President Bola Ahmed Tinubu has approved the appointment of Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC).
In a statement by presidential spokesperson, Ajuri Ngelale, Olukoyede’s appointment is for a renewable term of four years in the first instance, pending Senate confirmation.
The appointment of Olukoyede is established in section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, that “the Chairman and members of the Commission, other than ex-officio members, shall be appointed by the President”.
The appointment follows the resignation of the suspended Executive Chairman of EFCC Abdulrasheed Bawa.
Olukoyede is a lawyer with over 22 years of 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).
Ngelale also disclosed that President Tinubu has approved the appointment of Muhammad Hassan Hammajoda to serve as the Secretary of the EFCC
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.
Ngelale said the president has task the new leadership of the EFCC to justify the confidence given to them in this important national assignment as a newly invigorated war on corruption undertaken through a reformed institutional architecture in the anti-corruption sector remains a central pillar of the President’s Renewed Hope agenda.