SCGN: Reflecting on a Year of Purpose, Progress, and a Strengthened Governance Mission

SCGN: Reflecting on a Year of Purpose, Progress, and a Strengthened Governance Mission

The end of the year often brings a natural pause. It offers leaders and organisations a quiet moment to look back on the work they have done, the lessons they have learnt, and the direction they intend to move next. For the Society for Corporate Governance Nigeria, 2025 has been a year of consistent effort, deeper engagement, and meaningful expansion of our contribution to the practice of corporate governance across the country.

Interestingly, it was also a celebratory year as we marked the Society’s twentieth anniversary. This served as a reminder of how far SCGN has travelled since its establishment. It highlighted two decades of conversations, research, partnerships, advocacy, director development, institutional strengthening, and the ongoing push for an ever-improving governance culture. It provided perspective, and it reinforced the Society’s commitment to shaping responsible leadership that meets the realities of today and the demands of tomorrow.

A Year Defined by Action and Steady Commitment

It is worth noting that across sectors, leaders are facing environments that are more complex, more regulated, more digitally driven, and far less predictable. SCGN responded to this reality with programmes, publications, and initiatives that brought clarity and guidance to boards, executives, institutions, and governance professionals.

The Pro Bono Governance Advisory Initiative

A significant step forward this year was the introduction of the Pro Bono Governance Advisory Initiative. Through this effort, SCGN extends governance support to one small or medium enterprise and one nonprofit organisation every year. These organisations gain access to structured board advisory, process evaluation, and guidance that would ordinarily be out of reach. The initiative helps us demonstrate that good governance should not be exclusive to large corporations. Instead, it should be accessible to any organisation that is building foundations and pursuing long-term sustainability.

 We strongly believe that the impact of this programme is likely to be long-lasting. For many smaller organisations that are aiming for growth, the value of clear governance structures often becomes evident only when challenges arise. By intervening early, SCGN is helping such organisations build stability before they reach critical turning points.

Publications that Shaped Insight

Like every other year, SCGN continued to strengthen its role as a knowledge resource by delivering publications that documented the state of corporate governance in Nigeria and highlighted emerging expectations. But this year, we also focused on creating much more detailed resources to help organisations, leaders, and executives thrive and experience remarkable growth.

Some of the notable publications of the year include:

  • A commemorative reflection highlighting the Society’s twenty years of governance progress.
  • The Corporate Governance and Sustainability Reporting Review, which provided an analysis of reporting standards and board-level sustainability oversight.
  • The 18th volume of the Journal of Corporate Governance, which explored themes such as ethics, organisational culture, accountability, digital governance, regulation, financial oversight, and leadership behaviour

These resources are designed to help organisations understand where they stand, what the regulatory and ethical expectations are, and how global standards are shaping local demand. They also offer boards and directors’ material that can guide strategic decisions in an increasingly demanding operating environment.

To get copies of Governance in Motion, Corporate Governance and Sustainability Reporting in Nigeria, and the Journal of Corporate Governance (Volume 18), Visit https://corpgovnigeria.org/publication/

Sustained Engagement and Wider Conversations

Throughout the year, the Society convened executives, board leaders, directors, policymakers, practitioners, academics, and stakeholders in several dialogues focused on strengthening governance culture. Through roundtables, forums, and workshops, SCGN encouraged open discussions on accountability, ethical leadership, inclusiveness, sustainability, and the evolution of board responsibilities.

These engagements have become essential touchpoints for individuals who want to remain informed, equipped, and connected to the broader governance community. They also reinforce SCGN’s approach to leadership development, which is not limited to classrooms or policy documents but includes ongoing conversation and peer exchange.

Looking Ahead: Preparing for a More Demanding Governance Climate

The Society’s 2026 programme calendar reflects the realities that boards and institutions are now facing. Issues such as sustainability, cybersecurity, data governance, artificial intelligence, enterprise risk, regulatory oversight, transparency, and resilience are no longer emerging concerns; they are now core concerns. It is important to stress that they have become central to decision-making and organisational credibility.

