OLALEKAN998. AZEEZ JIMOH OGUNBANWO999. AZEEZ KAZEEM ADEROJU1000. AZEEZ MUFUTAU ADENIYI1001. AZIKIWE ABIODUN NWACHUKWU (DR)1002. AZODOH OBIAGELI IMMACULATE1003. AZUBUGWU EUNICE CHINELO1004. AZUBUIKE KAMSI JESSICA1005. AZUONWUN COLLINS UCHENNA1006. BA'ABA ABUBAKAR1007. BABAJIDE FARMS LIMITED1008. BABAJIDE ISIAKA AMOO1009. BABAJIDE OLUWASANMI1010. BABAJIDE SUNDAY ADELEKE1011. BABALOGBON TEMITOPE JOSEPH1012. BABALOLA ADEBIMPE NURAT1013. BABALOLA ADEGBOYEGA ADESOJI1014. BABALOLA AJOKE SUMAIYAH1015. BABALOLA IBIDUN HENRIETTA1016. BABALOLA IBRAHIM REMI1017. BABALOLA JAMEELA ONAOPEMIPO1018. BABALOLA NASIRUDEEN

OLUWATOBILOBA1019. BABALOLA OLAYINKA JOB1020. BABALOLA OLUSOLA1021. BABALOLA OLUSOLA1022. BABALOLA SUMAIYA OMONIYI1023. BABAMA'AJI YAKUBU1024. BABA-MANU MARYAM1025. BABA-MANU RUKAYYATU1026. BABARINDE TOLANI IJECHE1027. BABARINSA OLATUNDE1028. BABATUNDE ENITAN OLUFEMI

S/N NAMES

1029. BABATUNDE OLUSOLA EMMANUEL1030. BABATUNDE SEUN1031. BABAYARO BARAATU1032. BABFAL NIG LTD1033. BADEJO ADEBUKOLA JENIFFER1034. BADEJOKO ADETOLA O.1035. BADMOS MARGARET OLUBUNMI1036. BADRU FALILATU JANE1037. BAFFA MUHAMMAD IDRIS1038. BAJAH EMIKO1039. BAJERE IRENE MIRURAYEHINE1040. BAKARE ADEBISI OLUWAYEMISI1041. BAKARE AZEEZ OLATUNJI1042. BAKARE BAKARE ADEBAJO AKEEM1043. BAKARE FAUSAT OLAYEMI1044. BAKARE FAUSAT OLAYEMI1045. BAKARE FOLARIN ADEWALE1046. BAKO JAMILA SANI1047. BALA NEEMAT1048. BALARABE LAWAL HALIMATU1049. BALLYTECH NIGERIA LIMITED1050. BALOGUN ADENIYI SHAKIRU1051. BALOGUN ADENIYI SHAKIRU1052. BALOGUN ALABA1053. BALOGUN OMOOLADE OLUWAGBEMI1054. BALOGUN OYEYINKA ABDULGAFAAR1055. BALOGUN OYINDAMOLA OLUSOLA1056. BALOGUN SAHEED ABIODUN1057. BALOGUN SIDIKAT1058. BALOGUN SULAIMON ABDULAHI1059. BALOGUN TAJUDEEN1060. BALOGUN Y.1061. BAMGBOPA ABDULAZEEZ KAYODE1062. BAMGBOPA KEHINDE1063. BAMGBOYE YOMI OLUWASEUN1064. BAMIDURO KEHINDE BUKOLA1065. BAMIGBETAN BAMIDELE1066. BAMIGBETAN DELE1067. BAMIGBETAN DOTUN1068. BAMIGBETAN KAYODE1069. BAMIGBETAN OLADOTUN1070. BAMIGBETAN OLUKAYODE1071. BAMISILE ABIOLA O1072. BANKING RESOURCES LIMITED1073. BANKOLE J. O. (CHIEF)1074. BANKOLE TAOFIQ ASHOLA1075. BAPPA INUWA MUHAMMAD1076. BASHARU HASHIYA HARUNA1077. BASHIR ABDALLAH LERE1078. BASHIR FATIMA UMAR1079. BASSEY CALED1080. BASSEY HANNAH UDOH1081. BASSEY IFREKE IME1082. BASSEY OMINI EKPO1083. BAZUAYE KINGSLEY OSAYANDE1084. BEENAT INTERNATIONAL COY LTD1085. BEKEDEREMO MORRISON1086. BELLO ADEOLA1087. BELLO ADISA SULE1088. BELLO AISHA BABA1089. BELLO GUSAU ABDULRASHEED1090. BELLO IBRAHIM ZARAU1091. BELLO KOKO SHEHU MOHAMMED1092. BELLO MOSES OLUMUYIWA1093. BELLO MUSA JUNAIDU1094. BELLO NURA MUHAMMED1095. BELLO NURA MUHAMMED1096. BELLO OLUTAYO TOKUNBO MISS1097. BELLO RASAQ OLADIPUPO1098. BELLO SUHAILA1099. BELOCHUKWU JOSEPH1100. BENNIBOR SHIONO ALLEN (MR)



S/N NAMES

1101. BENSTOWE SHADRACH OGBULU1102. BILLIE SHEHU SALISU1103. BIMLAG PRIESTLY TRAIN FOUNDATION1104. BINDAWA JUNAID SANI1105. BIOKO BINAEBI NANCY1106. BLUE MARINA COMPANY LIMITED1107. BOBBOI A. AHMED1108. BOB-MANUEL HELEN IBIBA1109. BOKO MARY UMARU1110. BOLAJI MUSTAPHA TUNDE1111. BOLAJI STEPHEN DELE1112. BOLARINWA ATINUKE HABIBAT1113. BOLARINWA EKI1114. BOLARINWA OLUMIDE DANIEL1115. BOLODEOKU ADEDAMOLA1116. BOLOU-SOBAI BODISE LEBRUN1117. BOLU RONKE1118. BOLUWATIFE OPEYEMI1119. BON-AMAKIRI CHIAMAKA FORTUNE1120. BOROMA YAKUBU MOHAMMED1121. BOSSEY FRANCIS EGBHATSE1122. BRAIMAH ABDULMUMINI1123. BRIBENA EMMANUEL OYINKURO1124. BRIGHTHOUSE ESTATE LTD1125. BRIGUE EBRUCE FLOREEN1126. BRISKILA JAMES1127. BROWN IAN1128. BROWN IBIFUBARA1129. BROWN MARK1130. BROWN NOEL ODOYO1131. BUARI ABIMBOLA OMOLARA1132. BUARI MOHAMMED ADEBAYO1133. BUARI TESLIMAH TOLULOPE1134. BUARI ZAHRA OLUTAMILORE1135. BUBA GWARY HAJARA1136. BUHARI SARIYAT BOLA1137. BUKBEE 'N' J LIMITED1138. BUKO AZUKA MARGARETH1139. BUKOL NIGERIA LIMITED1140. BUKOLA-AJETUNMOBI NGOZI1141. BURA ALHAJI GUJARI1142. BURAIMOH STELLA OMONIKE1143. BUSARI AKEEM OLATUNJI1144. BUSARI RAZAAK ADEKUNLE1145. BUSARI SULEIMAN OPELOYERU1146. BYFORTE NIGERIA LIMITED1147. CAC ALABUKUN BENEVOLENT GROUP1148. CACTEDIB VENTURES1149. CANDIDO M. ENTERPRISES1150. CANNES INDUSTRIAL1151. CARDINAL DEVELOPERS & TRUST LTD1152. CASHVILLE INVESTMENT & SEC. LTD1153. CATHEDRAL OF ST PETERS AKE1154. CAULCRICK SAMUEL OLUDAMILOLA1155. CAXTON NIGERIA LIMITED1156. CHEN DAVID FANEN1157. CHIABUOTU EMMANUEL NDUBUISI1158. CHIAGOZIE ESSIENAWAN NNENNA1159. CHIBIKO GODSON ONYEJI1160. CHIBUIKEM JAMES OJIAWA1161. CHIBUIKEM REX CHIDIEBUBE1162. CHIBUZO-ONYEBUENYI CHIKA B.1163. CHIBUZOR FRED AKOSA1164. CHIBUZOR NNAEMEKA OKAFOR1165. CHIDOKA OBINNA1166. CHIDOKA SAMUEL1167. CHIDOZIE CHIKE1168. CHIEJINE NWADINMA EMMANUEL1169. CHIGBU KINGSLEY NDUBUSI1170. CHIJIOKE CHINEDUM1171. CHIJIOKE EVELYN NNENNAYA1172. CHIJIOKE VICTOR

S/N NAMES

1173. CHIKELUBA COLLINS1174. CHIME ANDREW OGBONNA1175. CHIME ROMANUS IKECHIKWU1176. CHIMEZIE NGOZI1177. CHINAKA CHINONYE1178. CHINAKA UBA1179. CHINECHEREM FABIAN E.1180. CHINEDU STEPHEN1181. CHINEKEZI DANIELA CHINAZAEKPERE1182. CHINWEZE MMADUKA ANTHONY1183. CHIVALRY MERCHANTS & BROKERS LTD1184. CHIZCON GLOBAL VENTURES LTD1185. CHOKI TELESPHORE1186. CHRIS-ALADUN UGOCHUKWU CHINEDU1187. CHRIST SOWERS LADIES LEAGUE1188. CHRISTOPHER EMEKA1189. CHUKWU ANN1190. CHUKWU BOBBY THEOPHILUS1191. CHUKWU CHIBUEZE ALOYSIUS1192. CHUKWU EVELYN CHIBOGU1193. CHUKWU GODWIN1194. CHUKWU VICTORIA ADAH1195. CHUKWU VIVIAN1196. CHUKWUEBUNI PATRISON1197. CHUKWUEDO AUSTIN IKECHUKWU1198. CHUKWUEKETE CHRISTOPHER1199. CHUKWUEKEZIE SOMTOCHUKWU

GODWIN1200. CHUKWUEMEKA CHINYELU1201. CHUKWUEMEKA GABRIEL CHIKA1202. CHUKWUJINDU IZUCHUKWU NDUBISI1203. CHUKWUKA BARNABAS C.1204. CHUKWUKERE SYLVESTER CHINYERE1205. CHUKWUMA ANYANWU1206. CHUKWUMA KENECHI EBUKA1207. CHUKWUMA ONYEWUCHI STELLA1208. CHUKWUMA PAUL NNODI1209. CHUKWUMALU UJU MARYLINDA1210. CHUKWUMEZIE ISAAC ONYEDIKA1211. CHUKWUNETA NWAMAKA MAUREEN1212. CHUKWUNMEZIE ANN O.1213. CHUMPYPLANET ENT. & GEN.

MERCHANISE1214. CHUNDUSU DAFON ISHAYA1215. CITY DEALS GLOBAL VENTURES1216. CITYMATRIX NIG. LTD1217. CLARKE EKWEOSINOMO DICY1218. CODEFUTURE INVESTMENT LIMITED1219. COK INTEGRATED INVESTMENT LTD1220. COKER BABAJIDE OLUSEGUN1221. COKER OLUWAGBEMIGA ADEDEJI1222. COLE IBIYINKA OLAWALE1223. COLE OLAKUNLE IBIYINKA1224. COLE OMOREDE1225. COLLINS IBEKWE1226. COLTROSS LTD1227. COMPSOLVE INTERNATIONAL LIMITED1228. CONSOLIDATED INV LTD NOMINEE A/C-21229. CONSTRUCTION PLANT & EQUIPMENT INT.1230. CONYBRID NIGERIA LTD1231. CORNERSTONE TRUSTEES A/C PETERS

EMMANUEL OLULONIYIN1232. CORNERSTONE TRUSTEES A/C PETERS

GRACE OLULAYO1233. CORNERSTONE TRUSTEES A/C PETERS

JOSEPH OLUSEGUN1234. CORNERSTONE TRUSTEES A/C PETERS

MOPELOLA OLUKEMI1235. CORNERSTONE TRUSTEES A/C PETERS

OLUBUKUNMI1236. CORNERSTONE TRUSTEES A/C PETERS

OLUSEUN JOSEPH1237. CORNERSTONE TRUSTEES A/C PETERS

OLUWEMIMO TITILOPE1238. COSTCUTTER INVESTMENT LTD

S/N NAMES

1239. COUPLE-EBOH OGHENEAKPOBO FRANK1240. COUTROUPIS TINUOLA ADETORO1241. CROWNFIT KLEAN TOUCH1242. DADA EMMANUEL ADESHINA1243. DADA OLAWUNMI KAFAYAT1244. DADA OLUMIDE IDOWU1245. DAHIRU AMIN JIBRILA1246. DAHIRU BINDAWA BILKISU1247. DAHIRU MUSA GADAS1248. DAHUNSI AFEEZ AKANBI1249. DAHUNSI AFEEZ AYODEJI1250. DAHUNSI MARY1251. DAIRO BABATUNDE FISAYO1252. DAIRO EMMANUEL1253. DAIRO OLUWADAMILOLA OLUDAYO1254. DAN'AZUMI ABDULLAHI MOH'D1255. DANBUGA ABDULKADIR JELANI1256. DANIEL ADEOYE1257. DANIEL IFETOLA OLUSEGUN1258. DANJUMA BOBBO1259. DAODU OLUWAFUNMILAYO ATINUKE1260. DARAMOLA ABIODUN CHRISTIANAH1261. DARAMOLA OLUREMI ALICE1262. DARAMOLA RICHARD1263. DATTI USENI EMMANUEL1264. DATUGUN PETER DANLADI1265. DAUDA MOSHOOD OLADIPUPO1266. DAUDA S MAINA1267. DAUDA YINUSA ADISA1268. DAVID DANIEL1269. DAVID DANLADI UGBEDE1270. DAVID ILIYA LOT1271. DEGIRI AUGUSTINE AKPOLEBABARI1272. DEJI-LOGUNLEKO AMINA OMOKHOMO1273. DEJO PADETIN TITILAYO1274. DEKPEN NICHOLAS AKPOGANJO1275. DELE JOSEPH1276. DELE-GIWA OLUFUNMILAYO1277. DEMANEHI INVESTMENTS LTD1278. DEMARVIA INVESTMENT LIMITED1279. DEME JOHNBULL1280. DEMOK IND LTD1281. DERE HAIRAT WURAOLA1282. DERE WASIU ABIODUN1283. DEROX PAPER MILL LTD1284. DICK-NWOKE UGORJI NNANNA1285. DIGITAL FOTO SNAP1286. DIKE ROSEMARY1287. DIKE SMART NNAMDI1288. DIM JOHNSON UCHE1289. DIMKA EZEKIEL GOTOM1290. DINGBA ISHAKU TANZE1291. DIRI MOHAMMAD SAIDU1292. DIRIBE CHKWUDI CHINEDU1293. DISU ELIAS OLASUPO1294. DIYAN OLUWATOSIN OLALEKAN1295. DOBLIC ENTERPRISES1296. DOCAAI NIG LIMITED1297. DOMINIC TITUS T.1298. DOSA ENAYON OLUFEMI1299. DOSUNMU ADETOUN1300. DOSUNMU AJIBIKE1301. DOSUNMU OLUSEYE1302. DOYIN IFEDAYO1303. DR ADEPETUN ADEBAYO1304. DR AKINOLA PETER1305. DR ALALADE OLADAPO1306. DR AMOLE I IBIYINKA OLUSHOLA1307. DR ERIBAKE OYENUGA1308. DR ROTZLER OLUKEMI OLUMAYOWA1309. DREAM BASKET LIMITED1310. DRMOLOVA GBOLAHAN NOIMOT

S/N NAMES

1311. DROLEMOC FARMS LIMITED1312. DUDUS MOTIVE ENTERPRISES1313. DUNG RUTH JOHN1314. DURO-EMANUEL LYDIA ATINUKE1315. DUROJAYE OWOLABI GBENGA1316. DUROJAYE SAMUEL SUNDAY1317. DURU KINGSLEY ONYEABU1318. DURUIBE NIGERIANUS TOCHUKWU1319. DYNAMIC ADONAI COOPERATIVE SOCIETY1320. EARLSWOOD MANAGEMENT SERVICES

LTD1321. EASTLINE INVESTMENTS1322. EBEANO SUPERMARKET1323. EBENUWAH HENRY CHUKWUEMEKA1324. EBERE IFEANYI PAUL1325. EBERENDU NGOZIKA MAGDALINE1326. EBEREONWU NKECHI STELLA1327. EBEREONWU NKECHI STELLA1328. EBHODAGHE BLESSING1329. EBILIKO LONGINUS CHINASAOKWU1330. EBOH JUDE1331. EBOIGBODIN OMO-OSAGIE1332. EBUEHI STEPHEN OSAGIE WILLIAMS1333. EBUEHI WILLIAMS OSAGIE1334. EBUEKU EHIMWENNA TOYIN MARY1335. EBUEKU ISOKEN ANU LYNDA1336. EBUKANSON EMMANUEL GEORGE1337. ECHIEGBUE UZOMA ISAAC1338. ECHIGEME GOD'SPOWER BOGNOR1339. ECO INVESTMENTS LTD1340. EDEH IFEANYI JAMES1341. EDEH NNEKA GLDYS1342. EDEH OBINNA1343. EDEH UCHECHUKWU PEACE1344. EDEM AKAN ISRAEL1345. EDEM ASUQUO EDET1346. EDEM UBONG BONNY1347. EDEOGHO SYLVANUS1348. EDET OKON GODWIN1349. EDJE WARRIRUME PATRICK1350. EDOBURUN SOLOMON1351. EDOMWONYI OGHOSANOR1352. EDOMWONYI OSARUGUE EDITH1353. EDU OLAYEMI1354. EDUN ABIODUN OLATUNJI1355. EDUN AKINBODE OWOLABI1356. EDWARD EMEKA1357. EDWARD HELEN1358. EDWARD KOLAWOLE JOHN1359. EFFIONG EKPEDEME EMMANUEL1360. EFFIONG PATRICK ASUQWO1361. EFI SOLOMON1362. EFIKA CHIDI1363. EFUNBAJO SUNDAY ISAAC1364. EGBARIN CHINYERE1365. EGBE EMEKA MICHAEL1366. EGBE EMEKA MICHAEL1367. EGBE OMO ILARA MOKIN1368. EGBEAKA TOBIAS UCHECHUKWU1369. EGBEDINA AKINTOLA OLADAPO1370. EGBELEYE ADEYINKA ABOSEDE1371. EGBERONGBE BILIKIS OMOTUNDE1372. EGBEYEMI FLORENCE O1373. EGBO AUGUSTINE ESEROGHENE1374. EGBO CHUKWUMA JOSEPH1375. EGBO EZENNAYA AMOBI1376. EGBOKHAN KINGSLEY OZIEGBE1377. EGBONU CHIDI1378. EGBOO CHRISTIAN EZECHUKWU1379. EGBULEFU DENNIS OBINNA1380. EGBUNA PRISCA NNENNE1381. EGBUTU BONIFACE CHUKWUMA



