He was confirmed after a two-hour session where he was grilled on a wide range of issues by the lawmakers.
Bawa had denied selling recovered assets while serving as Port Harcourt Zonal head of the commission.
He explained that the EFCC Secretary is the only person authorised to dispose off recovered assets.
According to him, the assets in question were sold by EFCC Secretary and three directors, who travelled from the headquarters to Port Harcourt to carry out the exercise.
He also dismissed claim that he was arrested by former acting EFCC Chairman, Mr Ibrahim Magu for undisclosed reasons, saying he had good working relationship with him.
Bawa said that he is eminently qualified to be appointed as EFCC Chairman based on his years of service and the extant laws.
He promised to work toward digitalisation of the operations of the commission.
Bawa said digitalisation would enable Nigerians to have access to information on EFCC operations.
He said the commission recorded 216 convictions on cases prosecuted in court during his stay at Port Harcourt.