The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has reaffirmed the agency’s commitment to ensuring that assets recovered from corrupt individuals are redirected for the benefit of the Nigerian people.

Speaking during an inspection tour of the Federal University of Applied Sciences in Kachia, Southern Kaduna—formerly known as Nok University—Olukoyede emphasized that the institution was seized by court order due to illicit financial dealings and has now been officially repurposed for public use.

He noted that the conversion of the property into an educational institution was carried out under the directive of President Bola Tinubu. “This property has been returned to the people,” he said. “We will not allow recovered assets to be misappropriated again. The era of business as usual is over.”

Olukoyede praised President Tinubu, Vice President Kashim Shettima, and Kaduna State Governor Uba Sani for their roles in facilitating the transition.

Highlighting the impressive infrastructure of the facility, he urged local communities to take ownership and ensure its preservation. “Many universities don’t have the facilities we’re seeing here. It’s now your responsibility to protect it for future generations,” he added.

Academic activities at the institution are scheduled to begin in September 2025, and Olukoyede pledged to return once students are in session. “This is the essence of anti-corruption—restoring stolen wealth to the people,” he said.

Prof. Barnabas Qurix, Vice Chancellor of the newly established university, hailed the handover as a milestone for the region. Similarly, Senator Sunday Marshall Katung, representing Kaduna South, praised the initiative as a sign of development in a previously underserved area.