Stanbic IBTC Names Chukwuma Nwokocha as Group CEO

Stanbic IBTC Holdings Plc has formally appointed Mr. Chukwuma Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following the receipt of all regulatory approvals.

Nwokocha succeeds Dr. Adekunle Adedeji, who served as Acting Chief Executive during the Board’s formal appointment process. Adedeji will continue as Executive Director/Chief Finance and Value Management Officer of the Group.

In a statement, the Chairman of Stanbic IBTC Holdings, Mrs. Sola David-Borha, described Nwokocha’s appointment as a major milestone for the Group. She highlighted his extensive experience in board governance, financial oversight, strategic transformation, and regulatory engagement.

Mrs. David-Borha also expressed gratitude to Dr. Adedeji for his leadership during the transition period, noting that under his stewardship, the Group achieved its best financial performance since inception. She added that the successful completion of the Group’s Rights Issue Programme positioned its banking subsidiary to meet the Central Bank of Nigeria’s recapitalisation requirements ahead of the March 31, 2026 deadline.

Nwokocha, a chartered accountant and veteran banking executive, brings over 30 years of leadership experience across Africa. He has held several top management and board positions, including Chief Executive of Standard Bank’s Mozambican subsidiary, where he drove strategic growth, governance, and operational excellence. His expertise covers retail and corporate banking, mergers, and acquisitions.

The Board expressed confidence that Nwokocha’s leadership would be pivotal in advancing the growth strategy of Stanbic IBTC Group.