Institutions recovered from crime converted to federal varsities – EFCC
EFCC Chairman Ola Olukoyede reveals how assets recovered from crime, including universities, are converted into federal institutions, benefiting thousands Read More: https://punchng.com/institutions-recovered-from-crime-converted-to-federal-varsities-efcc/
The Economic and Financial Crimes Commission (EFCC) Chairman, Ola Olukoyede, has announced that a university previously seized from criminals has been transformed into the Federal University of Applied Sciences, Kachia (FUASK) in Kaduna State. The school is now welcoming 1,909 students in December 2025, offering them a chance to attend lectures for the first time.
Olukoyede highlighted that this recovery not only provides opportunities for young people but also contributes significantly to the Southern Kaduna community's economy. Additionally, he revealed that another high-value university was recently forfeited to the Federal Government, with a particularly large residence built for the vice-chancellor, surpassing the size of the president's residence.
This development reflects the EFCC's commitment to recovering valuable assets from criminal enterprises and returning them to the economy, strengthening government revenue, maintaining financial-market integrity, and acting as a deterrent against future criminal activities.
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