In the first instance, President Bola Tinubu has authorised the nomination of Mr. Ola Olukoyede as Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a four-year renewable term, subject to Senate confirmation.
According to a release issued on Thursday by the President’s Media Adviser, Ajuri Ngelale, the appointment was made in response to
Mr. Abdulrasheed Bawa, the suspended Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has resigned.
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According to the statement, President Tinubu made the latest appointment in accordance with the powers granted to him by section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, which states that “the Chairman and members of the Commission, other than ex-officio members, shall be appointed by the President.”
Olukoyede is a lawyer with over twenty-two (22) years of experience as a regulatory compliance consultant, fraud management specialist, and corporate intelligence specialist. He has substantial experience in EFCC operations, having previously served as Executive Chairman’s Chief of Staff (2016-2018) and Secretary to the Commission (2018-2023). As such, he meets the legislative qualification for appointment as Chairman of the EFCC.
In addition, the President approved the appointment of Mr. Muhammad Hassan Hammajoda as Secretary of the Economic and Financial Crimes Commission (EFCC) for a five-year renewable term in the first instance, subject to Senate approval.
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Hammajoda is a public administrator with vast experience in public finance administration. He possesses a Bachelor of Science degree in Accounting and a Masters in Business Administration from the University of Maiduguri. He started his career as a lecturer at Mubi Federal Polytechnic. He then went into banking, where he had successful experiences with the now-defunct Allied Bank and Standard Trust Bank.
President Tinubu charged the new leadership of the Economic and Financial Crimes Commission (EFCC) with justifying the trust placed in them in this critical national assignment, as a re-energized war on corruption waged 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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