The Economic and Financial Crimes Commission (EFCC) has apprehended Mr. Ahamba Tochukwu, CEO of Gavice Logistics Limited, over allegations that he defrauded investors of more than ₦2 billion through a suspected Ponzi scheme.
According to EFCC spokesperson Dele Oyewale, Tochukwu reportedly enticed over 400 investors with promises of 50 percent returns on elaborate logistics ventures spanning haulage, courier, and e-commerce services. Investigations revealed that while he collected substantial sums, he failed to deliver the promised returns.
“Since November 2024, Tochukwu allegedly vanished with investors’ funds, leaving them unable to access their capital or any returns,” Oyewale stated. He added that EFCC operatives successfully tracked Tochukwu down and are currently interrogating him regarding the alleged fraudulent scheme.
Oyewale warned the public to exercise caution when engaging with unverified investment schemes. “The arrest of Tochukwu serves as a reminder to avoid patronizing pyramid schemes and fraudulent investment promoters to protect your finances,” he said.
The EFCC continues to investigate the matter as efforts are underway to recover the lost funds and bring the perpetrators to justice.
