Stanbic IBTC Holdings Plc has announced the appointment of Chukwuma (Chuma) Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following regulatory approval.
The appointment comes after the conclusion of Adekunle Adedeji’s tenure as acting Chief Executive. Adedeji will return to his position as Executive Director and Chief Finance and Value Management Officer of the Group, where he has served since stepping in during the leadership transition.
Nwokocha, a seasoned banking executive and chartered accountant, brings more than three decades of leadership experience across Africa.
His career spans top roles in major financial institutions, including his time as Chief Executive of Standard Bank Mozambique, where he was credited with driving strategic growth, governance improvements, and operational transformation. His expertise covers retail and corporate banking, mergers and acquisitions, and board-level governance.
Sola David-Borha, Chairman of Stanbic IBTC Holdings, praised the appointment, describing Nwokocha as a tested leader with a proven track record.
“We are delighted to welcome Chuma Nwokocha as Group Chief Executive. His leadership and experience in strategy, transformation, and regulatory engagement will be critical in advancing Stanbic IBTC’s long-term growth strategy,” David-Borha said.
She also commended Adedeji for his stewardship during the interim period, noting that under his leadership, the Group achieved its best financial performance since inception.
In addition, the company successfully concluded its Rights Issue Programme, enabling its banking subsidiary to meet the Central Bank of Nigeria’s recapitalisation requirements ahead of the March 31, 2026 deadline.
The board expressed confidence that Nwokocha’s leadership would steer the Group through its next phase of growth in Nigeria’s highly competitive financial services sector.
