The {Economic} and {Financial} Crimes Fee has secured a Federal Excessive Court docket order for the interim forfeiture of $150,000 linked to Emmanuel Okoh, Director of Vetifly World Inc.
The fee introduced the event on Thursday through its official X account.
The courtroom order follows allegations that Okoh reneged on a $1.5 million funding Bargain, prompting the EFCC to take authorized motion to recuperate the funds.
In keeping with the EFCC, the interim forfeiture was granted by Justice Yellim Bogoro of the Federal Excessive Court docket, Ikoyi, Lagos, on Wednesday, January 14, 2026.
The order stems from an funding dispute relationship again to February 2022, when a petitioner invested $1.5 million in Vetifly World Inc.’s aviation enterprise, with an agreed return of 100% payable precisely three hundred and sixty five days from the funding date.
“Justice Yellim Bogoro of the Federal Excessive Court docket sitting in Ikoyi, Lagos, on Wednesday, January 14, 2026, ordered the interim forfeiture of the sum of $150,000.00 (One Hundred and Fifty Thousand {Dollars}) linked to at least one Emmanuel Okoh, Director, Vetifly World Inc,” the assertion learn partly.
The fee said that Okoh allegedly did not honor the Bargain and traveled overseas with the funds, leaving the petitioner with no recourse.
In keeping with the assertion, investigations revealed an “Plane Providers Contract” between Vetifly Restricted and Xejet Restricted.
Below the Bargain, Vetifly was to fund an air cargo operation, whereas Xejet was liable for regulatory, operational, and technical administration.
The courtroom has adjourned the case till February 11, 2026, for a report of compliance with the interim order.
This report of forfeiture aligns with the EFCC’s broader {financial} recoveries, which embrace N566 billion, $411 million, and 1,502 properties recovered over the previous few years.
Between October 2023 and September 2025, the fee obtained over 19,000 petitions, performed 29,240 investigations, filed 10,525 instances in courtroom, and secured 7,503 convictions.
Throughout the identical interval, it additionally recovered foreign exchange, together with £71,306.25 and €182,877.10.
These figures illustrate the dimensions {of financial} and {economic} crimes dealt with by the EFCC and the company’s sustained effort to recuperate misappropriated funds.