
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.
AI summary. Verify with the original source.
Read full story at Ripples Nigeria ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) recovered N5.8 billion in proceeds of crime from January to June 2026, which is reported to enhance accountability and national security in Nigeria, according to Punch.
Punch·July 6, 2026 at 12:05 AM
On June 18, 2026, a significant event took place at the Abuja Leadership Centre of Excellence, Yakubu Gowon University, where Architect Sonny Echono, the Executive Secretary of the Tertiary Education Trust Fund (TETFund), engaged a gathering of professors, academics, and university administrators. This occasion is noted for its impact on the attendees, marking a memorable transformation in their approach to education.
Leadership (NG)·June 25, 2026 at 6:58 AM
The Economic and Financial Crimes Commission (EFCC) has stated that it recovered less than N2 billion of the N22 billion that former minister Mamman was found to have stolen. A court is set to make a ruling on the EFCC's request for the forfeiture of Mamman's assets, which are linked to his conviction.
Premium Times·June 24, 2026 at 9:18 PM
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, highlighted the increasing issue of internet fraud, known as Yahoo Yahoo, during a book presentation by retired High Court judge Justice Alaba Omolaye-Ajileye. He reported that fraudsters had stolen ₦7.2 million from the bank account of a judge, which was intended for her child's school fees.
Information Nigeria·July 4, 2026 at 7:00 AM
The Nigerian Education Loan Fund (NELFUND) has condemned unethical practices by some tertiary institutions, including withholding tuition refunds and arbitrarily increasing school charges, despite receiving support from the federal government. This announcement was made in a public notice by the Director of Strategic Communications, Oseyemi Oluwatuyi.
Vanguard Business·June 30, 2026 at 7:00 AMHuman rights lawyer Femi Falana has called on Nigeria's Economic and Financial Crimes Commission (EFCC) to investigate and prosecute officials over the alleged diversion of N33.75 billion meant for cash transfers to poor and vulnerable Nigerians. According to The Tide, Falana made the call in a statement issued Sunday, urging the anti-graft agency to collaborate with the Auditor-General for the Federation in probing the missing funds.
The Tide (NG)·September 7, 2026 at 4:56 AM