Home News Tinubu Appoints Ola Olukoyede As EFCC Chairman

Tinubu Appoints Ola Olukoyede As EFCC Chairman

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President Bola Tinubu has appointed Ola Olukoyede as Chairman of the Economic and Financial Crimes Commission (EFCC).

Presidential spokesman, Ajuri Ngelale, disclosed this in a statement on Thursday.

According to Ngelale, Olukoyede’s appointment is for a renewable term of four years in the first instance, pending Senate confirmation.

Tinubu had on June 14, 2023, suspended Abdulrasheed Bawa indefinitely as the EFCC Chair.

A letter from the Presidency explained that Bawa was suspended “to allow for proper investigation into his conduct while in office”. The action followed “weighty” allegations of abuse of office levelled against him.

Subsequently, the President directed the Director of Operations at the anti-graft agency, Abdulkarim Chukkol, to step in as acting EFCC chair while the Department of State Services (DSS) took Bawa into custody.

Ngelale said the decision of the President to appoint Olukoyede as new EFCC helmsman was in accordance with the powers vested in him as established in section 2 (3) of the EFCC (Establishment) Act, 2004.

The presidential spokesman said Olukoyede’s appointment followed the resignation of Bawa.

“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”, Ngelale said.

Also, Tinubu has approved the appointment of Muhammad Hammajoda to serve as the Secretary of the 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.

“The President tasked the new leadership of the anti-graft 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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