Our People

Our people are our most critical assets and are indeed our security for today and the future.

BOARD OF DIRECTORS

Oscar N. Onyema OON.

Chairman, Board of Directors

Haruna Jalo-Waziri

Managing Director/Chief Executive Officer

Bayo Olugbemi

Non-Executive Director

Uche Ike

Non-Executive Director

Eric Idiahi

Non-Executive Director

Roosevelt Michael Ogbonna

Non-Executive Director

Tinuade T. Awe

Non-Executive Director

Oluwaseyi Abe

Non-Executive Director

EXECUTIVE MEMBERS

Haruna Jalo-Waziri

Managing Director/Chief Executive Officer

Adeyinka Shonekan

Divisional Head, Business Development

Onome Komolafe

Divisional Head, Shared Services

Ayokunle Adaralegbe

Chief Risk Officer

Femi Onifade

Chief Strategy Officer

MANAGEMENT TEAM

Akinwonuola Atitebi

Head, Treasury and Investments

Ihuaru Akachukwu

Head, Stakeholders Engagement

Charles I. Ojo

Head, Legal Services/ Company Secretary

Isqil Adeniji

Head, Information Technology

Anthony Ezugbor

Head, Technology Solutions

Temitope Sanni

Head, Corporate Services

Abiodun Owoeye

Head, Internal Audit

Isioma Lawal

Head, Internal Control

Olumide Jerome

Head, Project Management Office

Folagbade Adeyemi

Head, Clearing & Settlement Operations

Theodore Anyanwu

Head, Client Network Coverage

Idibore Danlami Ali

Ag. Head of Finance

Patrick Nri

Head, Product Development

Vivian Ashiogwu

Head, Contact Centre

Oladipo Oluyinka

Ag. Head, Human Resources

Abiola Rasaq

Head, Corporate Strategy

Oluyemi Omodayo

Ag. Head, Compliance

Mr Oscar N. Onyema OON.

Chairman, Board of Directors

Mr. Oscar N. Onyema was appointed Chairman of Central Securities Clearing System (CSCS) PLC, the clearinghouse for the Nigerian capital market, in April 2011 after his resumption as Chief Executive Officer of The Nigerian Stock Exchange and a member of the National Council. He also serves as Chairman of the boards of all subsidiaries of The Exchange and is the pioneer chairman of NG Clearing Limited. He has served as a Council member of Chartered Institute of Stockbrokers (CIS); Board member of FMDQ OTC PLC; and Board member of the National Pension Commission of Nigeria (PENCOM).

At a regional level, Mr. Onyema was the immediate past President of African Securities Exchanges Association (ASEA) and a former chairman of West African Capital Market Integration Council (WACMIC), where he supports efforts to integrate securities markets in the West African sub-region.

On the International front, he sits on the London Stock Exchange Group Africa Advisory Group (LAAG) as well as the Thomson Reuters Africa Advisory Network. He has served as a member of World Economic Forum (WEF) Global Agenda Council on the Future of Financing and Capital.

Mr. Onyema’s remarkable achievements have earned him numerous awards and recognitions including the Special Recognition Award for transformational leadership in the Nigerian Capital Markets at Business Day Top 25 CEOs Award 2018; the Top 10 Most Powerful Men in Africa recognition by Forbes Magazine in 2015; the Most Innovative CEO of the Year 2014 accolade by the Abuja Chamber of Commerce. Also, in 2014, Mr. Onyema received the national honor of Officer of the Order of the Niger (“OON”) from the Federal Government of Nigeria in recognition of his contribution to economic development, the transformation of The Nigerian Stock Exchange and the Nigerian capital markets.

Prior to relocating to Nigeria, he served as Senior Vice President and Chief Administrative Officer at American Stock Exchange (AMEX), which he joined in 2001. He was the first person of color to hold that position. After the merger of NYSE Euronext and AMEX in 2008, he ran the NYSE AMEX equity business, which he helped to position as a premier market for small and mid-cap securities. He started his Wall Street career at the New York Mercantile Exchange (NYMEX) in 1997.

