Stanbic IBTC Holdings PLC has announced the appointment of Mr. Chukwuma (Chuma) Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following regulatory approval.
Nwokocha succeeds Dr. Adekunle Adedeji, who served in an acting capacity during the transition period. Dr. Adedeji will continue as Executive Director and Chief Finance and Value Management Officer of the Company.
In a statement, Chairman of the Board, Mrs. Sola David-Borha, welcomed Nwokocha’s appointment, describing him as a proven leader with expertise in board governance, strategic transformation, and regulatory engagement.
She also praised Dr. Adedeji for his stewardship during the transition, noting that under his leadership the Group achieved its strongest financial performance since inception and successfully completed a Rights Issue Programme that positioned its banking subsidiary to meet the Central Bank of Nigeria’s recapitalisation deadline of March 31, 2026.
Nwokocha brings over 30 years of leadership experience in banking across Africa. He previously served as Chief Executive of Standard Bank in Mozambique, where he drove strategic growth and operational excellence. His experience spans retail and corporate banking, governance, and mergers and acquisitions.
The Board expressed confidence that Nwokocha’s leadership will be pivotal in advancing Stanbic IBTC’s long-term growth strategy.
