BREAKING: Tinubu Appoints Ola Olukoyede As New EFCC Chairman

President Bola Ahmed 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.

VerseNews reports that this was disclosed in a statement of appointment issued on Thursday by Ajuri Ngelale, the special adviser to the president on media and publicity.

The statement read: “President Tinubu has approved the appointment of Mr. Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a renewable term of four years, pending Senate confirmation, in accordance with the powers vested in President Tinubu under the Economic and Financial Crimes Commission (Establishment) Act, 2004, section 2 (3).”

Olukoyede, who has over 22 years of experience as a regulatory compliance consultant and specialist in fraud management and corporate intelligence, has previously served as Chief of Staff to the Executive Chairman (2016-2018) and Secretary to the Commission (2018-2023), which fulfills the statutory requirement for his appointment as Chairman.

The appointment comes after the resignation of the suspended Executive Chairman, Mr. Abdulrasheed Bawa.

In addition to the chairman, President Tinubu has also appointed a new secretary for the commission.

Mr. Muhammad Hassan Hammajoda, a public administrator with extensive experience in public finance management, has been appointed as the Secretary of the Economic and Financial Crimes Commission (EFCC) for a renewable term of five years, pending Senate confirmation.

Hammajoda holds a Bachelor of Science degree in Accounting from the University of Maiduguri and a Masters in Business Administration from the same university.

He started his career as a lecturer at the Federal Polytechnic, Mubi, and later worked in banking, including at the defunct Allied Bank and Standard Trust Bank.

President Tinubu has called on the new leadership of the EFCC to demonstrate their ability to fulfill this important national assignment, as the fight against corruption remains a central aspect of the President’s Renewed Hope agenda.