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Nigeria gets new Executive Chairman, Secretary for EFCC

Mr. Olanipekun Olukoyede, New Executive Chairman of EFCC

*President Bola Ahmed Tinubu approves the appointment of Olanipekun Olukoyede as the new Executive Chairman of Economic and Financial Crimes Commission for a renewable term of four years in the first instance, subject to confirmation by the Senate

Isola Moses | ConsumerConnect

President Bola Ahmed Tinubu, GCFR, has approved the appointment of Mr. Olanipekun 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.

The Federal Government said President’s appointment of the fresh leadership for the anti-graft Commission is in line with “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’.”

Chief Ajuri Ngelale, Special Adviser (SA) to the President on Media and Publicity, in a statement issued Thursday, October 12, 2023, described Olukoyede as a lawyer with over 22 years of experience as a regulatory compliance consultant and specialist in fraud management and corporate intelligence.

The statement noted: “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 also stated: “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.”

In a related development, President Tinubu also appointed Mr. Muhammad Hassan Hammajoda, who is a public administrator with extensive experience in public finance management as the new Secretary of EFCC.

The Presidential media aide said Hammajoda holds a Bachelor of Science degree in Accounting from the University of Maiduguri (UNIMAID) and a Master’s in Business Administration from the same university. The new Secretary of the Commission began his career as a lecturer at the Federal Polytechnic, Mubi, in Adamawa State.

He had gathered experience in banking, including successful stints at the defunct Allied Bank and Standard Trust Bank.

Ngelale stated President Tinubu, therefore, tasks the new leadership of the Economic and Financial Crimes Commission to justify the confidence reposed in 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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