Stanbic IBTC Holdings Appoints Chukwuma Nwokocha as Substantive Group Chief Executive

Stanbic IBTC Holdings PLC has officially appointed Mr. Chukwuma Nwokocha as its substantive Group Chief Executive, effective Thursday, October 2, 2025, following approval from regulatory authorities.

This appointment marks the conclusion of a formal selection process undertaken by the Board, following the tenure of Dr. Adekunle Adedeji, who had served as Acting Chief Executive. Dr. Adedeji will continue to play a pivotal role within the Group as Executive Director and Chief Finance & Value Management Officer, providing continuity in financial strategy and oversight.

Commenting on the appointment, Mrs. Sola David-Borha, Chairman of Stanbic IBTC Holdings, lauded Nwokocha’s proven track record in corporate governance, financial stewardship, and strategic transformation. She described him as a leader well-equipped to drive the Group’s long-term vision while sustaining operational excellence.

Mrs. David Borha also highlighted Dr. Adedeji’s outstanding leadership during his tenure as Acting CEO, noting that under his guidance, the Group recorded its best financial performance since inception. She further commended his role in successfully executing a rights issue, which ensured that the banking subsidiary met the Central Bank of Nigeria’s recapitalisation requirements ahead of the March 31, 2026 deadline.

Mr. Nwokocha’s appointment is expected to strengthen the Group’s leadership capacity, accelerate strategic initiatives, and enhance shareholder value. With extensive experience in the banking and financial services sector, he brings a wealth of knowledge in risk management, operational efficiency, and market-driven growth strategies, positioning Stanbic IBTC to consolidate its leadership in the Nigerian financial market.

In a brief statement, Nwokocha expressed gratitude for the Board’s confidence and pledged to build on the foundation laid by his predecessors, driving sustainable growth while maintaining the Group’s commitment to innovation, customer satisfaction, and regulatory compliance.

Stanbic IBTC Holdings’ leadership transition underscores its dedication to strategic succession planning, operational continuity, and long-term value creation for shareholders, clients, and stakeholders.