S/N NAMES

1382. EGEDE ROLAND EFE1383. EGEDEGBE GLORIA1384. EGUAVOEN CHARIS OSASERE1385. EGUEVOI AIGBOKHAI ABRAHAMS1386. EGUNJOBI EMMANUEL OLUWADAMILARE1387. EGWEDE EMMANUEL ETABUNO1388. EHIEDU FELIX KIMEMENIHIA1389. EHIMAGUNMWENDE EKI CHRISTY1390. EHIOGHIREN A. IKPONMWOSA1391. EHIRIM ELISHA1392. EHIRIM KINGSLEY NNAEMEKA1393. EHIRIM LOVE1394. EHIS ULAIKERE1395. EJARUNE BLESSING EUFOMA1396. EJEKWU QUEEN PATIENCE1397. EJELE ITUA HELLEN1398. EJEZIE AFAMEFUNA TONY1399. EJIBE IRUNNA BLESSING1400. EJIKUNLE TUNDE ROBBINSON1401. EJIMNKEONYE MARY-ANN OLUCHI1402. EJIMOFOR UCHE1403. EJIMOKUN OLANREWAJU OLAMILEKAN1404. EJIOFOR CHIDIOGO BENJAMIN1405. EJOVI LAWERENCE EMUOBO1406. EKANEM ENO OBONG JANE1407. EKE CHIDI IREM1408. EKE CLINTON NNAMDI1409. EKE DESMOND ONYEBUCHUKWU1410. EKEANYA CYNTHIA OMONIGHO1411. EKEIFO BAMIYO EYITEMI1412. EKEKWE CHRISTIANA C1413. EKERE SAMPSON IFEANYI1414. EKOJA DANDY IMANCHE1415. EKONG EMMANUEL JACKSON1416. EKPAGHA LORETTA EFUEYE1417. EKPO AUGUSTINE PAULINUS1418. EKPO EMEM PATRICK1419. EKUMA FRANCIS CHUKWUEBUKA1420. EKWEALOR BONIFACE NWAFE1421. EKWENSI CHIGOZIE DORIS JENNIFER1422. EKWERONU ONYINYECHI ONONOGBU1423. EKWOM OBINNA EMMNAUEL1424. EKWONNA SAMPSON .I. (DR)1425. EKWONYE CHRISTIAN UCHECHUKWU1426. EKWUEME CHIKA CHIEMEKA1427. EKWUGHA PATIENCE CHIAMAKA1428. EKWUNIFE WISDOM OSITADINMA1429. EKWUTOZIE ROSEMARY NGOZI1430. ELAIHO OBI STELLA1431. ELBAFF JAMAL ABDALLAH1432. ELEGBEDE AMINAT OMOLOLADE1433. ELELU BOLAJI RAFIU1434. ELELU OLADMEJI RASAQ1435. ELEODI BENSON CHUKS1436. ELEOGU CHUKWUBUIKE FRED1437. ELETINMI SAMSON AJIBOLA1438. ELI-TOYO & ASSOCIATE LIMITED1439. ELOM HYGINUS FRIDAY NWENYI1440. ELONNA-EZULU AKUDO FAVOUR1441. ELUEHIKE CELESTINE1442. ELUEHIKE THERESA1443. ELUWA KELECHI OKEZIE1444. EMEH CYNTHIA EZINNE1445. EMEH EDWARD IFEANYI1446. EMEH VICTOR CHINOMSO1447. EMENIKE NJIDEKA MERCY1448. EMGC NOMINEES1449. EMIOLA TEMITOPE ABIMBOLA1450. EMMANUEL ADAH MATHEW1451. EMMANUEL INNOCENT MEBEI1452. EMMANUEL KINGSLEY EYINECHUKWU1453. EMOVON ABIGAIL AMENZE

S/N NAMES

1454. EMU FIDELIA OREVAOGHENE1455. EMUANYAKA EZENWA HENRY1456. ENAIFOGHE VICTOR1457. ENDONI PAEBI SYNDOPH1458. ENE VICTOR SUNNY C.1459. ENECHE SYLVANUS1460. ENEH PRAISEGOD ISIBUBE .C1461. ENENDU MIKE OGBONNA1462. ENEZE LAWRENCE UDEH1463. ENIOLA AYOKUNMI IBRAHIM1464. ENIOLA ILERIAYO OLANIYI1465. ENIOLA OMOTAYO1466. ENITINWA MOBOLAJI OLUWATOSIN1467. ENO BAKHARE OGHOGHO YEWANDE1468. ENTERPRISE INVESTMENT MANAGEMENT

II1469. ENTERPRISE INVESTMENT MANAGEMENT

LIMITED1470. ENUMA JOSEPH OBIEZE1471. ENWEMADU CHIEDU ANDREW1472. ENWERE ATHANASIUS CHUKWUMA1473. ENWERE MCHUKS PAULINUS1474. ENWEREUZO CYNTHIA CHINWENDU1475. ENWERUZO-AMAEFULE OLUCHI DORINE1476. ENWERUZO-AWAEF OLUCHI DORINE1477. EQUERE MERCY NSEOBONG1478. EQUINOX PROPERTIES LTD1479. ERE OLALEKAN1480. EREZI AJIRI ROXY1481. EREZI JESUOVIE LOUIS1482. ERI AMINU ALI1483. ERIBAKE TEMITOPE ORIYOMI1484. ERIKUME KENNETH1485. EROMOSELE OISEMUDIAMEN1486. EROMOSELE OSEMUDIAMEN

OLUWASHINA-AYOMI1487. ESARA JAMES1488. ESAUINIOBONG FRIDAY1489. ESENE ANTHONY EGBADON1490. ESHCOL PETROLEUM LIMITED1491. ESIEVO SHEDRACK AKPEBE1492. ESO ABIODIUN RICHARD1493. ESOKPUNWU EMMANUEL1494. ESOMOJUMI BENSON1495. ESSANG ETIM OKON1496. ESSANGENYI EDET EDET1497. ESSIEN GRACE PETER1498. ESSIEN ROSEMARY1499. ESSOR GODWIN IBIADULE1500. ESTATE OF ASALU AKINTUNDE1501. ESTATE OF ODEGBAMI OLATUNJI

ABIODUN1502. ESTATE OF OGEDENGBE MICHAEL

FOLORUNSHO1503. ESTATE OF ONYEKURU UZOMA HENRY1504. ESTATE OF WILLIAMS T. ABAYOMI1505. ETEFIA USEN TUNDE1506. ETEJERE EJIROGHENE1507. ETI RUHAMAH CHIOMA1508. ETTEH ENOBONG1509. ETTU AFUI OLUGBENGA1510. ETUK CHRISTOPHER DOMINIC1511. ETUKUDO UKO MORGAN-JOHN1512. EVO NNANA SAMSON1513. EWERE HENRY OGBEMUDIA1514. EWILEM EVELYN ELUAGWUNI1515. EWILEM EVELYN ELUAGWUNI1516. EWULLUH UZOMA JOY1517. EXERT TRADING LTD1518. EYAM-OZUNG PATRICIA1519. EYENOWO GIDEON EZEKIEL1520. EYETU BENJAMIN ONOSIGHO1521. EYITAYO COMFORT OLAJUMOKE

S/N NAMES

1522. EYITAYO YUSUF OLAYIWOLA1523. EZE SAMUEL CHIBUZO1524. EZE VINCENET IFEANYI1525. EZEADUM HYGINUS CHUKWUMA EZEH1526. EZEALA OKEY1527. EZEAMAMA EMEKA JOHNMARK1528. EZEANI NGOZI MABEL1529. EZEASOR CHIAMAKA FAVOUR1530. EZEASOR CHIEDOZIE BARTHOLOMEW1531. EZEASOR CHIOMA PRINCESS1532. EZEASOR ODINAKA AUGUSTA1533. EZEBUIKE DANIEL ILOAMAEKWU1534. EZECHI ONYINYE ADAOBI1535. EZECHINYERE DONATUS1536. EZEDINUGWU JOSEPH IFEANYICHUKWU1537. EZEGBOBELU SOLOMON ONYEMAECHI1538. EZEGBOBELU STEPHEN OSITA1539. EZEH OKECHUKWU CELESTINE1540. EZEJA IGNATIUS ODO1541. EZEKA MARTIN CHUKWU NONYE1542. EZEKOLONKWO CHIDOZIE CHRISTIAN1543. EZEKWE JUSTINA CHINENYE1544. EZEKWE OKECHUKWU VINCENT1545. EZELIORA AMAKA JULIANA1546. EZEMA CHIGOZIE1547. EZEMA CHUKWUEMEKA1548. EZENWA DEBORAH ABOSEDE1549. EZENWUGO GODWIN1550. EZENYI BENJAMIN IFENNA1551. EZEOBIORA EPHRAIM1552. EZEOKE FLORENCE ERIWUAKU1553. EZEOKE LAUREN NKIRU1554. EZEOKE MALACHY UCHE1555. EZERIOHA OKECHUKWU ANTHONY1556. EZEUKO OBIANUJU ANTHONIA1557. EZIMAH COMFORT CHIGOZIE1558. EZIUZO CHIBUZO NZUBE1559. EZUGWU CHIDINMA LOVETH1560. EZULIKE DENNIS CHUKWUDI1561. F N C IGWE NIG LTD1562. F.N.C IGWE NIGERIA LTD1563. FABIYI MICHAEL TAIWO1564. FABUNMI EBUNEYITOMI TIMA1565. FADA AUGUSTINE NWANKPU1566. FADAHUNSI KOLAWOLE OLUTOSIN1567. FADAHUNSI OLUWOLE OLADIPUPO1568. FADAYOMI MIKE1569. FADEYI AYOOLA1570. FADEYI OYEDEJI1571. FAFOLAHAN EZEKIEL ADEKUNLE1572. FAGBAMIYE SEYE1573. FAGBEMI OMOTOSO KAZEEM1574. FAGBOLAGUN RAPHAEL1575. FAGOYINBO BOLANLE OLUFISAYO1576. FAJEMIROKUN EMMANUELLA

OLUWAJOMILOJU1577. FAJEMIROKUN MARY OLUWAJUWONLO1578. FAJEMISIN BUSURAT NIYILOLA1579. FAJOBI OMOTOLANI1580. FAKAN IBIYEMI OLUWAYEMISI1581. FAKAYEJO OLUWATOBI OLAMIDE1582. FAKOLADE TEMITAYO ONAOLAPO1583. FAKOYA TOLULOPE1584. FAKUYIDE ADEYINKA1585. FALADE GABRIEL OJEDAPO1586. FALALU ISYAKU1587. FALETI PHILIP OLUWOLE1588. FALEYE KOLAPO ALABI1589. FALEYIMU OLOLADE MOPELOLA1590. FALOLA OLAWUMI REBECCA1591. FALOPE LASISI OLUTOYESE1592. FALOPE LASISI OLUTOYESE

S/N NAMES

1593. FALOWO TUBOSUN TOKUNBO1594. FAMILONI OLUFUNKE OMOLAYO1595. FAMORITADE OLAYEMI1596. FAMUREWA ABAYOMI1597. FAMUYIWA JULIANAH IYABO1598. FAMUYON YUNUSA AGBOOLA1599. FANIRAN DEBORAH TAIWO1600. FANIYI ABAYOMI BABATUNDE1601. FANU ADEWALE1602. FAPOHUNDA BABATOPE & MOPEOLA O O1603. FARI IBRAHIM UMAR1604. FARODOYE JAMES OLADIPO1605. FARODOYE OLAKUNLE JOHN1606. FAROTIKA TOPE EBENEZER1607. FAROTIMI ISAAC ADEMOLA AYOKUNMI1608. FASAKIN OLUWAFEMI IYIOLA1609. FASAMI JANET AWONIKE1610. FASEHUN FREDRICK1611. FASHINA TEMITAYO1612. FASHOLA IBRAHIM BABALOLA1613. FASINA OLUWATOSIN MICHAEL1614. FASORANTI YEMISI VICTORIA1615. FATIGUN ADEDOYIN OLUSHOLA1616. FATIREGUN IBIDUNNI1617. FATOBI FUNSHO1618. FATOKI ADEKUNLE MICHAEL1619. FATOKI LATEEFAT ABISOLA1620. FAWOLE OLUSOLA BABATUNDE1621. FAYEDUN JULIANAH RANTI1622. FEM INTERLINKS VENTURES1623. FERNANDEZ BARON DEHINDE1624. FEYISITAN OLUFEMI OLUGBEGA1625. FIELDCO LTD1626. FINMBA ENTERPRISES1627. FINNIH KOLAWOLE LATEEF1628. FIRST EQUITY SEC LIMITED1629. FISHER EMMANUEL OLUBOMI1630. FIVE STAR TRAVEL LIMITED1631. FLOJU GLOBAL NETWORK LTD1632. FLOODGATE FIN. & SEC. LTD1633. FLOORTEX WEST AFRICA LTD1634. FODEKE ADESOLA REGINALD1635. FODEKE ADESOLA REGINALD1636. FOFAH JENSON1637. FOLA-ALADE ADEOLA REMILEKUN1638. FOLAMI ADEBUKOLA1639. FOLARIN ADEWALE SAFIU1640. FOLARIN SEGUN TOPE1641. FOLAWEWO KAFAYAT ATINUKE1642. FOLIO VEST LTD1643. FRANK PAPILL NIGERIA LIMITED1644. FRED OKA CHIDINMA THEODORAH1645. FREDRICK OKECHUKWU1646. FRIDAY AMADASUN1647. FRNL NOMINEE ACCOUNT1648. FUND MANAGEMENT SECURITIES1649. FUSHUWA GOROMA JAJERE1650. FUTURE TRUST SECURITIES1651. G FOLAYAN1652. GABRIEL LABIJA1653. GABRIEL OLUSOLA OLANREWAJU1654. GAFAAR OLUSOLA OMOWUMI1655. GALADIMA FATI BABA1656. GAMBARI IBRAHIM AGBOOLA1657. GANI ALHASSAN MOHAMMAD1658. GANIYU ABIOLA ALIYU1659. GANIYU BOLANLE FUNMILAYO1660. GANIYU SHEHU KADIRI1661. GANIYU-RAMONI SADIAT OYENIKE1662. GARBA HAUWA1663. GARBA MUHAMMAD1664. GARBA SALISU KABUGA



S/N NAMES

1665. GARBA-ALI FATIMA1666. GAYA TIJANI USMAN1667. GBADEBO ADELEKE SAHEED1668. GBADEBO ADEYEMI1669. GBADEBO OLUWADEMILADE1670. GBADEBO RUFUS ADEFOLA1671. GBADEGESIN MUTALIB OLAKUNLE1672. GBAFE RICHARD ABOLARINWA1673. GBATEMAN JULIANA MEMBER1674. GEE TWO INVESTMENT ASSOCIATES

LIMITED1675. GEM TRAVELS AND TOURS LIMITED1676. GEORGE EMUOGHENERURU PROMISE1677. GEORGE ENAMETTE SIMON1678. GEORGE SUSAN ROTDI1679. GEORGE SYLVESTER J.1680. GEORGE TOSIN1681. GETINUEL INVESTMENT LTD1682. GIDAUNIYA INV.& SEC.LTD-TRADED-

STOCK-A/C1683. GIWA KAMOL AWEDA1684. GIWA OLUFOLAKEMI OLUFOLARIN1685. GIWA-OSAGIE HELEN1686. GLOBAL GROWTH & INCOME LTD1687. GODFREY MARVIN CHIDERA1688. GODSON MOSES1689. GOMES S. E. ADEBOWALE1690. GRACE ADEOLA OKORO1691. GRACE PERFECT TOUCH SERVICES

LIMITED1692. GRAHAM OMENKA1693. GSO1694. GTB/KAKAWA ASSET/KAKAWA DISCOUNT

- TRAD1695. GUMUT BAMAIYI JOSEPH1696. GUNDU SESUGH PETER1697. GUOBABIA ELIZABETH ADESUWA1698. GURAMA ADAMU1699. HAAZORDOZ MERCHANT & TECH LTD1700. HABEEB HAJIA RAIHANATU1701. HABIB NAJIB MOHAMMED1702. HABILA BENARD JOHN1703. HAFSOH A M AFOLABI1704. HALLIDAY EMILIA1705. HAMILTON RACHAEL OLUFUNKE1706. HAMISU GIDE1707. HAMMED LUKMAN OLADIMEJI1708. HAMZAT NURUDEEN OLATUNJI1709. HANAFI ABDUL GANIY IBRAHEEM1710. HANSAF VENTURES1711. HARMONY TRUST & INVESTMENT CO LTD-21712. HARRIS ANNEKE LTD1713. HARRISON KORIBO BENEBO1714. HARUNA KARIMATU1715. HASSAN BALA M.1716. HASSAN DANJARI1717. HASSAN FAUZZIYAH OLUWAKEMI1718. HASSAN GANIYU OLUSEGUN (ALHAJI)1719. HASSAN NURUDEEN OLAWALE1720. HASSAN OLABISI SAIDAT1721. HASSAN OLOLADE IDOWU1722. HASSANA IBRAHIM1723. HAVEN INVESTMENT & TRUST CO.1724. HOFLICH PATIENCE NORA1725. HORNECKER DEBORAH JAN1726. HOUNSINOU ALFRED OLUSEGUN1727. HUNDUGA AMOS KAZUGA1728. HUSSAINI IBRAHIM1729. HYELDA LAWAL1730. IBANGA ANDIKAN IME1731. IBANGA INIOBONG OKONNA1732. IBE CHIOMA1733. IBE FRANCIS

S/N NAMES

1734. IBE HART1735. IBEABUCHI IKEM O.1736. IBEAWUCHI JOHNSON NWABUEZE1737. IBEGBU MICHAEL CHIMEZIE1738. IBE-GEORGE ALESSANDRA IFEYINWA1739. IBEH COLLINS EBUKA1740. IBEH IFEANYI CHINWENDU1741. IBEH OBIORAH EMMIANUEL1742. IBEKWE COLLINS OKWUCHUKWU1743. IBEKWE IFEOMA JUSTINA1744. IBEKWE MICHAEL OBIWENITE EMMAN UEL1745. IBEZIM IJEOMA NWAKAEGO1746. IBIDAPO OJO1747. IBIDAPO OJO1748. IBIDAPO-OBE OYEWUSI1749. IBIDUNMOYE OLADIPO FOLUSO1750. IBIFURO PERFECT1751. IBIOK OWOIDIGHE UDO1752. IBIYEYE MARY OMOTAYO1753. IBOK MARY AFAHA1754. IBRAHEEM ADEBUSOLA ADUNNI1755. IBRAHEEM TAJUDEEN GBADEBO1756. IBRAHEEM-ALABI IKRAM

OLUWATAMILORE1757. IBRAHEEM-ALABI IMAN1758. IBRAHIM ABDULLAHI B.1759. IBRAHIM ANJI YUNUSA1760. IBRAHIM BASIRAT T1761. IBRAHIM IFRAIMU1762. IBRAHIM JOSEPH KAIGAMA1763. IBRAHIM KAMARUDEEN OLATUNJI1764. IBRAHIM MOHAMMED MOHAMMED1765. IBRAHIM MUHAMMAD BARU1766. IBRAHIM MUHAMMAD ILIYASU1767. IBRAHIM MUHAMMAD MUSTAPHA1768. IBRAHIM MUSA1769. IBRAHIM MUSTAPHA1770. IBRAHIM OLUWASEGUN ABDULAZEEZ1771. IBRAHIM RABI1772. IBRAHIM TAIWO1773. IBRAHIM YARO MUHAMMAD1774. IBRAHIM YARO MUHAMMAD1775. IBRAHIMMOHAMMED IBRAHIM1776. IBUKUN OLUWA C.M.U LIMITED1777. ICONIC SOLUTIONS LTD1778. IDBPR GRACE FISH FARMERS1779. IDEAL NOBLE AFFAIRS1780. IDEMUDIA ERIC UWAIFO1781. IDENTICO INTERGRATED SERV. LTD.1782. IDIEGE FAVOUR IWHOULIMRE1783. IDIEGE PECULIA PEULIM1784. IDIKA UKPAI CHIBUZO1785. IDLOWU OLUFEMI OMOLOLU1786. IDOGHO C. ROSEMOND1787. IDOGHO ROSEMOND1788. IDOKO AUSTINE1789. IDOKO FAITH AISHETU1790. IDONIBOYE INYE B.1791. IDOWU ADEDAYO OLUSEUN1792. IDOWU ARINOLA SARAI1793. IDOWU LOGILE1794. IDOWU OLAWALE EMMANUEL1795. IDOWU YINKA1796. IDRIS AHMED1797. IDRIS BILKISU ZAKARIA1798. IDRIS FATIMA MUHAMMAD1799. IDRIS KHADIJA1800. IDRIS MUAZU ABDURRAUF1801. IDRIS MUHAMMAD KHALID1802. IDRIS MUHAMMAD ZULAIHA1803. IDRIS NAZIR MUHAMMAD1804. IDRIS OLAGOKE R.

