Thursday, June 19, 2025 - Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has restated the agency’s position that assets recovered from corrupt individuals must be used in the interest of the Nigerian public.
Olukoyede made the remark on Wednesday during an
inspection visit to the Federal University of Applied Sciences in Kachia,
Southern Kaduna.
The institution, formerly Nok University, was forfeited to
the government by court order following findings related to illicit funding.
According to the EFCC, the property was handed over for
public use following a presidential directive from President Bola Tinubu to
convert it into an educational facility.
“This property has been returned to the people,” Olukoyede
said. “Recovered assets will not be allowed to be relooted. It is no longer
business as usual.”
He credited the decision to repurpose the property for
education to President Tinubu and also mentioned the involvement of Vice
President Kashim Shettima and Kaduna State Governor Uba Sani in facilitating
the process.
While describing the infrastructure at the site as
well-developed, Olukoyede called on local residents and stakeholders to take
ownership of the facility and safeguard it. “Most universities don’t have what
we’re seeing here. It is now up to you to preserve it for future generations,”
he said.
He added that academic activities are expected to begin by
September 2025 and said he would return to the school when students commence
classes.
“This is what the fight against corruption is about,
returning stolen resources to the people,” he said.
Vice Chancellor of the new university, Prof. Barnabas Qurix,
described the handover as significant for the region.
Senator Sunday Marshall Katung, representing
Kaduna South, also commended the project, saying it signals progress in a
long-neglected area.
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