In a recent development, President Bola Tinubu has appointed Mr. Ola Olukoyede as the new Chairman of the Economic and Financial Crimes Commission (EFCC). The announcement was made through a statement by the presidential spokesman, Ajuri Ngelale, on Thursday.
According to Ngelale, President Tinubu exercised his authority as provided in section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, which states that “the Chairman and members of the Commission, other than ex-officio members, shall be appointed by the President.”
Mr. Ola Olukoyede brings a wealth of experience to his new role, with over 22 years of legal expertise as a regulatory compliance consultant and specialist in fraud management and corporate intelligence. He has a history of involvement with the EFCC, having served as Chief of Staff to the Executive Chairman from 2016 to 2018 and as Secretary to the Commission from 2018 to 2023. These credentials make him a fitting choice for the position of Chairman of the EFCC.
This appointment follows the resignation of the suspended Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa.
Furthermore, President Tinubu has also approved the appointment of Muhammad Hassan Hammajoda as the Secretary of the anti-graft Commission. Hammajoda’s appointment is for a renewable term of five years, subject to Senate confirmation. He holds a Bachelor of Science degree in Accounting from the University of Maiduguri and a Masters in Business Administration from the same university. His career has included roles as a lecturer at the Federal Polytechnic, Mubi, as well as successful stints in the banking sector, including positions at the defunct Allied Bank and Standard Trust Bank.
President Bola Tinubu has emphasized the importance of the new EFCC leadership’s role in the fight against corruption, underscoring that it is a central pillar of his Renewed Hope agenda. The President expects the newly appointed officials to justify the confidence placed in them as they undertake their responsibilities in this vital national mission.