President Bola Ahmed Tinubu has approved the appointment of Mr Ola Olukoyede, as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC).
A statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, stated that the President also approved the appointment of Muhammad Hassan Hamajodda as the Secretary of the Commission. The Chairman and the Secretary will serve for a period of four and five year renewable term pending confirmation by the Senate respectively.
According to the statement, the President acted based on the powers vested on him 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 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.
Olukoyede’s appointment follows the resignation of the suspended Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa.
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 tasked 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.
