The Economic and Financial Crimes Commission (EFCC) has successfully converted a university previously seized due to criminal activities into a fully operational federal institution. This transformation was announced by the EFCC Chairman, Ola Olukoyede, who revealed that the former NOK University in Kachia, Kaduna State, is now known as the Federal University of Applied Sciences, Kachia (FUASK). In December 2025, the university welcomed its first cohort of 1,909 students during a matriculation ceremony.

Olukoyede shared this information via a video and a post on his official X account, emphasizing the significance of this development. He stated, "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."

The establishment of FUASK is expected to have a positive economic impact on the surrounding community in Southern Kaduna. Olukoyede highlighted that the EFCC's efforts are not limited to punitive measures but also focus on reintegrating recovered assets into the economy.

In addition to the transformation of NOK University, Olukoyede mentioned that another private university, described as “high value,” has recently been forfeited to the Federal Government. He pointed to a lavish residence built for the vice-chancellor of this unnamed institution, which he claimed is larger than the official residence of the Nigerian president. While he did not disclose the university's name, his description aligns with Rayhaan University in Kebbi State, which was forfeited on July 15, 2026, along with several properties linked to a former Attorney-General of the Federation.

The EFCC has made significant strides in asset recovery over the past three years. Between October 2023 and July 2026, the Commission secured the forfeiture of 10,053 assets, which included a diverse range of properties such as real estate, vehicles, and even aircraft. These efforts have resulted in the return of ₦12.07 billion to the Federal Government.

Olukoyede emphasized the broader implications of these recoveries, stating that they not only bolster government revenue but also enhance the integrity of financial markets. He noted, "Every asset taken from a criminal enterprise lowers the reward for the next one — and some of it comes back as a classroom."

The EFCC's recent scorecard reveals that the Commission has recovered ₦1.233 trillion in total, alongside numerous foreign currency sums, and has secured 10,872 convictions during the same period. This comprehensive approach marks a shift in the EFCC's strategy, focusing on the restoration of value to the economy rather than solely on punishment for financial crimes.