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Ripples Nigeria·September 4, 2026 at 6:15 PM

Nigeria's Economic and Financial Crimes Commission (EFCC) says assets recovered from proceeds of crime are being converted into institutions serving the public. According to the agency's chairman, a forfeited private university in Kaduna State is now operating as a federal university, while another high-value institution in Kebbi State was recently handed over to the Federal Government. The EFCC presented the conversions as examples of how recovered criminal proceeds are being redirected toward public benefit, particularly in the education sector.

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EFCCNigeriaasset recoveryeducationuniversities

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