Tinubu appoints new EFCC Chairman

President Bola Tinubu has appointed Mr. Ola Olukoyede as the new Chairman of the Economic and Financial Crimes Commission, EFCC.

According to a statement by presidential spokesman, Ajuri Ngelale, on Thursday, the appointment was based on the powers vested in the  President as provided under section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004,

Ngelale said Olukoyede is a lawyer with over 22 years 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). As such, he fulfills the statutory requirement for appointment as Chairman of the EFCC.

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

Furthermore, the presidential spokesman said President Tinubu has approved the appointment of Muhammad Hassan Hammajoda to serve as Secretary of the anti-graft Commission for a renewable term of five years in the first instance.

“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 Masters 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.”

He said the administration planned to pursue a new war on corruption through institutional reforms.