President Bola Tinubu has approved the appointment of Mr. Ola Olukoyede to serve as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC).
Olukoyede will replace Abdulrasheed Bawa, who has been on suspension since 14th June.
According to a statement on Thursday by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, Olukoyede’s appointment is for a renewable term of four years in the first instance, pending Senate confirmation.
He added that the appointment was made in accordance with the powers vested in President Bola Tinubu as 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,”
Mr. Ola Olukoyede is a lawyer with over twenty-two (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). As such, he fulfills the statutory requirement for appointment as Chairman of the EFCC.
Mr. Olukoyede’s appointment follows the resignation of the suspended Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa.
Furthermore, President Bola Tinubu has approved the appointment of Mr. Muhammad Hassan Hammajoda to serve as the Secretary of the Economic and Financial Crimes Commission (EFCC) for a renewable term of five years in the first instance, pending Senate confirmation.
“Mr. 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 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.”
The EFCC Chairman-designate was born in Ikere-Ekiti on 14th October 1969.
He is an alumnus of Lagos State University; University of Lagos; Institute of Arbitration ICC – Paris, France and University of Harvard (Kennedy School of Executive Education).
He is an experienced lawyer specialised in compliance management, corporate intelligence, and fraud management.
Olukoyede has extensive experience in the operations of the EFCC, having previously served as Chief of Staff to the Executive Chairman (2016-2018).
He served as the Secretary of the anti-graft agency between 2018 and 2023.
He is a Pastor of the Redeemed Christian Church of God, City of Refuge, Lagos Province 12.
He’s a member of the Federal Government Technical Committee on the Repositioning of the Nigerian Financial Intelligence Unit.
