BREAKING: Tinubu Appoints Lawyer, Ola Olukoyede, Chairman Of EFCC

President Bola Tinubu has appointment of Ola Olukoyede, a specialist in fraud management and corporate intelligence, as the new Executive Chairman of the Economic and Financial Crimes Commission (EFCC).
The appointment, which is subject to Senate confirmation, is for a renewable term of four years in the first instance.
A statement today, October 12, by the presidential spokesman, Ajuri Ngelale said that the appointment is linked to section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004.
The section satates: “the Chairman and members of the Commission, other than ex-officio members, shall be appointed by the President.”
The new EFCC chairman, according to the statement, 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.”
The statement said that the appointment of Olukoyede came following the resignation of the suspended Executive Chairman, Abdulrasheed Bawa.
The statement said that the President also appointed Muhammad Hassan Hammajoda as Secretary of the EFCC for a renewable term of five years in the first instance, pending Senate confirmation.
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 asked the new leadership of the 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.