By Nkechi Eze
The Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, over allegations of defrauding investors of more than ₦2 billion through an elaborate Ponzi scheme disguised as a logistics investment platform.
According to an official statement by EFCC spokesperson, Dele Oyewale, Tochukwu enticed unsuspecting investors with promises of up to 50 percent returns on investments (ROI) under schemes spanning haulage, courier, and e-commerce services. The mouthwatering offers attracted over 400 investors, who collectively staked billions of naira in the scheme.
Investigations revealed that by November 2024, Tochukwu had allegedly vanished with the funds, leaving investors stranded without access to their capital or promised returns. His sudden disappearance sparked a trail of complaints, leading to an intensive manhunt by EFCC operatives who eventually tracked him down.
“He raked in more than ₦2 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,” Oyewale disclosed.
The EFCC has urged Nigerians to exercise caution and avoid patronizing unverified pyramid schemes or fraudulent promoters who exploit public trust with promises of unrealistic returns. The commission stressed that such investments often collapse, leaving victims with devastating financial losses.
Meanwhile, Tochukwu remains in EFCC custody as investigations continue into the full scale of his alleged fraudulent activities and possible accomplices.
