News

Olukoyede assumes office, vows to reposition EFCC

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, assumed office on Thursday, October 19,  2023, promising to reposition and refocus the anti-graft agency for optimal effectiveness.

Olukoyede, while speaking at a meeting with the management staff of the EFCC at the corporate headquarters of the anti-graft agency in Abuja, listed his agenda to revolve around clearer and robust pursuit of the mandate of the EFCC, creating atmosphere for transparency and accountability in governance, emphasising preventive strategies in fighting corruption, total adherence to the rule of law, and better welfare packages for staff of the Commission.

He said: “We need to address the focus of our mandate. We should use the Commission to drive economic development.

“Why are we fighting crimes? It is for the system to thrive, for the economy to grow, for the society to get better.  Therefore, our focus should be geared towards developing the nation for greater benefits.”

On professionalism, the EFCC boss said: “We are going to drive professionalism in discharging our duties in line with the rule of law. The rule of law is going to be our guiding light.

READ ALSO: Senate confirms Olukoyede as EFCC chair, Hammajoda Secretary

“We are going to drive EFCC to a place that when you see EFCC personnel, you will see a touch of professionalism. We are also going to be involved more in prevention because it is better to save money for the government than to spend money in prosecution.”

Olukoyede stressed the supremacy of the rule of law in the works of the EFCC, saying the anti-graft agency “is a creation of the law”.

“Its Act is a legal instrument. This means that all our activities should be in line with the rule of law. There is nothing we are going to do that will be at variance with the law,” he added.

Olukoyede further called on the EFCC officials to “eschew dichotomies, narrowness, and disloyalty to themselves, the EFCC, and the nation”, stressing that the anti-graft agency is legally equipped to be at the forefront of fighting all shades of economic and financial crimes.

The EFCC chairman, however, assured a level playing field, equal opportunities for career progression, and more rewarding welfare package, saying: “My priority is to enhance staff welfare. We will build on what we have done before and there are prospects that we will do better things for every staff of the Commission.”

In his handover speech, the former Acting EFCC Chairman, Abdulkareem Chukkol, appreciated the staff and management for their support during his time in office and congratulated Olukoyede on his “well-deserved appointment”.

Chukkol thanked President Bola Tinubu for trusting him with the leadership of the EFCC in the four months he held sway as an acting chairman, saying: “We are grateful to the president for picking one of us; someone who has invested time and intellect in building the Commission to lead us at this time. Being not new to the system, I have no doubt the Executive Chairman will do well.”

The Star

Segun Ojo

Recent Posts

Paramount agrees to delay $110bn Warner Bros merger

Paramount Skydance agreed on Friday to delay its $110 billion merger with Warner Bros. Discovery…

16 minutes ago

INEC urges Nigerians to register as voter registration ends Sunday

The Independent National Electoral Commission has urged eligible Nigerians to complete their voter registration before…

58 minutes ago

D’banj becomes first Nigerian singer to ring London Stock Exchange closing bell

Nigerian singer Oladapo Oyebanjo, popularly known as D’banj, has become the first Nigerian singer to…

1 hour ago

Nigeria’s stock market closes week bearish as investors lose N306bn

The Nigerian stock market reversed to a bearish trend on Friday, July 24, 2026, as…

1 hour ago

Access Bank unveils SME app as FG pushes AI adoption

Access Bank Plc has unveiled an app for Small and Medium Enterprises (SMEs) to help…

1 hour ago

Davido sets London premiere date for ‘Oriade’ album

Afrobeats star David Adeleke, popularly known as Davido, has set August 11, 2026, as an…

2 hours ago

This website uses cookies.