Stanbic IBTC Holdings Plc has named Chukwuma Nwokocha as its substantive group chief executive, effective 2 October, after receiving all required regulatory approvals.
The company disclosed this in a Thursday notice signed by company secretary Chidi Okezie.
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Mr Nwokocha’s appointment follows the end of Adekunle Adedeji’s tenure as acting chief executive.
Mr Adedeji will continue in his position as executive director and chief finance and value management officer of the company.
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Announcing the decision, Chairperson Sola David-Borha said the board was delighted with the appointment, noting Mr Nwokocha’s “strong track record in board governance, financial oversight, strategic transformation as well as regulatory engagement.”
She also praised Mr Adedeji “for his exemplary leadership and dedication; and for steering the affairs of the company and group during the transition period.”
She added: “It is worthy of mention that under Dr Adedeji’s leadership, the Group recorded its best financial performance since inception. The Group also successfully completed its Rights Issue Programme which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalization requirements ahead of the 31 March 2026 deadline.”
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Mr Nwokocha, a chartered accountant, brings more than three decades of leadership experience across Africa.
He has held several chief executive and board-level roles in leading financial institutions, including as chief executive of Standard Bank’s Mozambican subsidiary, where he drove strategic growth, governance and operational excellence. His expertise spans retail and corporate banking, as well as mergers and acquisitions.
The board said it was confident that his leadership “would be instrumental in driving the growth strategy of Stanbic IBTC Group into the future.”
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