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The law professor will steer the affairs of the anti-graft agency for the next five years.
Here are five things to know about him
1. The 54-year-old was the executive secretary of the Presidential Advisory Committee against Corruption (PACAC) appointed in August 2015.
2. He graduated from the Obafemi Awolowo University, Ile-Ife (formerly University of Ife) in 1984 at the age of 20 with an LL.B Upper Division and was called to the Bar in 1985. He proceeded to the University of Lagos where he bagged an LL.M in 1987 at 24.
3. Mr Owasanoye became a professor of law in 2001 at the age of 38 after moving from the University of Lagos where he was assistant lecturer to the Nigerian Institute of Advanced Legal Studies (NIALS).
4. He is the first to be conferred with the Teslim Elias Distinguished Professor of Law.
5. The new ICPC boss has worked as a consultant for federal and state agencies in Nigeria and international agencies, including UINTAR, ILO, USAID, UNICEF, DfID, World Bank, World Bank Institute, Ford Foundation, WLAFEM and ECOWAS.