Adeyinka Shonekan Appointed CSCS Director

Adeyinka Shonekan has been appointed as executive director on the board of the Central Securities Clearing System (CSCS) Plc, Nigeria’s premier central securities depository (CSD).

The company announced this in a statement on Tuesday.

It said the appointment was made from a rigorous process to add valuable experience to the board whilst also strengthening “management bandwidth”.

According to the statement, Shonekan, currently, the company’s divisional head, sales and business development, joined the board of directors of CSCS Plc, effective November 2022, as executive director, subject to relevant statutory/regulatory provisions.

Speaking on the appointment, Oscar Onyema, chairman of the board, said the appointment is an acknowledgement of the success Shonekan has recorded over the past three years of leading business growth and revenue diversification.

Also, Haruna Jalo-Waziri said Shonekan’s appointment to the board should stimulate more energy at the executive and middle management levels of the organisation.

Prior to joining CSCS, Shonekan was at various times 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.

He holds a B.A.  economics from the University of Leicester, an MBA in international management from the University of Exeter, and a diploma in marketing from the Chartered Institute of Marketing, England.

CSCS is a public limited company, with a diversified shareholder base, including the Nigerian Exchange Group, some of the largest banks in Nigeria, private equity firms, other corporate and individual shareholders.