Stanbic IBTC Holdings PLC has announced the appointment of Mr. Chukwuma (Chuma) Nwokocha as the substantive Group Chief Executive, effective October 2, 2025 following the receipt of all necessary regulatory approvals.
Mr. Nwokocha takes over from Dr. Adekunle Adedeji, who served as Acting Chief Executive during the transition period. Dr. Adedeji will continue in his capacity as Executive Director and Chief Finance and Value Management Officer of the Company.
In a statement, Mrs. Sola David-Borha, Chairman of Stanbic IBTC Holdings PLC, expressed the Board’s satisfaction with Mr. Nwokocha’s appointment and emphasized his strong background in board governance, financial oversight, strategic transformation and regulatory engagement.
She also acknowledged Dr. Adedeji’s leadership, noting that during his tenure the Group recorded its best financial performance since inception and successfully completed its Rights Issue Programme, which ensured that Stanbic IBTC Bank met the Central Bank of Nigeria’s recapitalization requirements ahead of the March 31, 2026 deadline.
Mr. Nwokocha is a chartered accountant and seasoned banking executive with over 30 years of leadership experience across Africa.
He has held several Chief Executive and Board-level positions in leading financial institutions, including serving as Chief Executive of Standard Bank Mozambique, a subsidiary of Standard Bank Group.
His expertise spans retail and corporate banking, mergers and acquisitions, and strategic governance.
The Board expressed confidence that his leadership would play a pivotal role in driving the Group’s long-term growth and strategic priorities. The announcement was signed by Chidi Okezie, Company Secretary.