Stanbic IBTC appoints Chukwuma Nwokocha as Group CEO

Stanbic IBTC Holdings Plc has announced the appointment of Chukwuma (Chuma) Nwokocha as its substantive Group Chief Executive, following approval from all necessary regulatory bodies.

The appointment marks the end of Adenkule Adedeji’s tenure as acting Chief Executive, with Adedeji returning to his role as Executive Director and Chief Finance and Value Management Officer.

Nwokocha, a seasoned banking executive and chartered accountant, brings over 30 years of leadership experience across Africa’s financial sector. He has held numerous high-profile roles, including Chief Executive of Standard Bank, SA, the Mozambican subsidiary of the Standard Bank Group. His expertise includes retail and corporate banking, mergers and acquisitions, and driving strategic growth and operational excellence.

Sola David-Borha, Chairman of Stanbic IBTC Holdings Plc, expressed enthusiasm about Nwokocha’s appointment, citing his proven track record in board governance, financial oversight, strategic transformation, and regulatory engagement. “The Board is confident that Nwokocha’s leadership will be instrumental in driving the growth strategy of Stanbic IBTC Group into the future,” she said.

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The board also commended Adedeji for his exemplary leadership during the transition period, noting that under his stewardship, the group achieved its best financial performance since its inception. Additionally, Adedeji successfully led the group through a Rights Issue Programme, ensuring its banking subsidiary met the Central Bank of Nigeria’s recapitalization requirements well ahead of the March 31, 2026, deadline.

David-Borha extended the board’s gratitude to Adedeji for his dedication, emphasizing his critical role in maintaining stability and fostering growth during the interim period. With Nwokocha at the helm, Stanbic IBTC Holdings is poised to build on its recent successes and pursue its ambitious growth agenda.