S/N NAMES

1805. IDRIS OVUREVU KASSIM1806. IDRIS RAHAMA MUHAMMAD1807. IDRIS SANI MUHAMMAD1808. IDRIS SURAJO MUHAMMAD1809. IDRISS ABDULSHAFIU1810. IDUH ANTHONY AZUBUIKE1811. IFE IBIJOJU1812. IFEANYI AMAECHI DILLIBE1813. IFEKWEM ANULIKA CYNTHIA1814. IFEKWEM AUGUSTINE CHUKWUDALU1815. IFEKWEM RITA CHINWE1816. IFEKWEM SCHOLASTICA UCHE1817. IFELODUN CAMS LIMITED1818. IFELODUN CAMS LIMITED1819. IFEMKPA CHUKWUDI CHUKWUEMEKA1820. IFESOWAPO CMS LTD1821. IFEYEWA CLUB OF NIGERIA1822. IFRAIMU COMFORT1823. IFUKWU UJU OGONNA1824. IGBOKE BENSON OGBONNAYA1825. IGBOKWE UCHENNA SUCCESS1826. IGBONEZU IKECHUKWU DENNIS1827. IGBOSANYA OLUYEMISI KEMI1828. IGBOYI AKOH AUGUSTINE1829. IGBOZURUIKE EKENE EDWIN1830. IGBRUDE AJIRIOGHENE MILLER1831. IGBRUDE EFE MILLER1832. IGBRUDE EMAKPO1833. IGBRUDE ESTHER1834. IGBRUDE JUSTINA1835. IGBRUDE MARGARET1836. IGBRUDE MILLER1837. IGBRUDE OKE1838. IGBRUDE OMOGHENE MILLER1839. IGBUDU EDDY CHIMEZIE1840. IGE BAMIDELE AFOLABI1841. IGE FEMI OWOYEMI1842. IGE SAMSON AYO1843. IGHODALO PETER UKPEBOR1844. IGHODARO OSAHON STEPHEN1845. IGHODO SYLVESTER1846. IGHO-OSAGIE PHILOMINA

AMENAGHAWORO1847. IGOCHE EMMANUEL ECHE1848. IGUNBOR EGHOSA1849. IGWE COMFORT NKASIOBI1850. IGWE EMMAUNEL1851. IGWE EUGENE IKPENDU1852. IGWE LOIS NKECHI1853. IGWILO FRANCES UCHENNA1854. IHEANACHO NKEIRUKA ROSEMARY1855. IHEANACHO STEPHEN CHINONSO1856. IHEDIKE JACOB NZUBECHUKWU1857. IHEJIRIKA ESTHER CHIDINMA1858. IHEJIRIKA JUSTUS AKUJOBI1859. IHEME FIONA IFEYINWA1860. IHEVBA JAMES PHILLIPS1861. IHEZIE CALISTA CHILEZIE1862. IHONDE AIMALOHI AMENAWON1863. IHONVBERE GRACE1864. IHUDIEBUBE SPLENDOR CHUKWUDI1865. IJEZIE NWANNEKA EDNA1866. IJIMAKINWA MOTUNRAYO ESTHER1867. IJOMAH IKEM1868. IKANI ANDREW EDEBO1869. IKEAGU CHINEDUM ONYENWEE1870. IKECHUKWU EBEGBULAM EVERESTUS1871. IKECHUKWU SUNDAY1872. IKEDIOBI CHINONYE JULIET1873. IKELI TIMOTHY ONUORAH1874. IKE-UYANWUNE TOOCHUKWU QUEENETH1875. IKOKWU CHIDIOGOR

S/N NAMES

1876. IKONTA IKENNA1877. IKPAT EMEM EMMANUEL1878. IKPAT EMMENUEL J.1879. IKPEAMA TOCHUKWU JOSHUA1880. IKPEAMANZE AMAUCHE CHINYERE1881. IKPEKHIA GEORGE EHICHOYA1882. IKPEKHIA OLOKHIFA WINIFRED1883. IKPEYAN LUCKY OGBEVIRE1884. IKPI SUNDAY OKOI1885. IKPOBE APOLLOS1886. IKUBOR UCHE1887. IKUEZE CHIKA JOSEPH1888. IKUNWANNE NELSON ELOZONA1889. IKWUAGWU ELEKWACHI1890. IKWUETOGHU CHINONYE LOTACHUKWU1891. ILAYA EMU SPECIAL1892. ILECHUKWU ADA HELEN1893. ILELEJI GEORGE ODAFE1894. ILO UGOCHUKWU INNOCENT1895. ILOANYA JONATHAN MADUABUCHI1896. ILODIANYA UCHECHI CHRISTIANA1897. ILODUBA NONSO GERALD1898. ILOH CHRISTOPHER CHEKWAS1899. ILOKA JOSEPHINE UZO1900. ILONWA KEVIN O1901. ILORI AUGUSTINE OLUSEGUN1902. ILORI F. ADEYEMI EST. OF1903. ILORI F. ADEYEMI EST. OF1904. ILOUNO VERONICA AKUKANANWA1905. ILOYI IYABO AJOKE1906. ILUYOMADE IDOWU1907. IMAM AYUBA INDABAWA1908. IMAM MARYAM ISA1909. IMAM TAHIR NIG LTD1910. IMASUA NICHOLAS NGOZI1911. IMEH IMOH1912. IMIDO FAVOUR1913. IMO OFONIME UMOH1914. IMOHIMI PETER AISEKHAGHE1915. IMOHIMI RUTH REKHIA1916. IMOHIMI SOLOMON OHI1917. IMONDE JIM IKWUOCHE1918. IMTIYAAZ ABDUS SAMII'U DEBAH1919. INDABAWA BASHARI ALKA1920. INDEPENDENT SECURITIES LIMITED-REC1921. INECHI MACAULAY1922. INEDE FREDRICK ORIAREWO1923. INEGBEDION ISIMEMEN1924. INFOPRENEUR INVESTMENTS & SERVICES

LIMIT1925. INFOPRENEUR INVESTMENTS & SERVICES

LIMIT1926. INNOENT C. IGWE1927. INSIDER CONCEPTS LIMITED1928. INTERCONTINENTAL BNK/TOPMOST FIN.

TRDNG1929. INT'L URBAN KLEENERS LTD.1930. INUWA MAGAJI (ALH)1931. INYANG ETIM QUEENETTE1932. IPADEOLA ADEBAYO OLABISI1933. IRABOR CHRISTY EGHONHON1934. IRIOGBE THOMAS OMONZOKPIA1935. IRO DELLA THOMPSON MADUABUCHI1936. IROEGBU AUGUSTINE NDIDI1937. IROEGBU RUFINA AMECHI1938. IROH IGIRI HOPE1939. IROKO IFEANYI CHUKWU1940. IRUEGHE IGWILOHI EWAOHI1941. ISA ABDULLAHI ISAH1942. ISAAC BRIGHT CHIMEZIE1943. ISAAC IYAFOKHAI1944. ISAAC KENNETH1945. ISAAC KENNETH



S/N NAMES

1946. ISAAC MONICA ANIETIE1947. ISAH ANNATTE1948. ISAH BASHIR1949. ISAH IDRIS BALARABE1950. ISAH ISYAKU1951. ISAH ISYAKU RABIU1952. ISAH MEDINAT SALIHU1953. ISAIAH EMEKA PHILIP1954. ISAIAH PRINCE JOSHUA1955. ISANGEDIGHI PETER ASUQUO1956. ISESELE MATTHEW IMOBHIO1957. ISEWON ROTIMI BANKOLE1958. ISHAKU YUSUFU1959. ISHOLA LATEEF TEMITOPE1960. ISHOLA SHEHU IBRAHIM1961. ISIAKPONA DENNIS OGE1962. ISMAIL HABIBU1963. ISMAIL SAFIYA HABIBU1964. ISMAIL SHEHU1965. ISRANI RAJAN1966. ISS NOMINEES LIMITED ACCOUNTS "AA"1967. ISU AGATHA1968. ISYAKU ABDULAZEEZ ABDULLAHI1969. ISYAKU ABUBAKAR KANKIA1970. ITAH CELESTINE HARRY1971. ITALOYE OLUWOLE1972. ITALUME JOHN IKHIANOSIMEH1973. ITF AJEDIRAN INIOLUWA OLUWAFEYISAYO1974. ITIE JOSEPH CHINEDUM1975. ITODO PAUL DANIEL1976. ITOYA SERAH1977. IVALAVE VINCENT ABUGH1978. IVEEC INVESTMENTS LIMITED1979. IVORY CAPITAL LIMITED1980. IWERIEBOR EHIEDU EMMNAUEL

GOODLUCK1981. IWUNDU ONYEKACHI ELEAZAR1982. IWUOHA CHUKWUEMEKA GABRIEL1983. IWUOHA MABEL1984. IYAJI UKAMA ANDREW1985. IYANDA AYODEJI EMMANUEL1986. IYANDA FOLUKE FLORENCE1987. IYAOMIYE OLORUNWA RUFUS1988. IYILADE OLUREMI1989. IZABI THOMPSON JOHN1990. IZIMA HENRY NZE1991. IZOKUN STANLEY TUNDE1992. IZUORGU CHUKWUEMEKA OGEMDI1993. J P NOMINEES LIMITED1994. J P NOMINEES LIMITED1995. JABOW NIGERIA LIMITED1996. JACKSON -AINOMHE JULIE ZINA1997. JACOB ASABE1998. JACOB MICHEAL OSARETIN1999. JAMES EMEKA BABATUNDE2000. JAMES NWOSU OKENWA JAMES2001. JAMES OSHIRAMA JOHN2002. JAMES-OYINBO OLUBUKOLA UWAYEMEN2003. JARI ALIYU2004. JASPER SAMUEL MSHELIA2005. JATAU NUHU BAWA2006. JEBODA SOJI2007. JEGEDE ADEMOLA ANTHONY2008. JEJE MICHAEL OLUSOLA2009. JENFA PETER OLATUNJI2010. JIBRIN BARAU SAMINU2011. JIDEAMA ESTHER2012. JIDEAMA UCHENNA TOCHUKWU2013. JIDE-ARIBALOYE OLUFUNMILOLA2014. JIMOH JAMIU BANKOLE2015. JIMOH OLUDARE TAJUDEEN2016. JIMOH OMOTAYO RASHIDAT

S/N NAMES

2017. JIMOH SODIQ ADESOJI2018. JIM-SIMO ENTERPRISES2019. JOE-NWAGBO JASON CHINEDU2020. JOGAI JONATHAN B2021. JOGUNOMI RAFIU LASISI2022. JOHN ADEGOKE2023. JOHN BASSEY UDOH2024. JOHN MARIA JULIET2025. JOHN NGOZI EMENIKE2026. JOHN OLADEJI VICTOR2027. JOHN UWAOMA DAVID2028. JOHNGIFT CONSULTING2029. JOHNSON A MARGARET2030. JOHNSON ADEBANKE ADEDUNMOLA2031. JOHNSON ADEBIDOLA AYOMIDE2032. JOHNSON ADEYOSOLA MOJISOLA2033. JOHNSON BABATUNDE OLUKAYODE2034. JOHNSON EDWINA2035. JOHNSON IDOWU TANIMOWO2036. JOHNSON OLASUPO BABALADE2037. JOHNSON OMOTOLA IBUKUNOLUWA2038. JOLAPAMO KUDIRATU NIHINLOLA2039. JONAH INIOBONG BASSEY2040. JONAH PETER KWALA2041. JONATHAN JOSEPH UGOCHUKWU2042. JONGO RICHARD LAPAGHA2043. JOSEPH AKINLOYE OJO2044. JOSEPH CHIKA DENNIS2045. JOSEPH ELEKA TSEGBA2046. JOSEPH JAMES2047. JOSEPH OMOTOLA OLOLADE2048. JOSHUA INVESTMENTS LIMITED2049. JOSIAH DANIEL2050. JULIUS IBITAYO2051. JUNAID ADEBIMPE OLUFUNKE2052. JUNAID ADEYINKA2053. JUNAID OLUFUNKE ADEBIMPE2054. JUNAID SIKIRU AREMU KASHIMAWO2055. JUWOBOR INIH-IVIBODOHU DENNIS S.2056. KABIRU JINJIRI RINGIM2057. KADRI SEGUN SURAJUDEEN2058. KAJOPAIYE ADERONKE ADEOLA2059. KAKA ADEYEMI AZEEZ2060. KALEJAIYE AYOMIDE ADEOLA2061. KALU AKUWA NJOKU2062. KALU BLESSING2063. KALU BLESSING BEAUTY2064. KALU EMEABA GRACE2065. KALU EMEKA D2066. KALU FRANCIS CHUKWUMA2067. KAMATA JOHN2068. KANU DONALD2069. KANU IKEDICHI OZOMENA2070. KAREEM KABEER2071. KAREEM MODINAT OLAYEMI2072. KAREEM SAHEED2073. KARIEREN OLUWATOYIN ADENIKE2074. KARUNWI ABISADE MOSOBALAJE2075. KARUNWI EREM YVONNE2076. KASALI AYANYEMI OLARINOYE2077. KASALI MUJIDAT ANIKE2078. KATE NWUBA2079. KATIBI AJIBIKE HABEEBAT2080. KAWU PETO ABDULKAREEM2081. KAYODE IBIRONKE MODUPE2082. KAYODE OLAMILEKAN PAUL2083. KAYODE OLUWATAMILORE AYODEJI

SAMUEL2084. KAYODE RICHARD2085. KAYODE SALAU2086. KAZAURE ADAMU MUSA2087. KAZIM MUYIDEEN ADEYINKA

S/N NAMES

2088. KEHINDE DAVID OLALEYE2089. KEHINDE TAIBAT OLAYINKA2090. KELA DANJUMA JOSHUA2091. KELECHI ANYANWU2092. KELLOGS ASSET MGT LTD2093. KEMABONTA KEHINDE2094. KEMI ADEYEMO2095. KEMI MOMOH2096. KENNETH CHETACHUKWU2097. KENNETH OBEKE2098. KING PRODUCTS AND SOLUTION LTD2099. KINGSLEY NWABUEZE KENECHUKWU2100. KIRPSON OBINNA FC2101. KODE PATRICK2102. KOJO FESTUS KOKO2103. KOKO AISHATU SHEHU2104. KOKORIAN JALOGHO JOSEPH AKPO2105. KOLA-BANKOLE AYOOLUWA2106. KOLADE OMONIYI2107. KOLA-OLALERE ESTHER KIKELOMO2108. KOLAWOLE O. ADEYEMI2109. KOLAWOLE SAKA IBRAHIM2110. KOLE-JAMES IFEOMA2111. KOLLERE AHMAD USMAN2112. KOLLERE AHMAD USMAN2113. KOMOLAFE EMMANUEL ADEJUYIGBE2114. KOMOLAFE ORIYOMI ADEYEMI2115. KOMONIBO EBIERE EMMANUELA2116. KOMONIBO EBIOKPO DAVID2117. KOMONIBO EBIOWEI EMMANUEL2118. KONAC INDUSTRIES LTD2119. KOSIPRE BUTOUNGHA AKPOTOLUMU

CHARLES2120. KOSOKO MOHAMMED GBOLAHAN2121. KOSOKO MOHAMMED GBOLAHAN2122. KOYEJO AYODELE2123. KOYENIKAN OLUSOLA2124. KOYENIKAN OLUSOLA IDOWU2125. KPEREGBEYI OLA N.2126. KUDAISI AYODELE SARAT2127. KUDAISI AYODELE SARAT2128. KUDAISI MOBOLAJI SULAIMON2129. KUDAISI MOJISOLA HABEBAT2130. KUDU BABA SHAFIYI2131. KULANDAI SAMY VELANI2132. KUMAPAYI OLUWATITOFUNMI2133. KUMBIYA KUMBIYA ADAMU ABDULLAHI2134. KUPOLUYI SALEWA VICTORIA2135. KUPONIYI OLUGBENGA TEMITOPE2136. KUPONIYI OPEYEMI TEMITOLA2137. KURFI ABBAS OTHMAN2138. KURFI ABDULLAHI YUSUF2139. KURFI HAMISU MANNIR2140. KURFI RABI ADO2141. KURIOS NIGERIA LTD2142. KURIOS NIGERIA LTD2143. KUSORO OLUBUNMI2144. KUTI TINUOLA DUPE2145. KWATAMDIA JOY MUSA2146. LAAH THOMAS GAMBO2147. LABARAN HUSSEYN ZAKARI2148. LABARAN RABIU MOHAMMED2149. LABIJA GABRIEL2150. LADAN WUNTI IBRAHIM2151. LADIPO KOLA JAMES2152. LADIPO OMORINSOLA2153. LAOSHE-LAWAL ADEBUFOLA MORENIKEJI2154. LARRY ETTAH2155. LASISI OLAIDE SAHEED2156. LASISI OLAWALE AFEEZ2157. LATEEF STEPHEN2158. LATIMORE VENTURES

S/N NAMES

2159. LAW UNION & ROCK INS. (LIFE FUND)2160. LAWAL ARIYO NURUDEEN2161. LAWAL ELIZABETH OLUWANIFE2162. LAWAL FUNMILAYO IGE2163. LAWAL ISIAKA OLATUNDE2164. LAWAL ISMAIL DAMILOLA2165. LAWAL KAYODE AKINTOLA2166. LAWAL KEHINDE O ABIODUN2167. LAWAL MARIAM OLAYIDE2168. LAWAL MOREWA2169. LAWAL OLANIYI KAZEEM2170. LAWAL OLANIYI KAZEEM2171. LAWAL OLASHILE MORUFF2172. LAWAL OLAYIWOLA2173. LAWAL OMOLOLA O.2174. LAWAL RASHEED GBENGA2175. LAWAL SILIFAT IYABO2176. LAWAL TAIWO OLUFEMI2177. LAWAL TAMILORE2178. LAWAL WAHAB FARAYADE2179. LAWAL WAHEED MOLADE2180. LAWRENCE OLUYOMISOLA ANTHONIA2181. LAWSON-JACK TELEMA S. P.2182. LAYONU LEKAN2183. LEGUNSEN OLUDEJI OLUMOROTI2184. LEMORU OLATUNBOSUN O.2185. LEMORU OLUWAFEMI2186. LEWIS-ASONYE OBINNA2187. LIASU QUADRY OLUWASEUN2188. LIMAN SALIHU MAIRAFI2189. LOKO VICTORIA2190. LONGE ADETOUN2191. LONGE OLAYINKA HAMMED2192. MAAJI HADIZA MOHAMMED2193. MA'AJI KAWU MUHAMMAD2194. MAAJI MOHAMMED2195. MAAJI MUHAMMAD MUHAMMAD2196. MABI EMEKE B & MILLICENT N(MR & MR)2197. MACAULAY ABIOLA2198. MACCIDO SAADATU2199. MACPRINCE ELIJAH A.2200. MACRO ASSET NIGERIA LIMITED2201. MADAKI JOHN YAHAYA2202. MADIEBO RICHARD NWORA2203. MADU CHIOMA THERESA2204. MADU CYRIL CHUKWUEMEKA2205. MADU EMMANUEL IFEANYI2206. MADU PATRICK OBUNIKE2207. MADUAKO SAMUEL NDUBUISI2208. MADUEKE AMAKA JULIET2209. MADUMELU GINIKA NNEAMAKA2210. MAFEM VENTURES (NIG) LTD2211. MAFIMIDIWO ADENIYI BAMIDELE2212. MAFWAL PETER MASOK2213. MAGAJI MOHAMMED HAUWA2214. MAHA IFEANYI ADA2215. MAHMUD AISHA2216. MAHMUD FAIZA2217. MAHMUD MUNIRA2218. MAHMUD MUSTAPHA2219. MAHMUD UBAIDULLAH2220. MAHMUD YUSUF2221. MAIGWANJO KURFI ALHAJI HAMISU2222. MAIMUNA MOHAMMED HARUNA2223. MAINA D BAKALI2224. MAINA D DEBORAH2225. MAINA D JUMMAI2226. MAINA D NANKIN2227. MAIRO OKHAI2228. MAIYARA MOHAMMED BELLO2229. MAIYARA MOHAMMED BELLO2230. MAJA OLAWALE MURTALA



S/N NAMES

2231. MAJEKODUNMI ABOLADE2232. MAJEKODUNMI OLADIPUPO O2233. MAKINDE AZEEZ ADENIYI2234. MAKINDE JAMIU ALAO2235. MALLAMI BUKAR MOHAMMED2236. MALLIM PETER REZAN2237. MALOMO OLAYINKA2238. MALOMO OLAYINKA SAMUEL2239. MAMMAN ELI2240. MAMMAN JAMES YASHIYI2241. MAMUDA ALI RABIU2242. MAN ANGULU & CO LTD2243. MANDATE RESOURCES & PROPERTY

