Stanbic IBTC Holdings Plc has announced the appointment of Chukwuma Nwokocha as its substantive group chief executive, effective October 2.
Stanbic said the appointment, which followed regulatory approvals, will see Nwokocha replace Adekunle Adedeji, who served in an acting capacity.
In a statement on Thursday, Sola David-Borha, the chairman of Stanbic IBTC, said the board was delighted with the appointment.
He described Nwokocha as a seasoned leader with “a strong track record in board governance, financial oversight, strategic transformation, and regulatory engagement”.
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The board also commended Adedeji for his stewardship during the transition.
The bank said Adedeji will continue as executive director and chief finance and value management officer of the company.
“It is worthy of mention that under Dr Adedeji’s leadership, the group recorded its best financial performance since inception,” the statement reads.
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“The group also successfully completed its Rights Issue Programme, which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalisation requirements ahead of the March 31, 2026 deadline.”
According to the statement, Nwokocha, a chartered accountant, brings over three decades of banking leadership experience across Africa.
The bank said the new CEO had previously held chief executive and board-level roles in leading financial institutions, including serving as chief executive of Standard Bank’s Mozambican subsidiary, where he drove strategic growth and operational excellence.
Stanbic IBTC expressed confidence that Nwokocha’s leadership will be instrumental in driving its growth strategy into the future.
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