The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said a university recovered through a forfeiture case has been converted into a federal institution, with 1,909 students matriculating there in December 2025.
Olukoyede made this known in a video and accompanying post on his official X account on Friday, saying the former NOK University in Kachia, Kaduna State, became the Federal University of Applied Sciences, Kachia, after 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.
The EFCC chairman said the institution was also expected to generate wider economic benefits for its host community in Southern Kaduna.
Olukoyede also disclosed that another “high value” private university had recently been finally forfeited to the Federal Government, drawing attention to what he described as an unusually large residence constructed for its vice-chancellor.
“You need to get to that university in Kebby. 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.
Although he did not name the institution, the details in his remarks are consistent with Rayhaan University in Kebbi State, whose permanent and temporary sites, a third site, radio station and a residence built for its vice-chancellor were covered by a final forfeiture order secured by the EFCC on July 15, 2026.
Olukoyede said the Commission’s enforcement activities over the past three years had increasingly focused on returning recovered assets and value to the economy rather than punishment alone.
“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.
According to him, the recoveries had also contributed to government revenue, financial-market integrity and what he described as a “deterrent dividend.”
He said: “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.”
The remarks form part of a broader scorecard recently presented by the EFCC chairman, with the Commission reporting recoveries of ₦1.233tn in naira alongside sums in foreign currencies and securing 10,872 convictions between October 2023 and July 2026.
