Stanbic IBTC Holdings Plc now has a substantive chief executive and he is Mr Chukwuma (Chuma) Nwokocha.
The appointment of Mr Nwokocha followed the receipt of all required regulatory approvals, a statement from the financial services provider disclosed.
He assumed office today, Thursday, October 2, 2025, following the completion of Mr Adekunle Adedeji’s tenure as acting chief executive of the organisation, during which time the board undertook a formal appointment process in accordance with regulatory requirements.
Mr Adedeji will continue in his role as Executive Director/Chief Finance and Value Management Officer of the company.
The board, which put forward Mr Nwokocha’s name to the regulators, expressed confidence in his leadership, saying it will be instrumental in driving the growth strategy of Stanbic IBTC Group into the future.
This is because the appointee is a seasoned banking executive and chartered accountant with over three decades of leadership experience across Africa. He has held several Chief Executive and Board-level roles in leading financial institutions including Chief Executive, Standard Bank, SA; (the Mozambican subsidiary of the Standard Bank Group), driving strategic growth, governance, and operational excellence. His expertise spans retail and corporate banking, as well as mergers and acquisitions.
The chairman of Stanbic IBTC Holdings, Mrs Sola David-Borha, expressed the board’s delight at Mr Nwokocha’s appointment, highlighting his strong track record in board governance, financial oversight, strategic transformation as well as regulatory engagement.
She also extended the board’s deep appreciation to Mr Adedeji for his exemplary leadership and dedication; and for steering the affairs of the company and group during the transition period.
“It is worthy of mention that under Mr 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 March 31, 2026, deadline,” she stated.