On Thursday, President Bola Tinubu granted his approval for the appointment of Mr. Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC).
This appointment is initially for a four-year term, subject to renewal, pending confirmation by the Senate.
This comes nearly four months after he suspension of anti-graft agency chief, Mr Abdulrasheed Bawa.
Appointment Statement
“Mr. Olukayode’s appointment follows the resignation of the suspended Executive Chairman of the EFCC, Mr. Abdulrasheed Bawa.”
A statement signed by the President’s Special Adviser to the President on Media and Publicity, Ajuri Ngelale.
The statement is titled ‘President Tinubu appoints new EFCC. Chairman and Secretary of the Commission.’
Olukoyede is a lawyer with over 22 years of experience as a regulatory compliance consultant.
Also, he is a specialist in fraud management and corporate intelligence.
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He has extensive experience in the operations of the EFCC.
He 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.
Appointment Of Secretary Of The EFCC
President Tinubu also approved the appointment of Mr. Muhammad Hammajoda to serve as the Secretary of the EFCC.
The tenure is a renewable term of five years in the first instance, pending Senate confirmation.
Hammajoda is a public administrator with extensive experience in public finance management.
He holds a Bachelor of Science degree in Accounting from the University of Maiduguri and a Masters in Business Administration from the same university.
The president has called upon the newly appointed leadership of the commission to demonstrate their capability in this significant national role.
This came as part of the renewed effort to combat corruption, which includes restructuring the institutions in the anti-corruption sector, and is a key element of the President’s Renewed Hope agenda.