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CSCS board renews Jalo-Waziri’s appointment for another 5 years

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  By Itohan Abara Laserian The Board of Directors of Central Securities Clearing System CSCS Plc has announced the reappointment of Mr Haruna Jalo Waziri as Managing Director Managing Director The reappointment is for another five year term starting November 1 CSCS President Oscar Onyema said in a statement made available to the Nigeria News Agency Tuesday in Lagos Onyema said Jalo Waziri s reappointment follows a successful four year tenure of his outstanding performance and exemplary leadership style The Board of Directors is impressed with Jalo Waziri s performance at CSCS over the past four years and it has been exciting to work with the management team under his leadership More so we believe that the foundation the team has built position the company for its next phase of growth This is why we aim to consolidate our achievements and diversify the activity for sustainable growth On behalf of the Board of Directors I congratulate Jalo Waziri on this renewal which reflects our vote of confidence and our increased expectations from him in terms of creating value for CSCS shareholders and broader stakeholders Onyema said Commenting on his renewal Jalo Waziri thanked the board of directors for the confidence shown in him I would like to thank the Board of Directors for this renewal It is a vote of confidence in my team whose tenacity and ingenuity are my greatest motivation and confidence I am extremely proud of the talent pool that we have built here at CSCS As we strive to diligently execute our next growth strategy I am very excited about 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 highest regulator the Securities and Exchange Commission our board of directors participants and other stakeholders in deepening the Nigerian capital market for our mutual growth It has been an exciting and challenging journey and the grass continues to get greener at every turn he said Jalo Waziri took over the leadership of the CSCS in 2017 from the Acting Director General Mr Bola Adeeko with a clear mandate to lead the next phase of the CSCS strategic journey Over the past four years the company has seen its revenue base grow significantly and forged strong strategic alliances with other financial market entities across Africa Under the supervision of the Board of Directors and a fully dedicated management team Jalo Waziri led CSCS earnings growth of 18 CAGR and generated a 20 return on average equity during the year fiscal year 2020 despite the pandemic Jalo Waziri was previously Executive Director Capital Markets at the Nigerian Stock Exchange now Nigerian Exchange Group Plc where he led cross functional teams responsible for the recovery of primary and secondary markets between 2012 and 2017 He has co managed a number of initiatives at the Stock Exchange including the launch of the Premium Board the London Stock Exchange s strategic partnership with the Nigeria Stock Exchange and the development of Nigerian Savings Bonds Sukuk Bonds and green bonds among several other markets Large scale initiatives www Source NAN
CSCS board renews Jalo-Waziri’s appointment for another 5 years

By Itohan Abara-Laserian

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Board of Directors of Central Securities Clearing System

The Board of Directors of Central Securities Clearing System (CSCS) Plc has announced the reappointment of Mr. Haruna Jalo-Waziri as Managing Director / Managing Director.

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The reappointment is for another five-year term, starting November 1.

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Oscar Onyema

CSCS President Oscar Onyema said in a statement made available to the Nigeria News Agency Tuesday in Lagos.

Onyema said Jalo-Waziri’s reappointment follows a successful four-year tenure of his outstanding performance and exemplary leadership style.

Board of Directors

“The Board of Directors is impressed with Jalo-Waziri’s performance at CSCS over the past four years and it has been exciting to work with the management team under his leadership.

“More so, we believe that the foundation the team has built position the company for its next phase of growth. This is why we aim to consolidate our achievements and diversify the activity for sustainable growth.

Board of Directors

“On behalf of the Board of Directors, I congratulate Jalo-Waziri on this renewal, which reflects our vote of confidence and our increased expectations from him in terms of creating value for CSCS shareholders and broader stakeholders”, Onyema said.

Commenting on his renewal, Jalo-Waziri thanked the board of directors for the confidence shown in him.

Board of Directors

“I would like to thank the Board of Directors for this renewal.

It is a vote of confidence in my team, whose tenacity and ingenuity are my greatest motivation and confidence.

“I am extremely proud of the talent pool that we have built here at CSCS. As we strive to diligently execute our next growth strategy,

“I am very excited about the future of this great institution and look forward to deepening our partnership with different stakeholders for mutual prosperity.

Securities and Exchange Commission

“I would continue to count on the support of our highest regulator, the Securities and Exchange Commission; our board of directors; participants and other stakeholders in deepening the Nigerian capital market for our mutual growth.

“It has been an exciting and challenging journey and the grass continues to get greener at every turn,” he said.

Acting Director General

Jalo-Waziri took over the leadership of the CSCS in 2017 from the Acting Director General, Mr. Bola Adeeko, with a clear mandate to lead the next phase of the CSCS strategic journey.

Over the past four years, the company has seen its revenue base grow significantly and forged strong strategic alliances with other financial market entities across Africa.

Board of Directors

Under the supervision of the Board of Directors and a fully dedicated management team, Jalo-Waziri led CSCS earnings growth of 18% CAGR and generated a 20% return on average equity during the year. fiscal year 2020, despite the pandemic.

Executive Director

Jalo-Waziri was previously Executive Director, Capital Markets at the Nigerian Stock Exchange (now Nigerian Exchange Group Plc), where he led cross-functional teams responsible for the recovery of primary and secondary markets between 2012 and 2017.

Stock Exchange

He has co-managed a number of initiatives at the Stock Exchange, including the launch of the Premium Board, the London Stock Exchange’s strategic partnership with the Nigeria Stock Exchange, and the development of Nigerian Savings Bonds, Sukuk Bonds and green bonds, among several other markets. -Large-scale initiatives. (www.)

Source: NAN

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