President Bola Tinubu has approved the appointment of Mr. Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC).
Mr. Olukoyede’s appointment is for a renewable term of four years in the first instance, pending Senate confirmation. This decision comes almost four months after the suspension of the former EFCC chief, Mr. Abdulrasheed Bawa.
The statement, released by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, is titled ‘President Tinubu appoints new EFCC Chairman and Secretary of the Commission.’
Mr. Olukoyede brings a wealth of experience to his new role as a lawyer with over 22 years of expertise in regulatory compliance, fraud management, and corporate intelligence.
He has an extensive history of working within the EFCC, previously serving as Chief of Staff to the Executive Chairman from 2016 to 2018 and as Secretary to the Commission from 2018 to 2023, meeting the statutory requirements for appointment as Chairman of the EFCC.
In addition to Mr. Olukoyede’s appointment, President Tinubu has also approved the appointment of Mr. Muhammad Hammajoda as the Secretary of the EFCC.
Mr. Hammajoda’s appointment is for a renewable term of five years in the first instance, pending Senate confirmation.
He is a public administrator with a background in public finance management, holding a Bachelor of Science degree in Accounting from the University of Maiduguri and a Masters in Business Administration from the same institution.
The President charged the new leadership of the EFCC with the responsibility to fulfill their important national role as part of a revitalized anti-corruption effort, undertaken through a reformed institutional structure in the anti-corruption sector.
This remains a central pillar of the President’s Renewed Hope agenda.