Tinubu appoints Olukoyede as new EFCC chairman

President Bola Ahmed Tinubu has approved the appointment of Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC).

Olukoyede’s appointment came after the resignation of the suspended Executive Chairman of EFCC Abdulrasheed Bawa.

In a statement by presidential spokesperson, Ajuri Ngelale, Olukoyede’s appointment is for a renewable term of four years in the first instance, pending Senate confirmation.

The appointment of Olukoyede is established in section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, that “the Chairman and members of the Commission, other than ex-officio members, shall be appointed by the President”.

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Olukoyede is a lawyer with over 22 years of experience as a regulatory compliance consultant and specialist in fraud management and corporate intelligence.

He has extensive experience in the operations of the EFCC, having previously served as Chief of Staff to the Executive Chairman (2016-2018) and Secretary to the Commission (2018-2023).

Ngelale also disclosed that President Tinubu has approved the appointment of Muhammad Hassan Hammajoda to serve as the Secretary of the EFCC.

Hammajoda is a public administrator with extensive experience in public finance management who holds a Bachelor of Science degree in Accounting from the University of Maiduguri and a Masters in Business Administration from the same university.

He started his career as a lecturer at the Federal Polytechnic, Mubi. Later, he ventured into the banking sector, where he had prosperous tenures at both the defunct Allied Bank and Standard Trust Bank.

Ngelale emphasized that the president has charged the newly appointed leadership of the EFCC with the responsibility to prove their worth in this crucial national task.

He reiterated that this renewed effort to combat corruption, facilitated through a restructured institutional framework within the anti-corruption sector, stands as a key component of the President’s Renewed Hope agenda.