EFCC Converts Recovered Universities to Federal Institutions

EFCC Chairman Ola Olukoyede has revealed that a university seized from crime has been converted into the Federal University of Applied Sciences, Kachia, where 1,909 students matriculated in December 2025.

He also disclosed that another “high-value” private university has been finally forfeited to the Federal Government, with a vice-chancellor’s residence bigger than the President’s Villa.

From Crime to Classroom

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ValidViewNetwork gathered that the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that a university seized from crime has been converted into a fully functioning federal institution, giving hope to thousands of Nigerian students who would otherwise never have seen the inside of a lecture hall.

In a video and accompanying post shared on his official X account on Friday, September 4, 2026, Olukoyede said the recovered campus, formerly NOK University in Kachia, Kaduna State, was converted into the Federal University of Applied Sciences, Kachia (FUASK) following its final forfeiture to the Federal Government.

“A university seized from crime is now a federal university. The recovered campus in Kaduna State became the Federal University of Applied Sciences, and in December 2025, 1,909 students matriculated there. Young people who, in the ordinary course of things, would never have seen the inside of a lecture hall,” he said.

He added that the institution was already expected to have a wider economic impact on its host community in Southern Kaduna.

Another University Forfeited

Olukoyede also disclosed that another private university, which he described as “high value” , had recently been finally forfeited to the Federal Government. He cited an unusually large house built for the institution’s vice-chancellor as evidence of the scale of the fraud.

“You need to get to that university in Kebbi. It has temporary site and permanent site. The house that was built for the vice-chancellor alone is probably bigger than the president’s house in the villa. The picture is all over the place. If you Google it now, you will see the pictures,” he stated.

While Olukoyede did not name the university, his description is consistent with Rayhaan University in Kebbi State, whose final forfeiture, alongside dozens of other properties linked to a former Attorney-General of the Federation, was secured by the EFCC on July 15, 2026.

That forfeiture order covered the university’s permanent site, temporary site, a third site, its radio station, and a residence built for its vice-chancellor.

Beyond Cash: Recovering Value for the Economy

Beyond the two universities, Olukoyede said the Commission’s enforcement work over the past three years had gone beyond punishment to actively return recovered value into the economy.

“Beyond cash, between October 2023 and July 2026 we secured the forfeiture of 10,053 assets: real estate, land, vehicles, electronics, schools, factories, hotels, oil rigs, barges, machinery and aircraft, along with 102 tonnes of solid minerals. Disposals so far have returned ₦12.07 billion to the Federal Government,” he added.

He said the broader impact of the Commission’s recoveries extended to strengthening government revenue, protecting financial-market integrity, and producing what he called a “deterrent dividend” .

“This is what enforcement looks like when it moves beyond punishment. Every asset taken from a criminal enterprise lowers the reward for the next one, and some of it comes back as a classroom,” he added.

The remarks form part of a broader scorecard in which the Commission disclosed recovering ₦1.233 trillion in naira, along with sums in foreign currencies, and securing 10,872 convictions between October 2023 and July 2026.

A Lesson for Nigerian Youths

This is a powerful reminder that crime does not pay, but justice can build. The same politicians who loot public funds will never allow their own children to be denied education.

Their children are sent abroad, given the best opportunities. But through the work of the EFCC, the children of the poor now have access to a university that was once a monument to corruption.

For young Nigerians, the lesson is clear: the fight against corruption is not just about punishment, it is about building a better future. The classrooms that now hold 1,909 students were once part of a criminal enterprise.

Today, they are places of hope.Support the fight against corruption. Demand accountability. And never forget that every recovered asset is an investment in Nigeria’s future.