The Central Securities Clearing System, or CSCS, is getting a new boss. Mr. Shehu Shantali is taking over as CEO starting in early 2026. He replaces Mr. Haruna Jalo-Waziri, who is leaving after eight years in charge. The company's chairman, Mr. Temi Popoola, said the board picked Shantali for his experience and vision, hoping he'll push their next growth phase.
Jalo-Waziri's time running the place is getting a major sendoff. The board credited him with transforming operations, updating tech systems, and making the firm more competitive. His leadership supposedly built up trust in the market and set a strong base for whoever came next. Popoola thanked him for his work publicly. Jalo-Waziri himself said it was an honor and thinks the company is set up well for the future.
As for the new guy, Shantali has a background in accounting and finance. He studied at Ahmadu Bello University and has an executive MBA. His career includes a long stint at Nigeria's Securities and Exchange Commission, where he worked on shifting reporting standards and pension changes. More recently, he ran a firm that built a platform for micro-finance products like small-scale insurance and investments. Earlier, he was involved in developing some of the country's early contactless payment and mobile money systems. In his new role, he says he'll focus on keeping governance tight and working with regulators to support the market's stability.
Jalo-Waziri's time running the place is getting a major sendoff. The board credited him with transforming operations, updating tech systems, and making the firm more competitive. His leadership supposedly built up trust in the market and set a strong base for whoever came next. Popoola thanked him for his work publicly. Jalo-Waziri himself said it was an honor and thinks the company is set up well for the future.
As for the new guy, Shantali has a background in accounting and finance. He studied at Ahmadu Bello University and has an executive MBA. His career includes a long stint at Nigeria's Securities and Exchange Commission, where he worked on shifting reporting standards and pension changes. More recently, he ran a firm that built a platform for micro-finance products like small-scale insurance and investments. Earlier, he was involved in developing some of the country's early contactless payment and mobile money systems. In his new role, he says he'll focus on keeping governance tight and working with regulators to support the market's stability.
