The Federal Government has reaffirmed its commitment to transforming recovered proceeds of crime into strategic investments in education following the transfer of recovered assets from the Economic and Financial Crimes Commission (EFCC) to the Federal Ministry of Education.

Receiving the assets, the Minister of Education, Dr. Maruf Tunji Alausa, described the initiative as a demonstration of President Bola Ahmed Tinubu’s commitment to education, human capital development and the Renewed Hope Agenda.

He said recovered assets are being redirected towards improving learning infrastructure, expanding access to quality education and enhancing students’ welfare across the country.

The minister commended EFCC Chairman, Ola Olukoyede, for ensuring that recovered assets are channelled towards projects that directly benefit Nigerians.

He noted that previous recoveries had supported the establishment of the Federal University of Applied Sciences, Kachia, and provided seed funding for the Nigerian Education Loan Fund (NELFUND).

As part of the latest handover, the EFCC transferred 501 double-decker bed frames, 939 mattresses and 12 wooden beds with mattresses recovered during Operation Eagle Flush.

The Federal Ministry of Education said the assets would be deployed transparently across educational institutions to strengthen infrastructure and improve learning outcomes nationwide.