Stanbic IBTC Holdings Plc has appointed Mr Chukwuma (Chuma) Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following regulatory approval.
Mr Nwokocha succeeds Dr Adekunle Adedeji, who served in an acting capacity and will continue as Executive Director and Chief Finance and Value Management Officer of the company.
Board Chairman, Mrs Sola David-Borha, said the appointment reflects the Board’s confidence in Mr Nwokocha’s leadership, citing his experience in governance, financial oversight, strategic transformation, and regulatory engagement.
She also commended Dr Adedeji for delivering the Group’s best financial performance to date and for completing a rights issue that enabled the banking subsidiary to meet the Central Bank of Nigeria’s recapitalisation requirement ahead of the March 31, 2026, deadline.
A chartered accountant with over 30 years of experience across Africa, Mr Nwokocha previously held senior leadership positions in leading financial institutions, including serving as Chief Executive of Standard Bank Mozambique, where he drove strategic growth and operational efficiency. His expertise spans corporate and retail banking, as well as mergers and acquisitions.
The Board said it is confident his leadership will accelerate Stanbic IBTC’s growth strategy and strengthen its role as a key player in Nigeria’s financial services sector.