SCGN’s programmes scheduled for 2026 to address these focus areas include:

  • Sustainability and board-level accountability
  • Enterprise risk and cybersecurity
  • Cultural and organisational accountability
  • Strategy, resilience, and board effectiveness
  • Digital governance, artificial intelligence, and data management
  • International director certification programmes in the United Kingdom and Switzerland

Each programme responds to a clear need, and each one supports the growth of leaders who must operate in environments that are constantly evolving.

How Individuals and Organisations Must Position Themselves in 2026

1. Strengthen governance capacity early. Boards will require deeper knowledge and a broader perspective to operate effectively in 2026. Investing in director education is no longer optional, but essential.

2. Conduct internal governance reviews. Organisations should assess their board structures, processes, reporting frameworks, and ethical posture. A governance review ensures that organisations are prepared before they encounter regulatory or strategic pressure.

3. Engage with SCGN’s learning ecosystem. The Society’s publications, programmes, and policy dialogues provide important guidance. For example, they support leaders who want to think clearly, plan responsibly, and act with accountability.

4. Encourage a culture of transparency, not just compliance. Compliance may meet a requirement, but culture shapes behaviour. Institutions that embed ethical decision-making at every level are more likely to achieve stability and earn trust.

5. Build networks that support stronger leadership. SCGN provides a membership community where ideas, challenges, and solutions can be exchanged constructively. This network becomes increasingly valuable in uncertain environments.

A Closing Reflection

2025 has once again shown that governance is not a technical requirement. It is the framework that shapes the decisions that build or weaken organisations. It determines how leaders respond to risk, how organisations maintain accountability, how cultures develop, and how stakeholders judge credibility.

The Society for Corporate Governance Nigeria has spent the year deepening its work, extending its reach, supporting more organisations, and strengthening the knowledge base that leaders need.

As the year closes, the call is clear. Institutions must prepare for a future that will demand stronger judgment, clearer processes, and more responsible leadership. SCGN has laid the tools on the table. The coming year offers an opportunity for boards, executives, and professionals to use them with intention.

Happy Holidays!

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Stanbic IBTC Bank Limited

Comprehensive Banking Solutions
Prominent commercial bank offering wide array of personal, business, and commercial banking solutions including savings, current accounts, cards, mortgages, and SME lending.

Digital Innovation
Operates through nationwide branch network supported by digital channels: internet banking, mobile banking, and *909# mobile money service.

Strong Asset Growth
Substantial growth in asset base and customer deposits

Improved Efficiency Better cost-to-income ratio and risk management

Focus Inclusion Financial inclusion and sustainable banking practices
As core part of Stanbic IBTC Holdings, the bank works closely with group subsidiaries to offer integrated financial services, serving diverse client segments from individuals to large corporations with tailored solutions.

Excellence in Corporate Governance
These award beneficiaries represent the pinnacle of corporate governance excellence in Nigeria. Through their leadership, innovation, and unwavering commitment to best practices, they continue to shape the future of business in Africa.

  • Leadership Visionary leaders driving transformation and sustainable growth across sectors
  • Transparency Commitment to openness, accountability, and ethical business practices
  • Innovation Pioneering new approaches to governance, compliance, and stakeholder value

Impact Creating lasting positive change in Nigeria’s corporate landscape

Seplat Energy Plc

Seplat Energy Plc A leading Nigerian independent energy company established in 2009, dual-listed on Nigerian Exchange (NGX) and London Stock Exchange (LSE). Formed through partnership between Shebah Petroleum and Platform Petroleum Joint Ventures.

Core Operations
Oil and gas exploration, development, and production with strategic interests in Niger Delta oil mining leases.

Midstream Business
Integrated gas processing facilities at Oben, ANOH, and Sapele supplying Nigeria’s power and industrial sectors.

Future Focus
Balancing traditional operations with cleaner energy solutions for sustainable energy transition

Strategic Growth: Recent major acquisitions from international oil companies have significantly boosted production capacity and reserves, positioning Seplat as a key player in Nigeria’s energy future

Stanbic IBTC Holdings Plc

A leading Nigerian financial services group offering integrated solutions across banking, investment, pension, insurance, and fintech. Member of Standard Bank Group, Africa’s largest financial services organization by assets.

