By EFCC Chairman Ola Olukoyede says a Kaduna State university once seized in a forfeiture case is now thriving as a federal institution, with nearly 1,900 students who began classes there in December 2025.
Recovered Campus Now a Full-Fledged University
In a video posted to his official X account on Friday, Olukoyede explained that the property, previously known as NOK University in Kachia, has been transformed into the Federal University of Applied Sciences, Kachia (FUASK) after the government secured its final forfeiture.
He noted that 1,909 students were matriculated into the institution in December 2025 where young people who, he said, would ordinarily never have had the chance to sit in a lecture hall. Olukoyede added that the university’s presence was already poised to boost the local economy in Southern Kaduna.
Another “High-Value” Institution Forfeited
The EFCC boss also revealed that a second private university, one he called “high value,” had recently been permanently forfeited to the government. He pointed to the scale of the vice-chancellor’s residence as a striking example of misused funds, describing it as larger than the presidential villa itself and noting that images of the property were circulating widely online.
Although Olukoyede stopped short of naming the school, his description of a campus with both a temporary and permanent site matches Rayhaan University in Kebbi State. That institution, tied to a former Attorney-General of the Federation, had dozens of its properties, including its main sites, a radio station, and the vice chancellor’s home, finally forfeited to the government on July 15, 2026.
A Broader Pattern of Recovery
Beyond these two cases, Olukoyede pointed to a wider track record, where between October 2023 and July 2026, the EFCC secured forfeiture of 10,053 assets, spanning real estate, vehicles, factories, hotels, aircraft, and even oil rigs and barges, along with over 100 tonnes of solid minerals. He said asset disposals so far have funneled ₦12.07 billion back to the Federal Government.
According to Olukoyede, these recoveries do more than punish offenders; they strengthen government revenue, protect the integrity of financial markets, and create what he termed a “deterrent dividend,” since each seized asset reduces the incentive for future crime, with some proceeds directly benefiting education.
This update is part of a larger performance report the EFCC chairman has been sharing recently, which shows the Commission recovered ₦1.233 trillion in local currency plus additional sums in foreign currency, while securing 10,872 convictions between October 2023 and July 2026.
