Stanbic IBTC Holdings Plc has announced the appointment of Chukwuma (Chuma) Nwokocha as the substantive Group Chief Executive, effective October 2, 2025. The appointment follows the receipt of all necessary regulatory approvals and marks a new chapter in the leadership of one of Nigeria’s leading financial institutions. This transition comes after the completion of Adenkule Adedeji’s tenure as Acting Chief Executive, during which the company underwent a formal appointment process to identify a suitable candidate for the role.
Nwokocha brings over 30 years of experience in banking, finance, and leadership across Africa to his new position. A seasoned executive and chartered accountant, he has held several Chief Executive and board-level positions across top-tier financial institutions. Notably, he served as Chief Executive of Standard Bank Mozambique, where he played a pivotal role in driving strategic growth, governance, and operational excellence. His vast expertise in corporate and retail banking, mergers and acquisitions, and strategic transformation makes him a fitting choice to lead Stanbic IBTC into its next phase of growth.
Chairman of Stanbic IBTC Holdings Plc, Sola David-Borha, expressed the board’s confidence and optimism regarding Nwokocha’s appointment. She commended his strong track record in board governance, regulatory engagement, and financial oversight, emphasizing that his experience and leadership will be instrumental in executing the Group’s long-term strategic growth agenda. The board believes that his appointment will reinforce the Group’s position as a trusted leader in Nigeria’s financial services industry and further strengthen its alignment with the Standard Bank Group’s regional strategy.
The board also extended its deep appreciation to Dr. Adenkule Adedeji for his exemplary leadership during the transition period. Under his stewardship, Stanbic IBTC achieved remarkable milestones, including recording its best financial performance since inception. Dr. Adedeji also successfully led the completion of the Group’s Rights Issue Programme, ensuring the banking subsidiary met the Central Bank of Nigeria’s recapitalisation requirements well ahead of the March 2026 deadline. His contributions have been pivotal in positioning the Group for sustainable growth and stability.
With Nwokocha at the helm, Stanbic IBTC Holdings is poised to strengthen its focus on innovation, operational efficiency, and regional expansion. His appointment reaffirms the Group’s commitment to leadership continuity, sound governance, and strategic execution, all aimed at creating long-term value for shareholders, customers, and stakeholders across Africa. The leadership transition signals a forward-looking direction for Stanbic IBTC as it continues to drive inclusive financial growth in Nigeria and beyond.
