Mr Adebayo was elected and affirmed as the consensus candidate by the delegates from the 36 states and the FCT.
He thanked members for their confidence in the new leadership.
Mr Agunloye is alleged to have conspired with Leno Adesayan of SPTCL to forge a letter.
The five-member panel of the apex court declared that the appeal had turned to an academic exercise.
The EFCC chairman disclosed that part of the recovered funds had been channelled into key national programmes
Mr Adedipe argued that no cogent and verifiable reasons were adduced for such an amendment.
Mr Agunloye was arraigned on a seven-count charge bordering on fraudulent awarding of contracts and official corruption.
When the matter was called for a report of service, the attorney general of the federation, who is the second defendant in the suit, was not represented in court.
EFCC charged Mr Agunloye with seven counts bordering on forgery, disobedience of presidential order, and corruption.
EFCC has asserted that it has powers based on judicial precedents to prosecute former Minister Olu Agunloye over alleged $6 billion Mambilla hydroelectric power plant.
