EFCC Converts Crime Assets into Educational Institutions

The Economic and Financial Crimes Commission (EFCC) has reported that assets recovered from criminal activities are being repurposed for public benefit, specifically in education. EFCC Chairman Ola Olukoyede revealed that the former NOK University in Kachia, Kaduna State, has been forfeited to the Federal Government and converted into the Federal University of Applied Sciences, Kachia, where 1,909 students matriculated in December 2025.

This initiative aims to enhance the educational and economic development of the Southern Kaduna region. Additionally, Olukoyede mentioned another high-value private university in Kebbi State that has recently been forfeited to the Federal Government, although he did not disclose its name.

His description aligns with Rayhaan University, which was forfeited on July 15, 2026, along with several properties linked to a former Attorney-General of the Federation. The EFCC has secured the forfeiture of over 10,000 assets since October 2023, emphasizing the importance of returning criminally traced assets to productive use.