COMP LTD2244. MANNIRU ADAMU IBRAHIM2245. MARIMPEX FIN & INVESTMENT 22246. MARSHALL AUGUSTINE OKAFOR2247. MARTINS BABATUNDE OLADIPO (JUSTICE)2248. MARTINS BABATUNDE OLADIPO (JUSTICE)2249. MARTINS OLADIPUPO2250. MARTINS OLAIDE MAGARET2251. MARTINS OLUFUNSHO BAMIDELE2252. MARTINS STEPHENIE OLAOLUWALAYO2253. MARTINS TEMITOPE2254. MARY'S GROTTO FELLOWSHIP (M.G.F.)2255. MASAUDA BAFARAWA2256. MASU RASAQ OLAYINKA2257. MATANKARI IBRAHIM TANIMU2258. MATANKARI JAMIN2259. MAURICE EKANEM NYONG2260. MAXIFUND INV. & SEC PLC -DEPOSIT A/C2261. MAXIMUM DATA LIMITED2262. MAYALEEKE HIDAYAH OLUBUNMI2263. MAYALEEKE IBRAHIM ADEROGBA2264. MAYALEEKE NASIRU ADEWUNMI2265. MAYALEEKE SHEEREF AFOLALOLA2266. MBADIWE AIRA2267. MBADIWE NNAEMEKA ANTHONY2268. MBADIWE OGECHI ANITA2269. MBADUGHA CYNTHIA CHINELO GLORIA2270. MBAGWU ADAEZE NGOZICHUKWU2271. MBAGWU CHUKWUEMEKA IKEMEFUNA2272. MBAGWU NWAMAKA NKECHINYERE2273. MBAGWU UCHENNA FELICIA2274. MBAHAOTU CHIMA HENRY2275. MBAOCHA UZONDU ANDERSON2276. MBAWUIKE VINCENT CHIDIEBERE2277. MBUNG ATIM EFANGA2278. MEGAFU ANYIBUOFU2279. MEGAWEALTH LIMITED2280. MEGWAI STEVE IFEANYI2281. MEGWAI VICTORIA ILUADBE2282. MENE ESTHER USIMEN2283. MENIRU MARYLYN OBIANUJU OKOYE2284. MENIRU RICHARD IFESINACHI2285. MENIRU TOBY CHINEMELUM2286. MENSHA SAMUEL KWAME2287. MEREM UCHECHUKWU2288. MESELE OLAMIDE OREOLUWA FOLASADE2289. MESELE OLUFEMI LAWRENCE2290. METCHO MUHAMMAD UMAR2291. MGBECHETA SAMUEL NTOMCHUKWU2292. MGBECHETA STANLEY NNAEZIE2293. MGBEMEKWUNA CHUKA NNAMDI

CHRISTIAN2294. MGBEMENA IKECHUKWU EMMA ROB2295. MGBEMENA IKEORAH MADUABUCHI2296. MGBEMENA ONOCHIE IKECHUKWU2297. MGBEMERE BLESSING CHITURU2298. MIBIOLA SIMON2299. MICRO MARINE NIG. LTD.2300. MIJINYAWA MOHAMMED

S/N NAMES

2301. MIKETONAL GLOBAL CONCEPT LIMITED2302. MINA PROMISE MARK2303. MINERVA RECRUITMENT LTD2304. MISS AKEREDOLU OMOBOLANLE2305. MISS AMALU ONA2306. MISS LAKISOKUN ADEJOKE TEMITOPE2307. MISS LAWAL OLUYEMISI HELEN2308. MISS OKEOWO MODUPE IBUKUNOLUWA2309. MISS OKEOWO OLAYINKA OLUWATOYIN2310. MISS OSINOWO FOLAJOMI OPEOLUWA2311. MIVANYI JAMES MUSA2312. MMADUBUEZE CHIKWADO CHRISTIAN2313. MOBUH JOSEPHINE ANGELA2314. MODEBE ANIREJUORITSE RITA2315. MODESTINO VENTURES LIMITED2316. MOHAMMED ABDULLAHI2317. MOHAMMED ADEREMI ISIAKA2318. MOHAMMED BALA YARGOJE2319. MOHAMMED BASHARI2320. MOHAMMED IBRAHIM DOTTIJO2321. MOHAMMED KOLAWOLE ABDULLATEEF2322. MOHAMMED LAWAN2323. MOHAMMED MAIMUNA2324. MOHAMMED MODINAT BOLANLE2325. MOHAMMED SALIU2326. MOHAMMED SANI FATIMA2327. MOHAMMED SHEHU RAHAMATU2328. MOHAMMED SHEHU RAHAMATU2329. MOHAMMED SUFIYAN MOHAMMED2330. MOHAMMED USMAN AMINA2331. MOHAMMED ZAINAB (ALHAJA)2332. MOHAMMED ZAKARIYA2333. MOK EMMANUEL IFEANYI2334. MOKWE CHIZOBA MARYBENET2335. MOLOKWU UZOECHINA2336. MOMODU OLUWADEMILADE ADRIAN2337. MOMOH OLAYINKA KUBRAT2338. MOMOH OLAYINKA KUBRAT2339. MORAH EMEKA JOSEPH EVANG2340. MORAKINYO JOHN OLUWATIMILEHAN2341. MORDI REGINALD CHIEDU2342. MOSES MARY IBABY2343. MOSES MBOSO SUNDAY2344. MOSES MICHAEL OSCAR2345. MOSES TOMBARI B.2346. MOSURO FOLARIN2347. MOT OLAYIWOLA TOBUN2348. MOUNTAIN INVESTMENT & SECURITIES

LTD2349. MPAMAUGO CHIDIEBERE DAVID2350. MR & MRS AKINDELE FESTUS & OLUREMI2351. MR ADARUGO OKEZI2352. MR ADEDAPO SIKIRU GBADEGA2353. MR ADEKUNLE ADETAYO ADEYEMI2354. MR ADEMOLU OLUFEMI2355. MR ADENUPEBI ADEBAYO CLEMENT2356. MR ADEOSUN KAYODE LUCAS2357. MR AGUNBIADE DAWUD ADEBAYO2358. MR AKINDE ROTIMI DANIEL2359. MR AKINOLA MARTINS KOLAWOLE2360. MR ANYAELE SAMUEL TIMOTHY2361. MR APOCHI AGADA BONIFACE2362. MR BOLAJI JOSEPH DAPO2363. MR BUKAR KYARI ABBA2364. MR DURUIKE ALEX2365. MR EDU MUZZAMMIL OLUWASIJIBOMI2366. MR ESSIEN DOMINIC2367. MR GANA KINGSLEY SAMBO2368. MR IBIKUNLE AZEEZ OLAYINKA2369. MR IBITOWA NATHANIEL2370. MR IBRAHIM EMMANUEL UDIGA2371. MR IGBOANUGO OSITA HYGINUS

S/N NAMES

2372. MR KOYEJO ADEYEMI2373. MR MADAMIDOLA AYINLA BASHIR2374. MR MICHAEL PRINCE UGO2375. MR NDIDI JOSEPH2376. MR NKEMERE OBIDIKE CHIMEZIE2377. MR NWAMU DANIEL NWACHUKWU2378. MR OBEY OLUWAROPO2379. MR OGUNJIMI ABIODUN KASSIM2380. MR OGUNLESI FOLA2381. MR OGUNTADE GEORGE MOROUNFOLU2382. MR OGUNTOBI SAMSON OLUSEYI2383. MR OJENGBEDE ADESINA DAVID2384. MR OKEOWO GBOLADE OLUSEYI2385. MR OKI GODDY OGHENESEDE2386. MR OLANIRAN YAYA ADISA & MRS

OLANIRAN REGINA MONILOLA2387. MR OLOPADE ABIODUN ALABI2388. MR OLUYEMI OLAWALE DAVID2389. MR OSUNTOKUN AKIN2390. MR OTENIYA OLUMIDE GABRIEL2391. MR OWOLABI EMMANUEL ADELEKE2392. MR ROJUGBOKAN ADEBAYO OLORUNWA2393. MR UMUKORO UFUOMA EDIRI2394. MR USMAN MUSA2395. MRABURE CHARLES OGHENOVO2396. MRS ABERE REMILEKUN2397. MRS ADEJUWON ITUNU AYOBISI2398. MRS ADEYELU LYNDA MEDINA2399. MRS AGBEDAHUNSI ANNE ABIMBOLA2400. MRS AKINLOYE YETUNDE OLAJUMOKE2401. MRS AKWARAONWU AGNES IGANYA2402. MRS CHOKI EBELE2403. MRS OGUNLESI ELIZABETH2404. MRS OKEOWO MODUPE ABIOLA2405. MRS OLOPADE CATHERINE2406. MRS ORIOLA EUNICE ADUKE2407. MRS ROJUGBOKAN FOLASHADE

OLUBUNMI2408. MUDASHIRU WAIDI KAYODE2409. MUDI HAFSAT2410. MUFEEDAH FARMS AND INVESTMENTS2411. MUHAMMAD HABIBA H.2412. MUHAMMAD HADIZA BELLO2413. MUHAMMAD HADIZA BELLO2414. MUHAMMAD HUSSAINI IDRIS2415. MUHAMMAD IBRAHIM ALHAJI2416. MUHAMMAD MAIRO MUNDU2417. MUHAMMAD MARYAM JAMEELAH2418. MUHAMMAD MUSTAPHA2419. MUHAMMAD SULEIMAN2420. MUHAMMAD TIJJANI2421. MUHAMMED RAHMATU2422. MUHAMMED YAKUBU IDRIS2423. MUHAMMED YUSUF ISAH2424. MULLAK TIMNAP2425. MUNDU MOHAMMED MUSTAPHA2426. MUNIC VENTURES LTD2427. MUOBIKE NGOZI FIDELIA2428. MUODUMOGU CHINWE ANTHONIA2429. MUOKA CALISTA ENUMA2430. MURITALA RASAQ ADEWUNMI2431. MUSA ABUBAKAR ADAMU2432. MUSA ABUBAKAR ADAMU2433. MUSA ANAS2434. MUSA SALISU2435. MUSA UMAR ADAMU2436. MUSA UMAR ADAMU2437. MUSA YERIMA BELLO2438. MUSBAU SULAIMAN AKANJI2439. MUSLIM STUDENT SOCIETY OF NIGERIA2440. MUSTAFA BASHIR2441. MUSTAPHA ABDULLAHI TAGOJE

S/N NAMES

2442. MUSTAPHA AUDU2443. MUSTAPHA BABAGANA SHUWA2444. MUSTAPHA NURENI OLAIYA2445. MUSTAPHA OLAREWAJU SHITTU2446. MUSTAPHA OMOTAYO ALIYU2447. MUSTAPHA RILWAN OLADIMEJI2448. MUTIU POPOOLA/ OLANREWAJU OBAFEMI2449. MUYIDEEN FAISAL OLORUNSEYI2450. NAKWARAI JAMIL SHEHU2451. NANSHAP ESTHER2452. NANSHIP RICHARD2453. NASIR BARDA HADIZA2454. NASIR HAFSAT2455. NASIR KHADIJA2456. NASSAR MOSHOOD LANREWAJU2457. NDALOLO AMINAT2458. NDIWE EMMANUEL CHUKA2459. NDU LILLIAN2460. NDU NYEKACHI KINGSLEY2461. NDUANYA UJUNWA IFEOMA2462. NDUBA IJEOMA JOMOCIN2463. NDUKA NWADIKE ABEL2464. NDUKWE CHARLES2465. NDUKWU ANNA KATE2466. NEBO CHIDIEBERE LOIS2467. NEBO CHIENYE ORIAKU2468. NEDD ADEFOLAKE ADEFOPE2469. NESFIED ERIM2470. NEXT INTER'L LTD.2471. NGOKA ZION NZECHINYERE2472. NGWUOKE EMMANUEL ONYEMAECHI2473. NIKACHY MULTISERVICES LTD2474. NINIOLA ABIOLA ABIODUN2475. NIYI OYEMADE2476. NJEPU AUGUSTINE NNAEDOZIE2477. NJOKU CHRISTOPHER CHUKWUEMEKA2478. NJOKU CHRISTOPHER IHEANYI2479. NJOKU EDMUND UZOMA2480. NJOKU EPHRAM UWABUNKONYE2481. NJOKU EUNICE CHIOMA2482. NJOKU IJEOMA TITUS2483. NKACHUKWU OZOEMENAM EMMANUEL2484. NKAMEME UCHE CLARE2485. NKECHI U. KALU2486. NKEMDIRIM CHIDI MOREAN2487. NKEMDIRIM CHIDI MOREAN2488. NKIRI ISAAC GODWIN2489. NMEKA OGEDINIRU NELSON2490. NNA NELSON CHIDI2491. NNACHEBE DANIEL UCHECHUKWU2492. NNADOZIE EZEKANACHI2493. NNADOZIE FREDRICK CHITOO2494. NNAEBUE CHINWENDU EDITH2495. NNAJI CHIKA2496. NNAJI CHIKA2497. NNAJI ONYEKACHUKWU2498. NNAJI UCHECHUKWU GOD'SWILL2499. NNAJIOFOR FRANCIS KINGSLEY2500. NNAMANI BASIL CHISOMAGA2501. NNAMANI EBERECHUKWU PHILOMINA2502. NNAMANI STANLEY OKONKWO2503. NNAMDI INNOCENT OKWUDILI2504. NNANNAH CHINEDU JAMES2505. NNEJI ANN IFEYINWA2506. NNODUECHI UCHECHI STELLA2507. NNOROM IHEOMA GEORGINA2508. NOK BUSINESS SOLUTIONS LTD2509. NONJU C. GOD'SPOWER2510. NONSO ONWUZO2511. NOSIRI CHINYERE CYNTHIA2512. NSEOBONG ANTHONIA AKPABIO2513. NSOFOR LAWRENCE NNAEMEKA


1 0 0 | C H A M S P L C 2 0 1 6 A N N U A L R E P O R T

S/N NAMES

2514. NTIAJU ERIC OGBONNA2515. NTUI IYA2516. NURUDEEN-AHMED MUSILIU ALABA2517. NWACHUKWU ALLOY CHINEDU2518. NWACHUKWU JERRY EJIKEME2519. NWACHUKWU NKECHI ENYIDIYA2520. NWACHUKWU NNEKA2521. NWADIKE ALOYSIUSMARY IKECHUKWU2522. NWADINOBI GODWIN CHIKAODIRI2523. NWAEME TEMITOPE OWOWUNMI2524. NWAENYI GEOFFREY CHUKWUDI2525. NWAFOR CHIJIOKE BLESSING2526. NWAFOR CHUKWUKA CHARLES2527. NWAFOR FRANCISCA CHIDALU2528. NWAFOR FREDERICK IFEANYI2529. NWAFOR IFEOMACHUKWU FELICITAS2530. NWAFOR OMOYEMI ADERIKE2531. NWAFOR PERPETUAL UCHECHI2532. NWAFOR PETER JACOB2533. NWAFOR SUNDAY NKEMAKONAM2534. NWAGBO DOMINIC ENYEOBI2535. NWAGBO JOSEPH2536. NWAGHA NKOLI EZINWANNE2537. NWAIBE UGOCHUKWU2538. NWAIGBO BASIL2539. NWAIGBO ONYEBUCHI2540. NWAIWU-ODUS OKECHUKWU2541. NWAJEI JOY OLUCHI2542. NWAJEI MICHAEL2543. NWAJEI UCHE2544. NWAKA NKECHI DAINA2545. NWAKUDO ANAYO STANLEY2546. NWAKWUE KATERINE NKPUROMA2547. NWAMU GLORIA AYOMIKUN2548. NWANEDO NDUBUISI ANSLEM2549. NWANERI CHINOMSO VICTORIA2550. NWANESI CHIBUZO PASCAL2551. NWANETI POLYCARP O.2552. NWANGANGA OSINACHI CHARLES2553. NWANGWU HYGINUS IFEANYI C2554. NWANJI COLLINS C.2555. NWANKWO FREDRICK CHIDI ELIAS2556. NWANKWO IFEANYI BENARO2557. NWANKWO OBINNA CHARLES2558. NWANKWO OKECHUKWU JEREMIAH2559. NWANKWO SUNNY2560. NWANNEMELU MARIAGORETTI2561. NWANNUKWU UCHE AUGUSTA2562. NWANZE EUNICE CHINONYEREM2563. NWAOBI UWADIMEGWU2564. NWAOFUNNE EMMANUEL2565. NWAOGWUGWU EZE PAUL2566. NWAORGU PRINCEWELL N2567. NWAORGU YVONNE NKENNA2568. NWAUBANI EMEKA CHRISTOPHER2569. NWAZOJIE CHISOM2570. NWEBUBE NNAMDI OKECHUKWU2571. NWEBUBE ONYEOMA C2572. NWEKE ADA2573. NWEKE DAMIAN OKECHUKWU2574. NWEKE GRACE OBIAGELI2575. NWEKE MADUKA JAMES2576. NWENE IGNAY2577. NWESE ORGBU IGWE2578. NWEZE EMMANUEL2579. NWIGWE MARIA ONYEMA2580. NWIZU OGECHUKWU MARYANNE2581. NWOBA EMMANUEL NWACHUKWU2582. NWOBODO LYDIA AMALA2583. NWOBU SAMUEL IKECHUKWU2584. NWOGU WINIFRED CHINYERE2585. NWOGWU BENJAMINE OKWY

S/N NAMES

2586. NWOKEAFOR MICHAEL CHILEZIE2587. NWOKEDI CHUKWUDI MICHAEL2588. NWOKEDI JENNIFER NKIRUKA2589. NWOKEJIOBI IJEOMA NNENNA2590. NWOKIKE IKECHUKWU OLIVER2591. NWOKO JOY AJUMA2592. NWOKOCHA GEORGE2593. NWORAH ARINZE KINGSLEY2594. NWORAH ESTHER CHIDIEBERE2595. NWORDU MARTINA ENUMA2596. NWORISA IMADE JULIAN2597. NWOSU ABATAM CHUKWUJEKWU2598. NWOSU AZUKA PEACE2599. NWOSU BILIKISU2600. NWOSU BLESSING OBIAUJU2601. NWOSU CATHERINE2602. NWOSU CHIJIOKE JUSTIN2603. NWOSU CHIKODI2604. NWOSU NNAMDI CHUKWUDI2605. NWOSU ONYANI UKA2606. NWOSU UCHE2607. NWOSUOCHA PATRICK ONYEMA2608. NWOYE EUNICE UCHE2609. NYONG ESUONG MICHAEL2610. NYOYOKO CHRISTIAN CHRISTOPHER2611. NZE ORLEANS CHUKWUEMEKA2612. NZEWUIHE IKECHUKWU KELECHI2613. OAIKHENA EHIDIAMEN2614. OASIS AND COMMUNICATION GLOBAL

LTD.2615. OBA NWAKAEGO AGATHA2616. OBADARA PRECIOUS OLABISI2617. OBADARE OLUKAYODE JOSEPH2618. OBADIAH GANDU TITUS2619. OBAIZAMOMWAN PETER OSZAZEE2620. OBANIBI ADAMS OLORUNSOGO2621. OBANLA WAHEED ABIMBOLA2622. OBANOYEN NUSI OLADUNNI2623. OBASA DAVID ROTIMI2624. OBASANYA JOSEPHINE KEHINDE2625. OBASE DEBORAH2626. OBASEKI JEREMIAH2627. OBASI CLARA ATAIGBUA2628. OBASI JOHNSON CHINONSO2629. OBATAYO JOHN OLUWAFEMI2630. OBAYOMI ADEOLUWA ONAARA2631. OBAYOMI IDOWU2632. OBAZEE OSAMUDIAMEN2633. OBEMBE OLAWALE2634. OBEMBE OLUBUNMI2635. OBENDE ONAWUREYI OLAYEMI2636. OBERABOR PETER2637. OBI ANTHONY NKEMDIRIM2638. OBI CHINYELE CELESTINA2639. OBI CHUKWUMA JASPER2640. OBI FRANCIS CHUKWUMA2641. OBI JEROME CHUKWUEMEKA2642. OBI JOHN CHUKWUEMEKA2643. OBI JUSTIN2644. OBI NDIBE2645. OBI NNEKA ZAINABU2646. OBI UGOCHUKWU L.2647. OBIAGWU SAMUEL CHUKWUMA2648. OBIAHUBA GABRIEL CHINYEAKA2649. OBIAJULU IKECHUKWU SAMUEL2650. OBIAKOR DENIS2651. OBIANIGWE IJEOMA HAPPINESS2652. OBIANKE ODION GODWIN2653. OBIANO (CHIEF MRS) EBELECHUKWU V.2654. OBIANOZIE OSITA INNOCENT2655. OBIARAERI NNAEMEKA ONYEKA2656. OBIDIGBO SUNDAY SAMUEL