Investment; Corporate and investment banking services

Banking; Comprehensive personal and business banking solutions

Fintech; Digital financial services and innovation

Pension; Retirement planning and pension management

Insurance; Comprehensive insurance and risk management

Ayokunle Ayoko

Ayokunle Ayoko is a Lawyer, Chartered Secretary, HR expert, Certified Management Consultant, Certified Compliance Analyst, Certified Independent Non-Executive Director, and Notary Public. He worked with FirstBank and FBN Holdco PLC where he served as Company Secretary for FBN Insurance Limited (now SanlamAllianz Insurance Limited), FBN General Insurance Limited (now SanlamAllianz General Insurance Limited), and FBN Insurance Brokers Limited, all subsidiaries of FBN Holdco PLC.

He served as Company Secretary/Legal Adviser to Berger Paints Plc and Company Secretary/General Counsel for International Breweries Plc (AB Inbev) between 2018 to 2023. He is currently the Group Company Secretary/Head of Legal and Chief Compliance Officer at the CFAO Nigeria Group – a French Multinational. He is also co-founder and Non-Executive Director with Kaizen Academy (Nigeria) Limited, a leading multinational consulting firm.

Ayokunle’s holds a 2nd Class Upper L.L.B (Hons) degree from the University of Ibadan, an LLM from the University of South Wales (UK), and an MBA from the Liverpool John Moores University (UK). He also holds an Executive Diploma in International Law & Diplomacy from Kingsland Foundation, and a Certificate in Global Governance & Diplomacy from the European School for Leadership Development.

His work has earned global recognition, including the fast rising star award by ESQ Magazine, Modern Governance 100 Global & Ethics Leader Award (2019 & 2022, Diligent Corporation, New York) and listings in the Legal 500 General Counsel Powerlist Nigeria for 2024 and 2025. He was also honored recently as ‘Finest General Counsel – West Africa’ by Legal Era Awards and 2025 Corporate Governance Award by the Society For Corporate Governance Nigeria.

Ayokunle holds Fellowships from the Institute of Management Consultants, Nigeria (FIMC) and the Global Academy of Finance and Management, USA. He is a member of the Nigerian Bar Association (NBA), International Bar Association, Institute of Chartered Secretaries and Administrators (ICSAN), Society for Corporate Governance Nigeria (SCGN), and the Chartered Institute of Directors (CIoD), Nigeria.

Adeolu Adewumi-Zer

BEST-SELLING AUTHOR OF AFRO-OPTIMISM UNLEASHED
CHAMPION OF AFRICAN EXCELLENCE FOR SMES & BEYOND

Adeolu Adewumi-Zer is a global Nigerian, lifelong Afro-optimist, and international best-selling author dedicated to shaping a brighter future for Africa. With dual honors degrees from The Pennsylvania State University in the USA, her stellar academic foundation fueled a transformative 20+ year career across four continents within two multinationals. Adeolu culminated this experience as the CEO of Allianz Nigeria and, prior to that, as Regional Head of Mergers, Acquisitions, and Transformation Africa, where she spearheaded strategic growth initiatives that increased Allianz’s African portfolio to nearly half a billion Euros within four years.

Now, as the founder of ZER Consulting Africa (ZER), Adeolu leverages her global expertise in leadership development and strategic planning to empower SMEs, including startups, scale-ups, and social ventures across the continent. ZER partners with development agencies, investment funds, and social ventures to provide strategic guidance critical for growth via their SCALE framework. Adeolu’s strategic insights and unwavering commitment to excellence have earned her numerous accolades.

Adeolu’s strategic insights and unwavering commitment to excellence have earned her numerous accolades, including East Africa Deal of the Year in 2020 and Top 100 Women Impacting Africa in 2023. Her recent book, Afro-Optimism Unleashed, reached international best seller status on Amazon.

Beyond ZER:
Adeolu’s passion for Africa extends beyond her consulting work. She is the author of Afro-Optimism Unleashed: Scaling African Excellence to the Global Stage, a groundbreaking book that offers a roadmap for African leaders and businesses to achieve sustainable growth and global impact. Drawing from her decades of experience, Adeolu shares strategic insights and practical tools to unlock Africa’s potential on the world stage.

