President Bola Tinubu has named Mr. Ola Olukoyede as the new Chairman of the Economic and Financial Crimes Commission (EFCC). This appointment was confirmed through an official statement released by Chief Ajuri Ngelale, the president’s spokesman.
The statement, referencing the powers vested in President Bola Tinubu as per section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, which empowers the President to appoint the Chairman and members of the Commission, has granted Mr. Ola Olukoyede the role of Executive Chairman of the EFCC. His initial term is set at four years, subject to Senate confirmation.
Mr. Olukoyede brings a wealth of experience to the position, with over 22 years in the legal field, specializing in regulatory compliance and fraud management, alongside a deep understanding of corporate intelligence. Notably, he boasts an extensive history with the EFCC, having previously served as Chief of Staff to the Executive Chairman from 2016 to 2018 and as Secretary to the Commission from 2018 to 2023. These roles align with the legal requirements for the Chairman of the EFCC.
The appointment of Mr. Olukoyede comes on the heels of the resignation of Mr. Abdulrasheed Bawa, the suspended Executive Chairman of the EFCC.
Furthermore, Tinubu has approved the appointment of Mr. Muhammad Hassan Hammajoda as the Secretary of the EFCC. Mr. Hammajoda’s initial term is set at five years, pending Senate confirmation.
With a background in public administration and extensive experience in public finance management, he holds a Bachelor of Science degree in Accounting from the University of Maiduguri, complemented by a Masters in Business Administration from the same institution.
His professional journey includes a stint as a lecturer at the Federal Polytechnic, Mubi, and successful tenures in the banking sector, notably at the defunct Allied Bank and Standard Trust Bank.
President Tinubu has entrusted the new leadership of the EFCC with the vital mission of justifying the trust invested in them. This move signals a renewed and determined commitment to combat corruption, underscoring its central role in the President’s “Renewed Hope” agenda.