Mr. Onyema is an alumnus of Harvard Business School (Advanced Management Program), The Wharton School, University of Pennsylvania (Board of Directors Development Program) and INSEAD International Directors Programme. He has an MBA from Baruch College, New York and a BSc from Obafemi Awolowo University, Ile-Ife. He is a Fellow of the Institute of Directors (IoD) Nigeria, Fellow of the Chartered Institute of Stockbrokers (CIS), Associate of the Chartered Institute for Securities & Investment (CISI) in the UK, and holds FINRA Series 7, 24, 63 qualifications in the United States.

Haruna Jalo-Waziri

Managing Director/Chief Executive Officer

Haruna Jalo-Waziri is the Managing Director and Chief Executive Officer of Central Securities Clearing System Plc (CSCS), a position he assumed in November 2017. He has overall responsibility for delivering on the company’s vision and mission. Since taking over at the helm, he has driven a number of strategic initiatives, leading to notable efficiency gains and repositioning the company for sustainable growth.

 

Mr. Jalo-Waziri has three decades hands-on experience across multiple financial disciplines, with a career spanning Investment Banking, Securities Trading, Pension Funds Administration and conventional Asset Management, Business development and Regulation. He is an award-winning Executive, with reputable track record in leading successful start-ups and business transformations.

 

Prior to being appointed Chief Executive Officer of CSCS Plc, he was Executive Director, Capital Markets at the Nigerian Stock Exchange, with primary responsibility for deepening the market through products, market structure innovation and new listings, as well as generating order flow across all asset classes. Under his stewardship, the partnership between the NSE and the London Stock Exchange was established, an alliance which has birthed a number of dual listings on these Bourses.  He led the launch of the Premium Board on the NSE, distinguishing value companies with strong governance practices and creating enhanced liquidity flow for the counters. He also led the introduction of the Nigerian Sovereign Green Bond as well as the Federal Government Retail Savings Bonds. Mr. Jalo-Waziri previously served as Managing Director/Chief Executive at both UBA Stockbrokers Limited and UBA Asset Management Limited, transforming the businesses to becoming top-5 in their respective segments. He also pioneered the asset management business of Kakawa Discount House Limited (now FBN Merchant Bank) and previously worked at the Securities and Exchange Commission.

 

Haruna is a Director on the Board of NG Clearing Limited and the Board of Special Olympics Nigeria. He is on the Advisory Board of Business Day and currently serves as Vice President of the AIFA Reading Society, an NGO, which focuses on promotion of a reading culture and sustainable development of the educational system in Africa. He has served on the Boards of several companies, including FSDH Merchant Bank Limited, Nigeria-German Chemicals Plc, Protea Oakwood Hotel Limited, Coral Properties Limited, UBA Stockbrokers Limited and UBA Asset Management Limited to mention a few. He is a life member of the Institute of Directors.

 

Mr. Jalo-Waziri is an economist, and an alumnus of reputable institutions, including the Lagos Business School and Venture Capital Institute of America. He holds a first degree and MBA from the University of Maiduguri and the Abubakar Tafawa Balewa University respectively. 

Mr. Bayo Olugbemi

Non-Executive Director

Mr. Bayo Olugbemi is the MD/CEO of First Registrars & Investor Services Limited. He has extensive experience in the areas of Investment Banking, Portfolio Management, Treasury Operations, Securities Depository and Pensions Fund Administration.

Mr. Olugbemi is a graduate of Accounting from the University of Lagos. He holds an MBA in International Business Management from Lagos State University and an MSc in Corporate Governance from Leeds Beckett University in the UK.

Mr. Olugbemi is an alumnus of some of the World’s top management schools like the Lagos Business School, Harvard Business School, INSEAD France & Singapore, Institute of Management Development (IMD) Switzerland, Wharton Business School, Stanford

Business School, New York Institute of Finance amongst others. He is a Fellow of many Professional Bodies such as the Chartered Institute of Bankers of Nigeria, Institute of Capital Market Registrars, Chartered Institute of Taxation of Nigeria, Certified Institute of Pensions of Nigeria, Institute of Directors, Nigeria, Association of Enterprise Risk Management Professionals, Nigerian Institute of Training & Development as well as Associate Member of Nigerian Institute of Management and the Institute of Chartered Secretaries & Administrators of Nigeria.

