Stanbic IBTC Holdings Plc has appointed Chukwuma Nwokocha as its new group chief executive. His appointment took effect on October 2.
Mr Nwokocha replaces Adekunle Adedeji, who acted as CEO following the retirement of Demola Sogunle on October 31, 2024. Mr Adedeji will remain on the board as executive director and chief finance and value management officer.
Chairman Sola David-Borha commended Adedeji for his service, noting that the group delivered its best financial performance under his watch. She added that the bank also completed its Rights Issue Programme during the period, meeting the Central Bank of Nigeria’s recapitalisation requirements well ahead of the March 31, 2026 deadline.
On the new CEO, Mrs David-Borha described Nwokocha as a proven leader with deep experience in governance, strategy, and regulatory engagement. She said the board was confident he would drive the group’s growth.
Nwokocha has over 30 years of experience in African banking. At Access Bank, he served as regional managing director, overseeing operations in Angola, Botswana, Mozambique, and Zambia, and leading expansion into Namibia.
Before then, he worked for 17 years at Standard Bank in Mozambique, rising from head of finance to chief executive. He also had a stint with KPMG Mozambique as an expatriate manager.
A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Chukwuma Nwokocha trained with Coopers & Lybrand and later PricewaterhouseCoopers. He is an alumnus of Harvard, MIT Sloan, Oxford, and Henley Business School.
His appointment signals continuity for Stanbic IBTC and a push for further growth in a challenging financial landscape. All eyes will now be on Nwokocha to see how he builds on Adedeji’s record-breaking run.
