President Bola Tinubu has named Mr. Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for an initial four-year term, with the possibility of renewal.
This appointment is awaiting confirmation by the Senate.
In a concise statement by Ajuri Ngelale, the Special Adviser to the President on Media & Publicity, it was emphasized that President Tinubu’s authority to make this appointment aligns with the Economic and Financial Crimes Commission (Establishment) Act, 2004, Section 2 (3), which grants the President the power to appoint the Chairman and members of the Commission.
Mr. Olukoyede is a lawyer with an extensive track record of over 22 years as a regulatory compliance consultant and an expert in fraud management and corporate intelligence.
He is well-versed in EFCC operations, having previously served as Chief of Staff to the Executive Chairman (2016-2018) and Secretary to the Commission (2018-2023), fulfilling the statutory requirements for the Chairman position.
This appointment follows the resignation of the suspended Executive Chairman, Mr. Abdulrasheed Bawa.
Additionally, President Tinubu has also given the nod for Mr. Muhammad Hassan Hammajoda to serve as the Secretary of the EFCC for an initial five-year term, pending Senate confirmation.
Mr. Hammajoda is a public administrator with a strong background in public finance management.
The Presidential Spokesman noted that the President expects the new EFCC leadership to uphold the confidence vested in them, emphasizing the importance of their role in the renewed efforts to combat corruption within a reformed institutional framework, as part of the President’s Renewed Hope agenda.
