The Central Securities Clearing System Plc (CSCS) has officially announced the appointment of Shehu Shantali as its new Chief Executive Officer, effective January 1, 2026, following regulatory approval. Shantali succeeds Haruna Jalo-Waziri, who leaves the company after an eight-year tenure defined by strategic growth and strong leadership in Nigeria’s capital market.
During his time as CEO, Jalo-Waziri delivered transformative results, modernizing CSCS systems, strengthening governance, and enhancing operational efficiency. His leadership boosted stakeholder confidence, raised the company’s domestic and international profile, and laid a solid foundation for the organization’s long-term success.
Reflecting on the leadership transition, CSCS Board Chairman Temi Popoola praised Jalo-Waziri’s contributions, saying the outgoing CEO had built an impressive legacy of innovation and operational excellence. Popoola also welcomed Shantali, highlighting his extensive industry experience and strategic vision as critical for CSCS’s next growth phase.
In his first statement as CEO, Shantali expressed his excitement about taking on the role, emphasizing CSCS’s vital role in Nigeria’s capital market ecosystem. He promised to work closely with the board, staff, regulators, and market participants to strengthen the company’s leadership, enhance value for stakeholders, and drive sustainable growth.
Shantali brings over 20 years of experience across accounting, finance, investment banking, and financial services in Nigeria and the UK. His career highlights include pioneering Nigeria’s first contactless payment solution, driving IFRS adoption at the SEC, and leading financial inclusion initiatives. As former CEO of Apricot Investments Limited, he spearheaded platforms for micro-financial solutions, reinforcing his commitment to digital financial innovation.
source: This Day