He is regarded as a pioneer in the Nigerian Share Registration industry, having pioneered several Capital Market Registrar Companies. He currently serves on the Governing Councils of several professional bodies such as The Chartered Institute of Bankers of Nigeria (1st Vice President), Institute of Capital Market Registrars (President/Chairman of Council) and Lagos Chamber of Commerce & Industry (Immediate Past Treasurer) as well as on the boards of several Corporate Organizations and NGOs.

 

He is a trainer in Leadership, Management, Corporate Governance and Ethics, Business Formation, Capital Market Development and Share Registration as well as being a Motivational Speaker of high repute. He is an avid reader and author of three published books: Advancing Through Adversity; Economic & Financial Stewardship and When Tomorrow Comes. He also has to his credit many unpublished works.

 

Mr. Olugbemi is a Senior Pastor in one of the biggest Churches in Nigeria.

Mr. Eric Idiahi

Non-Executive Director

Mr. Idiahi is a Co-founder and Partner of Verod Capital Management Limited. Prior to founding Verod Capital, Mr. Idiahi was the managing partner of Fountainhead Media Group. Mr. Idiahi also previously worked at Financial Derivatives Company Limited.

He is a Director of African Lifestyle Limited, EMZOR Pharmaceutical Industries Limited, Greensprings Educational Services Limited, and on the Board of Regents of Harris Manchester College, Oxford University.

He received a B.Sc in Economics from the University of Houston, Texas and an MBA from Saïd Business School, University of Oxford, England.

Mr. Roosevelt Michael Ogbonna

Non-Executive Director

Mr. Roosevelt Ogbonna is the Group Deputy Managing Director of Access Bank PLC. He has over 20 years of experience in banking cutting across treasury, commercial, corporate and investment banking. Prior to his appointment, he was the Executive Director, Wholesale Banking Division of Access Bank PLC.

He is a Fellow of the Institute of Chartered Accountants of Nigeria, a Senior Executive Fellow of Harvard Kennedy School, an alumnus of Harvard Business School and a CFA charter holder. He holds a Master’s degree in Business Administration from IMD Business School, an Executive Master’s degree in Business Administration from Cheung Kong Graduate School of Business and a Bachelor’s degree in Banking and Finance from the University of Nigeria, Nsukka. In 2015, he was selected as one of the Institute of International Finance (IIF) Future Global Leaders.

Roosevelt sits on the board of a number of institutions including, Africa Finance Corporation, Access Bank UK Limited, Access Bank (Zambia) Ltd and Central Securities Clearing System PLC.

Chief Onyenwechukwu Patrick Ezeagu

Non-Executive Director

Chief Ezeagu graduated from Liverpool John Moores University, Liverpool, UK; University of Lagos, Nigeria and University of

Nigeria, Nsukka where he obtained M.Sc. Governance & Finance, MBA Finance and B.Sc. Management degrees respectively. He is a Fellow of the Chartered Institute of Stockbrokers and a Fellow of the Institute of Direct Marketing of Nigeria.

His career spans Consultancy, Banking, Finance and Capital Market.

 Chief Ezeagu is a member of the Technical Committee of the West African Capital Markets Integration Council (WACMIC). He was a Member of Finance Committee, Chartered Institute of Stockbrokers and served as a member, Investment Management Sub-Committee of the Capital Market Committee of the Securities & Exchange Commission (SEC). He also served and still serves in various Committees of both the SEC and the Nigerian Stock Exchange to promote the ideals of the Nigerian Capital Market. Chief Ezeagu has been registered with the SEC and has been actively operating in the Capital Market since 1994.

He is currently the Chairman of Association of Securities Dealing Houses of Nigeria (ASHON), the Managing Director/CEO of Solid-Rock Securities & Investment Plc and he is on the Board of the Lagos Commodities and Futures Exchange Ltd among others.

Chief Ezeagu is widely travelled and has attended many executive management training programs both locally and Internationally. He is a member of the prestigious Lagos Country Club 1949 (served on the Club’s Investment Committee) and PENA Club of Nigeria (its former President).

Mr. Oluwaseyi Abe

Non-Executive Director

Oluwaseyi Abe is currently the Managing Director / CEO of Magnartis Finance & Investments Limited — one of the most

structured players in the Nigerian Capital Market with regional market operations that cut across emerging African markets. Prior to this engagement, Mr. Abe (on secondment from Magnartis Finance & Investments Limited) was the Chief Investment Officer of Aiico Pension Managers Limited.

