The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Gavice Logistics Limited, Ahamba Tochukwu for allegedly defrauding several investors in his logistics investment schemes to the tune of N2 billion.
The agency in a statement issued Wednesday said Tochukwu, through Gavice Logistics Limited, rolled out elaborate investment plans spanning haulage, courier and e-commerce services and dangled 50 per cent Returns On Investment (ROI) to his investors.
It 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.
With his arrest, the agency urged members of the public to desist from patronising unverified pyramid schemes and fraudulent investment promoters to avoid being defrauded.