S/N NAMES

2657. OBIDIKE KEN -PAUL2658. OBIECHINA ZITA CHIOMA2659. OBIEFUNA CHINENYE JOY PROMISE2660. OBIEFUNA NNEKA2661. OBIEFUNA PATRICK UZODINMA2662. OBIEFUNA TONIE EJIKE2663. OBIEKWE CHUKWUDI JOSHUA2664. OBIEKWE ERIC UCHECHUKWU UCHEBEST2665. OBIEKWUGO AGATHA2666. OBIGBESAN OLADAYO POPOOLA2667. OBIJIAKU SAMUEL IKECHUKWU2668. OBIJURU MATINA OLACHI2669. OBIKA INNOCENT EMEKA2670. OBIKE IKECHUKWU & ROSEMARY2671. OBIKWERE JOY JUSTINA2672. OBINNA ANDREA AMARACHI2673. OBINWE ERIC CHUMA2674. OBIORA COSMAS AKATAEKWE DR2675. OBIORA EDWARD OBINNA2676. OBIORA IBE2677. OBIRE E. GLORY2678. OBISANYA FUNMILAYO OMOLARA2679. OBODI ANTHONY UFUOMAEFE2680. OBODI UFUOMAEFE ANTHONY2681. OBOH PETER AIGBORNA I2682. OBOH PETER AIGBORNA I2683. OBOH PRINCE EDET EMMANUEL2684. OBOH PRINCE EDET EMMANUEL2685. OBOTT USEN N. FRANK2686. OBRI FRANCIS OGAR2687. OBU DAVID UDANYI2688. OBUKADIATA EMMANUEL FRANCIS2689. OCHEME FELICIA2690. OCHIA OBICHUKWU PETER2691. ODAFIN SANDRA O2692. ODE FOLASHADE2693. ODEDIRAN OLATUNDE ADEBISI2694. ODEJIMI OLUBISI2695. ODEJOBI ADEMOLA OLAGUNJU2696. ODEJOBI AYOBAMI2697. ODEKWO OGHENEFEJIRO SARAH2698. ODELEYE OPEYEMI OMONIKE2699. ODENIYI TIMOTHY OLUGBENRO2700. ODERINDE CHRISTIAN OLUWATOSIN2701. ODERINDE TAIWO AKINLOLU2702. ODETORO ROFIKAT ADEBUKONLA(NEE

AINA)2703. ODEYEMI SUNDAY OLUYEMI2704. ODIA ANTHONY2705. ODIAZOR CHIGOZIE JOHNSON2706. ODIETE UDUMA JUSTINA2707. ODIGWE OFURE EKINADOESE2708. ODIGWE OSAIHIEORIA U.2709. ODIKPO FELIX ELUOJO2710. ODIMBA JOSEPH2711. ODINENU VICTORIA NNE2712. ODINKEMERE CONFIDENCE NKECHI2713. ODIONYE AMARACHI2714. ODIYI EMMANUEL C. A.2715. ODOCK FRANCA ARONG2716. ODOGE EMMANUEL OMALE2717. ODOGWU SANDRA NWAKA2718. ODOH ROBERT IHEANYICHUKWU2719. ODOH SHEDRACK CHIEDOZIE2720. ODOZI CHIDI DANIEL CHIWEOKU2721. ODUAGU INVESTMENT TRUST LTD2722. ODUESO JANET OLUWASEUN2723. ODUGBESAN IBUKUN SONAIKE2724. ODUKOYA ABAYOMI2725. ODUKOYA AJIBOLA OLAYINKA2726. ODUKOYA OLALEKAN YESIRU2727. ODUMESI JOHN OLAYEMI

S/N NAMES

2728. ODUMUYIWA BANKOLE ADEGOKE2729. ODUNAIKE OLADAYO OLUFUNMI2730. ODUNLAMI ABIOLA OLAYINKA2731. ODUNLAMI SAMSON ADENIYI2732. ODUNMBAKU KOLAWOLE OLUWATOSIN2733. ODUNUGA OLUKEMI AFOLASADE2734. ODUNUGA SAMIAT ADEBANKE2735. ODURUKWE OLUWATOSIN ESTHER2736. ODUSANYA FOLASHADE OLUWAYEMISI2737. ODUSANYA ODUFUNMILAYO OLUWAKEMI2738. ODUSANYA OLUFUNMILAYO ADESHOLA2739. ODUSHOLA SURAJU ADELEKE2740. ODUSINA OLAYINKA S2741. ODUSOLA MONSURAT ABOSEDE2742. ODUTOLA ADEGBOYEGA2743. ODUTOLA ADELANA2744. ODUTOLA OLUFUNKE2745. OFFEH BLESSING2746. OFFONWI EFFIONG OKON2747. OFFOR ANGELA IFEYINWA2748. OFFOR BENSON2749. OFFOR CHETACHI C.2750. OFFOR OGADINMA ROSELINE2751. OFI AYODELE OLUFEMI2752. OFILI ONYEKA UCHE2753. OFODUM IKECHUKWU PATRICK2754. OFOMATA NKEMJIKA GLADYS2755. OFO-MUOGBO EDNAH ADAOBI

ODUMCHEFU2756. OFUDJE B. JULIET OMAS2757. OFUOKWU CHUKWUDI JOHN2758. OFUYEKPONE STELLA ORAHARHE2759. OGBALU MICHAEL OBIEFUNA2760. OGBARA KAZEEM2761. OGBEBOR GODWIN OTABOR2762. OGBECHIE EMMY2763. OGBECHIE NYEMIKE2764. OGBENI KINSLEY I.2765. OGBODO CHUKWUEMEKA MARK2766. OGBOKU CHINYERE A.2767. OGBOMO RICHARD2768. OGBONNA CHINEDU EMMANUEL2769. OGBONNA EMEKA CHIBUZO2770. OGBONNA NGOZI HELEN2771. OGBOYE FIYINFOLUWA HAMIRA2772. OGBUAGU DANIEL JOSEPH2773. OGBUE GODWIN UDOCHI2774. OGBUEFI FABIAN NDUBUISI2775. OGBUEFI NGOZI ANTHONIA2776. OGBULIE EMMANUEL MADU2777. OGHAGHA JOSEPH2778. OGHALI CHUKWUKA CHUKS2779. OGHENEMARO ENAHORO EFE2780. OGHUMA KENNETH OSHIOMA2781. OGIDIOLU ADEGBENRO2782. OGIDIOLU ADEKANMI2783. OGIDIOLU ADEKANMI2784. OGIERIAKHI MERCY2785. OGIEVA VINCENT SUNDAY2786. OGIKE CHIBUZO J.2787. OGIKE TOCHI XAVIER2788. OGINNI AYODELE NATHANIEL2789. OGINNI FUNMILAYO CATHERINE2790. OGINNI IDOWU ADENIRAN2791. OGINNI OLUWASEUN & FAMUBO O.2792. OGINNI OLUWATOYIN AJAO2793. OGINNI TAIWO2794. OGOBEGWU STELLA ALERO2795. OGODO MICHEAL2796. OGOEGBUNEM STEVE KAINALIO-OSE2797. OGOR MIKE2798. OGU AMARACHUKWU FIDELIS


C H A M S P L C 2 0 1 6 A N N U A L R E P O R T | 1 0 1

S/N NAMES

2799. OGUADINMA EMMANUEL ONUDINACHUKWU

2800. OGUAMA UCHECHI BETTER2801. OGUERI MITCHEL UCHENNA2802. OGUEZUMA JACK DONATUS2803. OGULEDO IKECHUKWU FRANCIS2804. OGUN MARIA PENTHO2805. OGUN OLUWASEYEEMMANUEL2806. OGUNBADEJO ABOSEDE ADETOUN2807. OGUNBADEJO BUKOLA ADIJAT2808. OGUNBADEJO TAOFIK BABATUNDE2809. OGUNBAJO ADEBOLA ABIODUN2810. OGUNBANWO ADEKUNLE2811. OGUNBANWO RAZAQ OLANREWAJU2812. OGUNBIYI ADESOJI2813. OGUNBIYI OLUDARE GABRIEL2814. OGUNBIYI OLUDARE GABRIEL2815. OGUNBONA OLUWASEUN2816. OGUNBONA OLUWASEUN

OLUWAGBOHUNMI2817. OGUNBUKOLA MATTHEW OLUSEGUN2818. OGUNDARE HELEN OLUFUNMILAYO2819. OGUNDARE MOBOLAJI OPEOLU2820. OGUNDARE OLUFEMI OLUSOLA2821. OGUNDARE RACHEL WALEOLA2822. OGUNDARE YUSUF ADEOLA2823. OGUNDELE OLUBUNMI ADEJOKE2824. OGUNDERO OLUFOLAKE2825. OGUNDIJO ANNE OJOMA2826. OGUNDIJO MUYIWA ABIODUN2827. OGUNDIMU OREOLUWA DAMILOLA2828. OGUNDIPE ABIODUN JOHNSON2829. OGUNDIPE ESTHER OLAITAN2830. OGUNDIRAN JUNAID OLANIYI2831. OGUNFOWOKE OLAYINKA ABENI2832. OGUNFOWORA OLUMUYIWA2833. OGUNGBE FEYI2834. OGUNGBE JIJOHO AYOSUNMOLE2835. OGUNGBE OLATUNDE AYODEJI2836. OGUNGBESAN OLUWADAMILOLA O.2837. OGUNGBESAN OLUWAFEMI SAMUEL2838. OGUNGBILE SAMUEL PRECIOUS2839. OGUNGBIRE JOHNSON KAYODE2840. OGUNJIMI ALABI LOOKMAN2841. OGUNJIMI TENIOLA2842. OGUNJIRIN ADEYINKA OLORUNFEMI2843. OGUNKO TOLUTOPE BRENDA2844. OGUNKOYA OLUSANYA TAIWO2845. OGUNKOYA YETUND TITILAYO2846. OGUNLANA ABIODUN2847. OGUNLEYE ABODUNRIN CATHERINE2848. OGUNLEYE OLABODE (DR.)2849. OGUNLEYE TOSIN2850. OGUNNEYE LADI2851. OGUNNUBI ROBERTS2852. OGUNREMI ABIGEAL ANIKE2853. OGUNREMI MELUTIA2854. OGUNRINDE ARAOLUWA

OLUWAGBEMISOKE2855. OGUNRINDE BOLADE SUNDAY2856. OGUNRINDE IYANUOLUWA AFOLABI2857. OGUNSIPE BIDEMI ADEREMI2858. OGUNSOLA JOSEPH TEMIDARA O2859. OGUNSOLU ALEXANDER OLUYEMI2860. OGUNTADE AKEEM HARDIX2861. OGUNTIMEHIN JOHN OLAWALE2862. OGUNTIMEHIN SAMSON TAIWO2863. OGUNTOLA OLUROTIMI BABATUNDE2864. OGUNTOYE OLALEKAN OLUWASEGUN2865. OGWO KALU OGWO2866. OHAJI COLLINS OGECHI2867. OHAKWE CHINEDU FIDEL2868. OHAZURUME SUNDAY MICHAEL

S/N NAMES

2869. OHIOMOBA CAXTON OLUMIDE OHIMAI2870. OHIRI DANIEL AMAECHI2871. OHWORHUADJEKE HELEN2872. OIGBOCHIE LARRY2873. OJEAH IWEDIKE HENRY2874. OJEH ANTHONY2875. OJEI CHUKWUMA DAVID2876. OJEI ESTHER EWERE2877. OJEI FAITH NGOZI2878. OJEI SAMUEL UCHE2879. OJEI-DAVID CHUKWUDUMEBI THERESA2880. OJEI-DAVID NGOZI BLESSING2881. OJELEYE BOLANLE ADEJOKE2882. OJETUNDE SAMSON OLUGBENGA2883. OJEWUYI JOSHUA2884. OJI ADANNAYA GRACE2885. OJI EMMANUEL ONU2886. OJIAKO UZONNA MICHAEL2887. OJIMBA SEBASTINE ODIRA2888. OJO AKINWALE OBIYO2889. OJO AYODELE JOSEPH2890. OJO AYODELE JOSEPH2891. OJO BLESSING OMOTAYO2892. OJO CHARLES A2893. OJO MICHEAL AKINWALE2894. OJO OLUKUNLE OLUSEYI2895. OJO OLUMUYIWA2896. OJO OSARUNAMEN VICTORIA2897. OJO ROTIMI RIYELE2898. OJO SAMUEL ADEOYA2899. OJO TIMOTHY LAWRENCE2900. OJO TIMOTHY LAWRENCE2901. OJOSIPE ADEDAYO BABATUNDE2902. OJOSIPE ROSALIND2903. OJUMOOLA IBRAHIM ISHOLA2904. OJURONGBE FUNMILOLA JULIANA2905. OKACHI CHUKWUMA2906. OKAFOR ARINZE ONYEKA2907. OKAFOR CHINYERE MAUREEN2908. OKAFOR CHIOMA BENEDETTE2909. OKAFOR CHRISTOPHER CHINAKA2910. OKAFOR EDWIN EMEKA2911. OKAFOR EMMANUEL SUNDAY2912. OKAFOR GEORGE NCHEDO2913. OKAFOR KINGSLEY CHIDI2914. OKAFOR LETICIA AMUCHE2915. OKAFOR MONDAY2916. OKAFOR OBIANIKA MICHAEL2917. OKAFOR OKECHUKWU FRANCIS2918. OKAFOR ONYEBUCHI MAC-HAROLD2919. OKAFOR PATRICIA AZUKA2920. OKAFOR PAUL CHUKWUEMEKA2921. OKAFOR RICHARD2922. OKAFOR UCHE DOROTHY2923. OKAKOR BENEDICT2924. OKALI OBINNA NDUBUISI2925. OKANLAWON OLUFUNKE ABOSEDE2926. OKANLAWON TAIWO USMAN2927. OKANLAWON YETUNDE OLUBUNMI2928. OKANOLA-BIALA AYOKUNLE JOHN2929. OKATE LAWRENCE AKHANOYA2930. OKATTA CELESTINE OKEY2931. OKAZU NJUBEMERE2932. OKE ABAYOMI W.2933. OKE MAGARET AFOLAKE2934. OKE OLUWAFEMI ABIODUN2935. OKE OLUWOLE (HONOURABLE)2936. OKEAGU CHIJIOKE2937. OKEAGU IGNATIUS OKANANDU2938. OKEBUGWU CHRISTIAN NNAMDI2939. OKEBUNMI KAMORUDEEEN2940. OKECHUKWU BENJAMIN MONDAY

S/N NAMES

2941. OKECHUKWU CHIDI JNR.2942. OKECHUKWU IFEYINWA UGONNA2943. OKECHUKWU IZUNNA ABEL2944. OKECHUKWU JANET AMAKA2945. OKEDARA AFEEZ AYINDE2946. OKEDARA OLATUNDE2947. OKEGBOLA OLUWOLE GABRIEL2948. OKEGBUE NZERIBE SUNDAY2949. OKEKE DANIEL ONYESO2950. OKEKE EMMANUEL IKECHUKWU2951. OKEKE EMMANUEL UCHENNA2952. OKEKE JESSY EKWUTOSI2953. OKEKE KINGSLEY EMEKA2954. OKEKE OBINNA MATHEW2955. OKEKE ODILI MOSES2956. OKEKE PIUS JOHNSON O.2957. OKEKE SCHOLASTICA N2958. OKEKE SUNNY ALEX2959. OKEKE VINCENT NNAEMEKA2960. OKELANA ADEBAYO2961. OKELEYE ENOCH ANJOLA-OLUWA2962. OKEMMADU GEORGE

MMADUABUCHUKWU2963. OKENNWA MODESTUS NKEMJIK S. P.2964. OKENYEHIKE AMAKA GODWIN2965. OKEOMA JUDE EBERECHUKWU2966. OKEOWO MUFUTAU ABOLANLE2967. OKEOWO OLAJUMOKE OWUNOLUWA2968. OKEOWO OLUTOYIN OLAOLU2969. OKEREKE ANGELA2970. OKEREKE AYAH2971. OKEREKE PRICILLIA EKENE2972. OKEREKE-ONYIUKE NDI2973. OKEREKE-ONYIUKE NDI (DR MRS)2974. OKESON PAUL NWORA2975. OKESON PAUL NWORA2976. OKEWOLE NIKE YEMI2977. OKEY GABRIEL EKENE2978. OKIKA JOSEPH2979. OKOCHA CHRISTIAN CHUKWUELOKE2980. OKOCHA CHUKWUEROKE JONAH2981. OKOCHA PEACE EBERE2982. OKOEGUALE ELOMHENSEBHOR GLADYS2983. OKOGBA JOSEPHINE PREYE2984. OKOGBUE BEN EZINWA2985. OKOGWU JOSEPH NWABUAKU2986. OKOH O. AUGUSTINE2987. OKOJI MAUREEN E2988. OKOJIE MARY2989. OKOKORO WILLIAMS2990. OKOLI AUGUSTINE JIDEOFOR2991. OKOLI GRACE NJIDEKA2992. OKOLI IMMANUEL IKE2993. OKOLI VICTOR IKECHUKWU2994. OKOLOKO EBRUBA JOHN2995. OKOMHANRY OSAREMWEN RUFUS2996. OKON CLEMENT EFFIONG2997. OKON EDIDIONG RACHAEL2998. OKON EKE EDEM2999. OKON EQUERE EDET3000. OKON ESTHER3001. OKON IME EDITH3002. OKON INNOCENT ETIM3003. OKON JEREMIAH3004. OKONGWU AMALACHUKWU3005. OKONGWU VICTOR NNAEMEKA3006. OKONJI FRIDAY CHIBUEZE3007. OKONJI MARIA EDAILOKUN3008. OKONKWO ABUMCHUKWU3009. OKONKWO FRANCIS OBALUM3010. OKONKWO GILBERT EZECHIMA N3011. OKONKWO IFEYINWA PROSPER

S/N NAMES

3012. OKONKWO IFEYINWA PROSPER3013. OKONKWO IGNATIUS EKENE3014. OKONKWO IKECHUKWU CHUKWUEMEKA3015. OKONKWO KENECHUKWU OLUCHUKWU3016. OKONKWO LINUS ODINAKA3017. OKONKWO NZUBE DOMINIC3018. OKONKWO PENINAH NNENNA3019. OKONTA UDOKA ONYEKA3020. OKONTI ANWULI GREAT3021. OKORIE ANSELM3022. OKORIE BENJAMIN3023. OKORIE CHIJIOKE3024. OKORIE ERNEST3025. OKORIE JOHNSON EZINWANNE3026. OKORIENTA MADUABUCHI STEPHEN3027. OKORO AUGUSTINE EZE3028. OKORO NKECHI CAROLINE3029. OKORO PRISCILLA UGOCHI3030. OKORO SAMUEL UGOCHUKWU3031. OKOROAFOR CHIKE SOPURUCHI3032. OKORODUDU ALEX OMATSEGUWA3033. OKOSUN SAMUEL AMEDU3034. OKOTETE ALEXANDER JUVWERE3035. OKOTIE FRANKLIN3036. OKOTIE ONAJITE3037. OKOUBOH MACDONALD3038. OKOYE ALEXANDER CHINONSO3039. OKOYE AMAKA STELLA C/O NWAGBO J.3040. OKOYE BELINDA ADAOBI3041. OKOYE COSMOS AKACHUKWU3042. OKOYE COSMOS PATRICK3043. OKOYE EBUKA HENRY3044. OKOYE GREGORY IFEANYICHUKWU3045. OKOYE IFEANACHO KIZITO3046. OKOYE KING CHIBUEZE3047. OKOYE MICHAEL CHIKEZIE3048. OKOYE NGOZI JOSEPHINE3049. OKOYE SUNDAY ARINZE3050. OKOYE V. EBUKA3051. OKPA JOSEPH AGU3052. OKPALA CHUKWUMA CHARLES3053. OKPALA ESUNE THONY3054. OKPALA GODWIN OGOMEGBUNAM3055. OKPALAKUNNE CLEMENT NDUBUISI3056. OKPALAOKA CHUKWUEMEKA

