President Tinubu Appoints Olukoyede New EFCC Chairman

President Bola Ahmed Tinubu has approved the appointment of Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC).

In a statement by presidential spokesperson, Ajuri Ngelale, Olukoyede’s appointment is for a renewable term of four years in the first instance, pending Senate confirmation.

The appointment of Olukoyede is 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”.

The appointment follows the resignation of the suspended Executive Chairman of EFCC Abdulrasheed Bawa.

Olukoyede is a lawyer with over 22 years of experience as a regulatory compliance consultant and specialist in fraud management and corporate intelligence

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