CSCS Names Shehu Shantali Chief Executive Officer
The Central Securities Clearing System Plc (CSCS) has appointed Mr Shehu Shantali as its new Chief Executive Officer (CEO), effective Jan. 1, 2026, following the receipt of regulatory no-objection.
The company said in a statement on Friday that Shantali would succeed Mr Haruna Jalo-Waziri, who is stepping down after eight years marked by strategic growth and significant contributions to Nigeria’s capital market infrastructure.
Commenting on the appointment, Chairman of the Board, Mr Temi Popoola, said, “On behalf of the Board, I would like to express our profound appreciation to Haruna Jalo-Waziri for his outstanding service to CSCS.
“Under his leadership, the company recorded notable milestones and built an impressive legacy of operational excellence, innovation, and stakeholder confidence.
“We thank him sincerely for his dedication and impact.
“We are equally delighted to welcome Shehu Shantali as the new Chief Executive Officer of CSCS.
“He brings a wealth of experience, deep industry knowledge, and a strong strategic vision.
“The Board is confident that he will build on the solid foundation laid by his predecessor and lead the company into its next phase of growth.”
Reflecting on his tenure, the outgoing CEO, Mr Haruna Jalo-Waziri, said, “It has been an honour to serve as the Chief Executive Officer of CSCS.
“I am proud of what we have achieved together as a team and grateful for the support of the Board, management, regulators, and all our stakeholders.
“I am confident that CSCS is well positioned for the future, and I wish my successor every success as he takes the Company forward.”
In his remarks, the incoming CEO, Mr Shehu Shantali, said, “I am deeply honoured by the confidence the Board has placed in me with this appointment.
“CSCS plays a critical role in the capital market ecosystem, and I look forward to working with the Board, management, staff, regulators, and market participants.
“This is to further strengthen the company’s leadership position, deliver value to stakeholders, and support the continued growth and stability of the capital market.”
While Jalo-Waziri waa in the office, he demonstrated forward-looking, performance-focused leadership that drove consistent growth and wide-ranging transformation across the organisation.
He successfully implemented key strategic initiatives, reinforced governance and operational efficiency, and upgraded systems and processes, thereby strengthening the company’s long-term resilience and competitiveness.
His stewardship boosted stakeholder confidence, expanded the organisation’s relevance locally and globally, and laid a solid, future-oriented platform for sustained success.
Shantali holds a Bachelor of Science degree in Accounting from Ahmadu Bello University, Zaria, and an Executive MBA from Kingster Business School.
He has over two decades of experience in accounting, finance, and financial services across Nigeria and the United Kingdom, with expertise spanning investment and asset management, financial advisory, and International Financial Reporting Standards (IFRS).
His career cuts across capital markets, investment banking, real estate, and financial services and is underpinned by a decade at the Securities and Exchange Commission (SEC) Nigeria, where he championed the migration of publicly listed and significant public interest entities from Nigerian GAAP to IFRS and led the Commission’s transition to the contributory pension scheme in 2012.
CSCS is the Central Securities Depository for Nigeria’s capital market and is regulated by the Securities and Exchange Commission. CBN Rejects N1.3 trn OMO Bills Subscription from Investors
