The Board of Stanbic IBTC Holdings Plc has officially appointed Mr. Chukwuma (Chuma) Nwokocha as the substantive Group Chief Executive, effective October 2, 2025. The appointment follows the receipt of all necessary regulatory approvals and was formally disclosed in a filing with the Nigerian Exchange (NGX) on Thursday.
Mr. Nwokocha takes the helm from Dr. Adekunle Adedeji, who had skillfully served as Acting Chief Executive during the transition period. Dr. Adedeji will now resume his primary role as Executive Director/Chief Finance and Value Management Officer of the Company.
A Seasoned Executive Takes Charge
Mr. Nwokocha is a highly experienced banking executive and Chartered Accountant with over three decades of experience across the African financial services sector.
His expertise spans key areas including retail and corporate banking, mergers and acquisitions, regulatory engagement, and operational excellence. Notably, his leadership experience includes serving as Chief Executive of Standard Bank, SA (the Mozambican subsidiary of the Standard Bank Group), where he was credited with driving strategic growth and operational excellence.
Confidence in Strategic Vision
Mrs. Sola David-Borha, Chairman of the banking group, expressed the Board’s strong confidence in the new CEO’s ability to steer the Group through its next phase of growth.
“Chuma has a proven track record in strategic transformation and governance. We are confident that his appointment will further strengthen the Group’s leadership and support its long-term strategy,” the Chairman stated.
Commendation for the Outgoing Acting CEO
The Board also took time to commend Dr. Adedeji for his “impactful and historic” interim leadership.
Mrs. David-Borha highlighted that under Dr. Adedeji’s brief tenure, the Group recorded its best financial performance since inception. Furthermore, he oversaw the successful completion of the Group’s Rights Issue Programme, enabling the banking subsidiary to meet the Central Bank of Nigeria’s (CBN) recapitalization requirements well ahead of the March 31, 2026, deadline.
With Mr. Nwokocha now in office, Stanbic IBTC is positioned for continued stability, strategic execution, and sustained shareholder value in the evolving financial landscape.
Top Things to Know About Chukwuma (Chuma) Nwokocha
- New Role: Substantive Group Chief Executive of Stanbic IBTC Holdings Plc.
- Effective Date: Took office on October 2, 2025, following regulatory approvals.
- Experience: Over 30 years of experience in the African financial services landscape.
- Expertise: Seasoned banking executive with a focus on retail and corporate banking, M&A, regulatory engagement, and operational excellence.
- Previous Role: Served as Chief Executive of the Mozambican subsidiary of the Standard Bank Group (Standard Bank, SA).
- Professional Background: A qualified Chartered Accountant.
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