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Why Tinubu appoints Olukoyede as EFCC Chairman

Why Tinubu appoints Olukoyede as EFCC Chairman

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

Ajuri Ngelale, Special Adviser to the President on Media and Publicity, disclosed this in a statement on Thursday in Abuja.

This is for a renewable term of four years in the first instance, pending Senate’s Confirmation.

This is in accordance with the Powers vested in the President as established in Section 2 (3) of the EFCC (Establishment) Act, 2004.

The Act states: “The Chairman and Members of the Commission, other than Ex-Officio Members, shall be appointed by the President.”

Olukoyede 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 the Chief of Staff to the Executive Chairman (2016-2018) and Secretary to the Commission (2018-2023).

Ngelale said that Olukoyede’s Appointment followed the resignation of the suspended Executive Chairman of the EFCC, Abdulrasheed Bawa.

He said that Tinubu also approved the Appointment of Muhammad Hammajoda to serve as the Secretary of the Commission for a renewable term of five years in the first instance, pending Senate’s Confirmation.

Hammajoda is a Public Administrator with extensive experience in Public Finance Management, who holds a Bachelor of Science Degree in Accounting and a Masters in Business Administration from the University of Maiduguri.

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.

Tinubu tasked the new Leadership of the EFCC to justify the confidence given to them in this National Assignment.

The President said the Appointment would re-invigorate the War on Corruption based on a reformed institutional architecture.

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EFCC raises Task Force to fight Currency mutilation, Dollarisation of Economy

EFCC raises Task Force to fight Currency mutilation, Dollarisation of Economy

The Economic and Financial Crimes Commission (EFCC), has raised a Special Task Force in all its Zonal Commands to enforce Extant Laws against Currency mutilation and Dollarisation of the Economy.

 Its Spokesperson, Dele Oyewale, said this in a Statement on Wednesday, in Abuja.

According to him, the Task Force, inaugurated by the Chairman of the Commission, Ola Olukoyede, is to protect the Economy from abuse, leakages and distortions that exposes it to instability and disruptions.

”Already, the Commission has made some arrests  of Perpetrators of issuance of invoices in Dollars and mutilation of the Naira in Lagos and Port Harcourt.

”Also, Proprietors of Private Universities and other Institutions of Higher Learning charging Fees in Dollars have been invited by the Commission.

”The Commission is committed to the enforcement of all Laws in place for the reflation and stimulation of the Economy,” he said.

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