NKEMAKONAM3057. OKPALAUGO PAULINUS CHUKWUMA3058. OKPAPI SOPHIA3059. OKPARA GODWIN CHINAZA3060. OKPARA OBIOMA IKECHUKWU3061. OKPARA OBUNIKE E.3062. OKPARA OSIMIRIN UCHE3063. OKPARA SUSAN CHIGOROM3064. OKPARA UGOCHUKWU TIMOTHY3065. OKPE UCHENNA MARTIN3066. OKPETUE CHUKWUDI3067. OKPO IFEOMA3068. OKPOMO OMUAYIFETENE FELIX3069. OKPOMU JACKSON OYINOENEPERI3070. OKUBOYEJO ADETOKUNBO3071. OKUKENU OLUWAFEMI ADEYEMI3072. OKUMOR FORTUNE BLESSING3073. OKUNBOR LOUSIA OBIAGELI3074. OKUNFOLAMI TINA ADEOYE3075. OKUNJEMIRUWA DEBORAH CHIDINMA3076. OKUNLOLA RACHEL ARINOLA3077. OKUNNOWO BABATUNDE .D3078. OKUSANYA ABIODUN ENITAN3079. OKUYIGA MOYOSORE3080. OKWARA HADASSAH NGOZI3081. OKWESILI IKECHUKWU CHARLES3082. OKWOR EMMANUEL



S/N NAMES

3083. OKWOR SUNDAY OMANG3084. OKWORI COMFORT3085. OKWORI EMMANUEL JAMES3086. OKWUACHI BEN-BENSON NWAZE3087. OKWUMO ECHEZONA N3088. OLA GOKE3089. OLA TUNJI3090. OLABODE OLUFEMI3091. OLADAPO OLUWASEUN TEMITOPE3092. OLADAPO ROBERT OMISADE3093. OLADAPO VICTOR IPOOLA3094. OLADEINDE OLUFISOLA3095. OLADEINDE OYINKAN3096. OLADEJO ALIMAT MOTUNRAYO3097. OLADEJO MARYAM OREOLUWA3098. OLADELE AKEEM OLATUNBOSUN3099. OLADELE BISOLA YEMISI 23100. OLADELE SALIU HASSAN3101. OLADEPO MONSURAT BOLAJI3102. OLADEPO OLUSOJI FREDRICK3103. OLADIMEJI MERCY3104. OLADIMEJI OLADELE JOHNSON3105. OLADIMEJI RILWAN ATANDA3106. OLADIPO IBRAHIM OLANREWAJU3107. OLADIPO JOSEPH GBADEGESIN3108. OLADIPO MATINA AJIBADE3109. OLADIPO MUSBAU OLAYIWOLA3110. OLADIPO OLUFEMI GABRIEL3111. OLADIPO OLUWAKEMI VICTORIA3112. OLADIPUPO SUNDAY ANTHONY3113. OLADIRAN OLADAPO3114. OLADIRAN OREOLUWA DOTUN3115. OLADOSU OLUDARE EMMANUEL3116. OLAGBAJU BABATUNDE SAMUEL3117. OLAGOKE SAMSON OLUSEGUN3118. OLAITAN OLADIPO AKINDELE3119. OLAIYA ABIOLA ELIZABETH3120. OLAJIDE AZEEZ3121. OLAJIDE HILARY OPEYEMI3122. OLAJIDE KOLE3123. OLAJIDE OGUNSANLU OLUGUNWA3124. OLAJIDE OLAWALE SAMUEL3125. OLAJIDE PRINCESS OPEYEMI3126. OLAJIDE-AWOSEDO OLUWADAMILOLA3127. OLAJUMOKE MOLADE3128. OLAKANLE GLORIA3129. OLALEMI ISAAC ADELEKE3130. OLALEMI OLUWASEUN JOSHUA3131. OLALEYE EMMANUEL KOKUMO3132. OLAMIDE OLUWATOMIWA DAVID3133. OLAMIDE OLUWATOMIWA DAVID3134. OLAMIDE SHONEKAN3135. OLAMIJULO SAMUEL KAYODE3136. OLANIPEKUN ADEBOLA OLAYEMI3137. OLANIPEKUN DORCAS3138. OLANIYAN ABDULRASAQ ALIYU3139. OLANIYAN ADEMOLA ADELODUN3140. OLANIYAN ADEREMI3141. OLANIYAN MARIAN TAIWO3142. OLANIYAN O. OLAYINKA3143. OLANIYAN OLUWAMAYOWA CHRISTIANAH3144. OLANIYAN OLUWASEYI OLUWATOYIN3145. OLANIYI OLUKEMI TITILOPE3146. OLANREWAJU AKEEM3147. OLANREWAJU OLUGBENGA SEUN3148. OLANREWAJU SHEKONI3149. OLANREWAJU YUSUF MOHAMMED3150. OLAOBAJU TIMOTHY O3151. OLAOBAJU TIMOTHY O.3152. OLAOJO BABATUNDE FEMI3153. OLAOYE GHANDI3154. OLAOYE MICHAEL AKEEM

S/N NAMES

3155. OLAOYE OLAOLUWA ABIODUN3156. OLAOYE PIUS TAYO3157. OLAPEJU DIPO3158. OLAREWAJU OLAKUNLE YEMI3159. OLARINDE ADETAYO RAHMAN3160. OLARINDE BABATUNDE3161. OLARINOYE ABIODUN3162. OLARINOYE KEHINDE3163. OLARINOYE SAHEED3164. OLASODE BABATUNDE J (DR&DR MRS)3165. OLATAYO MOUFTAOU ALARAPE3166. OLATERU- OLAGBEGI ADEYEMI3167. OLATERU OLUWASEYE SAMSON MAYOWA3168. OLATUNBOSUN KABEER AYOFE3169. OLATUNDE JULIANAH KEMI3170. OLATUNDE MUKTAR AYOMIDE3171. OLATUNDE MUSHARAF BABATUNDE3172. OLATUNDE MUTALLIB KAYODE3173. OLATUNDE MUTMAINAT TOPE3174. OLATUNDE TITILOPE TOYIN3175. OLATUNDE-VAUGHAN BABASOLA3176. OLATUNJI BAMIDELE3177. OLATUNJI CHRISTIANAH MRS3178. OLATUNJI FEMI3179. OLATUNJI KOLA SAEED3180. OLATUNJI OLUSOGO TUNDE3181. OLATUNJI OMOBOLANLE ATOKE3182. OLAWALE ISAAC WALE-AWE3183. OLAWALE OLALEKAN TAIWO3184. OLAWALE OMOTOLA OLOLADE3185. OLAWANLE SAMSON3186. OLAWEPO MATTHEW KUNLE3187. OLAWOLE EUNICE OLUFUNMILAYO3188. OLAWOLE OLAYEMI OLATUNJI3189. OLAWOLE SAIBU3190. OLAWOYE BOLAJI MONISOLA3191. OLAWOYE KOLADE3192. OLAWUYI ABIDEMI TITILAYO3193. OLAWUYI MIKE S.3194. OLAWUYI SILIFAT FUNMI3195. OLAWUYI SUNDAY ABAYOMI3196. OLAYANJU TUNDE TIMOTHY3197. OLAYEMI HENRY KEHINDE3198. OLAYEMI RICHARD ADENIYI3199. OLAYEMI RICHARD ADENIYI3200. OLAYINKA AJIBOLA ODUKOYA3201. OLAYINKA JANET FADEKE3202. OLAYINKA OLANIPEKUN M.3203. OLAYIOYE ADEDAYO OLAYEMI3204. OLERU FRANCIS ANAYO3205. OLIKAGU CHIBUEZE ANTHONY3206. OLISA CHIGOZIE SAMUEL3207. OLISA IJOMAH SAMUEL3208. OLISE ERIC JOHN I3209. OLISEDU MONICA NONYELUM3210. OLISEMEKA PATRICK3211. OLOBA OLUWAJOBA MICHAEL3212. OLODUN ADEKUNLE3213. OLOGBENLA ADEBISI DAVID3214. OLOGBENLA BENJAMIN ADEROJU3215. OLOJO OLUWAROTIMI ABAYOMI3216. OLOKETUYI OLANIYI SEGUN3217. OLOKO HABEEB OLADAPO3218. OLOOWOKERE OLUSHOLA3219. OLOPADE ABIODUN3220. OLOPADE FASILAT FOLASADE3221. OLORUNFEMI OLUBUNMI ADEMOLA3222. OLORUNFEMI OLUSIMBO3223. OLORUNNISOLA JOHN ADEKANMI3224. OLORUNSOLA FEYISAYO3225. OLORUNSOLA PETER IBUKUN3226. OLORUNSUYI JOHN

S/N NAMES

3227. OLORUNSUYI KHAFILAT3228. OLORUNSUYI OPEMIPO3229. OLORUNTIMILEHIN OLAYINKA3230. OLORUNTOLA EDWARD TOKUNBO3231. OLORUNTOLA FUNMILAYO FAUSAT3232. OLOTIN BAMIDELE OLAMIDE3233. OLOWO EDWARD TAIWO3234. OLOWOGORIOYE VICTOR3235. OLOWOPOROKU TEMITOPE3236. OLOWOSUKO OLUBUSOLA OMOWAARE3237. OLOWOYO SUNDAY SOLA3238. OLOWU ISAKA ABIODUN3239. OLOWU KEHINDE ABIOLA3240. OLOYE WASIU ADEKUNLE3241. OLOYEDE ADELOLA JOHN3242. OLOYEDE ADEWALE ADEKUNLE3243. OLOYEDE ISRAEL OLUSEGUN3244. OLUBA JUDE CHUKWUEMEKA3245. OLUBANWO FUNMI OWOWUNMI3246. OLUBIYI ADEYEMI GIDEON3247. OLUBIYI OLUBUSAYO AKINYELE3248. OLUBODUN OLUWAKEMI3249. OLUBORI OLUBUNMI OLUWASEUN3250. OLUBUNMI BABATUNDE GBADEBO3251. OLUDOTUN KOLAWOLE TIMOTHY3252. OLUFEMI HAMED3253. OLUFON BABATUNDE KARUNWI3254. OLUGUNWA BABAFEMI OLUWOLE3255. OLUKEYE LATEEF AJANI3256. OLUKOREDE OLAIDE HONOUR3257. OLUKOYA OLUFEMI ABIDEMI JOSEPH3258. OLUKUNLE TOKUNBO3259. OLULANA JOSEPH A3260. OLUMEKO DESTINY OLANIYI3261. OLUMIDE AJIBAWO3262. OLUMOLU OLUWASEYI SAMUEL3263. OLUNIYI OLAWUMI OLANIYI3264. OLUNOWO KOFOWOROLA AMUDAT3265. OLUOKUN AYO3266. OLURINDE DAVID MORAKINYO3267. OLUSA MICHEAL TOBAOLUWANIMI3268. OLUSANYA OLUMIDE ADEYIGA3269. OLUSEGUN ALICE3270. OLUSEGUN OLAWALE OLUDARE3271. OLUSESI OMOSANYA ADEWUNMI3272. OLUSOLA YETUNDE OPEYEMI3273. OLUTAYO JANE O3274. OLUWABIYI AANUOLUWA3275. OLUWABIYI OOREOLUWA3276. OLUWAFEMI LAWRENCE ADETUNJI3277. OLUWAGBEMIGUN ADENIKE ELIZABETH3278. OLUWALETI OLUWAFEMI ADETONA3279. OLUWANLE ADEDOTUN OLUOLA3280. OLUWARANTI ADEDUNMOLA

OLUWASEUN3281. OLUWATOLA FOLAKE ABIOLA3282. OLUWATOSIN OLUWADAMILOLA3283. OLUWO FUNMILAYO BOLADE3284. OLUWOLE ABIODUN FRANCIS3285. OLUWOLE MOSEBOLATAN ABENIADE3286. OLUWOLE SUNDAY ADEGBOLA3287. OLUWUNMI IFEOLUWA ELIZABETH3288. OLUYEMI AKINWALE JOHNSON3289. OLUYOLE OPEYEMI MUINAT3290. OLUYORI OLUWAGBEMI DAVID3291. OLUYORI SEGUN3292. OMADHEBO HENRY3293. OMAKA EMMANUEL N.3294. OMAMOGHO DANIEL OVUAKPOROYE3295. OMEDE GLADYS3296. OMEJE EUGENE CHUKWUEMEKA3297. OMEJE SUNDAY IBEBUIKE

S/N NAMES

3298. OMENI STELLA EKENE3299. OMETORUWA IMUETINYAN IGHIWIYISI3300. OMIDIJI JOSEPH OLATAYO3301. OMIKOREDE ADEBAYO KOLADE3302. OMIN BUGEWA UWOMAWNO3303. OMIN GABRIEL3304. OMIREFA OLATUNDE OLABISI3305. OMIRINLEWO JONATHAN OLUWASEUN3306. OMISANJO GRACE BUSOLA3307. OMITOGUN TEMIDAYO ABOSEDE3308. OMITOLA OLUFEMI GBENGA3309. OMIWOLE OLUSEGUN3310. OMOBUDE UWA3311. OMOIGUI MICHAELJESUROBO3312. OMOJADEGBE FRANCIS WOLE3313. OMOJOWO ODUNAYO3314. OMOJUGHARE FAITH ELOHO3315. OMOKHUA AUSTIN3316. OMOKIDE KAMILU3317. OMOKUNGBE TEMITOPE ADEWUNMI3318. OMOLADE ARIYO OLORUNMEYE3319. OMOLADE ESTHER OLUBUNMI3320. OMOLADE OLUWASEGUN SAMUEL3321. OMO-LAMAI VIRTUE AMANESI3322. OMOLE OLUWOLE AYODOTUN3323. OMOLEYE OLUSEGUN OLUWATOBILOLA3324. OMOLOLU AJEDIRAN A3325. OMOMIA LAURA OMONEGHO3326. OMONIYI ISAAC TUNDE3327. OMONIYI SHERIFAT OLUWAFUNMILAYO3328. OMONUA PETER3329. OMONZOKPIA CHRISTIAN OSAI3330. OMOREGHA DANIEL3331. OMOREGIE EFOSA3332. OMOREGIE OSAMUDIAMEN3333. OMOROTIONMWAN MC JOSE3334. OMOSALEWA TEMIDAYO FAJOBI3335. OMOSANYA OLUFEMI SODIQ3336. OMOTAYO JOHN3337. OMOTAYO-BENSON OLUWAROTIMI O.3338. OMOTAYO-BENSON OYEKUNLE3339. OMOTESO MOFIYINFOLUWA OMOTAYO3340. OMOTESO OMOLOLU OMOLOLA3341. OMOTOLANI BAKARE3342. OMOTOSHO FATHIA ABIOLA3343. OMOTOSHO OYEWOLE (DR)3344. OMOYAKHI JOHN OMOKHAGBO3345. OMOYELE OLABAMBO3346. OMOYIBO GOODLIVE ANDREW3347. OMUNA-AMADI VIVEAN IHUOMA3348. ONABAJO OLUWASEUN EMMANUEL3349. ONABOWALE KAYODE OLUMUYIWA3350. ONABOWALE OLADIPO3351. ONAGORUWA OBAFEMI ONARIKE3352. ONAH BENARD3353. ONAH LAZARUS IBAGWA3354. ONAH STANLEY CHIDIMMA3355. ONAKOYA DORCAS ABIODUN3356. ONALO PAUL OJOMAH3357. ONANUGA FOLASHADE OLUFEMI3358. ONATADE ELIZABETH TOSIN3359. ONDOA FLORENTINE TIWALOLUWA3360. ONI BABATUNDE3361. ONI BUSOLA CHRISTIANA3362. ONI EMMANUEL ABIMBOLA3363. ONI FOLUKE EUNICE3364. ONI FUNMILAYO TEMITOPE3365. ONI MOSOBALAJE YUSUFF3366. ONI OLUGBENGA OLAKITAN3367. ONI OLUWASEUN ISAAC3368. ONI SAMSON FOLARIN3369. ONIBANIYI TEMITOPE JOSEPH



S/N NAMES

3370. ONIFADE JOSEPH AGBOOLA3371. ONIFADE TEMITOPE COMFORT3372. ONIOVO JOSIAH3373. ONISOYA PRIYE3374. ONIWINDE ADEMOLA OLUWOLE3375. ONIYERE CHARLES3376. ONOCHIE ESTHER IJEOMA3377. ONODUGO CALLISTUS ON WURAH3378. ONOKPASA ALLEN3379. ONOKPASA OBADORO ISAAC3380. ONOKPASA TINA3381. ONOKPITE GODSPOWER

OGHENEVBOGAGA3382. ONOMASE OZIEOGHEKET CHRIS3383. ONOWUGBEDA JOSEPH3384. ONU EUCHARIA IFEBUCHE3385. ONU PIUS EBUKA3386. ONUBAH FRANCIS KENNETH3387. ONUEGBU GODWIN3388. ONUGBA MOHAMMED BARTHOLOMEW3389. ONUGHA CHARLES OTUOSOROCHI3390. ONUIGWE IFEANYI IZUCHUKWU3391. ONUMA KALU KALU3392. ONUMAJURU EMMANUEL NEDUM PRINCE3393. ONUNKWO ADOLPHUS CHUKWUNONSO3394. ONUNWA OLUCHI GIFT3395. ONUOHA CHIBUEZE3396. ONUOHA DORATHY AMUCHE3397. ONUOHA FELIX ALOZIE3398. ONUOHA GODWIN KELECHI3399. ONUOHA NGOZI THERESA3400. ONUORAH JUNI PEACE3401. ONUORAH NKIRU NKECHI3402. ONUORAH PAUL3403. ONUORAH SUNDAY EKENE3404. ONWU EMEKA ALOYSIUS3405. ONWUAKPA CHIBUGOM CHIEMERIE3406. ONWUBIKO UCHENNA KINGSLEY3407. ONWUDIWE JANET AJUMA3408. ONWUGBENU EUCHARIA3409. ONWUGBENU EUCHARIA3410. ONWUGBENU KIZITO3411. ONWUGBENU LOUIS IZUCHUKWU3412. ONWUGBENU ONYEDIKA ANTHONY3413. ONWUGHALU THEDORA NWAMAKA3414. ONWUKA BENJAMIN NNAEMEKA3415. ONWUKA CHINEDU CHRISTOPHER3416. ONWUNANZO PETER UCHENNA3417. ONWURAFOR OBINNA ONOCHIE3418. ONWUSAKA JANE EVERBRIGHT3419. ONYE OKECHUKWU EMMANUEL3420. ONYEAGBA CHUKWUJI HENRY3421. ONYEANI-NWOSU CONSTANCE CHIKA3422. ONYEANI-NWOSU CONSTANCE CHIKA

CHEDO3423. ONYEBUCHI JUSTINA NNENNA3424. ONYEBUCHI JUSTINA NNENNA3425. ONYEBUCHI, KINGSLEY ONYEBUCHI3426. ONYECHE CHIOMA CHINEDU3427. ONYEGBULE UZOMA3428. ONYEJIAKA CAROL NNEOMA3429. ONYEJIAKA CHIBUZO3430. ONYEJIAKA DEBORA3431. ONYEJIAKA DESTINY3432. ONYEJIAKA EKEOMA3433. ONYEKA CHRISTIAN CHUKWUDUM3434. ONYEKE SUNDAY3435. ONYEKWELU ANGELA IFEANYICHUKWU3436. ONYEKWERE CHIYERE CALLISTA3437. ONYEKWERE CHUKWUNONYEREM3438. ONYEKWERE CHUKWUNONYEREM3439. ONYEKWERE UKONU FRANCIS

