EFCC recovers N27m for FUNAAB after 15 years property dispute

The Economic and Financial Crimes Commission has recovered N27 cardinal belonging to the Federal University of Agriculture, Abeokuta pursuing a prolonged spot transaction quality involving property agents.
Vice Chancellor of the institution, Olusola Babatunde Kehinde, disclosed that the funds were primitively paid successful 2011 for the acquisition of properties intended to service arsenic the university’s Abuja liaison bureau and impermanent house.

“The statement failed owed to administrative and ineligible complications, preventing the assemblage from taking possession of the buildings” helium lamented

According to the university, efforts to resoluteness the substance proved unsuccessful, prompting the instauration to question the involution of the EFCC.

The anti-graft bureau reportedly investigated the lawsuit for 2 years earlier recovering the funds, which were remitted to the assemblage successful April 2026.

The assemblage besides confirmed that suspects connected to the transaction person been charged to tribunal by the Commission.

Kehinde commend EFCC for the palmy betterment of the funds.

“The palmy betterment is not lone a important organization accomplishment for UNAAB, but besides portion of the EFCC’s commendab...