CSCS Reappoints Jalo-Waziri As CEO for Another Five-Year Term
…seeks to consolidate on business transformation, efficiency gains
Following a successful four-year term highlighting his outstanding
performance and exemplary leadership style, the Board of Directors of Central Securities Clearing System (CSCS) Plc has announced the reappointment of Haruna Jalo-Waziri as Managing
Director/Chief Executive Officer for another term of five years, effective 01 November 2021.
The well-deserved reappointment comes after four successful years of transformative leadership
which has led to enhanced productivity and value creation at Nigeria’s Premier and dominant
capital market infrastructure. In 2017, Mr. Jalo-Waziri took over from the Interim Chief Executive
officer, Mr Bola Adeeko, with a clear mandate to drive the next phase of CSCS’s strategic journey.
Over the last four years, the company has seen a major boost in its revenue base as well as built
strong strategic alliances with other financial market entities across Africa
With the oversight of the Board and a fully dedicated management team, Haruna Jalo-Waziri led
the growth of CSCS’s profit by 18% CAGR and delivered a 20% return on average equity in 2020
financial year, despite the pandemic. Mr. Jalo-Waziri and team have repositioned CSCS as a
market-oriented and client-centric organisation, which has proven effective in enhancing
operational excellence, extracting efficiency gains and deepening stakeholder engagements, all
of which are critical for the long-term sustainability of CSCS as a financial market infrastructure.
Speaking on the reappointment, Oscar N. Onyema, OON, Chairman of CSCS, noted, “The Board
is impressed with Mr. Jalo-Waziri’s performance at CSCS over the past four years and it has been
exciting working with the executive management team under his leadership. More so we believe
that the foundation the team has built, positions the company for its next growth phase. That is
why we are aiming to consolidate on our gains and diversify the business for sustainable growth.
On behalf of the Board, I congratulate Mr. Jalo-Waziri on this reappointment, which reflects our
vote of confidence and greater expectations from him in creating value for shareholders and
broader stakeholders of CSCS.
Commenting on his reappointment, Haruna Jalo-Waziri said, “I would like to thank the Board of
Directors for this reappointment. It’s a vote of confidence in my team, whose tenacity and
ingenuity are my greatest motivation and confidence. I am tremendously proud of the talent pool
we have built here at CSCS. As we set out to diligently execute on our next growth strategy, I am
super excited at the future of this great institution and look forward to deepening our partnership
with different stakeholders for mutual prosperity. I would continue to count on the support of
our apex regulator, the Securities and Exchange Commission; our Board of Directors; Participants