President Bola Tinubu has appointed Ola Olukoyede as the new chairman of the Economic and Financial Crimes Commission, EFCC.
This was disclosed in a statement issued by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity. A copy of the statement was obtained by DAILY GIST on Thursday
It reads: By the powers vested in President Bola Tinubu as established in section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, that “the Chairman and members of the Commission, other than ex-officio members, shall be appointed by the President,” President Tinubu has approved the appointment of Mr. Ola Olukoyede to serve as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a renewable term of four years in the first instance, pending Senate confirmation.
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.
Mr. Olukoyede’s appointment follows the resignation of the suspended Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa.
Furthermore, President Bola Tinubu has approved the appointment of Mr. Muhammad Hassan Hammajoda to serve as the Secretary of the Economic and Financial Crimes Commission (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.
President Bola Tinubu tasks the new leadership of the Economic and Financial Crimes Commission (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.
Below are things you probably don’t know about the new EFCC Chairman:
1. Early Life and Birth: Olukoyede, born on October 14, 1969, hails from Ikere-Ekiti, Ekiti State, located in the southwestern region of Nigeria.
2. Professional Background: Before his involvement with the Economic and Financial Crimes Commission (EFCC), Olukoyede was a lawyer at the law firm of former Vice President Yemi Osinbajo.
He is a Pastor of the Redeemed Christian Church of God (RCCG)
3. Career at EFCC: Olukoyede’s career at EFCC includes serving as the Secretary to the EFCC and Chief of Staff to the former acting Chairman, Ibrahim Magu.
4. Certified Fraud Examiner: He holds the designation of a Certified Fraud Examiner, showcasing his expertise in fraud detection and prevention.
5. Educational Background: The specifics of Olukoyede’s educational background, including the institutions he attended and the degrees obtained, are not provided in the available information.
6. Professional Expertise: Olukoyede specializes in compliance management, corporate intelligence, and fraud management. He is recognized for his work in anti-corruption research and analysis.
7. Government Appointments: Olukoyede was nominated by former President Muhammadu Buhari as the Secretary to the EFCC, a position that he assumed after confirmation by the Nigerian Senate.
8. Fraud Advisory Panel Member: He is a member of the Fraud Advisory Panel in the United Kingdom, indicating his engagement in the international anti-fraud community.
9. Government Committee Member: Olukoyede is also a member of the Federal Government Technical Committee on the Repositioning of the Nigerian Financial Intelligence Unit, displaying his involvement in key government initiatives.
10. Appointment and Confirmation: President Tinubu appointed Ola Olukoyede as the EFCC Executive Chairman, a position set for a renewable term of four years, subject to Senate confirmation.