S/N NAMES

3440. ONYELEONU OBIAGELI3441. ONYEMA CHUKWUWE HENRY3442. ONYEMAH FELIX AZUKA3443. ONYEMAOBI ANAYO BENJAMIN3444. ONYEMAOBI CHINYERE PATIENCE3445. ONYEMEFOLU UCHECHUKWU BONA3446. ONYEMERELA FELIX CHINEDU3447. ONYEOMA ENMMANUEL JUNIOR3448. ONYEOMA JUDA KELECHI3449. ONYEOMA ONYINYE GRACE3450. ONYEOMA PRINCE EMMA CHIEMEZIE3451. ONYEOZIRI FAVOUR UGOCHUKWU3452. ONYEOZIRI WINNER NMERI3453. ONYERIKA EMEKA KENNEDY3454. ONYEWUENYI HOPE IFEOMA3455. ONYIA CHUKWUBUIKEM3456. ONYIA REMIGUS CHINEDU JANNET CHI3457. ONYIAGWA IKECHUKWUKA F.3458. ONYISHI AUGUSTINE3459. ONYUTE ADAM FELIX3460. OPADIRAN COMFORT ADEFEMI3461. OPADIRAN DANIEL ADEFEMI3462. OPADIRAN ISAAC OLUFISAYO3463. OPADIRAN MARY OLAMIDE3464. OPADIRAN OLADAPO OLAOLUWA3465. OPADIRAN OLUWATOSIN ESTHER3466. OPADIRAN TUNJI3467. OPALUWA YAKUBU3468. OPARA CHIMA JOSIAH3469. OPARA GERTRUDE EBERECHUKWU3470. OPARA KENNETH & OLUCHI (MR & MRS)3471. OPARANOZIE CLARA IJEOMA3472. OPEGBEMI SAAC OLUWASANMI3473. OPEKE SEGUN KAYODE3474. OPEYEMI ADEYINKA3475. OPURUM DANIEL CHIBUEZE3476. OPURUM GODFREY N.3477. OPUSUNJU AMONIA HARRIS3478. ORAETUE CHIJIOKE DENNIS3479. ORAJIAKA MAUREEN NONYE3480. ORANEKWULU BLESSING U.3481. ORANEKWULU BLESSING U.3482. ORANMIYAN 007 CONCEPT3483. ORDU-OBUAH NONYE EMMANUEL(PST)3484. ORELUSI ISOLA3485. ORETOYE MICHAEL ADEGBOYEGA3486. ORIADETU ADEKUNLE ISMAIL3487. ORIAHI BERNARD IBERU3488. ORIDUN CAPITAL MANAGEMENT3489. ORIRI GIFT EBIYE3490. ORISAKWE PRINCEWILL CHINONSO3491. ORISAKWE UGOCHUKWU LEONARD3492. ORIZU GRACE CHINYERE3493. ORJI CHINO MALCON3494. ORJI FAVOUR IFEOMA3495. ORJI KEVIN IFEANYI3496. ORJI OLUOMACHI3497. ORJI UCHECHUKWU GOD'SWILL3498. ORJINTA NGOZI QUEENY3499. OROGE GLORIA URUEMU3500. OROGUN LUCKY KELVIN3501. OROK KUFREITORO ANDEM3502. ORTESE BENJAMIN O.3503. ORUKELE AVUAKPORETA JACOB3504. ORUPABO OLUBUNMI PATRICIA3505. ORURUO ELOKA MILLICENT3506. OSAGIE KIZITO3507. OSAJI OKEZIE FRANCIS3508. OSAKUE JOHN EVBAKHAVBOKEN3509. OSAKWUNI AUGUSTINA ONYEISHI3510. OSAMEYAN OLUFEMI MOYINOLUWA3511. OSANYIN OLATUNDUN

S/N NAMES

3512. OSARO EDEE JOHN3513. OSAWE MAGDALENE EHIMWENMA3514. OSAWOTA LUCKY3515. OSEMEAHON RANDOLPH3516. OSEMENAM CHUKWUDI KINYANJUI

NWABUEZE3517. OSENI FAUSAT ABIOLA3518. OSENI HAKEEM OLANSILE3519. OSERUVWOJA TOHWO3520. OSHIKOYA OLUDIYA3521. OSHILAJA OLAYEMI VICTORIA3522. OSHIN ABIOLA OWOLABI3523. OSHIN OLUSEYI OMOTOLA3524. OSHIOKHAMELE EMMANUEL OSHOBUGIE3525. OSHO DOLAPO OPEYEMI3526. OSHO IDAYAT ARIKE3527. OSHO OLADEHINDE T.3528. OSHO OLUWAFEMI OLUWASEUN3529. OSHO TAIRAT OMOWALE3530. OSIFESO OLUSEGUN GABRIEL3531. OSINEYE YOMI ANUOLUWA3532. OSINFOLARIN OLUWEMIMO ADEBOWALE3533. OSINNUSI ADELAJA HAKEEM3534. OSINOWO MUNIRU KOFOWOROLA3535. OSINOWO OYEDAYO OLUYEMISI3536. OSIYEMI AGBOLADE BABATUNDE3537. OSIYEMI FOLAKEMI FOLASADE3538. OSIYEMI OLAKUNLE3539. OSIYEMI OLUWASEGUN ORIYOMI3540. OSO CLEMENT OLADIPUPO3541. OSO OLUWASOLABOMI MODUPE3542. OSOFISAN SEGUN3543. OSSAI ERNEST OKECHUKWU3544. OSUAGWU INNOCENT3545. OSUAGWU JOHNPIUS CHIMA3546. OSUAGWU NICHOLAS CHIKODINAKA3547. OSUAN HENRIETTA OTASOWIE3548. OSUMA ESTHER VICTORIA3549. OSUNBOR JOSEPH OSARETIN3550. OSUNDE KEHINDE ADEOLA3551. OSUNFISAN OSUNFUYI VINCENT3552. OSUNGBESAN OLUFUNMILOLA3553. OSUNSINA ADUNFE ISMAIL3554. OSUNTUBO TEMITAYO OPEYEMI3555. OSUOHA JOHN IFEANYICHUKWU3556. OTABOR GODWIN NATA3557. OTABOR IVIE ROSE GODWIN3558. OTAIGHO BENJAMIN OGHENETEGOR3559. OTAKORE CHARLES OGHENERUONA3560. OTALOR JACKSON EMEKA3561. OTALOR JOHN IKPONWOSA3562. OTAMKPO PAUL CHIBUZOR3563. OTELE ABIOLA CHARLES3564. OTELE IKECHUKWU3565. OTELE IKECHUKWU3566. OTI STEPHEN OBIOHA CHUKWUEMEKA3567. OTIOCHA AMARAHI3568. OTIOCHA KELECHI3569. OTIOCHA MMESOOMA3570. OTIOCHA ONYINYECHI3571. OTIONO ELLA3572. OTIONO OBIAGELI THECMA3573. OTITI HAKEEM OLANREWAJU GBOLAHAN3574. OTOBO ODEZI FIDELIS3575. OTON CHRISTOPHER MOFFAT3576. OTU JULIET AFIONG3577. OTU PROMISE3578. OTU SOLOMON GODDIVINE3579. OTU VICTORY ABASIAKA3580. OTUFOWORA NOJEEM ADEBAYO3581. OTUN OLABUNMI TEMITOPE3582. OTUNLA DAPO

S/N NAMES

3583. OTUONYE VICTORIA3584. OTUONYE VICTORIA OMON3585. OTUYEMI VICTOR ADEBAYO3586. OUT FINNER MOSES3587. OVIAWE OMOROGBE FRIDAY3588. OVWIGHOWHARA OKIEMUTE VERA3589. OWA OLATUNDE SAMUEL3590. OWA OLATUNDE SAMUEL3591. OWADUGE MARIAN ADENIKE3592. OWEH SUNDAY3593. OWEZIEM BRIGHT UCHENNA3594. OWOADE ADEDIWURA BABATUNDE3595. OWOEYE ISAIAH DADA3596. OWOH EKPUK BROWN3597. OWOLABI ABDULFATAI ENITAN3598. OWOLABI ABIOLA OLUBANKE3599. OWOLABI ENOCH AYOBAMI3600. OWOLABI FOLASHADE ABOSEDE3601. OWOLABI GBENGA3602. OWOLABI GBENGA OLADAPO3603. OWOLABI KEHINDE KABIR3604. OWOLABI OLUFUNMILAYO OYENIKE3605. OWOLABI OLUKUNLE ROTIMI3606. OWOLABI OLUMUYIWA OLUWOLE3607. OWOLABI SEGUN KAYODE3608. OWOLABI TAIWO ADEMOLA3609. OWOLABI TEMITAYO OLUSEUN3610. OWOLABI TUNDE AKINWUNMI3611. OWOLABI WALIYU OLUWASEGUN3612. OWOSEKUN ADEWUNMI ADEOLU3613. OWUH JERRY OMOAREGBA3614. OWULU FIDELIA AMAKA3615. OYADIRAN SAMUEL MAYOWA3616. OYEBADEJO OLUWAFUNMILAYO

ANUOLUWAPO3617. OYEBANDE OLUBIYI DICKSON3618. OYEBODE ADEMOLA VICTOR3619. OYEBODE OLADAYO SUNDAY3620. OYEDELE ABDULAZEEZ ADEMOLA TAIWO3621. OYEDELE ADEOLA TAIWO3622. OYEDELE NURAT ADENIKE EJIDE3623. OYEDIRAN DAVID YINKA3624. OYEDIRAN HAKEEM MAKANJUOLA3625. OYEDOKUN OLUFEMI ABIODUN3626. OYEDOTUN JELIL SHINA3627. OYEFESO BABATUNDE OLAYINKA3628. OYEGUNLE FUNKE AINA3629. OYEJOLA OLUFUNSO EUNICE3630. OYEKANMI TEMITAYO ABOSEDE3631. OYELADE ABDULFATAI OLUWASHINA3632. OYELAKIN ADEKOLA OYEDELE3633. OYELAKIN OLADOSU OLALEKAN3634. OYELEKE IBITAYO IGBEKELE3635. OYELEKE TAIWO MODUPE3636. OYELEYE AYODEJI JAMES3637. OYELOWO MATHEW OLANIYI3638. OYENEKAN OLAJUMOKE DORCAS3639. OYENIYI TAIWO HASSAN3640. OYERINDE OLUWAKEMI TITILOLA3641. OYETADE OLUSAKIN ADELEKE3642. OYETAYO FUNMILOLA GRACE3643. OYETI BABAJIDE ABAYOMI3644. OYETORO LAJA3645. OYETUNDE ANTHONY OYEDEJI3646. OYETUNDE OLUTONI3647. OYEWALE ABDULRASHEED OYELOLA3648. OYEWOLE OLUDELE A3649. OYEWOLE RICHARD ALABI3650. OYEWUNMI OBAFEMI RUFUS3651. OYEYEMI ADEMOLA3652. OYEYINKA ISAIAH KOLAWOLE3653. OYEYIPO FEMI ABAYOMI



S/N NAMES

3654. OYIBOKA EDITH NDIDI3655. OYINLOYE ADEKUNLE ABDULRAZAQ3656. OYINWOLA MOSUNMOLA OLATUNDE3657. OZEH CHRISTIAN SUNDAY3658. OZIGBO VALENTINE CHINETO3659. OZIOKO MARK OKAFOR3660. OZIOKO VINCENT3661. OZOKA UCHECHUKWU THERESA3662. OZOLUA STELLA MERAB3663. OZORJI JEOVITA OKECHUKWU3664. OZOUWAKWE SAMUEL MADUKA3665. OZUKWE AUSTIN EZE3666. PAIMO OLUKUNLE JOEL3667. PAKI NUHU SADAUKI3668. PANCHIRI FRANCIS MEDU3669. PANTELERIA LIMITED3670. PARAMOLE HAMED OLALEKAN3671. PARTNERSHIP INV CO/ECOBANK NIG

PLC-TRDNG3672. PARTRICK ROSE ZIRRA3673. PASCAL KINGSLEY & CO.3674. PASTOR LAWAL BOLADE3675. PATRICK LUCKY AYEBANUA3676. PATRICK NWACHI EHIOMA LAURETTA3677. PAUL OKEZIE SOLOMON3678. PDC GLOBAL SERVICES3679. PEACEFORT INVESTMENT LTD3680. PENDER - OBODO KIKI OKIREMETU3681. PETER DAAPE STELLA3682. PHIDO LILIAN IDEM3683. PLURAL LTD3684. POPOOLA AMOS KEHINDE3685. POPOOLA NOJEEM OLALEKAN3686. POPOOLA OLUBUSOLA EMILY3687. POPOOLA OLUWATOYIN ASAKE3688. POPOOLA SHERIFAT TAIWO3689. POROKU ADEDAYO DANIEL3690. POSSIBILITY GLOBAL RESOURCES LTD3691. PRATT OLATUNDE YEKINI3692. PRIMOTEKS SYSTEMS LIMITED3693. PROPERTY AND PECUNIARY INS

BROKERS3694. PYRAMID SECURITIES LIMITED3695. Q-TRIANGLE LTD.3696. QUADRI IMAAN IYADUNNI3697. QUOTRON INVESTMENT LTD3698. RABIU ABDULHAMEED JIBIA3699. RABIU ABDULHAMEED JIBIA3700. RABIU GBOLAGADE TIRIMISIYU3701. RABIU SULE ADEYEMO3702. RAHAMACORP VENTURES3703. RAHEEM SAHEED ADIGUN3704. RAIMI AJOKE MONSURAT3705. RAJI JULIUS OLUWASANMI3706. RAJI MOH'D MUHIBULLAH3707. RAJI MOMOHJIMOH ANAKOBE3708. RASAQ OLALEKAN MUMUNI3709. RASAQ OLASUNKANMI MUKTAR3710. RASAQ TAJUDEEN3711. RAYMOND MONDAY ENDURANCE3712. REAL STOCK PROPERTIES3713. REAPERS INVESTMENTS LTD3714. REAPWELL NIG. LTD3715. RECORN TECHNICAL LTD3716. RENIQUES DEZIGN3717. REWARD NORMINEE FAOL3718. RICHARDS AYODEJI JOSHUA3719. RILLY VENTURES LTD3720. ROBERT ADEDOKUN3721. ROBERT BELEMA FREDERICK3722. ROCKGASBY PLUS3723. ROMILUYI ABISOLA OMOTUNDE

S/N NAMES

3724. ROMILUYI OLUFEMI & ABISOLA3725. ROMILUYI OLUFEMI E. &ABISOLA O.3726. ROMILUYI OLUWASEUN VICTOR3727. ROMILUYI OYINKANSOLA SUSAN3728. ROTIS NIGERIA LTD3729. ROYAL POWER & ENERGY LTD3730. ROYAL TREASURES GLOBAL VENTURES3731. ROYAS EXCLUSIVE FURNISHINGS3732. RUFAI AHMED MOHAMMED3733. RUFAI AWWAL MOHAMMED3734. RUFAI BABA MOHAMMED3735. RUFAI BILIKISU MOHAMMED3736. RUFAI SAKINA MOHAMMED3737. RUFUS OLUSEGUN TEMIDAYO3738. RUTH IKEDIFE3739. RUTH WASA3740. SA'AD ABDUL ZAKIRAI3741. SAAIIO VENTURES3742. SABA ABIOLA MARIAM3743. SABITU ADEYEMI ISHAQ3744. SAB-KON SERVICES3745. SADE MUHAMMA MAGAJI3746. SADIQ MAHRAZU ABUBAKAR3747. SADIQ MOHAMMED FARI3748. SADIQ OYIZA KHADIJAT3749. SADIQ SADIQ FARI3750. SADIQ SAIFULLAH FARI3751. SADIQ SALIM FARI3752. SAFI MOHAMMED3753. SAIDU KABIRU MR3754. SAKA ABDULGANIU ATANDA3755. SALAKO IBRAHIM ABAYOMI3756. SALAM ABASS3757. SALAMI BASIRAT ABIMBOLA3758. SALAMI ESTHER BUKKY OLABISI3759. SALAMI IDOWU LUKMAN3760. SALAMI LATEEF ATANDA3761. SALAMI OLUROTIMI GIDEON3762. SALAU BABATUNDE TAJUDEEN3763. SALAU OLUFUNMILAYO IBIDUN3764. SALAUDEEN AFISI ABIOLA3765. SALAUDEEN OLADIMEJI ISMAIL3766. SALAWU KABIR OLANIYI3767. SALAWU PAUL3768. SALAWU TAOHEEDAT MORADEYO3769. SALIHU AHMED ABDULLAHI3770. SALIHU MOHAMMED3771. SALISU IDRIS MAKAMAN DANMADAMI3772. SALISU KHADUJAT IDRIS3773. SALISU ZAINULABIDEEN3774. SALIU AKEEM OMOGBOLAHON3775. SALIU KODRI OLANREWAJU3776. SALIU OLAWALE OLANREWAJU3777. SALIU OLUSEGUN SAHEED A.3778. SALMAN ISSA OLASENI3779. SAM CHRISTIANA JOHNSON3780. SAMBO ABBAS SANI3781. SAMIRA ATIKU KIGO3782. SAMSON ELISHA3783. SANI IBRAHIM3784. SANI MAHMOUD UMAR3785. SANI MUHAMMAD AMINU3786. SANI NASIRU ALIERO3787. SANI YENUSA OCHENI3788. SANNI ABDULFATAI ADEKUNLE3789. SANNI AKINDELE BABATUNDE3790. SANNI ALASHE RASIDI AINA3791. SANNI DELE3792. SANNI LATEEF OLADIMEJI3793. SANNI MAMUNAT BOLA3794. SANNI OLUMIDE ALAMU3795. SANNI SIKIRU ADEBAYO

S/N NAMES

3796. SANNI TOYIN FOLASHADE3797. SANNI WASILAH FUNMILAYO3798. SANTRUST CAPITAL LIMITED3799. SANTRUST SECURITIES LTD-DEP A/C3800. SANYA-ALABI OLUSANYA JULIUS3801. SANYAOLU OLADIPO T. OREOLUWA3802. SAWYERR AKIN3803. SCHEFFER LIMITED3804. SCHUBBS NIGERIA LIMITED3805. SEEDTIME EQUITY FUND3806. SEGUNMARU OLUWAFEMI ISMAIL3807. SEIDU SIDIKAT OPEYEMI3808. SEYE FEMI-GUREJE3809. SEYI-IDOWU JUYCEMARY3810. SFS RESEARCH3811. SHADA TOLULOPE3812. SHAIBU OHIARE MICHAEL3813. SHALLYBROS TELECOMS LIMITED3814. SHEHU ABBAS OTHMAN3815. SHEHU HALIMA MOHAMMED3816. SHEHU MALLAM MIKAIL3817. SHEILE ESTHER ABOSEDE3818. SHERIFFDEEN MORWAN ADEWALE A.3819. SHETTIMA TAIBU MOHAMMED3820. SHITTA OLUFOLAKE ANIFATU3821. SHOBOWALE SALIMOT OMOWUNMI3822. SHODEINDE AYODEJI UZENAT3823. SHODIPO IDOWU NIYI3824. SHODUNKE ANTHONY OLUMIDE3825. SHODUNKE KADIR OLAROTIMI3826. SHODUNKE OLUSOLA3827. SHOFOLAHAN ELIZABETH BUKOLA3828. SHOLARU OLUTAYO3829. SHOLLYVEN COMMUNICATIONS3830. SHOMALA OLUWADEMILADEAYO

AYOMIDE3831. SHOMORIN OLUYEMI ADISA3832. SHOMOYE OLUBUKOLA MOJISOLA3833. SHONEKAN OLAMIDE3834. SHONIBARE ADEMOLA ABRAHAM3835. SHONUGA DAVID OYEDELE3836. SHOPADE OLUFEMI OLUTAYO3837. SHOTUNDE OMOLARA3838. SHOTUYO ADEBOWALE S.3839. SHUAIBU AMINU3840. SHUAIBU MUHD SIRAJO3841. SHUGABA RESOURCES NIG. LTD.3842. SIBANI CLIFFORD MEESUA3843. SIDI ISHATU IDRIS3844. SIGNET INVESTMENT-DEPOSIT A/C3845. SIKOKI IKANKUMO MOSES3846. SIL CHEMICALS LIMITED3847. SINA-OLULANA OLUWOLE TEMITOPE3848. SINGERR EUNICE BOLAJI3849. SIR EKEUGO CHILEOBI CHUKWUMA3850. SMARTCITY RESORTS PLC3851. SNOMI MARKIE3852. SOBO OLUWADARE OLABAMIJI3853. SODEINDE OLUGBENGA AJIBOLA3854. SODEKE ADEMOLA KOLAWOLE3855. SODIMU OLAWALE IBUKUNOLU3856. SODIMU OYENIYI OLUWASEUN3857. SODIQ NOJIMUDEEN IBITAYO3858. SOETAN MAYOWA MICHAEL3859. SOEWU OLUBUNMI ALICE3860. SOFELA TAIWO OLATUNDE3861. SOFOLUKE SIGISMUND OLATUNJI3862. SOFOLUWE JOSEPH AKINSOLA OLUJIMI3863. SOFOLUWE LOLA MARY3864. SOKENU TOLU3865. SOKO LAWRENCE AKPOBORIE3866. SOKUNLE RAUFU OLAWALE

