May 2010: The Supreme Court upholds the PCS`s argument that the rights deriving from the system cannot be changed without the agreement of all unions. However, it is less clear which elements of the scheme are covered by the judgment. The parties concerned were invited to agree on the impact of the judgment on the conditions of the CSCS and to refer the case back to court in case of disagreement. In the meantime, the terms agreed on 2 February by the other five unions cannot apply, even if they are beneficial to individuals. February 2010: Prospect and four other unions (FDA, Officier Prisons` Association, Unite and GMB) met on 2 February with the Cabinet Office to change the compensation system. Haruna Jalo-Waziri MD/CEO, CSCS Mr. Haruna Jalo-Waziri is an experienced financial markets expert and his award-winning career spanned twenty-five years in capital markets. He has extensive experience in the areas of agreement initiation, investment management, securities trading and regulation. He began his career at the Nigeria Stock Exchange and then joined the Securities and Exchange Commission, the highest capital markets regulatory organization in Nigeria. He worked with Afrinvest West Africa (formerly SECTRUST) and Kakawa Discount House Ltd, where he founded the asset management department, which he later transformed into a full-fledged company “Kakawa Asset Management Limited” (now FBN Merchant Bank). He then joined First Alliance Pension & Benefits Limited (now ARM Pensions Limited), in partnership with Mcube South Africa. In 2007, he was appointed Managing Director of UBA Stockbrokers Limited, a subsidiary of United Bank for Africa (UBA Plc) which he successfully ranked among the top 5 securities trading companies in Nigeria.
He then became Managing Director of UBA Asset Management AG. Haruna Jalo-Waziri was appointed Executive Director, Capital Markets, in 2012 and is primarily responsible for the overall development of the capital market. He has implemented important initiatives such as: Capital Market Partnership Agreement with the London Stock Exchange Group, development of the sovereign green bond, introduction of the Federal Government Retail Savings Bond, launch of the NSE Premium Board, MSCI Index Partnership – GICS Adoption and 1st listing on the NSE and LSE Main Board, among others. He has served on several boards including FSDH Merchant Bank, Nigeria German Chemical Plc, Oakwood Protea Hotel, Central Securities Clearing System Plc and Coral Properties Limited. He is currently a board member of Special Olympics Nigeria. He is also the current Vice President of the AIFA Reading Society, an NGO that focuses on promoting a culture of reading and achieving sustainable educational development throughout Africa. . . .