Lagos, October 3, 2025 — The Board of Stanbic IBTC Holdings Plc has announced the appointment of Mr. Chukwuma (Chuma) Nwokocha as the substantive Group Chief Executive, with effect from October 2, 2025. The confirmation follows the receipt of all necessary regulatory approvals.
The development was disclosed in a regulatory filing to the Nigerian Exchange (NGX) on Thursday, October 3, 2025. The notice, signed by the Company Secretary, Chidi Okezie, formally concluded the leadership transition process that began earlier this year.
Mr. Nwokocha succeeds Dr. Adekunle Adedeji, who has led the institution in an acting capacity during a period of strategic repositioning. Dr. Adedeji will now return to his substantive role as Executive Director and Chief Finance and Value Management Officer of the Group.
A chartered accountant and seasoned banker, Mr. Nwokocha brings more than 30 years of experience in Africa’s financial services sector. Over the course of his career, he has served in several executive and board-level roles within the Standard Bank Group and other leading financial institutions. Most notably, he was Chief Executive of Standard Bank in Mozambique, where he oversaw significant strides in corporate governance, operational reforms, and market expansion.
Stanbic IBTC noted that Mr. Nwokocha’s expertise in retail and corporate banking, mergers and acquisitions, regulatory engagement, and strategic leadership will be instrumental in driving the Group’s next phase of growth.
With this appointment, the Board expressed confidence in the Group’s ability to sustain its reputation as one of Nigeria’s leading financial services providers while pursuing fresh opportunities across the continent.
