Adamu Yusuf
The Chairman of the Economic and Financial Crimes Commission EFCC, Mr. Ola Olukoyede, has vowed that under his leadership, the commission will not allow recovered assets looted by corrupt individuals to be re-looted.
He gave the assurance during a visit to the main campus of the newly established Federal University of Applied Sciences, Kachia, Kaduna State.
The university facility was among properties forfeited to the Federal Government following a court order, after it was discovered that the assets were acquired using public funds.
Formerly known as Nok University, the institution was founded in 2021 by Anthony Hassan, a former Director of Finance and Accounts at the Federal Ministry of Health.
However, in June 2024, a Federal High Court in Abuja, issued a final forfeiture order after ruling that the university and related assets — including a water factory, hotel, and event center — were acquired with illicit funds.
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During his visit, the EFCC Chairman emphasized that Nigerians deserve to benefit from recovered assets, stressing that accountability must have visible outcomes.
“This is a testimony that good governance is possible in Nigeria,” Olukoyede said. “President Bola Ahmed Tinubu has given us a clear mandate to ensure the delivery of good governance. He has provided leadership by word and action.
“Never again in the history of this country will we allow recovered assets to be re-looted. What you’re witnessing here is a demonstration of accountability, transparency, and the judicious use of recovered resources.
“Nigerians deserve to enjoy the proceeds of accountability, and that’s why this facility has been returned to serve the public. After recovery, we believe the immediate community should be the first beneficiaries. This approach, which wasn’t common before, reflects the new direction under President Tinubu’s leadership.”
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Mr. Olukoyede revealed that only a day earlier, he commissioned projects in Bayelsa State funded entirely by assets recovered from the Niger Delta Development Commission (NDDC).
“These efforts are outside the conventional mandate of the EFCC, but we are committed to ensuring that proceeds of crime are returned to benefit the people,” he added.
He also reiterated that the university project was officially handed over to the Federal Ministry of Education on the President’s directive.
“This university is now a reality,” Olukoyede said. “For those who doubt the efficacy of the anti-corruption war, this is evidence that it is working—and it will continue to work for the benefit of Nigerians.”
The EFCC Chairman expressed gratitude to President Tinubu for the opportunity to lead the Commission effectively, and commended Governor Uba Sani, Senator Sunday Katung, and other stakeholders for their roles in actualizing the university project.
In his remarks, Senator Sunday Marshall Katung, representing Kaduna South Senatorial District, praised the EFCC for approving the conversion of the forfeited Nok University into the Federal University of Applied Sciences, Kachia.