The Federal Government has redirected more than 1,440 assets recovered by the Economic and Financial Crimes Commission (EFCC) to the education sector, in a move aimed at transforming proceeds of corruption into investments that enhance teaching and learning across the country.

The assets, comprising 501 double-decker bed frames, 939 mattresses and 12 wooden beds with mattresses, were formally handed over to the Federal Ministry of Education during a restitution ceremony in Abuja.

Minister of Education, Dr Tunji Alausa, while speaking at the handover ceremony, said the deployment of recovered assets to the education sector reflects President Bola Tinubu’s determination to ensure that resources reclaimed on behalf of Nigerians are channelled into projects that have a direct impact on citizens, especially children and young people.

The minister noted that education had emerged as one of the major beneficiaries of the Federal Government’s asset recovery programme.

Alausa added that the latest tranche of recovered assets would substantially improve students’ accommodation and welfare in colleges and other educational institutions nationwide.

He, however, hailed the EFCC Chairman, Ola Olukoyede, for enhancing public confidence in the Commission through professionalism, adherence to the rule of law and sustained efforts to tackle corruption, procurement fraud and cybercrime.

Alausa assured Nigerians that the recovered assets would be deployed transparently and equitably to unity schools across the country, where they would directly improve students’ welfare, strengthen learning infrastructure and support the Federal Government’s commitment to providing accessible, inclusive and quality education for every Nigerian child.

Earlier, Olukoyede said the assets were recovered during Operation Eagle Flush, one of the Commission’s largest cybercrime operations.

He said that the operation, conducted towards the end of 2024, led to the arrest of about 792 suspects, including foreign nationals, who were investigated, prosecuted, convicted and repatriated after serving their prison terms.

According to him, the restitution was carried out in line with the provisions of the Proceeds of Crime Act and the Federal Government’s commitment to ensuring that recovered assets are transparently deployed for national development.