Stanbic IBTC Holdings PLC has officially appointed Chukwuma (Chuma) Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following the completion of all necessary regulatory approvals.
The announcement was disclosed in a filing on the Nigerian exchange on Thursday.
The appointment concludes a structured transition period during which Dr. Adekunle Adedeji served as Acting Chief Executive while the Board conducted a comprehensive selection process in accordance with regulatory requirements. Dr. Adedeji will retain his position as Executive Director and Chief Finance and Value Management Officer, ensuring continuity in the company’s financial leadership.
Under Dr. Adedeji’s stewardship, Stanbic IBTC Holdings achieved unprecedented financial results that distinguished this transitional period. Mrs. Sola David-Borha, Chairman of the Board, acknowledged this achievement, stating: “It is worthy of mention that under Dr Adedeji’s leadership, the Group recorded its best financial performance since inception. The Group also successfully completed its Rights Issue Programme which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalization requirements ahead of the 31 March 2026 deadline.”
Chairman David-Borha welcomed Nwokocha’s appointment, emphasizing his qualifications for the role. She highlighted his “strong track record in board governance, financial oversight, strategic transformation as well as regulatory engagement” as key factors in the Board’s decision.
Nwokocha brings extensive credentials to his new role as a seasoned banking executive and chartered accountant with over thirty years of leadership experience across the African continent. His career includes multiple Chief Executive and Board-level positions at leading financial institutions throughout the region.
Most notably, Nwokocha previously served as Chief Executive of Standard Bank, SA, the Mozambican subsidiary of the Standard Bank Group, where he demonstrated expertise in driving strategic growth, governance, and operational excellence. His professional competencies span both retail and corporate banking sectors, with additional specialization in mergers and acquisitions.
