As information technology (IT) persists as an integral means for achieving success in organisational business processes, IT Governance (ITG) continues to be a top priority too. Current reports show that enterprises continue to suffer financial losses as a result of poor ITG practices. To better govern IT resources, many have tried to address this problem by migrating to the highly recommended IT governance frameworks such as CoBIT 5, unfortunately with little success. This study seeks to explore the barriers to successful migration to CoBIT 5 and identify the key factors that influence effective migration. A survey was conducted and data collected from 84 professionals with sound IT Governance knowledge and experience in the financial services and telecoms industry. The quantitative data was analyzed using statistical methods. Findings suggested that there are four distinct aspects that need to be reconciled; it is only then that before organisations should embark on the migration to CoBIT 5. Results obtained augmented existing literature and also revealed new factors noticeably absent from the ITG literature. The findings provided useful input towards the development of a model to guide migration to CoBIT 5 ITG framework.