One of the thoroughbred investment banking careerists in his generation; Mr. Abe started his career with Leadbank Group in January 1990. In August of the same year, he was seconded to Nigerian Stockbrokers Limited – a subsidiary of NAL Bank Plc for a one-year training in stockbroking and investment management. He returned to Leadbank Group in January 1992 after a successful training program and qualification as a professional Stockbroker. On his return to Leadbank Group, he commenced trading on the floor of the Nigerian Stock Exchange for the bank and acted in many capacities as investment manager and-advisor. He was involved in capital raising exercise for many companies amongst which are FBN Plc, UBA Plc, IBL Plc, UBN Plc, Wema Bank Plc, etc. He participated in packaging several Initial Public Offers, (IPO), Rights Offers etc.

He rose to the position of Chief Operating Officer for Lead Securities and Investments Limited – a stock brokerage and asset management company and a member of the Nigerian Stock Exchange. In September 2006, Mr. Abe Left Lead Capital for Magnartis Finance & investments Limited (Member of the Nigerian Stock Exchange).

Mr. Abe is an accomplished Investment Banker, a serial investor and very active operator in the financial market landscape. He rose to the peak of the stockbroking profession and is currently the immediate past President / CIC of the Chartered Institute of Stockbrokers of Nigeria.

He attended the University of Ife, Ile-Ife where he bagged a Second Class (Upper) Honors Degree in Social Sciences and finished as the Institutions best graduating student in Sociology and Anthropology for the year 1988. He obtained an M.Sc. Degree in Marketing from the University of Lagos, Akoka in 1996 and an MBA from Ondo State University, Ado-Ekiti in 1998. He also attended the prestigious Senior Management Program of the Lagos Business School (Pan African University).

Mr. Abe presently on the board of Kingspride Group, Insight Microfinance Bank Limited, Magnartis Finance & Investments Ltd (Member of the Nigerian Stock Exchange), D2RS Group, Pure Imagination Limited (South Africa) and Astrocraft Consulting (UK). Mr. Abe is widely travelled, and he has an uncanny networking capability.

Mr. Adeyinka Shonekan

Divisional Head of Business Development

Adeyinka is an accomplished Administrator and Financial Services professional with experience in General Management, Relationship Management, Investment and Portfolio Management, Credit Appraisal, Loan Management, Risk Assessment, Treasury Management, Performance Management, Business Development and Project Management. As an Influential Interpersonal Communicator and Negotiator, he is skilled at developing personal and strategic relationships with Key Stakeholders across broad levels and dimensions. He has a track record of building and leading effective cross functional teams, driving change initiatives and implementing strategy.

 

Prior to joining CSCS, Adeyinka was an Executive Director at Volker Securities and Investments Company Limited; the Chief Operating Officer at Unic Insurance Plc; Group Head, Corporate Banking, Telecoms and Special Projects at Bond Bank Limited and a member of the Corporate Banking team at Guaranty Trust Bank respectively.

 

Adeyinka is a Senior Member of the Chartered Insurance Institute of Nigeria. He has a B.A Economics from the University of Leicester, an MBA International Management from the University of Exeter and a Diploma in Marketing form the Chartered Institute of Marketing, England.

Onome Komolafe

Divisional Head of Shared Services

Onome Komolafe is the Divisional Head of Shared Services and holds a B.Sc. and an MBA from the Obafemi Awolowo University. She has worked in different capacities of the Payments and Settlement system in the Nigerian Financial Eco-system.

She brings to bear over 20 years of quality, professional experience garnered from her exceptional leadership and service delivery in organizations such as; Guaranty Trust Bank, Access Bank and Coronation Merchant Bank.

Prior to joining CSCS, she held the position of Chief Operating Officer at Coronation Merchant Bank, in which capacity she led the Operations and Technology transformation strategies across the entire organisation.

She was Head of Branch Operations, Treasury Operations and Domestic Operations at GT Bank where she started her banking career in 1997.

