Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, for allegedly defrauding investors of about ₦2 billion through a suspected Ponzi scheme.
Gatekeepers News reports that confirming the arrest, EFCC spokesperson Dele Oyewale said Tochukwu lured unsuspecting investors with flashy business packages under Gavice Logistics, covering haulage, courier, and e-commerce services, while promising them mouth-watering returns.
Oyewale said, “Investigations showed that he raked in more than N2 billion from 400 investors who could no longer access their capital and ROI owing to the fact that Tochukwu, since November 2024, disappeared into thin air with his investors’ funds. He was, however, caught by EFCC’s gallant operatives who are busy grilling him on his alleged fraudulent Ponzi scheme.”
He further urged Nigerians to be cautious in investment dealings saying, “With his arrest, members of the public are enjoined to desist from patronising unverified pyramid schemes and fraudulent investment promoters to avoid being defrauded.”
The anti-graft agency noted that Tochukwu is currently in custody and will be charged to court as soon as investigations are concluded.
