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).

The presidential spokesman, Chief Ajuri Ngelale, made this known in a statement issued on Thursday.

Ngelale said the president appointed Olukoyede for a renewable term of four years in the first instance, pending Senate confirmation.

He added that the appointment is in line with the powers vested in President Tinubu as established in section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004.

He said, “By the powers vested in President Bola Tinubu as 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,” President Tinubu has approved the appointment of Mr. Ola Olukoyede to serve as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a renewable term of four years in the first instance, pending Senate confirmation.

“Mr. Ola Olukoyede is a lawyer with over twenty-two (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 the Chief of Staff to the Executive Chairman (2016-2018) and Secretary to the Commission (2018-2023). As such, he fulfils the statutory requirement for appointment as Chairman of the EFCC.

“Mr Olukoyede’s appointment follows the resignation of the suspended Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa.”

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

The presidential aide said the appointment is for a renewable term of five years in the first instance, pending Senate confirmation.

He added: “Furthermore, President Bola Tinubu has approved the appointment of Mr. Muhammad Hassan Hammajoda to serve as the Secretary of the Economic and Financial Crimes Commission (EFCC) for a renewable term of five years in the first instance, pending Senate confirmation.

“Mr. Muhammad Hassan 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 Master’s in Business Administration from the same university. He began his career as a lecturer at the Federal Polytechnic, Mubi. From there, he went into banking, including successful stints at the defunct Allied Bank and Standard Trust Bank.

“President Bola Tinubu tasks the new leadership of the Economic and Financial Crimes Commission (EFCC) to justify the confidence given to them in this important national assignment as a newly invigorated war on corruption undertaken through a reformed institutional architecture in the anti-corruption sector remains a central pillar of the President’s Renewed Hope agenda.”