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Tinubu Appoints New EFCC Chairman



Tinubu Appoints New EFCC Chairman

President Bola Tinubu has appointed Olanipekun Olukoyede as the chairperson of the Economic and Financial Crimes Commission (EFCC).

The announcement was made by Ajuri Ngelale, a presidential spokesman in a statement on Thursday.

Olukoyede’s appointment follows the resignation of the suspended Executive Chairman of the EFCC, Abdulrasheed Bawa.

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,” the spokesman wrote in the statement.


Tinubu Appoints New EFCC Chairman


Olukoyede, a lawyer, served as secretary of the anti-graft agency for two years during the reign of Ibrahim Magu as acting chair of the commission. He, along with Magu and a number of other officials, was suspended from office by President Muhammadu Buhari in 2020 and was never recalled.

Olukoyede is a seasoned lawyer with expertise in compliance management, corporate intelligence, and fraud management.

He is a certified fraud examiner who has led investigations and civil litigation of fraud and financial crimes in International development projects.

Recall that President Tinubu suspended Abdulrasheed Bawa as EFCC chair in June, and in his place, appointed Abdulkarim Chukkol, then director of operations, in an acting capacity.

Bawa’s suspension, anchored on “weighty allegations of abuse of office levelled against him” followed a conventional pattern of unceremonious removal of past EFCC bosses

For four months now, Bawa has been in detention at the State Security Service (SSS) after he honoured the agency’s invitation for interrogation regarding the corruption allegation.

There are speculations that Bawa has agreed to officially resign from office.


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