The Federal Government has transferred more than 1,440 recovered assets to the education sector as part of efforts to convert proceeds of corruption into resources that improve teaching, learning and students’ welfare across the country.
The assets, recovered by the Economic and Financial Crimes Commission, include 501 double-decker bed frames, 939 mattresses and 12 wooden beds with mattresses. They were formally handed over to the Federal Ministry of Education during a restitution ceremony in Abuja.
Speaking at the event, Tunji Alausa said the initiative reflects President Bola Ahmed Tinubu’s commitment to ensuring that assets recovered on behalf of Nigerians are redirected to projects that have a direct impact on citizens, particularly children and young people.
According to the minister, education has become one of the major beneficiaries of the Federal Government’s asset recovery programme. He noted that the latest batch of recovered assets would significantly improve accommodation and welfare for students in Unity Schools and other federal educational institutions nationwide.
Alausa commended EFCC Chairman Ola Olukoyede for strengthening public confidence in the commission through professionalism, adherence to the rule of law and sustained efforts to combat corruption, procurement fraud and cybercrime.
He assured Nigerians that the recovered items would be distributed transparently and equitably across Unity Schools, helping to improve learning infrastructure and support the government’s commitment to accessible, inclusive and quality education.
Earlier, Olukoyede disclosed that the assets were recovered during Operation Eagle Flush, one of the EFCC’s largest cybercrime operations, conducted toward the end of 2024. The operation led to the arrest of about 792 suspects, including foreign nationals, who were investigated, prosecuted, convicted and repatriated after serving their prison terms.
The EFCC chairman explained that the restitution was carried out in accordance with the Proceeds of Crime Act, ensuring that recovered assets are transparently deployed for national development.
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