By Aduragbemi Omiyale
The chief executive of the Nigerian Exchange (NGX) Group Plc, Mr Temi Popoola, has been elected as the Chairman of the Central Securities Clearing System (CSCS) Plc.
Mr Popoola, a seasoned financial expert, is expected to bring a wealth of experience and expertise to his new role.
The chief executive of CSCS, Mr Haruna Jalo-Waziri, has expressed his delight over the emergence of Mr Popoola as the chairman of the organisation.
“We are confident that their addition to the Board would further enrich the quality and the collegiate decision-making process at this level of leadership of the company,” he said.
He also welcomed the appointment of Mr Samuel Onukwue and Mr Nonso Okpala to the CSCS board as non-executive directors, thanking the retiring Mr Oscar Onyema, Ms Tinuade Awe, Mr Seyi Owoturo, and Mrs Tairat Tijani for their outstanding service to the company.
Mr Popoola, who previously served as the CEO of NGX Limited, guiding the bourse through several strategic milestones, succeeds Mr Onyema, who retired after 13 years.
His appointment is effective April 1, 2024.
“As I step into the role of Chairman at CSCS, I am honoured and humbled by the opportunity to guide this esteemed organization to new heights of success and impact.
“With a steadfast dedication to our mission and by building on the very strong foundation that has been laid, I am committed to working with my colleagues on the board, management, and staff to drive growth, foster innovation, and uphold the highest standards of integrity and excellence.
“Collaborating with all our stakeholders, I am confident that we will chart a course toward continued excellence, delivering value to our clients, shareholders, and the broader financial community,” the new CSCS chairman said of his appointment.