EFCC Transfers 1,452 Cybercrime Assets to Education Ministry

On Wednesday, the Economic and Financial Crimes Commission (EFCC), led by Chairman Ola Olukoyede, handed over 1,452 recovered assets from cybercrime operations to the Federal Ministry of Education in Abuja. The assets, recovered during a major anti-cybercrime operation in 2024, include 501 double-deck bunk beds, 939 mattresses, and 12 wooden bed mattresses.

This operation, codenamed "Operation Eagle Flush," resulted in the arrest of 792 suspects, including 193 foreign nationals. EFCC Chairman Olukoyede stated that the decision to allocate these assets to the education sector is part of a broader strategy to support children and youth, who are often victims of financial crime.

President Bola Tinubu emphasized the importance of investing recovered assets into education to secure the future of young Nigerians. This is not the first instance of asset recovery for educational purposes, as last year, forfeited university facilities were also handed over to the Ministry of Education.