Onome joined Access bank in 2007, where she fulfilled the role of Head of Treasury Operations and subsequently oversaw the Banks’ Centralized Operations Group where she created The Standardized Procedures for Domestic Funds Transfer,  Credit and Corporate Operations Teams as well as leading several key projects including the Treasury Software Implementation project for the bank.

She is a thoroughbred professional with memberships in reputable committees such as the Central Bank of Nigeria’s Financial Services Industry Infrastructure Transformation Program, the RTGS (Real Time Gross Settlement) Implementation team, and the Payment Systems and Infrastructure Sub- Committee of the Bankers Committee.

Ayokunle Adaralegbe

Chief Risk Officer

Mr. Ayokunle Adaralegbe has a wealth of experience in Risk Management, Asset Management, Banking and Financial services. He started his career at FSB International Bank (now Fidelity Bank Plc) and later progressed to EcoBank Nigeria Plc.

Mr. Ayokunle was at the State Street Bank and Trust Co. where he was responsible for Institutional Client Investment Risk Management. Prior to joining CSCS Plc, he was a Risk Manager (Market Risk, Credit and Liquidity) at Depository Clearing and Trust Company (DTCC), New York and London, where he gained extensive skills and experience in the end to end operations of market infrastructures especially Central Counterparty Clearing and their role in market development and financial system stability, covering cash equities, fixed income and derivative products.

Currently, he is the Chief Risk Officer and Divisional Head in charge of Risk and Compliance at CSCS Plc where he established Enterprise Risk Management and implemented its framework to provide assurance to the Board and Management of CSCS Plc. In 2014, from an “A-” rating, Mr. Ayokunle achieved an ‘A’ rating for CSCS Plc from Thomas Murray (the global post-trade risk and custody specialists), in recognition of a significant positive improvement in the risk culture and overall risk posture of CSCS Plc and in 2019, the company advanced from an ‘A’ rating to an ‘A+’ rating which denotes ‘Low Overall Risk’ from Thomas Murray. He also achieved ISO 27001:2013 certification and recertification for CSCS Plc in 2016 and 2018 respectively.

Ayokunle is a Board of Trustee nominee on the Nigerian Stock Exchange Investors Protection Fund. He holds a Master’s in Business Administration (MBA) from Strathclyde Business School, UK, a Master’s Degree in Banking and Financial Market from Loughborough University UK, a Bachelor’s Degree in Management and Accounting (Second Class Upper Division) from Obafemi Awolowo University, Ile-Ife, Nigeria, and he is an alumnus of Lagos Business School.

Mr. Femi Onifade

Chief Strategist

Femi is a versatile business solution and financial market expert, with two decades hands-on experience in pioneering new business lines, products and functional groups for various organizations. He has developed and led Africa expansion drive for diverse businesses in Consultancy, Commercial Banking and a Securities Exchange; covering 14 African countries across various industries. His career experience covers Capital Markets and Financial Services, spanning Business Start-up and Transformation, Corporate Strategy, Corporate Finance, Deal Origination and Structuring, Product Development, Business Development, Securities Market Structure Design and Implementation, Treasury, Risk Management, Structured Products, Investment Management and Fund Advisory, Securities Trading, Process re-engineering. and Project/Programme Management.

 

Prior to joining the CSCS, he was the Ag. Divisional Head – Trading Business and Head, Secondary Markets at the Nigerian Stock Exchange, with responsibility for overseeing the Exchange’s Trading Business Division which covers product development, market structure design and enhancement, product management, order flow generation, buy-side relationship management, specialized products deal origination and advisory services, monetization of market data and technology services, as well as market operations. Prior to the NSE, as a practitioner, he has held lead roles in pioneering and developing business, treasury, risk management and transformation capabilities for organizations such as United Bank for Africa Plc, United Capital Plc, and IBFCAgusto. In addition, he has led and participated in consulting engagements across his skill competency areas for various institutions operating in diverse industries and geographies in Africa.

In his current role as the Chief Strategy Officer of Central Securities Clearing System Plc, he is responsible for strategy development, resource allocation and strategy execution with the overall goal of ensuring organizational effectiveness, as well as business model innovation & sustainability.

Femi is a Global Association of Risk Professionals (GARP) certified Financial Risk Manager, a Microsoft Certified Professional and a graduate of the University of Lagos in the field of Pure and Applied Mathematics.