The Economic and Financial Crimes Commission (EFCC), has apprehended the Chief Executive Officer (CEO) of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly swindling investors of over N2 billion naira through a failed logistics investment scheme.
The Economic and Financial Crimes Commission made the development known through a statement released by its spokesperson, Dele Oyewale.
According to Oyewale, Tochukwu, using his company, lured investors with promises of a 50 percent return on investments in a haulage, courier, and e- commerce services.
The EFCC spokesperson disclosed that over 400 people invested in the scheme but have yet to recover their funds.
Oyewale noted that Tochukwu ran off with the money in November 2024 before his arrest in 2025.
In addition, the EFCC warned Nigerians against falling for unverified investments platforms.
The statement reads, “Tochukwu, through Gavice Logistics Limited, rolled out elaborate investment plans spanning haulage, courier and e-commerce services and dangled fifty percent Returns on Investment, ROI, to his investors.
“Investigations showed that he raked in more than N2billion 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.
“With his arrest, members of the public are advised to desist from patronising unverified pyramid schemes and fraudulent investment promoters to avoid being defrauded.”
Tochukwu is currently facing questioning over what the commission described as a ponzi scheme.
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