S/N NAMES

3867. SOLA BICKERSTETH3868. SOLABI OLAJUMOKE OMOBOLANLE3869. SOLAGBADE ADEPEJU3870. SOLANKE FADEKEMI OLUTOYIN3871. SOLEYE ADEYEMO OLADAPO3872. SOLID FOUNDATION CHILDREN SCHOOL3873. SOLID KAY ENTERPRISES3874. SOMORIN OYIN PROF.3875. SONDE BOSEDE ADENIKE3876. SONNIE AYERE3877. SONTAN MODUPE MOJISOLA3878. SONUGA TOLULOPE BUSAYO3879. SOOLA OLUYINKA OLUBUNMI3880. SOSAN ABIODUN NIGEL3881. SOSAN SOLOMON MEDABI3882. SOUNOUKINI RACHEAL PRUDENCE3883. SOYEMI IBUKUNOLUWA SARAH3884. SOYODE OLUWATOMI3885. SOYOMBO VICTOR OPE-ODU3886. SPRING LIFE ASSURANCE COMPANY PLC3887. SPRINGFOUNTAIN MANAGEMENT

CONSULTANTS LTD3888. SSCM- OFEH MAMUZOH LUCKY3889. SSL NOMINEE - OJO CALEB3890. SSUA INVEST. CO. LTD.3891. ST.JOSEPH'S ANG. CHURCH WILMER3892. STELLAMARIS NWAEHIKE3893. STEVE AKINTOLA3894. SUKINET INTERFACE TECHNOLOGY3895. SULE ABDUL HAKEEM OLUDAYO3896. SULE AHMED ADESEGUN3897. SULE EMMANUEL JNR3898. SULE MANI BIRCHI3899. SULEIMAN GARBA MAIFATA3900. SULEIMAN ISMAILA TSAURE3901. SULEIMAN MARYAM3902. SULEIMAN MARYAM3903. SULYMAN WOSILAT (MRS)3904. SUNMONU RASAK MAYOWA3905. TAACO INVESTMENTS LIMITED3906. TABUGBO MICHAEL OBIORA3907. TAFIDA ISA3908. TAIRU MOTUNRAYO RAMOTA3909. TAIWO ADEKUNLE FATAI3910. TAIWO DAVID OLADIPO3911. TAIWO JOSEPH ADEKUNLE3912. TAIWO KASALI3913. TAIWO MOTUNRAYO OLUWATAYO3914. TAIWO OLAYINKA OSHUNNIYI3915. TAIWO OLUYEMI3916. TAIWO OYINDAMOLA3917. TAIWO SUNDAY SAMSON3918. TAIWO TITI3919. TALI FARRANT FAUEN NIMFA3920. TARZAAN GIDEON TERFA3921. TATUA THOMPSON DISEYE3922. TAWOJU AZEEZ IDOWU3923. TAYLOR TAIWO JENNIFER3924. TAYO CAROLINE EBUN3925. TELLA OLUWADAMILOLA3926. TELLA OLUWATOYIN AINA3927. TEMITOPE BAMIDELE3928. TEMTSEN HELEN KANGYANG3929. TEWOGBOYE ABAYOMI ERIC3930. THE ROCK TRUST LTD3931. THE ROCK TRUSTS LTD3932. THEOPHILUS MMERENWANNE STEPHEN3933. THEOPHILUS OLUMUYIWA ADESINA3934. THIKAN PETER TAMARAEMI3935. THOMAS DANIEL3936. THOMAS JOHN3937. THOMAS NANSOH



S/N NAMES

3938. THOMAS SANDRA3939. THOMPSON OKECHUKWU3940. THOMSA GODIYA3941. THORPE BAWO3942. THORPE BAWO OMOTARA3943. TIAMIYU AMOFE LAWAL3944. TIAMIYU KAZEEM ADEKUNLE3945. TIJANI HAROON ABIODUN3946. TIJANI OLADIPUPO MUHRTALA3947. TIJANI SAIDAT ABIMBOLA3948. TIJJANI GARBA JIDDA3949. TIJJANI HAFSAT3950. TIJJANI KAZEEM ADESOLA3951. TIMEPLUS GLOBAL RESOURCES3952. TINUKE TADESE3953. TINUOLU GABRIEL OMOTUNRAYO ABIOLA3954. TINUOLU GABRIEL MOTUNRAYO ABIOLA3955. TITANIUM INVESTMENT LIMITED3956. TITILOYE OLUWAYEMI FELIX3957. TITUS DORIS3958. TOGUN MICHAEL OLUSHOLA3959. TOHIR FOLORUNSHO ISMAILA3960. TOLUHI OLATUBOSUN BONIFACE3961. TOPAMIDE ABIGAIL OMOWUNMI3962. TOPE A. OLADIPO3963. TORO IGHO SAMSON3964. TORRY ANIKE OMOLABAKE3965. TOYFEM NIG. LIMITED3966. TOYFEM NIGERIA LTD3967. TRADERITE LIMITED3968. TRESHBOND CONSULTANCY3969. TRINITY SONGS OF JOY LIMITED3970. TRIPAX INVESTMENT NIGERIA LTD3971. TRIPPLESEA LIMITED3972. TRUSTHOUSE INVEST. LTD VENTURE A/C3973. TSEGBONE ORITSUWA GODFREY3974. TUKUR MOHAMMED3975. TUNA ASSET MANAGEMENT SERVICES3976. TURNER MARIAM IDOWU3977. TUWATIMI AUSTINE OLUWAGBENGA3978. U2 SERVICES VENTURES3979. UBA GLOBAL MARKETS3980. UBA ONYEKA C.3981. UBAECHU JUSTIN CHUKWUMA3982. UBAH BASIL IFENNA3983. UBAKA OKOLIE NELSON3984. UBAYDULLAH O T ABDUSSAMI'l3985. UCHE CHIGOZIE COSMOS3986. UCHE EJIKE3987. UCHE JULIA CHINENYE3988. UCHEAGWU IGNATIUS NNAMENE3989. UCHEKWE STANLEY OBUNIKE3990. UCHENDU AUGUSTINE TOCHUKWU3991. UCHENDU UJU FRANCISCA3992. UCHE-OKOLI AKUCHUKWU FRANKA3993. UCHE-OKORO CHINYERE J F3994. UDAH JACOB EMMANUEL3995. UDEBUANI CLETUS OKWUCHUKWU3996. UDEMBA VICTOR CHIDI3997. UDEMEZUE DAVID C/O CHIKA UDEMEZUE3998. UDEOGU NDUDIM MARTIN3999. UDEZE MARTIN ONYEDIKA4000. UDEZE MARYJANE CHIEMERIE4001. UDEZE PASCHALINE AMALA4002. UDEZE UCHENNA MARYLAND4003. UDEZE VICTORIA CHINENYE4004. UDEZEH FRANCISCA CHINONYE4005. UDI EMMANUEL4006. UDOBOR BENJAMIN DOUGLAS4007. UDOCHUKWU HAFFORD4008. UDOFIA INYANG EDEM4009. UDOH ALMOND OKON

S/N NAMES

4010. UDOH ANDY IME4011. UDOH EMMANUEL4012. UDOH IDONGESIT EBONG4013. UDOH SUNDAY NNAEMEKA LIVINUS4014. UDOJI UGOCHUKWU KINGSLEY4015. UDOM CHRISTIAN4016. UDOME BEATRICE CALLY4017. UDUMEBRAYE DAMIAN OGHENETEJIRI4018. UDUMEBRAYE EDNA UFUOMA4019. UDUMEBRAYE GERALD OGHENEKARO4020. UDUMEBRAYE JESSICA ESE4021. UDUMEBRAYE JOHN-KAROL AROH4022. UDUMEBRAYE MICHAEL

OGHENERUKEVWE4023. UFOMBA OKWUDIRI STAMLEY4024. UGBAH CHIEJINE SAMSON4025. UGHA BLESSING GLORIA UDOGADI4026. UGHAONU CHIDINMA JESSY4027. UGHEOKE EMMANUEL EMAMHOT4028. UGO HELEN UZOAMAKA4029. UGOCHUKWU DICKSON NDUBUISI4030. UGOCHUKWU GEORGELINE ONYEKACHI4031. UGOCHUKWU SAMUEL AGBO4032. UGOCHUKWU STEPHEN EZUGO4033. UGOH CHINENYE JUSTINA4034. UGOH ODIGWE BENNY4035. UGURU UCHE EVANS4036. UGWU AHAMEFUNA PAUL4037. UGWU LIVINUS EJIKE4038. UGWU MAUREEN UCHENNA4039. UGWU OGOCHUKWU ADA4040. UGWUNTA BONIFACE ANIAGOR4041. UJANG WOMI RAYMOND4042. UJU SHARON NDIDI4043. UKA IFEANYI CHUKWU4044. UKA VICTOR CHIEDOZIE4045. UKAGHA NGOZI4046. UKANAH SUNNY AKPAN4047. UKATTA HENRY KEKECHUKWU4048. UKATU FLORENCE CHINYERE4049. UKEH ROSELYN CHINONSO4050. UKOH C. UCHECHUKWU4051. UKPAA KENNETH UDOBATA4052. UKPAKA NGOZI ANGELA4053. UKPAKA NJAMINA INTERNATIONAL LTD4054. UKPE LAWRENCE INOH4055. UKPEBOR OSAZELE ELIJAH4056. UKPONG FELIX EFFIONG4057. UKPONG OKON ETEKA4058. UKPONG UKPONG S.4059. UKWUEGBU ANTHONY CHIJIOKE4060. UKWUOMA CHIOMA C4061. ULAIKERE MARVIN-SHAWN OISEIKHOJE4062. UMAR ABDUSSALAM4063. UMAR BASHIR UMAR4064. UMAR DANJUMA DANGABAS4065. UMAR IBRAHIM MANYAHAYA4066. UMAR MUSA KURIGA4067. UMAR NASIRU LERE4068. UMAR NURUDEEN ABAYOMI4069. UMAR SALISU4070. UMAR SAMMANI IBRAHIM4071. UMARU AISHAT EJURA4072. UMARU MOHAMMED MATTHEW4073. UMARU YUSUF MOHAMMED4074. UME-EZEOKE CHUKWUNONSO ANGELINA4075. UME-EZEOKE CHUKWUNONSO

ANGELINA C4076. UMEH CALLISTUS EMEKA GEORGE4077. UMEH IFEANYI MARTIN4078. UMEJEI EMEKA LUCKY4079. UMEJIAKU ANGELA CHINENYE

S/N NAMES

4080. UMEJIAKU GOODNESS MMESOMA4081. UMEJIEGO CHRISTIAN SUNDAY4082. UMELO KELECHI CHINAKA4083. UMEOZULU MERCY CHIOMA4084. UMEOZULU NOBERT IFEANYI4085. UMEUGOJI EHTELBERTH CHIBUIKE4086. UMOH IME ITA4087. UMUDU RITA NNEKA4088. UMUEZE NELSON4089. UMUKORO EDAFE OGHENEKENO4090. UMUKORO EFETURI PRINCE4091. UMUKORO JOSHUA PAUL4092. UMUKORO ONOME UFUOMA4093. UMUKORO RACHEAL4094. UNA UDEME ARCHIBONG4095. UNANKA IRUOMA PEACE4096. UNDELIKWO FRANCES NKECHI4097. UNGUWAR RIMI ABDULLAHI UMAR4098. UNITY SISTERS CITY MISSION4099. UNIVERSAL BUREAU SEERVICES LIMITED4100. UNOKA OLUWATOYIN OBIAGELI4101. UNUAJOHWOFIA MATTHEW

OGHENEGUEKE4102. UNUIGBOJE EDORE4103. UNUIGBOJE OJE4104. UNUIGBOJE OJEIRU4105. UNUIGBOJE OMOIKHUDU4106. UNUIGBOKHAI EMOHIOMEU4107. UNU-ORUKPE SALIMAT4108. UPUUH GBAKAAN GODWIN4109. URUEJOMA OLUWAFUNKE DEBORAH4110. USIFO GODWIN EHIMARE4111. USMAN ABUBAKAR ILIYASU4112. USMAN AHMED4113. USMAN MOROOF-ATANDA4114. USMAN REUBEN MONDAY4115. USMAN SANI SHEHU4116. UTOWHO JOHN B4117. UTOWHO SAMUEL B4118. UVERE CHIJIOKE EMMANUEL4119. UWALAKA CHIAMAKA DEBORAH N4120. UWALAKA DANIEL IFEANYI N4121. UWONWA RAPHEAL U.4122. UYANWUNE NGOZI ROSELINE4123. UZO NWANKWO4124. UZOETUE SAMUEL IKECHUKWU4125. UZOH GERALD TOCHUKWU4126. UZOH JUDE AZUBUEZE4127. UZOIGWE MICHAEL4128. UZOMA JONATHAN CHINEDU4129. UZOZIE ROSELINE CHIOMA4130. VICTOR-AGOZUE PAMELA ONYEMAECHI4131. VICTORIA OGUNDIRAN4132. VIGEO CAPITAL LTD4133. WAHAB ADETUNJI4134. WAHAB DOSUNMU4135. WALE KUKU4136. WAZIRI AHMADU MAN4137. WAZIRI BABAGANA MOHAMMED4138. WAZIRI MOHAMMED BABA4139. WAZIRI SILAS IDDAH4140. WAZIRI YANDAMAN ALIYU4141. WEWE OYINKASOLA S.4142. WHETO JOEL AHONOWHE4143. WHITE JACOB P.4144. WILLAIMS IBUKUN4145. WILLIAMS BASIT BABAJIDE4146. WILLIAMS FATHIA ABIOLA4147. WILLIAMS JACOB OLUFEMI4148. WILLIAMS JOSHUA UBONGABASI4149. WILLIAMS OLAYINKA IBIYEMI4150. WILLIAMS SUNDAY O

S/N NAMES

4151. WILLIAMS USMAN DAMILOLA4152. WILLIAMS-MORDI TAMUNO LIAN4153. WILSON AMEZHI4154. WILSON CHUKWUEMEKA EGIMEN4155. WISEPATH TREASURES LTD4156. WURAOLA AKINDELE OLUFEMI4157. WUSU NUNAYON SUNDAY4158. XSQUARE CAPITAL LIMITED4159. YAKASAI MURTALA AMINU4160. YAKUBU ALFA BALARABE4161. YAKUBU AMINA4162. YAKUBU AMINAH ALHAJI4163. YAKUBU HALIMAT S.4164. YAKUBU JENNIFER4165. YARIMA FATIMA HAMZA4166. YAYA JOHNSON OLATUNBOSUN4167. YEKINNI TAIWO SUNDAY4168. YEPWI JOSEPH4169. YERO MANSUR UMAR4170. YGD AND SONS NIGERIA LIMITED4171. YOADE OLUBUNMI ABIMBOLA4172. YOLA ABDULLAHI BASHIR4173. YOLA ABDULMUMINI ADO4174. YOLA ABULMUMIN ADO4175. YOMI ONIWINDE4176. YOMI-JOHNSON OLUWATOMIKI SAMUEL

KEHINDE4177. YOMI-JOHNSON OLUWATOMISIN

SAMANTHA TAIWO4178. YONE GIDEON4179. YOU-ON-ON ATIMANU BETEBEKEH4180. YUSHAU MUAZU HAJIYA ZUWAIRA4181. YUSUF ABDUL-AKEEM BABATUNDE

(ALHAJI)4182. YUSUF ABDULMUMEEN4183. YUSUF ABDULRASAK ADEOLA4184. YUSUF AHMED4185. YUSUF AJADI AYODELE ZAINAB4186. YUSUF AMAJE MUHAMMED4187. YUSUF FARIDA DIKKO4188. YUSUF JIMOH OPE4189. YUSUF M AL-MUSTAPHA4190. YUSUF MOHAMMED OLUWASEUN4191. YUSUF MUJIBAT TITILAYO4192. YUSUF MUMINI ADEKUNLE4193. YUSUF NURUDEEN4194. YUSUF NURUDEEN4195. YUSUF OLANREWAJU SULEIMAN4196. YUSUF OLOLADE BILIKIS4197. YUSUF RAMOTA AMOKE4198. YUSUF RASHIDAT SULEIMAN4199. YUSUF SURAJUDEEN ADENRELE4200. YUSUF YAKUBU4201. YUSUFF AZEEZ4202. YUSUFF ISIAKA AKANJI4203. ZADOK PRINCE ABIATHAR4204. ZAKAAT (ALH. ALAMUTU IMRAN YUSUF)4205. ZAKARI SUMAYYAH4206. ZAKARIYAU HABEEB4207. ZANNAH KALLI4208. ZARAMI BUBA ABUBAKAR4209. ZARMA NANAFATIMA AJIYA4210. ZENABU YAKUBU4211. ZUBAIRU DANJUMA MR



e - D I V I D E N D M A N D A T E F O R M

The Registrar,First Registrars Nig LtdPlot 2 Abebe Village Road, IganmuP.M.B 12692 Marina Lagos Only Clearing Banks are acceptable

I/ We hereby request that from now on, all dividend warrant(s) due to me/our holding(s) in Chams Plc be paid directly to my/our Bank named below:

Shareholder’s Account Number Date (DD/MM/YYYY)

Surname/ Company’s Name

Other Names (for Individual Shareholder)

Present Postal Address

City State

Email Address

Mobile (GSM) Phone Number

Bank Name

Branch Address

Bank Account Number

Branch Sort Code

(Very Important)

SHAREHOLDER’S SIGNATURE OR THUMBPRINT SHAREHOLDER’S SIGNATURE OR THUMBPRINT

AUTHORISED SIGNATURE & STAMP OF BANKER

COMPANY SEAL/INCORPORATION NUMBER (CORPORATE SHAREHOLDER)

Chams PLC

P R O X Y F O R M

33rd Annual General Meeting to be held at Ace-Olivia Hall, City Mall, 2nd Floor, Onikan, Lagos, on 13th July, 2017 at 11 am.

I/We__________________________________________________________________________.being a member/members of

CHAMS Plc hereby appoint _________________________________________________________________________________

or failing him ______________________________________, or failing him ____________________________________, as my proxy

to attend and vote for me/us and on my behalf at the Annual General Meeting of the company to be held on Thursday, 13th July,

2017 and at any adjournment thereof.

Dated this_____________________________________________________.day of ________________________________2017

Shareholder’s name ____________________________________________________________________________________________

Shareholder’s Signature _________________________________________________________________________________________

S/N RESOLUTION FOR AGAINST

1 To receive the audited Financial Statement for the year ended 31 December, 2016 and the Reports of the Directors, Auditors and Audit Committee thereon

2 To elect or re-elect Directors

3 To fix the remuneration of Directors

4 To authorise Directors to fix the remuneration of the Auditors

5 To elect Members of the Audit Committee

Please indicate with an ‘X’ in the appropriate square how you wish your votes to be cast on the resolutions set above. Unless otherwise instructed, the proxy will vote or abstain from voting at his or her discretion.

Directors for Election/Re-Election

S/N NAME OF DIRECTOR FOR AGAINST

1

2

3

Please indicate with an ‘X’ in the appropriate square how you wish your votes to be cast on the resolutions set above. Unless otherwise instructed, the proxy will vote or abstain from voting at his or her discretion.

A D M I S S I O N C A R D

Please admit the Shareholder named on this Card or his duly appointed proxy to the Annual General Meeting to be held on 13th July 2017 at Ace-Olivia Hall, City Mall, 2nd Floor, Onikan, Lagos.

The admission card must be produced by the Proxy in order to gain entrance into the Annual General Meeting.

_______________________ ________________________ _______________________ ________________________

NAME OF SHAREHOLDER NAME OF PROXY SIGNATURE (SHAREHOLDER) NUMBER OF SHARES HELD

Chams PLC

Before posting the above form please tear off this part and return it for admission to the meeting

Chams PLC

Repositioned for Growth - Chams Plc€¦ · Table of Contents 5 Our Envisioned Future 6 - 7...

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