The Economic and Financial Crimes Commission (EFCC) has detained Mr. Ahamba Tochukwu, the CEO of Gavice Logistics Limited, on accusations of defrauding hundreds of investors through a N2 billion Ponzi-style investment plan.
According to the anti-corruption agency, Tochukwu portrayed Gavice Logistics as a multifaceted company offering haulage, courier, and e-commerce services. He attracted investors with enticing offers that promised returns as high as 50%, presenting an alluring but deceitful opportunity.
Investigators unveiled that roughly 400 victims invested over N2 billion in this scheme, only to find themselves unable to withdraw their principal or expected profits after November 2024 when Tochukwu reportedly vanished with the funds.
EFCC operatives launched an intensive search that resulted in Tochukwu’s arrest after months on the run. He is now being questioned about the elaborate scam. The commission warned Nigerians against engaging with unverified investment ventures promising unrealistic gains, urging the public to exercise caution and conduct due diligence before committing funds.
