The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that a university recovered through a forfeiture case has been converted into a federal institution, with 1,909 students matriculating in December 2025.
Olukoyede disclosed this in a video and accompanying post shared on his official X account on Friday, highlighting the impact of the EFCC’s asset recovery efforts under his leadership.
According to the EFCC chairman, the institution, formerly known as NOK University in Kachia, Kaduna State, was finally forfeited to the Federal Government and subsequently converted into the Federal University of Applied Sciences, Kachia (FUASK).
“A university seized from crime is now a federal university,” Olukoyede said.He explained that the conversion had transformed a recovered asset into an institution providing access to higher education for young Nigerians.
Olukoyede said 1,909 students matriculated at the university in December 2025, adding that many of the students might otherwise have had limited access to university education.
EFCC: Recovered university to boost Southern Kaduna economy
The EFCC chairman said the impact of the Federal University of Applied Sciences, Kachia, would extend beyond education to the wider economy of Southern Kaduna.
He noted that the presence of the institution was expected to create economic opportunities for residents, businesses and other stakeholders in the host community.
Olukoyede also disclosed that another private university had recently been finally forfeited to the Federal Government.
Although he did not name the institution in his post, he described it as a “high value” university with both a temporary and permanent site.
He also drew attention to what he described as an unusually large residence constructed for the university’s vice-chancellor.
EFCC forfeits over 10,000 assets
Olukoyede said the Commission’s asset recovery efforts between October 2023 and July 2026 resulted in the forfeiture of 10,053 assets.
According to him, the recovered assets include real estate, land, vehicles, electronics, schools, factories, hotels, oil rigs, barges, machinery and aircraft.
He added that the EFCC also secured the forfeiture of 102 tonnes of solid minerals during the period.
The EFCC chairman said the disposal of some of the recovered assets had so far generated N12.07 billion for the Federal Government.
Olukoyede: EFCC recoveries go beyond punishment
Olukoyede said the Commission’s enforcement activities should not be viewed solely as a means of punishing financial criminals, arguing that recovered assets could be redirected towards productive use.
He said such recoveries could strengthen government revenue, protect the integrity of financial markets and serve as a deterrent to potential offenders.
The EFCC chairman further disclosed that the Commission recovered N1.233 trillion in naira, alongside funds in foreign currencies, and secured 10,872 convictions between October 2023 and July 2026.
He said the conversion of forfeited properties into public institutions demonstrated how proceeds recovered from alleged criminal activities could be redirected towards public development.
Olukoyede described the approach as enforcement that moves beyond punishment by ensuring that assets taken from criminal enterprises can ultimately provide value to society.
