Stanbic IBTC Holdings Plc has announced the appointment of Mr. Chukwuma Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following the receipt of all required regulatory approvals.
The development was disclosed in a filing to the Nigerian Exchange on Thursday, October 3, 2025, signed by the Company Secretary, Chidi Okezie.
Mr. Nwokocha succeeds Dr. Adekunle Adedeji, who had served as Acting Chief Executive during a strategic transition period. Dr. Adedeji will return to his position as Executive Director/Chief Finance and Value Management Officer of the company.
Mr. Nwokocha is a seasoned banking executive and chartered accountant with more than three decades of experience in Africa’s financial services sector.
He has held several Chief Executive and Board-level positions in leading financial institutions, including serving as Chief Executive of Standard Bank, SA’s Mozambican subsidiary, where he drove strategic growth, strengthened governance, and enhanced operational excellence.
His expertise spans retail and corporate banking, mergers and acquisitions, regulatory engagement, and operational excellence, positioning him to lead Stanbic IBTC Group into its next phase of growth.
Chairman of the Group, Mrs. Sola David-Borha, expressed the Board’s strong confidence in Mr. Nwokocha’s leadership.
“Chuma has a proven track record in strategic transformation and governance. We are confident that his appointment will further strengthen the Group’s leadership and support its long-term strategy,” the Chairman stated in the corporate release.
The Chairman also commended Dr. Adedeji for his outstanding leadership during the interim period, describing his tenure as both impactful and historic in steering the Group through a critical phase of transition. “Under Dr. Adedeji’s leadership, the Group recorded its best financial performance since inception,” she added.
“He also oversaw the successful completion of the Group’s Rights Issue Programme, enabling the banking subsidiary to meet the CBN’s recapitalisation requirements well ahead of the 31 March 2026 deadline.”
