Stanbic IBTC Holdings Plc has announced the appointment of Mr. Chukwuma (Chuma) Nwokocha as the company’s new Group Chief Executive, effective October 2, 2025, following the receipt of all necessary regulatory approvals.
Mr. Nwokocha takes over from Dr. Adekunle Adedeji, who had served as Acting Chief Executive during the transition period. Dr. Adedeji will continue in his position as Executive Director/Chief Finance and Value Management Officer of the company.
The Chairman of Stanbic IBTC, Mrs. Sola David-Borha, described Mr. Nwokocha’s appointment as a major step forward, citing his strong background in board governance, financial oversight, strategic transformation, and regulatory engagement.
She also praised Dr. Adedeji for his “exemplary leadership and dedication,” noting that under his tenure the Group achieved its best financial performance since inception. Importantly, the company also successfully completed its Rights Issue Programme, enabling its banking subsidiary to meet the Central Bank of Nigeria’s recapitalization requirements well ahead of the March 31, 2026 deadline.
Investor Insight
For shareholders and investors, this leadership change signals continuity and stability at the top. Mr. Nwokocha’s appointment comes at a time when Stanbic IBTC is financially strong and well-prepared for regulatory capital requirements. The fact that the bank met recapitalization targets early will likely reassure investors, while the appointment of a substantive CEO brings clarity and long-term direction for the Group.
