Stanbic IBTC Holdings Plc has ushered in a new era of leadership with the appointment of Chukwuma (Chuma) Nwokocha as Group Chief Executive, following the receipt of all required regulatory approvals. His appointment took effect on October 2, 2025, marking a significant milestone in the company’s strategic journey.
The announcement was formally conveyed through a filing to the Nigerian Exchange (NGX) on October 3, 2025, signed by the Company Secretary, Chidi Okezie.
Nwokocha assumes the leadership mantle from Dr. Adekunle Adedeji, who steered the Group in an acting capacity during a critical period of transformation. With the transition now concluded, Dr. Adedeji will revert to his previous role as Executive Director and Chief Finance and Value Management Officer, continuing to play a vital role in the company’s long-term
vision.
In a statement affirming the Board’s confidence, Chairman of Stanbic IBTC Holdings, Mrs. Sola David-Borha, described the new CEO as a tested leader whose experience and strategic insight will drive the Group’s next growth phase.
According to her, “Chuma brings to the role a wealth of expertise in transformation and governance. His appointment represents continuity and renewed commitment to our strategic ambitions. The Board has full confidence in his ability to strengthen our leadership and enhance stakeholder value.”
Mrs. David-Borha also commended Dr. Adedeji for the stability and performance achieved under his interim leadership. She noted that during his tenure, Stanbic IBTC recorded its strongest financial results since inception a testament to his disciplined management and operational excellence.
Under his guidance, the Group successfully completed its Rights Issue Programme, enabling the banking subsidiary to meet the Central Bank of Nigeria’s recapitalisation threshold well ahead of the March 31, 2026 deadline.
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With this transition, Stanbic IBTC signals a continuation of its focus on growth, innovation, and sound governance. Nwokocha’s appointment is seen as a strategic move to deepen the Group’s market position and reinforce its role in Nigeria’s evolving financial ecosystem.
Industry watchers view the leadership change as both timely and forward-looking. As regulatory reforms, economic shifts, and digital transformation continue to shape the financial services landscape, Nwokocha’s leadership is expected to bring clarity, consistency, and customer-centered innovation.
By combining strategic foresight with operational depth, Stanbic IBTC aims to sustain its legacy of trust, deliver long-term value to shareholders, and reinforce its reputation as one of Nigeria’s most resilient and well-governed financial institutions.
