The Economic and Financial Crimes Commission has handed over 1,452 recovered crime assets to the Federal Ministry of Education for distribution to federal boarding schools across the country, converting proceeds of a major cybercrime crackdown into student welfare infrastructure.
The formal handover took place on Tuesday in Abuja, where the EFCC Chairman, Ola Olukoyede, presented the items to the Minister of Education, Dr Tunji Alausa.
The assets, which include 501 double-step bunk beds, 939 mattresses and 12 wooden beds with mattresses, were recovered during Operation Eagle Flush, a nationwide crackdown on cybercrime and financial offences carried out in late 2024. The operation led to the arrest and conviction of 792 suspects, among them 193 foreign nationals who have since been deported following their convictions.
The Federal Ministry of Education said the items will be distributed to Federal Unity Colleges across the country to address accommodation shortages and improve living conditions for secondary school boarders.
Olukoyede said the transfer aligns with the Tinubu administration’s commitment to improving education and pledged that the Commission would continue to recover criminal proceeds and ensure they are channelled into public benefit.
The handover falls under the Proceeds of Crime Act, which requires that forfeited criminal assets be repurposed for national development rather than warehoused or auctioned without public benefit.
Tuesday’s transfer is not the first time recovered assets have been redirected to the education sector under the current administration. The EFCC Chairman noted that N50 billion in recovered funds was earlier deployed as seed financing for the Nigerian Education Loan Fund and that a seized facility was converted into the Federal University of Applied Sciences in Kachia, Kaduna State.
