Stanbic IBTC Holdings PLC has appointed Chukwuma Nwokocha as its substantive Group Chief Executive, effective October 2, 2025, following regulatory approval.
Nwokocha, a seasoned banker and chartered accountant with over 30 years of experience, takes over from Adekunle Adedeji, who has served in an acting capacity since May. Mr Adedeji will continue in his role as Executive Director and Chief Finance and Value Management Officer.
Board Chair Sola David-Borha described the appointment as a strategic step for the financial services group, praising Nwokocha’s “strong track record in board governance, financial oversight, strategic transformation, and regulatory engagement.”
She also commended Adedeji’s transition leadership, noting that under his watch, Stanbic IBTC delivered its best financial results since inception and completed a Rights Issue Programme that secured its banking arm’s compliance with the Central Bank of Nigeria’s recapitalisation deadline of March 2026.
Nwokocha previously served as Chief Executive of Standard Bank Mozambique, a subsidiary of the Standard Bank Group. His career spans senior leadership roles across retail and corporate banking, governance, and mergers and acquisitions.
Analysts on social media noted that the appointment breaks with tradition. “This is like the first time in a while that the banking subsidiary CEO will not be elevated to Group CEO,” one market watcher wrote on X, pointing to a succession line that previously ran from Sola David-Borha to Yinka Sanni and Ademola Sogunle.
The Board said it is confident that Nwokocha’s leadership will “drive the growth strategy of Stanbic IBTC Group into the future.”
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