Click to watchStanbic IBTC Holdings Plc has appointed Chukwuma (Chuma) Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following the receipt of all required regulatory approvals.
The appointment ends the interim tenure of Dr. Adekunle Adedeji, who steered the holding company through a crucial transition period and will now continue in his role as Executive Director/Chief Finance and Value Management Officer.
“We are delighted to welcome Mr. Nwokocha as Group Chief Executive,” Stanbic IBTC Chairman Sola David-Borha said in a statement filed on the Nigerian bourse. “His strong track record in board governance, financial oversight, strategic transformation, and regulatory engagement will push our next phase of growth.”
David-Borha also expressed the Board’s appreciation to Dr. Adedeji for his stewardship:
“It is worthy of mention that under Dr. Adedeji’s leadership, the Group recorded its best financial performance since inception. The Group also completed its Rights Issue Programme, which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalisation requirements ahead of the March 31, 2026, deadline.”
Nwokocha brings more than three decades of executive leadership across Africa. A chartered accountant by training, he has held multiple Chief Executive and board-level roles within the Standard Bank Group, including as Chief Executive of Standard Bank’s Mozambican subsidiary, where he drove strategic growth and operational transformation. His expertise spans retail and corporate banking, governance, and mergers and acquisitions.
The group will rely on Nwokocha’s experience to navigate certain aspects of its business, like the loss-making fintech business Zest and a recent fine on the investment banking subsidiary arm. Stanbic IBTC Capital was recently fined ₦50 million for an infraction during GTCO’s public offer without due approval from the Securities and Exchange Commission (SEC).
The board said it is confident that Nwokocha’s leadership will be instrumental in advancing Stanbic IBTC’s long-term strategy and sustaining its growth trajectory.
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