The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has reiterated the Commission’s commitment to ensuring that assets recovered from corrupt individuals are transparently and effectively used for the benefit of the Nigerian people.
Olukoyede made this statement during an inspection visit to the Federal University of Applied Sciences, located in Kachia, Southern Kaduna.
The institution was formerly the privately-owned Nok University but was forfeited to the Federal Government following a court order secured by the EFCC over illicit funding. President Bola Ahmed Tinubu later approved the conversion of the property for educational use.
Addressing dignitaries, traditional rulers, and community leaders at the site, the EFCC boss emphasized that the inspection visit was in line with the Tinubu administration’s drive for transparency and accountability.
“Recovered assets will not be allowed to be relooted because Nigerians deserve to enjoy the benefits of recovered proceeds of crime. It is no longer business as usual. This property has been delivered and given back to the people, and we will always ensure that recovered assets are deployed for public good”, Olukoyede said.
He praised President Bola Ahmed Tinubu’s political will and vision in approving the use of the facility for education, rather than auctioning or misappropriating it.
Olukoyede also commended Vice President Kashim Shettima and Kaduna State Governor Uba Sani for their roles in actualizing the transformation of the institution.
Describing the infrastructure at the university as impressive, the EFCC chairman called on residents and stakeholders to safeguard the facility for future generations. He noted that academic activities are expected to commence in September 2025, and pledged to return for the formal presentation of the pioneer students.
“This is the essence of fighting corruption, for the people to take back what has been taken from them,” he said.
In a related development, Olukoyede highlighted the recent commissioning of development projects in Bayelsa State, funded by recovered monies returned by the EFCC to the Niger Delta Development Commission (NDDC), as further evidence of the impact of anti-corruption efforts under the current administration.
“This is part of the result of good governance. We are not just mouthing it; we are showing Nigerians real proofs,” he affirmed.
