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Just In: Ola Olukoyede Is New EFCC Chairman

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A new Executive Chairman has been named for the Economic and Financial Crimes Commission (EFCC). He is Ola Olukoyede.

President Bola Tinubu on Thursday approved the appointment of Olukoyede to lead the anti-graft agency for a renewable period of four years.

Olukoyede’s appointment is subject to Senate confirmation.

Recall that Tinubu had suspended the erstwhile EFCC boss, Abdulrasheed Bawa four months ago.

A statement titled ‘President Tinubu appoints new EFCC. Chairman and Secretary, and signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, on Thursday read,“Mr. Olukayode’s appointment follows the resignation of the suspended Executive Chairman of the EFCC, Mr. 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). As such, he fulfills the statutory requirement for appointment as Chairman of the EFCC.

President Tinubu also approved the appointment of Mr. Muhammad Hammajoda to serve as the Secretary of the EFCC for 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 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.

The president tasked the new leadership of the commission 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.

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