Adeolu’s commitment to Africa’s progress is reflected in her advocacy for financial inclusion, gender equality, and quality education, as well as her influential board positions and advisory roles focused on social impact across the continent.

Beyond her professional achievements, Adeolu is a mother of two global Africans and an avid runner, reader, and cultural explorer. Her Afro-optimism is not just a philosophy but a way of life, driving her to inspire and empower others to build a new Africa.

Connect with Adeolu on LinkedIn to learn more about her work and insights on scaling African excellence.

Gbeminiyi Shoda

A Visionary Solutionist in Corporate Governance and Legal Innovation

Gbeminiyi Shoda is a distinguished legal practitioner, transformative leader, and strategic advisor with a proven track record of delivering exceptional results in corporate governance, legal services, and innovative business solutions. She is the Managing Director of Structure HQ and Principal Partner of SHQ Legal, where she leads a team dedicated to providing customised corporate and commercial services for innovative individuals, businesses and family offices.

In her illustrious career, Gbeminiyi has served across the Legal, Compliance, and Secretariat functions of a Group structure with over 30 companies within its investment portfolio in diverse sectors. She played a pivotal role in securing regulatory licenses for industry-defining financial institutions and supporting the establishment of key players in Nigeria’s financial ecosystem. Her initiatives have directly contributed to enhancing sustainable wealth inclusion and driving innovation in regulated markets.

In 2021, she founded Structure HQ, a female-led firm that delivers tailored corporate and commercial solutions to businesses and family offices. Under her leadership, the company has become synonymous with excellence, providing innovative governance systems that empower startups, regulated institutions, and forward-thinking businesses.

As a sought-after solutionist, Gbeminiyi serves on the Board of notable organizations, including VFD Tech, Inspired by Glory, Template, and Canary Point Holding, where she provides strategic support and brings her governance expertise to bear.

Mr. Oscar Onyema

Board Member

Mr. Onyema is an accomplished board director and capital markets executive with over 25 years of experience leading institutional transformation, market infrastructure development, and strategic growth across financial services, energy, and technology sectors. As former CEO of the Nigerian Stock Exchange and founding Group CEO of NGX Group, led historic demutualization and listing, launched multi-asset platforms, and delivered a 200%+ surge in profitability.

 
Brings boardroom depth from global institutions including the World Federation of Exchanges, Green Impact Exchange, and CSCS Plc, with a strong track record in navigating complex regulatory environments, scaling platforms, and unlocking capital for innovation and growth. Combines financial acumen with proven execution in ESG, digital transformation, and risk governance. National honoree (OON), published author, and recognized voice shaping the intersection of capital markets, energy transition, and frontier economies.

Mr. Haruna Jalo-Waziri

Board Member

Mr. 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.

Mr. Jalo-Waziri 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. He is a member of the Chartered Institute for Securities and Investment UK, Chartered Institute of Stockbrokers and Institute of Capital Market Registrars.

Mr. Tajudeen Ahmed

Board Member

Mr. Tajudeen is a highly experienced strategic leader with three decades of executive management expertise combining of business leadership with deep functional expertise across Treasury Management, Portfolio Management, Credit Management, Manufacturing, Agro-allied, Construction and Transportation sectors, among others.

Mr Tajudeen has held various managerial positions in the Asset Management Corporation of Nigeria (AMCON), which includes Head Strategic Portfolio & Loans AMCON, Executive Director, at the Resolution & Restructuring Company Limited (A wholly owned subsidiary of AMCON that managed Portfolios in other entities) and Group Head, Asset Management AMCON. He held the positions of General manager and Group Head Treasury at Dangote Group and Chief Financial Officer at the Greenview International Co. Ltd, Ghana (A division of the Dangote Group of Companies).

Mr Tajudeen Ahmed also held the position of Principal Manager & Group Head Treasury, Inland Bank Nigeria PLC (Now FCMB Group PLC), Lagos.

With a solid career history in management, Mr Tajudeen possesses extensive global expertise, including High Performance Leadership, Corporate Policy, Development Strategy, Portfolio Management, Fiscal Responsibility, International Banking, Treasury Management, Investment Risk Management and Environmental Management.